Can I retire at age 80 with 17,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,336,676
2 years$711,325$698,077$685,238$672,789$660,714$610,076
3 years$469,506$456,201$443,394$431,063$419,184$370,324
4 years$348,620$335,356$322,677$310,556$298,966$252,256
5 years$276,108$262,923$250,411$238,537$227,269$182,831
6 years$227,782$214,697$202,369$190,760$179,830$137,697
7 years$193,277$180,302$168,170$156,834$146,250$106,411
8 years$167,410$154,552$142,621$131,564$121,329$83,748
9 years$147,302$134,565$122,840$112,064$102,176$66,803
10 years$131,225$118,613$107,094$96,600$87,059$53,831
11 years$118,079$105,594$94,284$84,071$74,874$43,720
12 years$107,133$94,775$83,675$73,741$64,884$35,727
13 years$97,878$85,649$74,758$65,103$56,580$29,339
14 years$89,951$77,853$67,170$57,791$49,598$24,188
15 years$83,088$71,120$60,646$51,539$43,670$20,005
16 years$77,089$65,251$54,984$46,148$38,596$16,589
17 years$71,800$60,094$50,034$41,463$34,221$13,785
18 years$67,105$55,529$45,674$37,367$30,428$11,475
19 years$62,909$51,464$41,813$33,764$27,121$9,566
20 years$59,137$47,823$38,373$30,580$24,225$7,984
21 years$55,729$44,545$35,296$27,753$21,679$6,670
22 years$52,635$41,581$32,531$25,234$19,432$5,577
23 years$49,814$38,890$30,036$22,981$17,443$4,666
24 years$47,232$36,438$27,779$20,960$15,678$3,906
25 years$44,860$34,195$25,729$19,142$14,108$3,272
26 years$42,674$32,138$23,862$17,502$12,708$2,742
27 years$40,654$30,245$22,158$16,020$11,457$2,298
28 years$38,781$28,500$20,599$14,678$10,338$1,927
29 years$37,040$26,886$19,169$13,460$9,335$1,616
30 years$35,419$25,391$17,855$12,353$8,435$1,355
31 years$33,905$24,003$16,646$11,345$7,626$1,137
32 years$32,489$22,712$15,531$10,427$6,898$954
33 years$31,161$21,509$14,501$9,588$6,243$800
34 years$29,914$20,385$13,549$8,822$5,652$672
35 years$28,741$19,335$12,667$8,121$5,119$564
36 years$27,635$18,352$11,850$7,479$4,639$473
37 years$26,592$17,430$11,091$6,891$4,204$397
38 years$25,606$16,565$10,387$6,352$3,811$333
39 years$24,673$15,751$9,731$5,857$3,456$280
40 years$23,789$14,986$9,121$5,402$3,135$235
41 years$22,950$14,266$8,553$4,984$2,844$197
42 years$22,153$13,586$8,023$4,600$2,581$166
43 years$21,395$12,945$7,528$4,246$2,342$139
44 years$20,674$12,339$7,066$3,920$2,126$117
45 years$19,986$11,766$6,635$3,621$1,930$98
46 years$19,331$11,225$6,232$3,344$1,752$82
47 years$18,705$10,712$5,855$3,090$1,591$69
48 years$18,107$10,226$5,502$2,855$1,445$58
49 years$17,536$9,765$5,171$2,639$1,312$49
50 years$16,988$9,328$4,862$2,439$1,192$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,400,000, adding $5,605 every year, while hoping to spend $38,709 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/32/13 Blend
79$17,400,000$17,400,000$17,400,000$17,400,000
80$19,180,582$18,258,382$17,988,682$20,170,753
81$21,095,815$19,111,856$18,550,116$21,697,078
82$23,205,104$20,005,854$19,129,062$23,353,498
83$25,528,203$20,942,319$19,726,064$25,156,193
84$28,086,878$21,923,290$20,341,685$27,119,116
85$30,905,114$22,950,906$20,976,505$29,257,598
86$34,009,341$24,027,406$21,631,124$31,588,492
87$37,428,684$25,155,139$22,306,157$34,130,323
88$41,195,237$26,336,568$23,002,241$36,903,455
89$45,344,367$27,574,276$23,720,031$39,930,278
90$49,915,046$28,870,968$24,460,205$43,235,412
91$54,950,219$30,229,484$25,223,460$46,845,935
92$60,497,210$31,652,797$26,010,515$50,791,623
93$66,608,169$33,144,029$26,822,111$55,105,233
94$73,340,564$34,706,448$27,659,014$59,822,796
95$80,757,722$36,343,484$28,522,011$64,983,951
96$88,929,427$38,058,732$29,411,916$70,632,312
97$97,932,580$39,855,961$30,329,566$76,815,865
98$107,851,924$41,739,124$31,275,827$83,587,416
99$118,780,842$43,712,363$32,251,590$91,005,077
100$130,822,243$45,780,024$33,257,774$99,132,801