Can I retire at age 80 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,372,868
2 years$719,501$706,101$693,114$680,522$668,309$637,654
3 years$474,902$461,445$448,491$436,017$424,003$394,229
4 years$352,627$339,211$326,386$314,126$302,402$273,740
5 years$279,281$265,945$253,289$241,279$229,881$202,412
6 years$230,400$217,164$204,695$192,953$181,897$155,649
7 years$195,499$182,374$170,103$158,637$147,931$122,909
8 years$169,334$156,328$144,261$133,077$122,723$98,919
9 years$148,995$136,112$124,252$113,352$103,351$80,746
10 years$132,733$119,976$108,325$97,710$88,060$66,633
11 years$119,437$106,808$95,368$85,037$75,735$55,456
12 years$108,364$95,865$84,637$74,589$65,630$46,469
13 years$99,003$86,634$75,617$65,851$57,231$39,154
14 years$90,985$78,748$67,942$58,455$50,168$33,138
15 years$84,043$71,937$61,343$52,132$44,172$28,152
16 years$77,975$66,001$55,616$46,678$39,039$23,989
17 years$72,626$60,785$50,609$41,940$34,615$20,495
18 years$67,876$56,168$46,199$37,796$30,778$17,548
19 years$63,632$52,056$42,293$34,152$27,433$15,053
20 years$59,817$48,373$38,815$30,932$24,504$12,932
21 years$56,369$45,057$35,702$28,072$21,928$11,125
22 years$53,240$42,059$32,905$25,524$19,655$9,582
23 years$50,386$39,337$30,382$23,245$17,644$8,260
24 years$47,775$36,856$28,098$21,201$15,859$7,127
25 years$45,376$34,588$26,024$19,362$14,270$6,154
26 years$43,165$32,507$24,136$17,704$12,854$5,316
27 years$41,121$30,593$22,413$16,205$11,589$4,595
28 years$39,227$28,828$20,835$14,847$10,457$3,974
29 years$37,466$27,196$19,389$13,615$9,443$3,438
30 years$35,826$25,683$18,060$12,495$8,532$2,975
31 years$34,295$24,279$16,837$11,476$7,714$2,576
32 years$32,862$22,973$15,709$10,547$6,978$2,230
33 years$31,519$21,756$14,668$9,698$6,315$1,932
34 years$30,258$20,620$13,705$8,923$5,717$1,673
35 years$29,071$19,557$12,813$8,214$5,178$1,450
36 years$27,953$18,563$11,986$7,565$4,692$1,256
37 years$26,898$17,630$11,219$6,970$4,252$1,089
38 years$25,900$16,755$10,506$6,425$3,855$944
39 years$24,956$15,933$9,843$5,924$3,496$818
40 years$24,062$15,159$9,226$5,464$3,171$709
41 years$23,213$14,429$8,651$5,041$2,877$615
42 years$22,407$13,742$8,115$4,652$2,610$533
43 years$21,641$13,093$7,615$4,295$2,369$462
44 years$20,911$12,481$7,148$3,966$2,150$401
45 years$20,216$11,902$6,711$3,662$1,952$347
46 years$19,553$11,354$6,304$3,383$1,772$301
47 years$18,920$10,835$5,922$3,125$1,610$261
48 years$18,315$10,343$5,565$2,888$1,462$226
49 years$17,737$9,877$5,231$2,669$1,328$196
50 years$17,184$9,435$4,918$2,467$1,206$170

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,600,000, adding $6,514 every year, while hoping to spend $31,674 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: 42/37/21 Blend
79$17,600,000$17,600,000$17,600,000$17,600,000
80$19,401,919$18,469,119$18,196,319$20,097,185
81$21,347,214$19,340,405$18,772,195$21,463,451
82$23,489,867$20,253,323$19,366,301$22,938,501
83$25,849,976$21,209,878$19,979,215$24,535,220
84$28,449,687$22,212,175$20,611,531$26,264,804
85$31,313,403$23,262,419$21,263,866$28,139,536
86$34,468,016$24,362,924$21,936,851$30,172,899
87$37,943,160$25,516,114$22,631,142$32,379,692
88$41,771,490$26,724,531$23,347,413$34,776,162
89$45,988,991$27,990,842$24,086,360$37,380,151
90$50,635,317$29,317,841$24,848,702$40,211,252
91$55,754,164$30,708,461$25,635,178$43,290,988
92$61,393,686$32,165,772$26,446,554$46,643,006
93$67,606,946$33,692,999$27,283,618$50,293,288
94$74,452,418$35,293,520$28,147,183$54,270,385
95$81,994,540$36,970,878$29,038,088$58,605,679
96$90,304,320$38,728,787$29,957,201$63,333,666
97$99,460,006$40,571,144$30,905,413$68,492,268
98$109,547,829$42,502,032$31,883,647$74,123,181
99$120,662,812$44,525,736$32,892,853$80,272,255
100$132,909,667$46,646,745$33,934,012$86,989,911