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

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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%15.5%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,371,750
2 years$719,501$706,101$693,114$680,522$668,309$636,543
3 years$474,902$461,445$448,491$436,017$424,003$393,161
4 years$352,627$339,211$326,386$314,126$302,402$272,723
5 years$279,281$265,945$253,289$241,279$229,881$201,448
6 years$230,400$217,164$204,695$192,953$181,897$154,739
7 years$195,499$182,374$170,103$158,637$147,931$122,053
8 years$169,334$156,328$144,261$133,077$122,723$98,115
9 years$148,995$136,112$124,252$113,352$103,351$79,994
10 years$132,733$119,976$108,325$97,710$88,060$65,930
11 years$119,437$106,808$95,368$85,037$75,735$54,802
12 years$108,364$95,865$84,637$74,589$65,630$45,861
13 years$99,003$86,634$75,617$65,851$57,231$38,590
14 years$90,985$78,748$67,942$58,455$50,168$32,617
15 years$84,043$71,937$61,343$52,132$44,172$27,670
16 years$77,975$66,001$55,616$46,678$39,039$23,545
17 years$72,626$60,785$50,609$41,940$34,615$20,087
18 years$67,876$56,168$46,199$37,796$30,778$17,174
19 years$63,632$52,056$42,293$34,152$27,433$14,710
20 years$59,817$48,373$38,815$30,932$24,504$12,618
21 years$56,369$45,057$35,702$28,072$21,928$10,839
22 years$53,240$42,059$32,905$25,524$19,655$9,320
23 years$50,386$39,337$30,382$23,245$17,644$8,022
24 years$47,775$36,856$28,098$21,201$15,859$6,911
25 years$45,376$34,588$26,024$19,362$14,270$5,957
26 years$43,165$32,507$24,136$17,704$12,854$5,139
27 years$41,121$30,593$22,413$16,205$11,589$4,435
28 years$39,227$28,828$20,835$14,847$10,457$3,829
29 years$37,466$27,196$19,389$13,615$9,443$3,307
30 years$35,826$25,683$18,060$12,495$8,532$2,857
31 years$34,295$24,279$16,837$11,476$7,714$2,469
32 years$32,862$22,973$15,709$10,547$6,978$2,135
33 years$31,519$21,756$14,668$9,698$6,315$1,846
34 years$30,258$20,620$13,705$8,923$5,717$1,596
35 years$29,071$19,557$12,813$8,214$5,178$1,381
36 years$27,953$18,563$11,986$7,565$4,692$1,194
37 years$26,898$17,630$11,219$6,970$4,252$1,033
38 years$25,900$16,755$10,506$6,425$3,855$894
39 years$24,956$15,933$9,843$5,924$3,496$774
40 years$24,062$15,159$9,226$5,464$3,171$669
41 years$23,213$14,429$8,651$5,041$2,877$579
42 years$22,407$13,742$8,115$4,652$2,610$501
43 years$21,641$13,093$7,615$4,295$2,369$434
44 years$20,911$12,481$7,148$3,966$2,150$376
45 years$20,216$11,902$6,711$3,662$1,952$325
46 years$19,553$11,354$6,304$3,383$1,772$281
47 years$18,920$10,835$5,922$3,125$1,610$244
48 years$18,315$10,343$5,565$2,888$1,462$211
49 years$17,737$9,877$5,231$2,669$1,328$183
50 years$17,184$9,435$4,918$2,467$1,206$158

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 $3,706 every year, while hoping to spend $34,761 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: 52/40/8 Blend
79$17,600,000$17,600,000$17,600,000$17,600,000
80$19,399,023$18,466,223$18,193,423$20,368,787
81$21,340,738$19,334,082$18,765,917$21,896,029
82$23,479,342$20,243,302$19,356,425$23,551,954
83$25,834,883$21,195,871$19,965,513$25,351,922
84$28,429,449$22,193,877$20,593,766$27,309,512
85$31,287,383$23,239,507$21,241,786$29,439,643
86$34,435,506$24,335,053$21,910,197$31,758,699
87$37,903,378$25,482,921$22,599,639$34,284,679
88$41,723,570$26,685,631$23,310,773$37,037,361
89$45,931,973$27,945,826$24,044,283$40,038,478
90$50,568,141$29,266,278$24,800,873$43,311,916
91$55,675,657$30,649,892$25,581,268$46,883,931
92$61,302,551$32,099,714$26,386,218$50,783,385
93$67,501,750$33,618,938$27,216,495$55,042,011
94$74,331,577$35,210,915$28,072,896$59,694,703
95$81,856,303$36,879,154$28,956,243$64,779,831
96$90,146,752$38,627,339$29,867,383$70,339,597
97$99,280,971$40,459,330$30,807,192$76,420,417
98$109,344,968$42,379,174$31,776,570$83,073,349
99$120,433,518$44,391,117$32,776,449$90,354,562
100$132,651,065$46,499,610$33,807,788$98,325,852