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%11.2%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,396,361
2 years$719,501$706,101$693,114$680,522$668,309$661,156
3 years$474,902$461,445$448,491$436,017$424,003$417,005
4 years$352,627$339,211$326,386$314,126$302,402$295,615
5 years$279,281$265,945$253,289$241,279$229,881$223,324
6 years$230,400$217,164$204,695$192,953$181,897$175,578
7 years$195,499$182,374$170,103$158,637$147,931$141,854
8 years$169,334$156,328$144,261$133,077$122,723$116,888
9 years$148,995$136,112$124,252$113,352$103,351$97,756
10 years$132,733$119,976$108,325$97,710$88,060$82,704
11 years$119,437$106,808$95,368$85,037$75,735$70,613
12 years$108,364$95,865$84,637$74,589$65,630$60,739
13 years$99,003$86,634$75,617$65,851$57,231$52,565
14 years$90,985$78,748$67,942$58,455$50,168$45,723
15 years$84,043$71,937$61,343$52,132$44,172$39,941
16 years$77,975$66,001$55,616$46,678$39,039$35,018
17 years$72,626$60,785$50,609$41,940$34,615$30,796
18 years$67,876$56,168$46,199$37,796$30,778$27,156
19 years$63,632$52,056$42,293$34,152$27,433$24,001
20 years$59,817$48,373$38,815$30,932$24,504$21,255
21 years$56,369$45,057$35,702$28,072$21,928$18,856
22 years$53,240$42,059$32,905$25,524$19,655$16,754
23 years$50,386$39,337$30,382$23,245$17,644$14,905
24 years$47,775$36,856$28,098$21,201$15,859$13,277
25 years$45,376$34,588$26,024$19,362$14,270$11,838
26 years$43,165$32,507$24,136$17,704$12,854$10,565
27 years$41,121$30,593$22,413$16,205$11,589$9,437
28 years$39,227$28,828$20,835$14,847$10,457$8,435
29 years$37,466$27,196$19,389$13,615$9,443$7,545
30 years$35,826$25,683$18,060$12,495$8,532$6,752
31 years$34,295$24,279$16,837$11,476$7,714$6,046
32 years$32,862$22,973$15,709$10,547$6,978$5,416
33 years$31,519$21,756$14,668$9,698$6,315$4,853
34 years$30,258$20,620$13,705$8,923$5,717$4,351
35 years$29,071$19,557$12,813$8,214$5,178$3,902
36 years$27,953$18,563$11,986$7,565$4,692$3,500
37 years$26,898$17,630$11,219$6,970$4,252$3,140
38 years$25,900$16,755$10,506$6,425$3,855$2,818
39 years$24,956$15,933$9,843$5,924$3,496$2,530
40 years$24,062$15,159$9,226$5,464$3,171$2,271
41 years$23,213$14,429$8,651$5,041$2,877$2,040
42 years$22,407$13,742$8,115$4,652$2,610$1,832
43 years$21,641$13,093$7,615$4,295$2,369$1,645
44 years$20,911$12,481$7,148$3,966$2,150$1,478
45 years$20,216$11,902$6,711$3,662$1,952$1,328
46 years$19,553$11,354$6,304$3,383$1,772$1,193
47 years$18,920$10,835$5,922$3,125$1,610$1,072
48 years$18,315$10,343$5,565$2,888$1,462$964
49 years$17,737$9,877$5,231$2,669$1,328$866
50 years$17,184$9,435$4,918$2,467$1,206$778

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 $4,273 every year, while hoping to spend $23,803 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: 39/44/17 Blend
79$17,600,000$17,600,000$17,600,000$17,600,000
80$19,399,608$18,466,808$18,194,008$20,057,404
81$21,353,041$19,346,355$18,778,181$21,407,544
82$23,504,928$20,268,202$19,381,126$22,863,857
83$25,875,483$21,234,397$20,003,447$24,438,026
84$28,486,987$22,247,087$20,645,766$26,140,724
85$31,363,988$23,308,523$21,308,728$27,983,656
86$34,533,541$24,421,066$21,992,996$29,979,654
87$38,025,456$25,587,193$22,699,255$32,142,796
88$41,872,585$26,809,498$23,428,214$34,488,521
89$46,111,131$28,090,705$24,180,601$37,033,774
90$50,780,986$29,433,669$24,957,170$39,797,151
91$55,926,111$30,841,384$25,758,700$42,799,063
92$61,594,951$32,316,989$26,585,993$46,061,921
93$67,840,891$33,863,776$27,439,879$49,610,335
94$74,722,759$35,485,198$28,321,212$53,471,332
95$82,305,384$37,184,876$29,230,876$57,674,599
96$90,660,205$38,966,607$30,169,782$62,252,753
97$99,865,947$40,834,372$31,138,872$67,241,632
98$110,009,365$42,792,347$32,139,115$72,680,619
99$121,186,060$44,844,912$33,171,515$78,612,999
100$133,501,383$46,996,658$34,237,106$85,086,351