Can I retire at age 80 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,405,461
2 years$731,765$718,137$704,928$692,122$679,701$657,679
3 years$482,997$469,310$456,135$443,449$431,230$409,783
4 years$358,638$344,993$331,950$319,480$307,557$286,849
5 years$284,042$270,478$257,607$245,392$233,800$213,892
6 years$234,327$220,866$208,184$196,242$184,998$165,912
7 years$198,831$185,483$173,002$161,341$150,453$132,196
8 years$172,221$158,993$146,720$135,345$124,815$107,384
9 years$151,535$138,432$126,370$115,284$105,112$88,498
10 years$134,996$122,021$110,172$99,376$89,561$73,750
11 years$121,473$108,628$96,994$86,487$77,025$62,002
12 years$110,211$97,499$86,079$75,860$66,749$52,495
13 years$100,690$88,110$76,906$66,973$58,206$44,701
14 years$92,536$80,090$69,101$59,452$51,023$38,245
15 years$85,476$73,164$62,388$53,020$44,925$32,851
16 years$79,304$67,126$56,564$47,474$39,705$28,310
17 years$73,864$61,821$51,471$42,655$35,205$24,466
18 years$69,033$57,125$46,987$38,441$31,303$21,193
19 years$64,717$52,943$43,014$34,734$27,901$18,396
20 years$60,836$49,197$39,476$31,459$24,921$15,995
21 years$57,330$45,825$36,310$28,551$22,302$13,928
22 years$54,147$42,776$33,466$25,959$19,990$12,144
23 years$51,245$40,008$30,900$23,642$17,945$10,600
24 years$48,589$37,485$28,577$21,562$16,129$9,262
25 years$46,149$35,177$26,468$19,692$14,514$8,099
26 years$43,900$33,061$24,548$18,005$13,073$7,087
27 years$41,822$31,114$22,795$16,481$11,787$6,206
28 years$39,895$29,319$21,191$15,100$10,635$5,437
29 years$38,105$27,659$19,720$13,847$9,603$4,765
30 years$36,437$26,121$18,368$12,708$8,677$4,179
31 years$34,879$24,693$17,124$11,671$7,845$3,666
32 years$33,422$23,365$15,977$10,726$7,096$3,217
33 years$32,056$22,127$14,918$9,864$6,422$2,823
34 years$30,773$20,971$13,938$9,075$5,815$2,479
35 years$29,567$19,891$13,031$8,354$5,267$2,177
36 years$28,429$18,879$12,191$7,694$4,772$1,912
37 years$27,356$17,931$11,410$7,089$4,325$1,679
38 years$26,342$17,041$10,685$6,534$3,921$1,476
39 years$25,382$16,204$10,011$6,025$3,556$1,297
40 years$24,472$15,417$9,383$5,557$3,225$1,139
41 years$23,609$14,675$8,798$5,127$2,926$1,001
42 years$22,789$13,976$8,253$4,732$2,655$880
43 years$22,010$13,317$7,745$4,368$2,409$774
44 years$21,268$12,694$7,270$4,033$2,187$680
45 years$20,561$12,104$6,826$3,725$1,985$598
46 years$19,886$11,547$6,411$3,441$1,803$526
47 years$19,243$11,020$6,023$3,179$1,637$462
48 years$18,628$10,520$5,660$2,937$1,487$406
49 years$18,039$10,046$5,320$2,714$1,350$357
50 years$17,477$9,596$5,002$2,509$1,226$314

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,900,000, adding $4,028 every year, while hoping to spend $21,289 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: 51/25/24 Blend
79$17,900,000$17,900,000$17,900,000$17,900,000
80$19,729,955$18,781,255$18,503,805$20,603,397
81$21,719,759$19,678,885$19,101,031$22,107,184
82$23,911,810$20,619,786$19,717,551$23,738,885
83$26,326,713$21,606,054$20,353,988$25,512,673
84$28,987,178$22,639,891$21,010,986$27,442,048
85$31,918,227$23,723,602$21,689,211$29,541,843
86$35,147,435$24,859,608$22,389,349$31,828,361
87$38,705,190$26,050,445$23,112,108$34,319,520
88$42,624,975$27,298,773$23,858,220$37,035,020
89$46,943,693$28,607,383$24,628,441$39,996,518
90$51,702,005$29,979,200$25,423,549$43,227,829
91$56,944,722$31,417,293$26,244,350$46,755,140
92$62,721,223$32,924,880$27,091,675$50,607,254
93$69,085,923$34,505,335$27,966,382$54,815,852
94$76,098,788$36,162,197$28,869,356$59,415,783
95$83,825,897$37,899,177$29,801,512$64,445,385
96$92,340,070$39,720,168$30,763,794$69,946,839
97$101,721,552$41,629,251$31,757,176$75,966,558
98$112,058,773$43,630,707$32,782,665$82,555,612
99$123,449,182$45,729,026$33,841,298$89,770,204
100$136,000,166$47,928,915$34,934,149$97,672,190