Can I retire at age 80 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,414,480
2 years$735,853$722,148$708,867$695,989$683,498$662,520
3 years$485,696$471,932$458,684$445,927$433,639$413,201
4 years$360,642$346,920$333,804$321,265$309,275$289,534
5 years$285,629$271,990$259,046$246,762$235,106$216,120
6 years$235,636$222,100$209,347$197,338$186,031$167,822
7 years$199,942$186,519$173,969$162,242$151,293$133,867
8 years$173,183$159,881$147,539$136,101$125,512$108,867
9 years$152,381$139,205$127,076$115,928$105,700$89,827
10 years$135,750$122,703$110,787$99,931$90,061$74,949
11 years$122,151$109,235$97,535$86,970$77,456$63,089
12 years$110,827$98,044$86,560$76,284$67,122$53,483
13 years$101,253$88,603$77,336$67,348$58,531$45,603
14 years$93,053$80,537$69,487$59,784$51,308$39,069
15 years$85,953$73,572$62,737$53,317$45,176$33,604
16 years$79,747$67,501$56,880$47,739$39,926$29,000
17 years$74,276$62,166$51,759$42,893$35,402$25,097
18 years$69,419$57,444$47,249$38,655$31,477$21,772
19 years$65,078$53,239$43,254$34,929$28,057$18,926
20 years$61,176$49,472$39,697$31,634$25,061$16,480
21 years$57,651$46,081$36,513$28,710$22,426$14,373
22 years$54,450$43,015$33,653$26,104$20,102$12,551
23 years$51,531$40,231$31,072$23,774$18,045$10,972
24 years$48,860$37,694$28,737$21,683$16,219$9,601
25 years$46,407$35,374$26,616$19,802$14,595$8,409
26 years$44,146$33,246$24,685$18,106$13,146$7,370
27 years$42,055$31,288$22,922$16,573$11,853$6,464
28 years$40,118$29,483$21,309$15,184$10,695$5,672
29 years$38,318$27,814$19,830$13,924$9,657$4,980
30 years$36,640$26,267$18,471$12,779$8,726$4,374
31 years$35,074$24,831$17,220$11,737$7,889$3,843
32 years$33,609$23,495$16,066$10,786$7,136$3,378
33 years$32,235$22,250$15,001$9,919$6,458$2,970
34 years$30,945$21,088$14,016$9,126$5,847$2,612
35 years$29,732$20,002$13,104$8,401$5,296$2,298
36 years$28,588$18,985$12,259$7,737$4,798$2,021
37 years$27,509$18,031$11,474$7,129$4,349$1,779
38 years$26,489$17,136$10,745$6,571$3,943$1,565
39 years$25,524$16,295$10,067$6,059$3,575$1,378
40 years$24,609$15,503$9,436$5,588$3,243$1,213
41 years$23,741$14,757$8,848$5,156$2,942$1,068
42 years$22,917$14,054$8,299$4,758$2,670$940
43 years$22,133$13,391$7,788$4,392$2,423$828
44 years$21,387$12,764$7,310$4,056$2,199$729
45 years$20,676$12,172$6,864$3,745$1,997$642
46 years$19,997$11,612$6,447$3,460$1,813$565
47 years$19,350$11,081$6,057$3,196$1,646$498
48 years$18,732$10,578$5,692$2,954$1,495$439
49 years$18,140$10,102$5,350$2,730$1,358$386
50 years$17,574$9,650$5,030$2,523$1,233$340

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,000,000, adding $2,520 every year, while hoping to spend $34,973 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: 68/6/26 Blend
79$18,000,000$18,000,000$18,000,000$18,000,000
80$19,838,599$18,884,599$18,605,599$21,054,150
81$21,824,926$19,772,734$19,191,676$22,759,232
82$24,012,685$20,703,215$19,796,214$24,619,756
83$26,422,386$21,678,080$20,419,795$26,654,508
84$29,076,630$22,699,466$21,063,019$28,880,720
85$32,000,321$23,769,614$21,726,504$31,317,362
86$35,220,901$24,890,873$22,410,889$33,985,316
87$38,768,611$26,065,704$23,116,832$36,907,577
88$42,676,776$27,296,690$23,845,013$40,109,461
89$46,982,118$28,586,538$24,596,131$43,618,846
90$51,725,102$29,938,086$25,370,909$47,466,427
91$56,950,320$31,354,311$26,170,093$51,686,009
92$62,706,913$32,838,333$26,994,451$56,314,816
93$69,049,030$34,393,422$27,844,777$61,393,847
94$76,036,341$36,023,011$28,721,888$66,968,251
95$83,734,605$37,730,695$29,626,628$73,087,758
96$92,216,282$39,520,246$30,559,867$79,807,139
97$101,561,223$41,395,618$31,522,503$87,186,721
98$111,857,423$43,360,959$32,515,462$95,292,954
99$123,201,850$45,420,616$33,539,699$104,199,032
100$135,701,359$47,579,147$34,596,200$113,985,581