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

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 $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%11.9%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,423,914
2 years$735,853$722,148$708,867$695,989$683,498$671,974
3 years$485,696$471,932$458,684$445,927$433,639$422,381
4 years$360,642$346,920$333,804$321,265$309,275$298,369
5 years$285,629$271,990$259,046$246,762$235,106$224,584
6 years$235,636$222,100$209,347$197,338$186,031$175,906
7 years$199,942$186,519$173,969$162,242$151,293$141,570
8 years$173,183$159,881$147,539$136,101$125,512$116,191
9 years$152,381$139,205$127,076$115,928$105,700$96,778
10 years$135,750$122,703$110,787$99,931$90,061$81,534
11 years$122,151$109,235$97,535$86,970$77,456$69,316
12 years$110,827$98,044$86,560$76,284$67,122$59,362
13 years$101,253$88,603$77,336$67,348$58,531$51,144
14 years$93,053$80,537$69,487$59,784$51,308$44,284
15 years$85,953$73,572$62,737$53,317$45,176$38,504
16 years$79,747$67,501$56,880$47,739$39,926$33,598
17 years$74,276$62,166$51,759$42,893$35,402$29,405
18 years$69,419$57,444$47,249$38,655$31,477$25,801
19 years$65,078$53,239$43,254$34,929$28,057$22,690
20 years$61,176$49,472$39,697$31,634$25,061$19,992
21 years$57,651$46,081$36,513$28,710$22,426$17,645
22 years$54,450$43,015$33,653$26,104$20,102$15,596
23 years$51,531$40,231$31,072$23,774$18,045$13,802
24 years$48,860$37,694$28,737$21,683$16,219$12,228
25 years$46,407$35,374$26,616$19,802$14,595$10,845
26 years$44,146$33,246$24,685$18,106$13,146$9,626
27 years$42,055$31,288$22,922$16,573$11,853$8,551
28 years$40,118$29,483$21,309$15,184$10,695$7,601
29 years$38,318$27,814$19,830$13,924$9,657$6,760
30 years$36,640$26,267$18,471$12,779$8,726$6,016
31 years$35,074$24,831$17,220$11,737$7,889$5,356
32 years$33,609$23,495$16,066$10,786$7,136$4,770
33 years$32,235$22,250$15,001$9,919$6,458$4,250
34 years$30,945$21,088$14,016$9,126$5,847$3,788
35 years$29,732$20,002$13,104$8,401$5,296$3,377
36 years$28,588$18,985$12,259$7,737$4,798$3,012
37 years$27,509$18,031$11,474$7,129$4,349$2,686
38 years$26,489$17,136$10,745$6,571$3,943$2,397
39 years$25,524$16,295$10,067$6,059$3,575$2,138
40 years$24,609$15,503$9,436$5,588$3,243$1,908
41 years$23,741$14,757$8,848$5,156$2,942$1,703
42 years$22,917$14,054$8,299$4,758$2,670$1,521
43 years$22,133$13,391$7,788$4,392$2,423$1,358
44 years$21,387$12,764$7,310$4,056$2,199$1,212
45 years$20,676$12,172$6,864$3,745$1,997$1,083
46 years$19,997$11,612$6,447$3,460$1,813$967
47 years$19,350$11,081$6,057$3,196$1,646$863
48 years$18,732$10,578$5,692$2,954$1,495$771
49 years$18,140$10,102$5,350$2,730$1,358$689
50 years$17,574$9,650$5,030$2,523$1,233$615

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 $3,646 every year, while hoping to spend $54,373 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: 30/48/22 Blend
79$18,000,000$18,000,000$18,000,000$18,000,000
80$19,839,761$18,885,761$18,606,761$20,298,771
81$21,805,564$19,753,311$19,172,235$21,517,855
82$23,970,057$20,661,548$19,754,830$22,823,329
83$26,353,448$21,612,409$20,355,062$24,226,646
84$28,978,006$22,607,924$20,973,463$25,736,311
85$31,868,269$23,650,219$21,610,581$27,361,633
86$35,051,276$24,741,523$22,266,979$29,112,800
87$38,556,822$25,884,173$22,943,238$31,000,973
88$42,417,738$27,080,617$23,639,956$33,038,373
89$46,670,203$28,333,424$24,357,751$35,238,396
90$51,354,084$29,645,282$25,097,256$37,615,718
91$56,513,312$31,019,012$25,859,126$40,186,434
92$62,196,296$32,457,570$26,644,033$42,968,189
93$68,456,382$33,964,054$27,452,671$45,980,336
94$75,352,352$35,541,712$28,285,755$49,244,106
95$82,948,984$37,193,948$29,144,019$52,782,798
96$91,317,659$38,924,330$30,028,223$56,621,978
97$100,537,037$40,736,599$30,939,145$60,789,713
98$110,693,798$42,634,676$31,877,590$65,316,816
99$121,883,462$44,622,671$32,844,385$70,237,125
100$134,211,286$46,704,894$33,840,384$75,587,800