Can I retire at age 80 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,399,244
2 years$744,029$730,172$716,743$703,722$691,092$639,216
3 years$491,092$477,176$463,780$450,882$438,457$388,385
4 years$364,649$350,775$337,513$324,835$312,711$264,826
5 years$288,802$275,012$261,924$249,504$237,718$192,145
6 years$238,255$224,568$211,674$199,531$188,098$144,870
7 years$202,163$188,592$175,902$164,045$152,974$112,082
8 years$175,107$161,658$149,179$137,613$126,907$88,316
9 years$154,074$140,752$128,487$117,216$106,874$70,534
10 years$137,258$124,066$112,018$101,041$91,062$56,909
11 years$123,508$110,449$98,619$87,936$78,316$46,280
12 years$112,059$99,133$87,522$77,132$67,867$37,870
13 years$102,378$89,587$78,195$68,096$59,182$31,141
14 years$94,087$81,432$70,259$60,448$51,878$25,710
15 years$86,908$74,390$63,434$53,909$45,678$21,294
16 years$80,633$68,251$57,512$48,270$40,370$17,683
17 years$75,102$62,857$52,334$43,370$35,795$14,716
18 years$70,190$58,083$47,774$39,085$31,827$12,268
19 years$65,801$53,830$43,735$35,317$28,368$10,242
20 years$61,856$50,022$40,138$31,986$25,339$8,562
21 years$58,291$46,593$36,919$29,029$22,676$7,164
22 years$55,055$43,493$34,027$26,394$20,325$5,999
23 years$52,104$40,678$31,417$24,038$18,245$5,027
24 years$49,403$38,113$29,056$21,924$16,399$4,216
25 years$46,922$35,767$26,912$20,022$14,757$3,537
26 years$44,636$33,615$24,959$18,307$13,292$2,968
27 years$42,523$31,636$23,177$16,757$11,984$2,492
28 years$40,564$29,810$21,546$15,353$10,814$2,093
29 years$38,743$28,123$20,050$14,079$9,764$1,758
30 years$37,047$26,559$18,676$12,921$8,823$1,477
31 years$35,464$25,107$17,411$11,867$7,977$1,241
32 years$33,982$23,756$16,245$10,906$7,215$1,043
33 years$32,594$22,498$15,168$10,029$6,530$877
34 years$31,289$21,323$14,172$9,228$5,912$737
35 years$30,062$20,224$13,250$8,494$5,355$619
36 years$28,906$19,196$12,395$7,823$4,852$521
37 years$27,815$18,231$11,601$7,208$4,397$438
38 years$26,783$17,326$10,864$6,644$3,987$368
39 years$25,807$16,476$10,179$6,126$3,615$310
40 years$24,882$15,675$9,540$5,650$3,279$260
41 years$24,005$14,921$8,946$5,213$2,975$219
42 years$23,171$14,211$8,392$4,811$2,699$184
43 years$22,379$13,540$7,874$4,441$2,450$155
44 years$21,624$12,906$7,391$4,101$2,224$130
45 years$20,905$12,307$6,940$3,787$2,019$109
46 years$20,220$11,741$6,518$3,498$1,833$92
47 years$19,565$11,204$6,124$3,232$1,664$77
48 years$18,940$10,696$5,755$2,986$1,511$65
49 years$18,342$10,214$5,409$2,760$1,373$55
50 years$17,770$9,757$5,085$2,551$1,247$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,200,000, adding $3,946 every year, while hoping to spend $51,990 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: 24/50/26 Blend
79$18,200,000$18,200,000$18,200,000$18,200,000
80$20,060,470$19,095,870$18,813,770$20,376,591
81$22,051,321$19,976,251$19,388,715$21,522,810
82$24,243,497$20,898,028$19,981,177$22,745,369
83$26,657,476$21,863,174$20,591,690$24,054,193
84$29,315,828$22,873,759$21,220,801$25,456,481
85$32,243,420$23,931,950$21,869,074$26,960,099
86$35,467,653$25,040,020$22,537,092$28,573,644
87$39,018,723$26,200,350$23,225,454$30,306,511
88$42,929,903$27,415,438$23,934,778$32,168,977
89$47,237,858$28,687,900$24,665,698$34,172,282
90$51,982,992$30,020,479$25,418,872$36,328,727
91$57,209,826$31,416,052$26,194,973$38,651,777
92$62,967,422$32,877,631$26,994,697$41,156,175
93$69,309,840$34,408,377$27,818,761$43,858,070
94$76,296,658$36,011,601$28,667,903$46,775,153
95$83,993,523$37,690,776$29,542,884$49,926,814
96$92,472,778$39,449,540$30,444,487$53,334,304
97$101,814,143$41,291,709$31,373,519$57,020,925
98$112,105,465$43,221,282$32,330,811$61,012,234
99$123,443,550$45,242,452$33,317,220$65,336,263
100$135,935,074$47,359,614$34,333,629$70,023,768