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%13%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,433,158
2 years$744,029$730,172$716,743$703,722$691,092$672,844
3 years$491,092$477,176$463,780$450,882$438,457$420,663
4 years$364,649$350,775$337,513$324,835$312,711$295,509
5 years$288,802$275,012$261,924$249,504$237,718$221,157
6 years$238,255$224,568$211,674$199,531$188,098$172,199
7 years$202,163$188,592$175,902$164,045$152,974$137,742
8 years$175,107$161,658$149,179$137,613$126,907$112,341
9 years$154,074$140,752$128,487$117,216$106,874$92,967
10 years$137,258$124,066$112,018$101,041$91,062$77,806
11 years$123,508$110,449$98,619$87,936$78,316$65,698
12 years$112,059$99,133$87,522$77,132$67,867$55,873
13 years$102,378$89,587$78,195$68,096$59,182$47,796
14 years$94,087$81,432$70,259$60,448$51,878$41,085
15 years$86,908$74,390$63,434$53,909$45,678$35,459
16 years$80,633$68,251$57,512$48,270$40,370$30,707
17 years$75,102$62,857$52,334$43,370$35,795$26,669
18 years$70,190$58,083$47,774$39,085$31,827$23,218
19 years$65,801$53,830$43,735$35,317$28,368$20,257
20 years$61,856$50,022$40,138$31,986$25,339$17,705
21 years$58,291$46,593$36,919$29,029$22,676$15,499
22 years$55,055$43,493$34,027$26,394$20,325$13,586
23 years$52,104$40,678$31,417$24,038$18,245$11,923
24 years$49,403$38,113$29,056$21,924$16,399$10,474
25 years$46,922$35,767$26,912$20,022$14,757$9,209
26 years$44,636$33,615$24,959$18,307$13,292$8,104
27 years$42,523$31,636$23,177$16,757$11,984$7,136
28 years$40,564$29,810$21,546$15,353$10,814$6,287
29 years$38,743$28,123$20,050$14,079$9,764$5,542
30 years$37,047$26,559$18,676$12,921$8,823$4,888
31 years$35,464$25,107$17,411$11,867$7,977$4,313
32 years$33,982$23,756$16,245$10,906$7,215$3,806
33 years$32,594$22,498$15,168$10,029$6,530$3,361
34 years$31,289$21,323$14,172$9,228$5,912$2,968
35 years$30,062$20,224$13,250$8,494$5,355$2,622
36 years$28,906$19,196$12,395$7,823$4,852$2,316
37 years$27,815$18,231$11,601$7,208$4,397$2,047
38 years$26,783$17,326$10,864$6,644$3,987$1,809
39 years$25,807$16,476$10,179$6,126$3,615$1,599
40 years$24,882$15,675$9,540$5,650$3,279$1,414
41 years$24,005$14,921$8,946$5,213$2,975$1,250
42 years$23,171$14,211$8,392$4,811$2,699$1,105
43 years$22,379$13,540$7,874$4,441$2,450$978
44 years$21,624$12,906$7,391$4,101$2,224$865
45 years$20,905$12,307$6,940$3,787$2,019$765
46 years$20,220$11,741$6,518$3,498$1,833$676
47 years$19,565$11,204$6,124$3,232$1,664$598
48 years$18,940$10,696$5,755$2,986$1,511$529
49 years$18,342$10,214$5,409$2,760$1,373$468
50 years$17,770$9,757$5,085$2,551$1,247$414

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 $5,513 every year, while hoping to spend $28,508 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: 72/14/14 Blend
79$18,200,000$18,200,000$18,200,000$18,200,000
80$20,062,087$19,097,487$18,815,387$21,444,634
81$22,078,087$20,002,931$19,415,370$23,267,056
82$24,298,764$20,951,787$20,034,497$25,258,042
83$26,744,965$21,946,151$20,673,379$27,437,511
84$29,439,661$22,988,223$21,332,648$29,824,105
85$32,408,168$24,080,307$22,012,953$32,438,344
86$35,678,381$25,224,822$22,714,966$35,302,811
87$39,281,040$26,424,302$23,439,382$38,442,371
88$43,250,020$27,681,406$24,186,914$41,884,394
89$47,622,648$28,998,921$24,958,302$45,659,016
90$52,440,059$30,379,770$25,754,306$49,799,412
91$57,747,583$31,827,017$26,575,714$54,342,114
92$63,595,172$33,343,876$27,423,336$59,327,344
93$70,037,872$34,933,718$28,298,009$64,799,394
94$77,136,340$36,600,075$29,200,598$70,807,037
95$84,957,422$38,346,654$30,131,993$77,403,984
96$93,574,779$40,177,341$31,093,115$84,649,385
97$103,069,586$42,096,209$32,084,914$92,608,382
98$113,531,293$44,107,533$33,108,368$101,352,719
99$125,058,476$46,215,793$34,164,489$110,961,413
100$137,759,761$48,425,688$35,254,320$121,521,496