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%18.5%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,401,474
2 years$744,029$730,172$716,743$703,722$691,092$641,407
3 years$491,092$477,176$463,780$450,882$438,457$390,467
4 years$364,649$350,775$337,513$324,835$312,711$266,783
5 years$288,802$275,012$261,924$249,504$237,718$193,973
6 years$238,255$224,568$211,674$199,531$188,098$146,571
7 years$202,163$188,592$175,902$164,045$152,974$113,658
8 years$175,107$161,658$149,179$137,613$126,907$89,770
9 years$154,074$140,752$128,487$117,216$106,874$71,870
10 years$137,258$124,066$112,018$101,041$91,062$58,134
11 years$123,508$110,449$98,619$87,936$78,316$47,399
12 years$112,059$99,133$87,522$77,132$67,867$38,889
13 years$102,378$89,587$78,195$68,096$59,182$32,067
14 years$94,087$81,432$70,259$60,448$51,878$26,548
15 years$86,908$74,390$63,434$53,909$45,678$22,051
16 years$80,633$68,251$57,512$48,270$40,370$18,365
17 years$75,102$62,857$52,334$43,370$35,795$15,328
18 years$70,190$58,083$47,774$39,085$31,827$12,817
19 years$65,801$53,830$43,735$35,317$28,368$10,733
20 years$61,856$50,022$40,138$31,986$25,339$8,999
21 years$58,291$46,593$36,919$29,029$22,676$7,553
22 years$55,055$43,493$34,027$26,394$20,325$6,345
23 years$52,104$40,678$31,417$24,038$18,245$5,334
24 years$49,403$38,113$29,056$21,924$16,399$4,487
25 years$46,922$35,767$26,912$20,022$14,757$3,776
26 years$44,636$33,615$24,959$18,307$13,292$3,180
27 years$42,523$31,636$23,177$16,757$11,984$2,678
28 years$40,564$29,810$21,546$15,353$10,814$2,256
29 years$38,743$28,123$20,050$14,079$9,764$1,902
30 years$37,047$26,559$18,676$12,921$8,823$1,603
31 years$35,464$25,107$17,411$11,867$7,977$1,351
32 years$33,982$23,756$16,245$10,906$7,215$1,139
33 years$32,594$22,498$15,168$10,029$6,530$961
34 years$31,289$21,323$14,172$9,228$5,912$810
35 years$30,062$20,224$13,250$8,494$5,355$684
36 years$28,906$19,196$12,395$7,823$4,852$577
37 years$27,815$18,231$11,601$7,208$4,397$486
38 years$26,783$17,326$10,864$6,644$3,987$410
39 years$25,807$16,476$10,179$6,126$3,615$346
40 years$24,882$15,675$9,540$5,650$3,279$292
41 years$24,005$14,921$8,946$5,213$2,975$246
42 years$23,171$14,211$8,392$4,811$2,699$208
43 years$22,379$13,540$7,874$4,441$2,450$175
44 years$21,624$12,906$7,391$4,101$2,224$148
45 years$20,905$12,307$6,940$3,787$2,019$125
46 years$20,220$11,741$6,518$3,498$1,833$105
47 years$19,565$11,204$6,124$3,232$1,664$89
48 years$18,940$10,696$5,755$2,986$1,511$75
49 years$18,342$10,214$5,409$2,760$1,373$63
50 years$17,770$9,757$5,085$2,551$1,247$53

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 $6,582 every year, while hoping to spend $20,770 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: 50/28/22 Blend
79$18,200,000$18,200,000$18,200,000$18,200,000
80$20,063,189$19,098,589$18,816,489$20,942,271
81$22,087,536$20,012,321$19,424,743$22,466,448
82$24,317,669$20,970,130$20,052,676$24,119,402
83$26,774,558$21,974,153$20,700,928$25,915,494
84$29,481,309$23,026,632$21,370,155$27,868,264
85$32,463,384$24,129,919$22,061,037$29,992,586
86$35,748,843$25,286,479$22,774,276$32,304,805
87$39,368,607$26,498,898$23,510,595$34,822,881
88$43,356,747$27,769,886$24,270,742$37,566,557
89$47,750,813$29,102,288$25,055,490$40,557,531
90$52,592,181$30,499,086$25,865,634$43,819,659
91$57,926,449$31,963,407$26,701,999$47,379,171
92$63,803,863$33,498,530$27,565,431$51,264,910
93$70,279,794$35,107,894$28,456,810$55,508,594
94$77,415,260$36,795,108$29,377,040$60,145,109
95$85,277,501$38,563,953$30,327,056$65,212,830
96$93,940,617$40,418,398$31,307,823$70,753,968
97$103,486,262$42,362,601$32,320,337$76,814,965
98$114,004,419$44,400,927$33,365,627$83,446,917
99$125,594,249$46,537,952$34,444,755$90,706,047
100$138,365,025$48,778,474$35,558,817$98,654,222