Can I retire at age 80 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,439,244
2 years$748,117$734,184$720,681$707,589$694,889$674,751
3 years$493,791$479,798$466,328$453,359$440,866$421,239
4 years$366,652$352,702$339,368$326,620$314,430$295,465
5 years$290,389$276,523$263,363$250,875$239,024$220,778
6 years$239,564$225,802$212,837$200,627$189,132$171,625
7 years$203,274$189,628$176,868$164,946$153,815$137,054
8 years$176,069$162,546$149,998$138,369$127,604$111,587
9 years$154,921$141,526$129,193$117,860$107,461$92,180
10 years$138,012$124,748$112,634$101,597$91,562$77,006
11 years$124,187$111,056$99,161$88,419$78,747$64,902
12 years$112,674$99,678$88,003$77,556$68,240$55,090
13 years$102,940$90,079$78,625$68,470$59,507$47,034
14 years$94,604$81,880$70,645$60,780$52,163$40,349
15 years$87,386$74,799$63,783$54,205$45,929$34,753
16 years$81,076$68,626$57,828$48,535$40,592$30,033
17 years$75,514$63,202$52,621$43,608$35,992$26,028
18 years$70,576$58,402$48,037$39,300$32,002$22,612
19 years$66,163$54,126$43,975$35,511$28,524$19,685
20 years$62,196$50,297$40,358$32,162$25,478$17,167
21 years$58,611$46,849$37,122$29,189$22,800$14,994
22 years$55,357$43,732$34,214$26,539$20,437$13,113
23 years$52,390$40,902$31,590$24,170$18,346$11,481
24 years$49,675$38,322$29,216$22,044$16,489$10,063
25 years$47,180$35,964$27,059$20,132$14,838$8,827
26 years$44,881$33,800$25,096$18,408$13,365$7,749
27 years$42,756$31,810$23,304$16,849$12,050$6,807
28 years$40,787$29,974$21,664$15,437$10,873$5,983
29 years$38,956$28,277$20,160$14,156$9,818$5,261
30 years$37,251$26,705$18,779$12,992$8,871$4,629
31 years$35,659$25,245$17,507$11,932$8,020$4,074
32 years$34,169$23,887$16,334$10,966$7,255$3,587
33 years$32,773$22,621$15,251$10,084$6,566$3,159
34 years$31,461$21,440$14,250$9,278$5,945$2,783
35 years$30,227$20,335$13,323$8,541$5,384$2,452
36 years$29,065$19,301$12,463$7,866$4,878$2,161
37 years$27,967$18,332$11,665$7,248$4,421$1,904
38 years$26,930$17,422$10,924$6,680$4,008$1,679
39 years$25,949$16,566$10,235$6,160$3,635$1,480
40 years$25,019$15,761$9,593$5,681$3,297$1,305
41 years$24,137$15,003$8,995$5,242$2,991$1,151
42 years$23,299$14,289$8,438$4,838$2,714$1,015
43 years$22,502$13,614$7,918$4,466$2,463$896
44 years$21,743$12,977$7,432$4,123$2,236$790
45 years$21,020$12,375$6,978$3,808$2,030$697
46 years$20,331$11,805$6,554$3,517$1,843$615
47 years$19,673$11,266$6,158$3,250$1,674$543
48 years$19,044$10,755$5,786$3,003$1,520$479
49 years$18,443$10,270$5,439$2,775$1,380$422
50 years$17,867$9,810$5,113$2,565$1,254$373

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,300,000, adding $3,135 every year, while hoping to spend $56,914 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: 33/45/22 Blend
79$18,300,000$18,300,000$18,300,000$18,300,000
80$20,169,834$19,199,934$18,916,284$20,699,082
81$22,166,601$20,080,174$19,489,423$21,975,082
82$24,365,130$21,001,639$20,079,855$23,343,944
83$26,785,943$21,966,289$20,688,099$24,818,080
84$29,451,648$22,976,176$21,314,690$26,406,804
85$32,387,162$24,033,454$21,960,178$28,120,317
86$35,619,939$25,140,380$22,625,130$29,969,800
87$39,180,231$26,299,317$23,310,131$31,967,501
88$43,101,376$27,512,745$24,015,781$34,126,852
89$47,420,107$28,783,261$24,742,701$36,462,578
90$52,176,905$30,113,587$25,491,528$38,990,830
91$57,416,374$31,506,577$26,262,919$41,729,327
92$63,187,667$32,965,223$27,057,550$44,697,509
93$69,544,950$34,492,660$27,876,119$47,916,712
94$76,547,908$36,092,173$28,719,342$51,410,356
95$84,262,313$37,767,208$29,587,958$55,204,154
96$92,760,642$39,521,375$30,482,728$59,326,340
97$102,122,764$41,358,458$31,404,435$63,807,925
98$112,436,689$43,282,425$32,353,887$68,682,970
99$123,799,402$45,297,436$33,331,914$73,988,898
100$136,317,779$47,407,848$34,339,370$79,766,827