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%18.1%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,411,426
2 years$748,117$734,184$720,681$707,589$694,889$647,146
3 years$493,791$479,798$466,328$453,359$440,866$394,720
4 years$366,652$352,702$339,368$326,620$314,430$270,234
5 years$290,389$276,523$263,363$250,875$239,024$196,897
6 years$239,564$225,802$212,837$200,627$189,132$149,108
7 years$203,274$189,628$176,868$164,946$153,815$115,889
8 years$176,069$162,546$149,998$138,369$127,604$91,749
9 years$154,921$141,526$129,193$117,860$107,461$73,635
10 years$138,012$124,748$112,634$101,597$91,562$59,712
11 years$124,187$111,056$99,161$88,419$78,747$48,812
12 years$112,674$99,678$88,003$77,556$68,240$40,155
13 years$102,940$90,079$78,625$68,470$59,507$33,201
14 years$94,604$81,880$70,645$60,780$52,163$27,564
15 years$87,386$74,799$63,783$54,205$45,929$22,960
16 years$81,076$68,626$57,828$48,535$40,592$19,177
17 years$75,514$63,202$52,621$43,608$35,992$16,053
18 years$70,576$58,402$48,037$39,300$32,002$13,463
19 years$66,163$54,126$43,975$35,511$28,524$11,308
20 years$62,196$50,297$40,358$32,162$25,478$9,511
21 years$58,611$46,849$37,122$29,189$22,800$8,007
22 years$55,357$43,732$34,214$26,539$20,437$6,748
23 years$52,390$40,902$31,590$24,170$18,346$5,691
24 years$49,675$38,322$29,216$22,044$16,489$4,802
25 years$47,180$35,964$27,059$20,132$14,838$4,054
26 years$44,881$33,800$25,096$18,408$13,365$3,425
27 years$42,756$31,810$23,304$16,849$12,050$2,894
28 years$40,787$29,974$21,664$15,437$10,873$2,446
29 years$38,956$28,277$20,160$14,156$9,818$2,068
30 years$37,251$26,705$18,779$12,992$8,871$1,749
31 years$35,659$25,245$17,507$11,932$8,020$1,479
32 years$34,169$23,887$16,334$10,966$7,255$1,252
33 years$32,773$22,621$15,251$10,084$6,566$1,059
34 years$31,461$21,440$14,250$9,278$5,945$896
35 years$30,227$20,335$13,323$8,541$5,384$758
36 years$29,065$19,301$12,463$7,866$4,878$642
37 years$27,967$18,332$11,665$7,248$4,421$543
38 years$26,930$17,422$10,924$6,680$4,008$460
39 years$25,949$16,566$10,235$6,160$3,635$389
40 years$25,019$15,761$9,593$5,681$3,297$330
41 years$24,137$15,003$8,995$5,242$2,991$279
42 years$23,299$14,289$8,438$4,838$2,714$236
43 years$22,502$13,614$7,918$4,466$2,463$200
44 years$21,743$12,977$7,432$4,123$2,236$169
45 years$21,020$12,375$6,978$3,808$2,030$143
46 years$20,331$11,805$6,554$3,517$1,843$121
47 years$19,673$11,266$6,158$3,250$1,674$103
48 years$19,044$10,755$5,786$3,003$1,520$87
49 years$18,443$10,270$5,439$2,775$1,380$74
50 years$17,867$9,810$5,113$2,565$1,254$62

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 $6,648 every year, while hoping to spend $59,571 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: 53/32/15 Blend
79$18,300,000$18,300,000$18,300,000$18,300,000
80$20,173,457$19,203,557$18,919,907$21,161,306
81$22,167,767$20,081,149$19,490,341$22,714,375
82$24,363,500$20,999,745$20,077,888$24,396,403
83$26,781,137$21,961,294$20,683,058$26,225,191
84$29,443,250$22,967,834$21,306,377$28,214,689
85$32,374,707$24,021,503$21,948,386$30,380,223
86$35,602,912$25,124,541$22,609,642$32,738,636
87$39,158,063$26,279,298$23,290,719$35,308,444
88$43,073,434$27,488,232$23,992,206$38,109,999
89$47,385,692$28,753,923$24,714,713$41,165,676
90$52,135,242$30,079,075$25,458,865$44,500,078
91$57,366,606$31,466,519$26,225,307$48,140,261
92$63,128,847$32,919,226$27,014,702$52,115,980
93$69,476,028$34,440,307$27,827,734$56,459,961
94$76,467,725$36,033,024$28,665,105$61,208,205
95$84,169,587$37,700,796$29,527,540$66,400,315
96$92,653,957$39,447,207$30,415,784$72,079,862
97$102,000,554$41,276,013$31,330,606$78,294,786
98$112,297,223$43,191,151$32,272,795$85,097,840
99$123,640,771$45,196,748$33,243,164$92,547,076
100$136,137,871$47,297,130$34,242,551$100,706,379