Can I retire at age 80 with 18,500,000?

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 $18,500,000?

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%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,456,178
2 years$756,293$742,208$728,557$715,322$702,484$683,331
3 years$499,187$485,041$471,425$458,314$445,685$427,012
4 years$370,659$356,557$343,077$330,189$317,866$299,817
5 years$293,563$279,545$266,242$253,617$241,637$224,264
6 years$242,182$228,269$215,163$202,820$191,199$174,523
7 years$205,496$191,700$178,801$166,749$155,496$139,524
8 years$177,994$164,322$151,638$139,882$128,999$113,728
9 years$156,614$143,072$130,605$119,148$108,636$94,060
10 years$139,521$126,111$113,865$102,707$92,563$78,672
11 years$125,544$112,269$100,245$89,386$79,607$66,389
12 years$113,906$100,767$88,965$78,403$68,986$56,425
13 years$104,065$91,064$79,484$69,218$60,157$48,237
14 years$95,638$82,775$71,417$61,444$52,733$41,436
15 years$88,341$75,616$64,480$54,798$46,431$35,737
16 years$81,962$69,376$58,460$49,065$41,036$30,927
17 years$76,340$63,893$53,197$44,085$36,385$26,841
18 years$71,347$59,040$48,562$39,729$32,352$23,351
19 years$66,886$54,718$44,456$35,899$28,836$20,358
20 years$62,876$50,846$40,799$32,513$25,757$17,780
21 years$59,252$47,361$37,528$29,508$23,049$15,553
22 years$55,962$44,210$34,587$26,829$20,660$13,623
23 years$52,963$41,349$31,935$24,434$18,546$11,946
24 years$50,218$38,741$29,535$22,285$16,670$10,486
25 years$47,696$36,357$27,355$20,352$15,000$9,213
26 years$45,372$34,169$25,371$18,609$13,512$8,101
27 years$43,224$32,157$23,559$17,033$12,182$7,127
28 years$41,232$30,302$21,901$15,606$10,992$6,275
29 years$39,382$28,586$20,381$14,311$9,925$5,527
30 years$37,658$26,997$18,984$13,134$8,968$4,870
31 years$36,048$25,521$17,698$12,063$8,108$4,294
32 years$34,543$24,148$16,513$11,086$7,334$3,786
33 years$33,131$22,868$15,418$10,194$6,638$3,340
34 years$31,805$21,674$14,406$9,380$6,010$2,947
35 years$30,558$20,557$13,468$8,635$5,443$2,601
36 years$29,382$19,512$12,599$7,952$4,932$2,296
37 years$28,273$18,532$11,793$7,327$4,470$2,028
38 years$27,225$17,612$11,043$6,753$4,052$1,790
39 years$26,233$16,747$10,346$6,227$3,675$1,581
40 years$25,292$15,934$9,698$5,743$3,333$1,397
41 years$24,400$15,167$9,093$5,299$3,024$1,234
42 years$23,553$14,445$8,530$4,890$2,744$1,090
43 years$22,748$13,763$8,004$4,514$2,490$963
44 years$21,981$13,119$7,513$4,168$2,260$851
45 years$21,250$12,510$7,055$3,850$2,052$752
46 years$20,553$11,934$6,626$3,556$1,863$665
47 years$19,888$11,389$6,225$3,285$1,692$588
48 years$19,252$10,872$5,850$3,036$1,536$519
49 years$18,644$10,382$5,498$2,805$1,395$459
50 years$18,062$9,918$5,169$2,593$1,267$406

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,500,000, adding $3,109 every year, while hoping to spend $58,432 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: 70/14/16 Blend
79$18,500,000$18,500,000$18,500,000$18,500,000
80$20,390,207$19,409,707$19,122,957$21,741,419
81$22,407,837$20,298,611$19,701,405$23,529,482
82$24,629,307$21,229,114$20,297,272$25,478,474
83$27,075,346$22,203,191$20,911,081$27,610,070
84$29,768,798$23,222,914$21,543,369$29,942,285
85$32,734,833$24,290,454$22,194,689$32,494,945
86$36,001,186$25,408,086$22,865,611$35,289,875
87$39,598,420$26,578,196$23,556,723$38,351,097
88$43,560,214$27,803,282$24,268,627$41,705,058
89$47,923,676$29,085,964$25,001,948$45,380,873
90$52,729,703$30,428,987$25,757,324$49,410,597
91$58,023,355$31,835,230$26,535,417$53,829,523
92$63,854,289$33,307,708$27,336,905$58,676,511
93$70,277,223$34,849,583$28,162,489$63,994,352
94$77,352,456$36,464,168$29,012,888$69,830,164
95$85,146,431$38,154,937$29,888,844$76,235,836
96$93,732,369$39,925,531$30,791,122$83,268,511
97$103,190,954$41,779,765$31,720,508$90,991,120
98$113,611,098$43,721,640$32,677,812$99,472,972
99$125,090,778$45,755,349$33,663,867$108,790,400
100$137,737,964$47,885,287$34,679,533$119,027,478