Can I retire at age 80 with 18,600,000?

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 $18,600,000?

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$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,464,656
2 years$760,381$746,220$732,495$719,188$706,281$687,632
3 years$501,886$487,663$473,973$460,791$448,094$429,909
4 years$372,663$358,484$344,931$331,974$319,584$302,004
5 years$295,150$281,056$267,681$254,988$242,943$226,018
6 years$243,491$229,503$216,326$203,916$192,232$175,983
7 years$206,606$192,736$179,768$167,650$156,336$140,769
8 years$178,956$165,211$152,457$140,638$129,696$114,810
9 years$157,461$143,846$131,311$119,792$109,223$95,011
10 years$140,275$126,793$114,480$103,262$93,063$79,516
11 years$126,223$112,876$100,787$89,869$80,038$67,142
12 years$114,521$101,312$89,446$78,827$69,359$57,101
13 years$104,628$91,556$79,914$69,593$60,482$48,847
14 years$96,155$83,222$71,803$61,776$53,018$41,988
15 years$88,818$76,025$64,828$55,094$46,682$36,238
16 years$82,405$69,751$58,776$49,330$41,257$31,382
17 years$76,752$64,238$53,484$44,323$36,582$27,255
18 years$71,733$59,359$48,824$39,944$32,527$23,729
19 years$67,248$55,013$44,696$36,093$28,992$20,702
20 years$63,216$51,121$41,020$32,689$25,896$18,094
21 years$59,572$47,617$37,730$29,667$23,174$15,839
22 years$56,265$44,449$34,774$26,974$20,772$13,884
23 years$53,249$41,572$32,108$24,566$18,646$12,185
24 years$50,489$38,951$29,694$22,406$16,760$10,704
25 years$47,954$36,553$27,503$20,462$15,081$9,412
26 years$45,617$34,354$25,508$18,710$13,585$8,282
27 years$43,457$32,331$23,686$17,125$12,248$7,293
28 years$41,455$30,466$22,019$15,690$11,051$6,425
29 years$39,595$28,741$20,491$14,388$9,979$5,664
30 years$37,862$27,143$19,086$13,205$9,017$4,995
31 years$36,243$25,659$17,794$12,128$8,152$4,407
32 years$34,729$24,278$16,602$11,146$7,374$3,890
33 years$33,310$22,992$15,501$10,249$6,673$3,434
34 years$31,977$21,791$14,483$9,430$6,042$3,033
35 years$30,723$20,669$13,541$8,681$5,473$2,679
36 years$29,541$19,618$12,667$7,995$4,958$2,367
37 years$28,426$18,632$11,856$7,366$4,494$2,092
38 years$27,372$17,707$11,103$6,790$4,074$1,849
39 years$26,374$16,838$10,402$6,261$3,695$1,634
40 years$25,429$16,020$9,750$5,774$3,351$1,445
41 years$24,532$15,249$9,142$5,328$3,040$1,278
42 years$23,681$14,523$8,576$4,917$2,759$1,130
43 years$22,871$13,837$8,047$4,539$2,504$999
44 years$22,099$13,190$7,554$4,191$2,273$884
45 years$21,365$12,578$7,093$3,870$2,063$781
46 years$20,664$11,999$6,662$3,575$1,873$691
47 years$19,995$11,450$6,259$3,303$1,701$611
48 years$19,356$10,931$5,881$3,052$1,545$541
49 years$18,745$10,439$5,528$2,821$1,403$479
50 years$18,160$9,971$5,197$2,607$1,274$423

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,600,000, adding $4,078 every year, while hoping to spend $34,171 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: 34/46/20 Blend
79$18,600,000$18,600,000$18,600,000$18,600,000
80$20,501,406$19,515,606$19,227,306$21,072,543
81$22,556,192$20,435,513$19,835,064$22,414,538
82$24,819,421$21,399,351$20,462,035$23,857,283
83$27,312,318$22,409,235$21,108,829$25,412,399
84$30,058,271$23,467,384$21,776,072$27,089,849
85$33,083,055$24,576,126$22,464,411$28,900,548
86$36,415,070$25,737,900$23,174,512$30,856,450
87$40,085,614$26,955,264$23,907,065$32,970,660
88$44,129,173$28,230,898$24,662,778$35,257,540
89$48,583,753$29,567,616$25,442,385$37,732,837
90$53,491,231$30,968,365$26,246,641$40,413,823
91$58,897,759$32,436,237$27,076,325$43,319,440
92$64,854,191$33,974,473$27,932,243$46,470,474
93$71,416,568$35,586,472$28,815,222$49,889,734
94$78,646,646$37,275,797$29,726,120$53,602,255
95$86,612,477$39,046,185$30,665,819$57,635,521
96$95,389,056$40,901,554$31,635,230$62,019,710
97$105,059,022$42,846,012$32,635,292$66,787,961
98$115,713,443$44,883,868$33,666,975$71,976,676
99$127,452,675$47,019,638$34,731,280$77,625,841
100$140,387,307$49,258,060$35,829,237$83,779,393