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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,447,922
2 years$760,381$746,220$732,495$719,188$706,281$670,956
3 years$501,886$487,663$473,973$460,791$448,094$413,815
4 years$372,663$358,484$344,931$331,974$319,584$286,615
5 years$295,150$281,056$267,681$254,988$242,943$211,376
6 years$243,491$229,503$216,326$203,916$192,232$162,100
7 years$206,606$192,736$179,768$167,650$156,336$127,642
8 years$178,956$165,211$152,457$140,638$129,696$102,429
9 years$157,461$143,846$131,311$119,792$109,223$83,361
10 years$140,275$126,793$114,480$103,262$93,063$68,577
11 years$126,223$112,876$100,787$89,869$80,038$56,894
12 years$114,521$101,312$89,446$78,827$69,359$47,519
13 years$104,628$91,556$79,914$69,593$60,482$39,904
14 years$96,155$83,222$71,803$61,776$53,018$33,658
15 years$88,818$76,025$64,828$55,094$46,682$28,494
16 years$82,405$69,751$58,776$49,330$41,257$24,195
17 years$76,752$64,238$53,484$44,323$36,582$20,597
18 years$71,733$59,359$48,824$39,944$32,527$17,571
19 years$67,248$55,013$44,696$36,093$28,992$15,016
20 years$63,216$51,121$41,020$32,689$25,896$12,852
21 years$59,572$47,617$37,730$29,667$23,174$11,014
22 years$56,265$44,449$34,774$26,974$20,772$9,449
23 years$53,249$41,572$32,108$24,566$18,646$8,114
24 years$50,489$38,951$29,694$22,406$16,760$6,973
25 years$47,954$36,553$27,503$20,462$15,081$5,997
26 years$45,617$34,354$25,508$18,710$13,585$5,160
27 years$43,457$32,331$23,686$17,125$12,248$4,442
28 years$41,455$30,466$22,019$15,690$11,051$3,826
29 years$39,595$28,741$20,491$14,388$9,979$3,297
30 years$37,862$27,143$19,086$13,205$9,017$2,841
31 years$36,243$25,659$17,794$12,128$8,152$2,449
32 years$34,729$24,278$16,602$11,146$7,374$2,112
33 years$33,310$22,992$15,501$10,249$6,673$1,822
34 years$31,977$21,791$14,483$9,430$6,042$1,571
35 years$30,723$20,669$13,541$8,681$5,473$1,356
36 years$29,541$19,618$12,667$7,995$4,958$1,170
37 years$28,426$18,632$11,856$7,366$4,494$1,009
38 years$27,372$17,707$11,103$6,790$4,074$871
39 years$26,374$16,838$10,402$6,261$3,695$752
40 years$25,429$16,020$9,750$5,774$3,351$649
41 years$24,532$15,249$9,142$5,328$3,040$560
42 years$23,681$14,523$8,576$4,917$2,759$484
43 years$22,871$13,837$8,047$4,539$2,504$418
44 years$22,099$13,190$7,554$4,191$2,273$361
45 years$21,365$12,578$7,093$3,870$2,063$311
46 years$20,664$11,999$6,662$3,575$1,873$269
47 years$19,995$11,450$6,259$3,303$1,701$232
48 years$19,356$10,931$5,881$3,052$1,545$200
49 years$18,745$10,439$5,528$2,821$1,403$173
50 years$18,160$9,971$5,197$2,607$1,274$149

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 $5,926 every year, while hoping to spend $45,505 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: 43/44/13 Blend
79$18,600,000$18,600,000$18,600,000$18,600,000
80$20,503,313$19,517,513$19,229,213$21,307,317
81$22,546,234$20,425,454$19,824,974$22,778,293
82$24,796,007$21,376,359$20,439,169$24,365,898
83$27,273,685$22,372,285$21,072,366$26,084,832
84$30,002,463$23,415,389$21,725,152$27,947,164
85$33,007,902$24,507,931$22,398,133$29,966,131
86$36,318,170$25,652,282$23,091,932$32,156,256
87$39,964,303$26,850,924$23,807,192$34,533,482
88$43,980,506$28,106,463$24,544,577$37,115,306
89$48,404,466$29,421,628$25,304,768$39,920,939
90$53,277,716$30,799,282$26,088,472$42,971,478
91$58,646,021$32,242,425$26,896,414$46,290,091
92$64,559,813$33,754,202$27,729,342$49,902,230
93$71,074,667$35,337,910$28,588,028$53,835,853
94$78,251,823$36,997,008$29,473,267$58,121,684
95$86,158,766$38,735,119$30,385,879$62,793,484
96$94,869,864$40,556,043$31,326,709$67,888,360
97$104,467,064$42,463,764$32,296,628$73,447,100
98$115,040,675$44,462,458$33,296,535$79,514,546
99$126,690,209$46,556,504$34,327,355$86,139,998
100$139,525,331$48,750,493$35,390,042$93,377,670