Can I retire at age 80 with 18,700,000?

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 $18,700,000?

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$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,470,702
2 years$764,470$750,232$736,434$723,055$710,078$689,500
3 years$504,584$490,285$476,521$463,268$450,503$430,447
4 years$374,667$360,411$346,785$333,759$321,302$301,924
5 years$296,736$282,567$269,120$256,359$244,249$225,604
6 years$244,800$230,737$217,489$205,012$193,266$175,376
7 years$207,717$193,773$180,734$168,552$157,177$140,049
8 years$179,918$166,099$153,277$141,394$130,393$114,026
9 years$158,307$144,619$132,017$120,436$109,810$94,195
10 years$141,029$127,475$115,096$103,817$93,564$78,689
11 years$126,902$113,483$101,328$90,352$80,468$66,320
12 years$115,137$101,856$89,926$79,251$69,732$56,294
13 years$105,190$92,048$80,343$69,967$60,807$48,062
14 years$96,672$83,669$72,189$62,109$53,303$41,231
15 years$89,296$76,434$65,177$55,390$46,933$35,512
16 years$82,848$70,126$59,092$49,596$41,479$30,690
17 years$77,165$64,584$53,772$44,561$36,778$26,597
18 years$72,119$59,678$49,087$40,159$32,702$23,106
19 years$67,609$55,309$44,936$36,287$29,148$20,115
20 years$63,555$51,396$41,240$32,865$26,035$17,542
21 years$59,893$47,873$37,933$29,827$23,299$15,321
22 years$56,567$44,688$34,961$27,119$20,884$13,400
23 years$53,535$41,796$32,281$24,698$18,747$11,732
24 years$50,760$39,160$29,854$22,526$16,850$10,283
25 years$48,211$36,750$27,651$20,572$15,162$9,020
26 years$45,862$34,539$25,645$18,810$13,658$7,918
27 years$43,691$32,505$23,813$17,217$12,314$6,956
28 years$41,678$30,629$22,138$15,775$11,111$6,114
29 years$39,808$28,895$20,601$14,466$10,033$5,376
30 years$38,065$27,288$19,189$13,276$9,065$4,730
31 years$36,438$25,797$17,889$12,193$8,196$4,163
32 years$34,916$24,409$16,691$11,206$7,414$3,665
33 years$33,489$23,116$15,585$10,305$6,709$3,228
34 years$32,149$21,908$14,561$9,481$6,075$2,843
35 years$30,888$20,780$13,614$8,728$5,502$2,505
36 years$29,700$19,723$12,735$8,038$4,985$2,208
37 years$28,579$18,732$11,920$7,406$4,518$1,946
38 years$27,519$17,802$11,163$6,826$4,096$1,716
39 years$26,516$16,928$10,458$6,294$3,714$1,513
40 years$25,566$16,106$9,802$5,806$3,369$1,334
41 years$24,664$15,331$9,192$5,356$3,057$1,176
42 years$23,808$14,601$8,622$4,943$2,774$1,038
43 years$22,993$13,912$8,091$4,563$2,517$915
44 years$22,218$13,261$7,594$4,213$2,285$807
45 years$21,480$12,645$7,131$3,891$2,074$712
46 years$20,775$12,063$6,698$3,594$1,883$628
47 years$20,103$11,512$6,292$3,321$1,710$554
48 years$19,460$10,990$5,913$3,068$1,553$489
49 years$18,846$10,495$5,558$2,836$1,410$432
50 years$18,258$10,025$5,225$2,621$1,281$381

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,700,000, adding $6,900 every year, while hoping to spend $41,199 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: 58/21/21 Blend
79$18,700,000$18,700,000$18,700,000$18,700,000
80$20,614,517$19,623,417$19,333,567$21,694,334
81$22,673,363$20,541,129$19,937,406$23,347,380
82$24,940,829$21,502,428$20,560,093$25,143,669
83$27,438,154$22,509,407$21,202,216$27,101,158
84$30,188,735$23,564,258$21,864,380$29,235,418
85$33,218,361$24,669,282$22,547,212$31,563,574
86$36,555,446$25,826,888$23,251,355$34,104,457
87$40,231,300$27,039,605$23,977,475$36,878,782
88$44,280,429$28,310,081$24,726,256$39,909,336
89$48,740,853$29,641,096$25,498,406$43,221,184
90$53,654,471$31,035,560$26,294,653$46,841,908
91$59,067,452$32,496,528$27,115,750$50,801,851
92$65,030,675$34,027,200$27,962,470$55,134,408
93$71,600,204$35,630,933$28,835,613$59,876,326
94$78,837,821$37,311,246$29,736,002$65,068,047
95$86,811,609$39,071,827$30,664,489$70,754,084
96$95,596,592$40,916,545$31,621,948$76,983,432
97$105,275,445$42,849,456$32,609,283$83,810,022
98$115,939,272$44,874,811$33,627,426$91,293,226
99$127,688,470$46,997,069$34,677,337$99,498,402
100$140,633,673$49,220,905$35,760,007$108,497,509