Can I retire at age 80 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,489,515
2 years$772,646$758,256$744,310$730,788$717,673$699,960
3 years$509,981$495,529$481,618$468,223$455,321$438,043
4 years$378,674$364,266$350,494$337,328$324,739$308,029
5 years$299,910$285,589$271,998$259,101$246,861$230,768
6 years$247,418$233,205$219,815$207,205$195,333$179,876
7 years$209,939$195,845$182,667$170,354$158,858$144,044
8 years$181,842$167,875$154,916$142,906$131,788$117,615
9 years$160,000$146,166$133,429$121,724$110,985$97,447
10 years$142,537$128,838$116,327$104,928$94,564$81,654
11 years$128,259$114,697$102,412$91,318$81,329$69,033
12 years$116,368$102,946$90,888$80,099$70,478$58,784
13 years$106,315$93,033$81,203$70,715$61,458$50,352
14 years$97,706$84,564$72,961$62,773$53,874$43,339
15 years$90,251$77,251$65,874$55,982$47,435$37,455
16 years$83,734$70,876$59,724$50,126$41,923$32,481
17 years$77,990$65,274$54,347$45,038$37,172$28,249
18 years$72,890$60,317$49,612$40,588$33,051$24,629
19 years$68,332$55,901$45,417$36,675$29,459$21,519
20 years$64,235$51,946$41,681$33,216$26,314$18,836
21 years$60,533$48,385$38,339$30,146$23,548$16,513
22 years$57,172$45,166$35,335$27,409$21,107$14,497
23 years$54,108$42,243$32,626$24,962$18,947$12,742
24 years$51,303$39,579$30,173$22,767$17,030$11,211
25 years$48,727$37,143$27,947$20,792$15,324$9,873
26 years$46,353$34,908$25,919$19,011$13,804$8,702
27 years$44,158$32,853$24,068$17,402$12,445$7,674
28 years$42,124$30,957$22,374$15,944$11,230$6,773
29 years$40,233$29,204$20,821$14,621$10,140$5,980
30 years$38,472$27,580$19,394$13,418$9,162$5,283
31 years$36,828$26,073$18,081$12,323$8,283$4,669
32 years$35,289$24,670$16,870$11,326$7,493$4,127
33 years$33,847$23,363$15,751$10,415$6,781$3,650
34 years$32,493$22,143$14,717$9,582$6,140$3,229
35 years$31,218$21,002$13,759$8,821$5,561$2,857
36 years$30,018$19,934$12,872$8,124$5,038$2,528
37 years$28,884$18,933$12,048$7,485$4,566$2,238
38 years$27,813$17,993$11,282$6,899$4,140$1,982
39 years$26,800$17,109$10,570$6,362$3,754$1,755
40 years$25,839$16,278$9,907$5,868$3,405$1,554
41 years$24,928$15,495$9,290$5,414$3,089$1,376
42 years$24,062$14,757$8,714$4,996$2,803$1,219
43 years$23,239$14,061$8,177$4,612$2,544$1,080
44 years$22,456$13,403$7,676$4,258$2,309$957
45 years$21,709$12,781$7,207$3,933$2,096$848
46 years$20,997$12,192$6,769$3,633$1,903$751
47 years$20,318$11,635$6,360$3,356$1,728$666
48 years$19,668$11,107$5,976$3,101$1,570$590
49 years$19,047$10,607$5,617$2,866$1,426$523
50 years$18,453$10,132$5,281$2,649$1,295$463

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,900,000, adding $2,683 every year, while hoping to spend $34,775 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: 58/29/13 Blend
79$18,900,000$18,900,000$18,900,000$18,900,000
80$20,830,568$19,828,868$19,535,918$21,970,738
81$22,918,285$20,763,482$20,153,370$23,675,492
82$25,217,784$21,742,726$20,790,342$25,528,807
83$27,750,630$22,768,752$21,447,451$27,548,207
84$30,540,586$23,843,813$22,125,332$29,749,653
85$33,613,839$24,970,272$22,824,644$32,150,688
86$36,999,244$26,150,609$23,546,062$34,770,603
87$40,728,599$27,387,421$24,290,288$37,630,604
88$44,836,944$28,683,433$25,058,041$40,754,015
89$49,362,893$30,041,501$25,850,065$44,166,483
90$54,348,994$31,464,621$26,667,129$47,896,220
91$59,842,137$32,955,933$27,510,024$51,974,256
92$65,893,992$34,518,731$28,379,566$56,434,728
93$72,561,496$36,156,465$29,276,598$61,315,194
94$79,907,395$37,872,758$30,201,990$66,656,975
95$88,000,831$39,671,405$31,156,639$72,505,539
96$96,917,998$41,556,387$32,141,469$78,910,922
97$106,742,860$43,531,876$33,157,435$85,928,189
98$117,567,944$45,602,250$34,205,521$93,617,943
99$129,495,212$47,772,098$35,286,743$102,046,886
100$142,637,025$50,046,232$36,402,150$111,288,440