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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,500,762
2 years$772,646$758,256$744,310$730,788$717,673$711,262
3 years$509,981$495,529$481,618$468,223$455,321$449,048
4 years$378,674$364,266$350,494$337,328$324,739$318,651
5 years$299,910$285,589$271,998$259,101$246,861$240,978
6 years$247,418$233,205$219,815$207,205$195,333$189,661
7 years$209,939$195,845$182,667$170,354$158,858$153,401
8 years$181,842$167,875$154,916$142,906$131,788$126,546
9 years$160,000$146,166$133,429$121,724$110,985$105,956
10 years$142,537$128,838$116,327$104,928$94,564$89,748
11 years$128,259$114,697$102,412$91,318$81,329$76,720
12 years$116,368$102,946$90,888$80,099$70,478$66,074
13 years$106,315$93,033$81,203$70,715$61,458$57,256
14 years$97,706$84,564$72,961$62,773$53,874$49,868
15 years$90,251$77,251$65,874$55,982$47,435$43,620
16 years$83,734$70,876$59,724$50,126$41,923$38,295
17 years$77,990$65,274$54,347$45,038$37,172$33,724
18 years$72,890$60,317$49,612$40,588$33,051$29,779
19 years$68,332$55,901$45,417$36,675$29,459$26,357
20 years$64,235$51,946$41,681$33,216$26,314$23,375
21 years$60,533$48,385$38,339$30,146$23,548$20,767
22 years$57,172$45,166$35,335$27,409$21,107$18,479
23 years$54,108$42,243$32,626$24,962$18,947$16,465
24 years$51,303$39,579$30,173$22,767$17,030$14,688
25 years$48,727$37,143$27,947$20,792$15,324$13,117
26 years$46,353$34,908$25,919$19,011$13,804$11,725
27 years$44,158$32,853$24,068$17,402$12,445$10,489
28 years$42,124$30,957$22,374$15,944$11,230$9,390
29 years$40,233$29,204$20,821$14,621$10,140$8,412
30 years$38,472$27,580$19,394$13,418$9,162$7,541
31 years$36,828$26,073$18,081$12,323$8,283$6,763
32 years$35,289$24,670$16,870$11,326$7,493$6,068
33 years$33,847$23,363$15,751$10,415$6,781$5,447
34 years$32,493$22,143$14,717$9,582$6,140$4,891
35 years$31,218$21,002$13,759$8,821$5,561$4,393
36 years$30,018$19,934$12,872$8,124$5,038$3,948
37 years$28,884$18,933$12,048$7,485$4,566$3,548
38 years$27,813$17,993$11,282$6,899$4,140$3,190
39 years$26,800$17,109$10,570$6,362$3,754$2,868
40 years$25,839$16,278$9,907$5,868$3,405$2,579
41 years$24,928$15,495$9,290$5,414$3,089$2,320
42 years$24,062$14,757$8,714$4,996$2,803$2,087
43 years$23,239$14,061$8,177$4,612$2,544$1,878
44 years$22,456$13,403$7,676$4,258$2,309$1,690
45 years$21,709$12,781$7,207$3,933$2,096$1,521
46 years$20,997$12,192$6,769$3,633$1,903$1,369
47 years$20,318$11,635$6,360$3,356$1,728$1,232
48 years$19,668$11,107$5,976$3,101$1,570$1,109
49 years$19,047$10,607$5,617$2,866$1,426$999
50 years$18,453$10,132$5,281$2,649$1,295$899

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 $6,636 every year, while hoping to spend $38,191 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: 42/46/12 Blend
79$18,900,000$18,900,000$18,900,000$18,900,000
80$20,834,645$19,832,945$19,539,995$21,636,172
81$22,919,144$20,764,124$20,153,950$23,129,730
82$25,214,982$21,739,652$20,787,192$24,741,690
83$27,743,675$22,761,659$21,440,328$26,486,323
84$30,528,932$23,832,383$22,113,982$28,375,760
85$33,596,881$24,954,168$22,808,798$30,423,305
86$36,976,312$26,129,471$23,525,442$32,643,550
87$40,698,950$27,360,870$24,264,599$35,052,509
88$44,799,756$28,651,065$25,026,975$37,667,753
89$49,317,253$30,002,889$25,813,301$40,508,571
90$54,293,894$31,419,312$26,624,328$43,596,138
91$59,776,461$32,903,448$27,460,833$46,953,705
92$65,816,504$34,458,561$28,323,615$50,606,806
93$72,470,831$36,088,075$29,213,499$54,583,489
94$79,802,043$37,795,577$30,131,338$58,914,564
95$87,879,122$39,584,831$31,078,009$63,633,885
96$96,778,087$41,459,783$32,054,417$68,778,653
97$106,582,709$43,424,569$33,061,497$74,389,751
98$117,385,300$45,483,527$34,100,212$80,512,119
99$129,287,586$47,641,206$35,171,554$87,195,158
100$142,401,669$49,902,373$36,276,550$94,493,181