Can I retire at age 80 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,485,586
2 years$788,998$774,304$760,063$746,255$732,861$679,591
3 years$520,774$506,016$491,811$478,133$464,957$413,513
4 years$386,688$371,975$357,912$344,468$331,612$282,387
5 years$306,257$291,633$277,755$264,584$252,086$205,210
6 years$252,655$238,140$224,467$211,590$199,467$154,977
7 years$214,382$199,990$186,533$173,960$162,220$120,107
8 years$185,691$171,428$158,195$145,931$134,577$94,808
9 years$163,387$149,259$136,253$124,301$113,333$75,857
10 years$145,554$131,565$118,789$107,148$96,566$61,321
11 years$130,973$117,124$104,580$93,251$83,050$49,965
12 years$118,831$105,124$92,812$81,794$71,969$40,967
13 years$108,565$95,002$82,921$72,212$62,759$33,757
14 years$99,774$86,354$74,505$64,101$55,014$27,928
15 years$92,161$78,886$67,268$57,167$48,438$23,181
16 years$85,506$72,376$60,988$51,187$42,810$19,291
17 years$79,641$66,656$55,497$45,991$37,958$16,090
18 years$74,433$61,593$50,662$41,447$33,751$13,444
19 years$69,778$57,084$46,378$37,451$30,083$11,249
20 years$65,595$53,045$42,564$33,919$26,871$9,425
21 years$61,814$49,409$39,150$30,784$24,046$7,905
22 years$58,382$46,122$36,083$27,990$21,554$6,635
23 years$55,253$43,137$33,316$25,491$19,348$5,574
24 years$52,389$40,416$30,812$23,249$17,390$4,685
25 years$49,758$37,929$28,538$21,232$15,649$3,940
26 years$47,334$35,647$26,468$19,414$14,096$3,314
27 years$45,093$33,548$24,578$17,770$12,709$2,789
28 years$43,015$31,612$22,848$16,281$11,467$2,348
29 years$41,085$29,822$21,262$14,930$10,355$1,977
30 years$39,286$28,164$19,805$13,702$9,356$1,665
31 years$37,607$26,624$18,463$12,584$8,459$1,403
32 years$36,036$25,192$17,227$11,565$7,652$1,182
33 years$34,563$23,857$16,085$10,635$6,925$996
34 years$33,180$22,611$15,029$9,785$6,269$839
35 years$31,879$21,446$14,051$9,008$5,678$707
36 years$30,653$20,356$13,144$8,296$5,145$596
37 years$29,496$19,333$12,303$7,644$4,663$502
38 years$28,402$18,374$11,521$7,045$4,228$424
39 years$27,367$17,471$10,794$6,496$3,834$357
40 years$26,386$16,623$10,117$5,992$3,477$301
41 years$25,456$15,823$9,487$5,528$3,155$254
42 years$24,572$15,070$8,899$5,102$2,863$214
43 years$23,731$14,358$8,350$4,710$2,598$180
44 years$22,931$13,686$7,838$4,349$2,358$152
45 years$22,169$13,051$7,360$4,016$2,141$128
46 years$21,442$12,450$6,912$3,710$1,944$108
47 years$20,748$11,881$6,494$3,427$1,765$91
48 years$20,085$11,342$6,103$3,167$1,603$77
49 years$19,450$10,831$5,736$2,927$1,456$65
50 years$18,844$10,347$5,393$2,705$1,322$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,300,000, adding $6,818 every year, while hoping to spend $55,167 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: 53/40/7 Blend
79$19,300,000$19,300,000$19,300,000$19,300,000
80$21,275,633$20,252,733$19,953,583$22,367,300
81$23,387,050$21,186,419$20,563,331$24,041,377
82$25,711,983$22,164,008$21,191,656$25,855,071
83$28,272,152$23,187,591$21,839,123$27,826,844
84$31,091,491$24,259,362$22,506,313$29,971,640
85$34,196,373$25,381,621$23,193,824$32,305,869
86$37,615,859$26,556,777$23,902,274$34,847,562
87$41,381,975$27,787,357$24,632,298$37,616,528
88$45,530,007$29,076,008$25,384,551$40,634,537
89$50,098,841$30,425,506$26,159,707$43,925,513
90$55,131,327$31,838,759$26,958,461$47,515,753
91$60,674,681$33,318,818$27,781,528$51,434,168
92$66,780,937$34,868,878$28,629,648$55,712,542
93$73,507,430$36,492,290$29,503,578$60,385,824
94$80,917,343$38,192,568$30,404,103$65,492,446
95$89,080,299$39,973,391$31,332,028$71,074,677
96$98,073,023$41,838,621$32,288,185$77,179,008
97$107,980,061$43,792,302$33,273,428$83,856,578
98$118,894,579$45,838,677$34,288,640$91,163,647
99$130,919,246$47,982,192$35,334,729$99,162,110
100$144,167,198$50,227,508$36,412,631$107,920,070