Can I retire at age 80 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,514,511
2 years$793,086$778,316$764,001$750,121$736,659$704,096
3 years$523,472$508,638$494,359$480,610$467,367$435,730
4 years$388,691$373,903$359,767$346,252$333,330$302,863
5 years$307,844$293,144$279,194$265,955$253,392$224,181
6 years$253,964$239,374$225,630$212,686$200,500$172,577
7 years$215,493$201,026$187,500$174,861$163,061$136,430
8 years$186,653$172,317$159,015$146,687$135,274$109,928
9 years$164,233$150,033$136,959$124,945$113,921$89,841
10 years$146,308$132,246$119,404$107,703$97,066$74,229
11 years$131,652$117,731$105,121$93,734$83,480$61,857
12 years$119,447$105,669$93,293$82,218$72,342$51,900
13 years$109,128$95,494$83,351$72,586$63,084$43,788
14 years$100,290$86,801$74,891$64,434$55,299$37,111
15 years$92,638$79,295$67,617$57,463$48,689$31,570
16 years$85,949$72,751$61,304$51,452$43,032$26,941
17 years$80,053$67,001$55,784$46,229$38,155$23,050
18 years$74,818$61,912$50,924$41,662$33,926$19,765
19 years$70,140$57,380$46,619$37,645$30,239$16,979
20 years$65,934$53,320$42,784$34,095$27,010$14,610
21 years$62,135$49,665$39,353$30,943$24,171$12,587
22 years$58,685$46,361$36,270$28,135$21,666$10,858
23 years$55,539$43,360$33,489$25,623$19,448$9,375
24 years$52,661$40,626$30,972$23,369$17,481$8,101
25 years$50,016$38,125$28,686$21,342$15,730$7,006
26 years$47,579$35,832$26,605$19,514$14,169$6,063
27 years$45,326$33,722$24,705$17,862$12,774$5,249
28 years$43,238$31,776$22,966$16,365$11,527$4,547
29 years$41,298$29,977$21,372$15,007$10,408$3,940
30 years$39,490$28,310$19,907$13,773$9,404$3,415
31 years$37,802$26,762$18,559$12,649$8,503$2,961
32 years$36,223$25,323$17,316$11,625$7,691$2,569
33 years$34,743$23,981$16,168$10,690$6,961$2,228
34 years$33,352$22,728$15,106$9,836$6,302$1,934
35 years$32,044$21,558$14,123$9,055$5,708$1,678
36 years$30,812$20,461$13,212$8,339$5,172$1,456
37 years$29,648$19,434$12,366$7,683$4,687$1,264
38 years$28,549$18,469$11,581$7,082$4,249$1,098
39 years$27,509$17,562$10,850$6,530$3,854$953
40 years$26,523$16,709$10,169$6,023$3,495$828
41 years$25,587$15,905$9,536$5,557$3,171$719
42 years$24,699$15,148$8,945$5,128$2,877$624
43 years$23,854$14,433$8,393$4,734$2,611$542
44 years$23,050$13,757$7,879$4,371$2,370$471
45 years$22,284$13,119$7,398$4,037$2,152$409
46 years$21,553$12,515$6,948$3,729$1,954$355
47 years$20,855$11,943$6,528$3,445$1,774$309
48 years$20,189$11,401$6,134$3,183$1,611$268
49 years$19,551$10,887$5,766$2,942$1,463$233
50 years$18,941$10,400$5,421$2,719$1,329$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,400,000, adding $5,197 every year, while hoping to spend $51,337 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: 44/40/16 Blend
79$19,400,000$19,400,000$19,400,000$19,400,000
80$21,384,161$20,355,961$20,055,261$22,226,076
81$23,510,723$21,298,781$20,672,490$23,759,065
82$25,852,474$22,286,078$21,308,675$25,414,123
83$28,431,309$23,319,978$21,964,398$27,206,928
84$31,271,354$24,402,709$22,640,258$29,150,211
85$34,399,195$25,536,605$23,336,870$31,257,945
86$37,844,129$26,724,114$24,054,870$33,545,468
87$41,638,436$27,967,802$24,794,915$36,029,617
88$45,817,690$29,270,358$25,557,678$38,728,882
89$50,421,091$30,634,602$26,343,856$41,663,567
90$55,491,833$32,063,488$27,154,166$44,855,976
91$61,077,516$33,560,115$27,989,347$48,330,611
92$67,230,593$35,127,731$28,850,160$52,114,394
93$74,008,863$36,769,740$29,737,391$56,236,910
94$81,476,021$38,489,711$30,651,847$60,730,674
95$89,702,254$40,291,385$31,594,362$65,631,427
96$98,764,906$42,178,685$32,565,796$70,978,458
97$108,749,209$44,155,723$33,567,032$76,814,968
98$119,749,085$46,226,810$34,598,985$83,188,457
99$131,868,033$48,396,466$35,662,592$90,151,162
100$145,220,107$50,669,427$36,758,823$97,760,533