Can I retire at age 80 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,493,263
2 years$797,174$782,328$767,939$753,988$740,456$679,064
3 years$526,170$511,260$496,907$483,087$469,776$410,620
4 years$390,695$375,830$361,621$348,037$335,048$278,579
5 years$309,431$294,655$280,633$267,326$254,698$201,059
6 years$255,273$240,608$226,793$213,783$201,534$150,759
7 years$216,603$202,062$188,466$175,763$163,901$115,972
8 years$187,615$173,205$159,834$147,443$135,972$90,840
9 years$165,080$150,806$137,665$125,589$114,508$72,105
10 years$147,062$132,928$120,020$108,259$97,566$57,809
11 years$132,330$118,338$105,663$94,217$83,910$46,707
12 years$120,063$106,214$93,774$82,641$72,715$37,964
13 years$109,690$95,986$83,780$72,960$63,409$31,006
14 years$100,807$87,249$75,277$64,766$55,584$25,420
15 years$93,116$79,703$67,965$57,760$48,940$20,904
16 years$86,392$73,126$61,620$51,717$43,254$17,233
17 years$80,466$67,347$56,072$46,468$38,352$14,236
18 years$75,204$62,231$51,187$41,877$34,101$11,780
19 years$70,501$57,675$46,859$37,839$30,395$9,760
20 years$66,274$53,595$43,005$34,271$27,149$8,096
21 years$62,455$49,921$39,556$31,103$24,295$6,722
22 years$58,987$46,600$36,457$28,280$21,777$5,585
23 years$55,826$43,584$33,662$25,755$19,549$4,644
24 years$52,932$40,835$31,131$23,490$17,571$3,863
25 years$50,274$38,322$28,834$21,452$15,811$3,215
26 years$47,824$36,016$26,742$19,615$14,242$2,677
27 years$45,560$33,896$24,832$17,954$12,840$2,229
28 years$43,461$31,940$23,085$16,450$11,586$1,857
29 years$41,511$30,131$21,482$15,085$10,462$1,547
30 years$39,694$28,456$20,010$13,844$9,453$1,289
31 years$37,997$26,900$18,655$12,715$8,546$1,074
32 years$36,410$25,453$17,405$11,685$7,731$896
33 years$34,922$24,105$16,251$10,745$6,996$747
34 years$33,524$22,846$15,184$9,887$6,334$622
35 years$32,209$21,669$14,196$9,101$5,737$519
36 years$30,971$20,567$13,280$8,382$5,198$433
37 years$29,801$19,534$12,430$7,723$4,711$361
38 years$28,696$18,564$11,640$7,118$4,271$301
39 years$27,651$17,653$10,906$6,564$3,873$251
40 years$26,660$16,795$10,222$6,054$3,513$209
41 years$25,719$15,987$9,585$5,585$3,187$174
42 years$24,826$15,226$8,991$5,155$2,892$145
43 years$23,977$14,507$8,437$4,758$2,625$121
44 years$23,169$13,828$7,919$4,394$2,383$101
45 years$22,399$13,186$7,436$4,058$2,163$84
46 years$21,664$12,579$6,984$3,748$1,964$70
47 years$20,963$12,005$6,561$3,463$1,783$59
48 years$20,293$11,460$6,166$3,200$1,619$49
49 years$19,652$10,944$5,796$2,957$1,471$41
50 years$19,039$10,454$5,449$2,733$1,336$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,500,000, adding $3,652 every year, while hoping to spend $40,413 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: 89/6/5 Blend
79$19,500,000$19,500,000$19,500,000$19,500,000
80$21,492,767$20,459,267$20,157,017$23,408,637
81$23,642,030$21,418,772$20,789,278$25,614,116
82$26,009,164$22,423,938$21,441,365$28,032,844
83$28,616,348$23,476,960$22,113,900$30,691,081
84$31,488,023$24,580,140$22,807,524$33,612,978
85$34,651,123$25,735,888$23,522,898$36,825,135
86$38,135,326$26,946,735$24,260,703$40,356,854
87$41,973,336$28,215,331$25,021,643$44,240,415
88$46,201,191$29,544,458$25,806,443$48,511,377
89$50,858,605$30,937,028$26,615,851$53,208,910
90$55,989,339$32,396,099$27,450,638$58,376,168
91$61,641,617$33,924,873$28,311,600$64,060,692
92$67,868,580$35,526,711$29,199,558$70,314,854
93$74,728,789$37,205,133$30,115,356$77,196,355
94$82,286,774$38,963,833$31,059,869$84,768,763
95$90,613,646$40,806,682$32,033,996$93,102,113
96$99,787,768$42,737,740$33,038,665$102,273,566
97$109,895,494$44,761,263$34,074,834$112,368,131
98$121,031,984$46,881,714$35,143,490$123,479,473
99$133,302,100$49,103,772$36,245,651$135,710,788
100$146,821,401$51,432,343$37,382,367$149,175,774