Can I retire at age 80 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,554,385
2 years$801,262$786,339$771,877$757,855$744,253$735,629
3 years$528,869$513,882$499,455$485,565$472,185$463,751
4 years$392,699$377,757$363,476$349,822$336,766$328,587
5 years$311,018$296,166$282,072$268,697$256,004$248,103
6 years$256,582$241,842$227,956$214,879$202,567$194,956
7 years$217,714$203,099$189,433$176,664$164,742$157,422
8 years$188,577$174,093$160,654$148,199$136,669$129,643
9 years$165,926$151,579$138,371$126,233$115,095$108,361
10 years$147,817$133,610$120,635$108,814$98,067$91,620
11 years$133,009$118,945$106,205$94,701$84,341$78,178
12 years$120,678$106,759$94,254$83,065$73,088$67,204
13 years$110,253$96,479$84,210$73,334$63,734$58,123
14 years$101,324$87,696$75,663$65,098$55,869$50,525
15 years$93,593$80,112$68,314$58,056$49,191$44,107
16 years$86,835$73,501$61,936$51,983$43,475$38,644
17 years$80,879$67,692$56,360$46,706$38,548$33,962
18 years$75,590$62,550$51,449$42,092$34,275$29,926
19 years$70,863$57,971$47,099$38,033$30,550$26,431
20 years$66,614$53,870$43,225$34,446$27,288$23,390
21 years$62,775$50,177$39,759$31,262$24,420$20,735
22 years$59,290$46,839$36,644$28,425$21,889$18,409
23 years$56,112$43,807$33,834$25,887$19,649$16,366
24 years$53,204$41,045$31,291$23,610$17,661$14,566
25 years$50,532$38,518$28,982$21,562$15,892$12,978
26 years$48,070$36,201$26,879$19,715$14,315$11,574
27 years$45,794$34,069$24,960$18,046$12,906$10,330
28 years$43,684$32,103$23,203$16,534$11,645$9,226
29 years$41,724$30,286$21,592$15,162$10,516$8,245
30 years$39,897$28,602$20,113$13,915$9,501$7,373
31 years$38,192$27,038$18,750$12,780$8,590$6,596
32 years$36,596$25,584$17,494$11,745$7,770$5,904
33 years$35,101$24,228$16,335$10,800$7,032$5,287
34 years$33,696$22,963$15,262$9,937$6,367$4,735
35 years$32,375$21,780$14,269$9,148$5,767$4,243
36 years$31,129$20,672$13,348$8,425$5,225$3,803
37 years$29,954$19,634$12,494$7,763$4,736$3,409
38 years$28,843$18,659$11,700$7,155$4,293$3,057
39 years$27,792$17,743$10,962$6,597$3,893$2,742
40 years$26,796$16,881$10,274$6,085$3,531$2,460
41 years$25,851$16,069$9,634$5,614$3,204$2,207
42 years$24,954$15,304$9,037$5,181$2,907$1,980
43 years$24,100$14,581$8,480$4,783$2,638$1,777
44 years$23,288$13,899$7,960$4,416$2,395$1,595
45 years$22,513$13,254$7,474$4,078$2,174$1,432
46 years$21,775$12,644$7,020$3,767$1,974$1,285
47 years$21,070$12,066$6,595$3,481$1,792$1,154
48 years$20,397$11,519$6,198$3,216$1,628$1,036
49 years$19,753$11,000$5,825$2,972$1,478$930
50 years$19,136$10,507$5,477$2,747$1,343$835

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,600,000, adding $6,976 every year, while hoping to spend $56,834 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: 24/47/29 Blend
79$19,600,000$19,600,000$19,600,000$19,600,000
80$21,606,396$20,567,596$20,263,796$21,927,853
81$23,749,777$21,514,937$20,882,162$23,151,008
82$26,109,879$22,506,793$21,519,339$24,455,303
83$28,708,746$23,545,285$22,175,896$25,851,552
84$31,570,670$24,632,637$22,852,421$27,347,451
85$34,722,421$25,771,178$23,549,519$28,951,412
86$38,193,493$26,963,352$24,267,814$30,672,625
87$42,016,391$28,211,717$25,007,947$32,521,143
88$46,226,930$29,518,958$25,770,580$34,507,959
89$50,864,577$30,887,888$26,556,395$36,645,103
90$55,972,823$32,321,453$27,366,093$38,945,741
91$61,599,592$33,822,745$28,200,398$41,424,289
92$67,797,693$35,395,003$29,060,054$44,096,534
93$74,625,322$37,041,622$29,945,830$46,979,771
94$82,146,605$38,766,162$30,858,516$50,092,954
95$90,432,209$40,572,354$31,798,926$53,456,855
96$99,560,003$42,464,108$32,767,899$57,094,250
97$109,615,799$44,445,525$33,766,300$61,030,114
98$120,694,158$46,520,903$34,795,018$65,291,844
99$132,899,282$48,694,747$35,854,971$69,909,494
100$146,346,000$50,971,781$36,947,104$74,916,047