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%17.6%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,514,721
2 years$801,262$786,339$771,877$757,855$744,253$696,103
3 years$528,869$513,882$499,455$485,565$472,185$425,606
4 years$392,699$377,757$363,476$349,822$336,766$292,115
5 years$311,018$296,166$282,072$268,697$256,004$213,402
6 years$256,582$241,842$227,956$214,879$202,567$162,050
7 years$217,714$203,099$189,433$176,664$164,742$126,307
8 years$188,577$174,093$160,654$148,199$136,669$100,293
9 years$165,926$151,579$138,371$126,233$115,095$80,737
10 years$147,817$133,610$120,635$108,814$98,067$65,677
11 years$133,009$118,945$106,205$94,701$84,341$53,862
12 years$120,678$106,759$94,254$83,065$73,088$44,457
13 years$110,253$96,479$84,210$73,334$63,734$36,883
14 years$101,324$87,696$75,663$65,098$55,869$30,727
15 years$93,593$80,112$68,314$58,056$49,191$25,685
16 years$86,835$73,501$61,936$51,983$43,475$21,531
17 years$80,879$67,692$56,360$46,706$38,548$18,090
18 years$75,590$62,550$51,449$42,092$34,275$15,228
19 years$70,863$57,971$47,099$38,033$30,550$12,839
20 years$66,614$53,870$43,225$34,446$27,288$10,839
21 years$62,775$50,177$39,759$31,262$24,420$9,161
22 years$59,290$46,839$36,644$28,425$21,889$7,751
23 years$56,112$43,807$33,834$25,887$19,649$6,562
24 years$53,204$41,045$31,291$23,610$17,661$5,559
25 years$50,532$38,518$28,982$21,562$15,892$4,713
26 years$48,070$36,201$26,879$19,715$14,315$3,997
27 years$45,794$34,069$24,960$18,046$12,906$3,391
28 years$43,684$32,103$23,203$16,534$11,645$2,878
29 years$41,724$30,286$21,592$15,162$10,516$2,443
30 years$39,897$28,602$20,113$13,915$9,501$2,075
31 years$38,192$27,038$18,750$12,780$8,590$1,762
32 years$36,596$25,584$17,494$11,745$7,770$1,497
33 years$35,101$24,228$16,335$10,800$7,032$1,272
34 years$33,696$22,963$15,262$9,937$6,367$1,081
35 years$32,375$21,780$14,269$9,148$5,767$919
36 years$31,129$20,672$13,348$8,425$5,225$781
37 years$29,954$19,634$12,494$7,763$4,736$664
38 years$28,843$18,659$11,700$7,155$4,293$564
39 years$27,792$17,743$10,962$6,597$3,893$479
40 years$26,796$16,881$10,274$6,085$3,531$408
41 years$25,851$16,069$9,634$5,614$3,204$347
42 years$24,954$15,304$9,037$5,181$2,907$295
43 years$24,100$14,581$8,480$4,783$2,638$250
44 years$23,288$13,899$7,960$4,416$2,395$213
45 years$22,513$13,254$7,474$4,078$2,174$181
46 years$21,775$12,644$7,020$3,767$1,974$154
47 years$21,070$12,066$6,595$3,481$1,792$131
48 years$20,397$11,519$6,198$3,216$1,628$111
49 years$19,753$11,000$5,825$2,972$1,478$95
50 years$19,136$10,507$5,477$2,747$1,343$80

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 $6,334 every year, while hoping to spend $32,924 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: 68/18/14 Blend
79$19,600,000$19,600,000$19,600,000$19,600,000
80$21,605,734$20,566,934$20,263,134$23,005,252
81$23,774,487$21,539,682$20,906,918$24,910,698
82$26,163,351$22,558,992$21,571,165$26,989,484
83$28,794,740$23,627,111$22,256,526$29,262,283
84$31,693,357$24,746,392$22,963,673$31,748,148
85$34,886,421$25,919,308$23,693,299$34,468,042
86$38,403,930$27,148,447$24,446,117$37,445,037
87$42,278,935$28,436,525$25,222,867$40,704,521
88$46,547,861$29,786,390$26,024,308$44,274,436
89$51,250,848$31,201,028$26,851,227$48,185,538
90$56,432,124$32,683,568$27,704,433$52,471,680
91$62,140,432$34,237,294$28,584,763$57,170,128
92$68,429,483$35,865,648$29,493,079$62,321,906
93$75,358,464$37,572,239$30,430,271$67,972,177
94$82,992,601$39,360,853$31,397,259$74,170,666
95$91,403,769$41,235,457$32,394,989$80,972,119
96$100,671,172$43,200,212$33,424,440$88,436,818
97$110,882,093$45,259,484$34,486,620$96,631,138
98$122,132,715$47,417,848$35,582,571$105,628,170
99$134,529,032$49,680,102$36,713,366$115,508,402
100$148,187,844$52,051,278$37,880,115$126,360,472