Can I retire at age 80 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,531,160
2 years$813,526$798,375$783,691$769,454$755,645$700,119
3 years$536,964$521,747$507,100$492,997$479,412$425,799
4 years$398,709$383,539$369,039$355,176$341,921$290,630
5 years$315,778$300,700$286,390$272,810$259,923$211,089
6 years$260,509$245,544$231,445$218,168$205,668$159,329
7 years$221,047$206,207$192,332$179,368$167,263$123,410
8 years$191,463$176,758$163,113$150,467$138,761$97,357
9 years$168,466$153,899$140,489$128,165$116,857$77,849
10 years$150,079$135,655$122,482$110,479$99,568$62,891
11 years$135,045$120,765$107,831$96,150$85,632$51,211
12 years$122,526$108,393$95,697$84,337$74,207$41,961
13 years$111,940$97,955$85,499$74,457$64,710$34,553
14 years$102,875$89,039$76,821$66,094$56,724$28,566
15 years$95,026$81,338$69,359$58,944$49,944$23,694
16 years$88,165$74,626$62,885$52,778$44,141$19,704
17 years$82,117$68,728$57,222$47,421$39,138$16,422
18 years$76,747$63,508$52,237$42,736$34,800$13,711
19 years$71,948$58,858$47,820$38,615$31,018$11,464
20 years$67,634$54,694$43,887$34,974$27,706$9,598
21 years$63,736$50,945$40,367$31,741$24,794$8,043
22 years$60,197$47,556$37,205$28,860$22,224$6,746
23 years$56,971$44,478$34,352$26,283$19,950$5,662
24 years$54,018$41,673$31,770$23,972$17,931$4,756
25 years$51,305$39,108$29,425$21,892$16,135$3,996
26 years$48,805$36,755$27,290$20,017$14,534$3,359
27 years$46,495$34,591$25,342$18,322$13,104$2,825
28 years$44,353$32,595$23,558$16,787$11,824$2,376
29 years$42,362$30,749$21,923$15,394$10,676$1,999
30 years$40,508$29,040$20,420$14,128$9,647$1,682
31 years$38,776$27,452$19,037$12,975$8,722$1,416
32 years$37,157$25,975$17,762$11,925$7,889$1,192
33 years$35,638$24,599$16,585$10,966$7,140$1,003
34 years$34,212$23,314$15,496$10,090$6,464$845
35 years$32,870$22,113$14,487$9,288$5,855$711
36 years$31,606$20,989$13,553$8,554$5,305$599
37 years$30,413$19,934$12,685$7,881$4,808$505
38 years$29,285$18,945$11,879$7,264$4,359$425
39 years$28,218$18,015$11,129$6,698$3,953$358
40 years$27,206$17,139$10,432$6,178$3,585$302
41 years$26,247$16,315$9,781$5,700$3,253$254
42 years$25,336$15,538$9,175$5,260$2,952$214
43 years$24,469$14,805$8,610$4,856$2,679$180
44 years$23,644$14,112$8,082$4,484$2,431$152
45 years$22,858$13,457$7,589$4,141$2,207$128
46 years$22,108$12,837$7,127$3,825$2,004$108
47 years$21,393$12,251$6,696$3,534$1,820$91
48 years$20,709$11,695$6,292$3,265$1,653$76
49 years$20,055$11,168$5,914$3,018$1,501$64
50 years$19,429$10,668$5,560$2,789$1,363$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,900,000, adding $3,111 every year, while hoping to spend $51,678 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: 47/39/14 Blend
79$19,900,000$19,900,000$19,900,000$19,900,000
80$21,933,009$20,878,309$20,569,859$22,877,530
81$24,115,191$21,846,361$21,203,964$24,499,733
82$26,518,223$22,860,116$21,857,580$26,253,793
83$29,164,579$23,921,758$22,531,305$28,156,384
84$32,079,019$25,033,578$23,225,758$30,221,358
85$35,288,832$26,197,975$23,941,573$32,463,923
86$38,824,084$27,417,468$24,679,408$34,900,776
87$42,717,910$28,694,693$25,439,937$37,550,256
88$47,006,820$30,032,416$26,223,858$40,432,505
89$51,731,047$31,433,536$27,031,888$43,569,651
90$56,934,925$32,901,090$27,864,768$46,986,008
91$62,667,309$34,438,265$28,723,259$50,708,292
92$68,982,034$36,048,400$29,608,148$54,765,867
93$75,938,425$37,734,995$30,520,244$59,191,009
94$83,601,855$39,501,720$31,460,383$64,019,200
95$92,044,362$41,352,423$32,429,424$69,289,450
96$101,345,332$43,291,136$33,428,255$75,044,653
97$111,592,242$45,322,089$34,457,788$81,331,982
98$122,881,493$47,449,713$35,518,966$88,203,315
99$135,319,312$49,678,656$36,612,758$95,715,713
100$149,022,763$52,013,791$37,740,166$103,931,947