Can I retire at age 80 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,576,861
2 years$817,615$802,387$787,630$773,321$759,442$741,355
3 years$539,662$524,369$509,648$495,474$481,821$464,175
4 years$400,713$385,467$370,894$356,961$343,639$326,569
5 years$317,365$302,211$287,829$274,180$261,229$244,786
6 years$261,818$246,778$232,608$219,264$206,701$190,906
7 years$222,157$207,243$193,299$180,269$168,104$152,961
8 years$192,425$177,646$163,933$151,223$139,458$124,968
9 years$169,313$154,673$141,195$128,809$117,444$103,600
10 years$150,833$136,336$123,097$111,034$100,068$86,862
11 years$135,724$121,372$108,373$96,633$86,062$73,482
12 years$123,141$108,937$96,178$84,760$74,579$62,612
13 years$112,503$98,447$85,929$74,831$65,035$53,666
14 years$103,392$89,486$77,207$66,426$57,009$46,223
15 years$95,503$81,747$69,708$59,241$50,195$39,974
16 years$88,608$75,001$63,201$53,044$44,363$34,689
17 years$82,529$69,073$57,510$47,659$39,335$30,191
18 years$77,132$63,827$52,499$42,951$34,975$26,341
19 years$72,309$59,154$48,060$38,809$31,174$23,031
20 years$67,974$54,969$44,107$35,149$27,845$20,175
21 years$64,056$51,201$40,570$31,900$24,918$17,700
22 years$60,500$47,795$37,392$29,005$22,336$15,551
23 years$57,257$44,701$34,525$26,415$20,050$13,679
24 years$54,289$41,882$31,930$24,092$18,021$12,044
25 years$51,563$39,304$29,573$22,002$16,216$10,615
26 years$49,051$36,940$27,428$20,118$14,607$9,363
27 years$46,728$34,765$25,469$18,414$13,170$8,264
28 years$44,576$32,759$23,677$16,871$11,883$7,299
29 years$42,575$30,904$22,033$15,471$10,730$6,450
30 years$40,711$29,186$20,523$14,199$9,695$5,703
31 years$38,971$27,590$19,133$13,041$8,766$5,044
32 years$37,343$26,106$17,851$11,985$7,929$4,463
33 years$35,817$24,723$16,668$11,021$7,176$3,950
34 years$34,384$23,431$15,574$10,140$6,497$3,497
35 years$33,035$22,224$14,560$9,335$5,884$3,097
36 years$31,765$21,094$13,621$8,597$5,332$2,743
37 years$30,565$20,035$12,749$7,921$4,832$2,430
38 years$29,432$19,040$11,939$7,301$4,381$2,153
39 years$28,360$18,105$11,185$6,732$3,973$1,908
40 years$27,343$17,226$10,484$6,209$3,603$1,692
41 years$26,379$16,397$9,831$5,729$3,269$1,500
42 years$25,463$15,616$9,221$5,287$2,966$1,329
43 years$24,592$14,879$8,653$4,880$2,692$1,179
44 years$23,763$14,183$8,122$4,506$2,444$1,045
45 years$22,973$13,525$7,627$4,162$2,218$927
46 years$22,219$12,902$7,163$3,844$2,014$822
47 years$21,500$12,312$6,730$3,552$1,829$729
48 years$20,813$11,754$6,324$3,282$1,661$647
49 years$20,156$11,224$5,944$3,033$1,509$574
50 years$19,527$10,722$5,588$2,803$1,370$509

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $20,000,000, adding $5,107 every year, while hoping to spend $37,909 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: 75/7/18 Blend
79$20,000,000$20,000,000$20,000,000$20,000,000
80$22,045,268$20,985,268$20,675,268$23,607,129
81$24,253,550$21,973,211$21,327,554$25,630,084
82$26,685,807$23,008,293$22,000,422$27,841,633
83$29,364,843$24,092,783$22,694,520$30,264,727
84$32,315,789$25,229,062$23,410,519$32,920,434
85$35,566,338$26,419,624$24,149,109$35,831,955
86$39,147,004$27,667,085$24,911,003$39,024,835
87$43,091,414$28,974,187$25,696,938$42,527,206
88$47,436,623$30,343,808$26,507,670$46,370,044
89$52,223,465$31,778,961$27,343,984$50,587,468
90$57,496,937$33,282,808$28,206,686$55,217,048
91$63,306,623$34,858,665$29,096,608$60,300,166
92$69,707,165$36,510,005$30,014,611$65,882,396
93$76,758,775$38,240,475$30,961,579$72,013,938
94$84,527,805$40,053,894$31,938,428$78,750,083
95$93,087,376$41,954,269$32,946,099$86,151,733
96$102,518,061$43,945,800$33,985,566$94,285,973
97$112,908,653$46,032,894$35,057,833$103,226,700
98$124,356,998$48,220,169$36,163,933$113,055,316
99$136,970,922$50,512,467$37,304,934$123,861,494
100$150,869,245$52,914,868$38,481,939$135,744,015