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%14.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,567,762
2 years$817,615$802,387$787,630$773,321$759,442$732,257
3 years$539,662$524,369$509,648$495,474$481,821$455,363
4 years$400,713$385,467$370,894$356,961$343,639$318,112
5 years$317,365$302,211$287,829$274,180$261,229$236,707
6 years$261,818$246,778$232,608$219,264$206,701$183,212
7 years$222,157$207,243$193,299$180,269$168,104$145,653
8 years$192,425$177,646$163,933$151,223$139,458$118,043
9 years$169,313$154,673$141,195$128,809$117,444$97,051
10 years$150,833$136,336$123,097$111,034$100,068$80,681
11 years$135,724$121,372$108,373$96,633$86,062$67,659
12 years$123,141$108,937$96,178$84,760$74,579$57,137
13 years$112,503$98,447$85,929$74,831$65,035$48,526
14 years$103,392$89,486$77,207$66,426$57,009$41,406
15 years$95,503$81,747$69,708$59,241$50,195$35,468
16 years$88,608$75,001$63,201$53,044$44,363$30,481
17 years$82,529$69,073$57,510$47,659$39,335$26,267
18 years$77,132$63,827$52,499$42,951$34,975$22,688
19 years$72,309$59,154$48,060$38,809$31,174$19,635
20 years$67,974$54,969$44,107$35,149$27,845$17,022
21 years$64,056$51,201$40,570$31,900$24,918$14,778
22 years$60,500$47,795$37,392$29,005$22,336$12,845
23 years$57,257$44,701$34,525$26,415$20,050$11,178
24 years$54,289$41,882$31,930$24,092$18,021$9,736
25 years$51,563$39,304$29,573$22,002$16,216$8,486
26 years$49,051$36,940$27,428$20,118$14,607$7,402
27 years$46,728$34,765$25,469$18,414$13,170$6,461
28 years$44,576$32,759$23,677$16,871$11,883$5,642
29 years$42,575$30,904$22,033$15,471$10,730$4,929
30 years$40,711$29,186$20,523$14,199$9,695$4,308
31 years$38,971$27,590$19,133$13,041$8,766$3,767
32 years$37,343$26,106$17,851$11,985$7,929$3,294
33 years$35,817$24,723$16,668$11,021$7,176$2,882
34 years$34,384$23,431$15,574$10,140$6,497$2,522
35 years$33,035$22,224$14,560$9,335$5,884$2,207
36 years$31,765$21,094$13,621$8,597$5,332$1,932
37 years$30,565$20,035$12,749$7,921$4,832$1,691
38 years$29,432$19,040$11,939$7,301$4,381$1,481
39 years$28,360$18,105$11,185$6,732$3,973$1,297
40 years$27,343$17,226$10,484$6,209$3,603$1,136
41 years$26,379$16,397$9,831$5,729$3,269$995
42 years$25,463$15,616$9,221$5,287$2,966$871
43 years$24,592$14,879$8,653$4,880$2,692$763
44 years$23,763$14,183$8,122$4,506$2,444$669
45 years$22,973$13,525$7,627$4,162$2,218$586
46 years$22,219$12,902$7,163$3,844$2,014$513
47 years$21,500$12,312$6,730$3,552$1,829$450
48 years$20,813$11,754$6,324$3,282$1,661$394
49 years$20,156$11,224$5,944$3,033$1,509$345
50 years$19,527$10,722$5,588$2,803$1,370$303

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 $5,738 every year, while hoping to spend $59,257 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: 52/30/18 Blend
79$20,000,000$20,000,000$20,000,000$20,000,000
80$22,045,919$20,985,919$20,675,919$23,083,366
81$24,231,553$21,951,180$21,305,513$24,761,801
82$26,638,137$22,961,753$21,954,213$26,579,721
83$29,288,143$24,019,795$22,622,595$28,555,737
84$32,206,337$25,127,568$23,311,255$30,704,863
85$35,420,007$26,287,442$24,020,806$33,043,595
86$38,959,223$27,501,902$24,751,878$35,590,065
87$42,857,120$28,773,551$25,505,122$38,364,201
88$47,150,210$30,105,119$26,281,207$41,387,909
89$51,878,727$31,499,466$27,080,824$44,685,274
90$57,087,008$32,959,591$27,904,682$48,282,779
91$62,823,908$34,488,636$28,753,515$52,209,545
92$69,143,264$36,089,896$29,628,074$56,497,599
93$76,104,401$37,766,825$30,529,139$61,182,169
94$83,772,692$39,523,042$31,457,507$66,302,005
95$92,220,176$41,362,340$32,414,003$71,899,735
96$101,526,238$43,288,699$33,399,476$78,022,260
97$111,778,356$45,306,287$34,414,800$84,721,182
98$123,072,927$47,419,474$35,460,875$92,053,286
99$135,516,180$49,632,843$36,538,629$100,081,057
100$149,225,174$51,951,196$37,649,017$108,873,266