Can I retire at age 80 with 16,600,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,296,451
2 years$678,620$665,981$653,733$641,856$630,337$603,000
3 years$447,919$435,226$423,008$411,244$399,912$373,348
4 years$332,592$319,937$307,842$296,278$285,220$259,634
5 years$263,413$250,835$238,898$227,570$216,820$192,284
6 years$217,309$204,825$193,065$181,989$171,562$148,103
7 years$184,391$172,012$160,438$149,624$139,526$117,148
8 years$159,713$147,446$136,064$125,515$115,750$94,447
9 years$140,529$128,378$117,192$106,911$97,479$77,235
10 years$125,192$113,159$102,171$92,159$83,057$63,853
11 years$112,651$100,739$89,949$80,206$71,431$53,244
12 years$102,207$90,418$79,828$70,351$61,901$44,703
13 years$93,377$81,711$71,321$62,109$53,979$37,740
14 years$85,816$74,273$64,082$55,134$47,318$32,007
15 years$79,268$67,850$57,857$49,170$41,662$27,248
16 years$73,544$62,251$52,456$44,026$36,821$23,268
17 years$68,499$57,331$47,733$39,557$32,648$19,922
18 years$64,020$52,976$43,574$35,649$29,029$17,095
19 years$60,017$49,098$39,890$32,212$25,874$14,697
20 years$56,418$45,624$36,609$29,174$23,111$12,655
21 years$53,167$42,497$33,673$26,477$20,682$10,912
22 years$50,215$39,670$31,035$24,074$18,539$9,420
23 years$47,523$37,102$28,656$21,925$16,641$8,140
24 years$45,060$34,762$26,501$19,996$14,958$7,040
25 years$42,797$32,623$24,546$18,262$13,460$6,093
26 years$40,712$30,660$22,765$16,698$12,124$5,276
27 years$38,785$28,855$21,139$15,284$10,931$4,572
28 years$36,998$27,190$19,652$14,003$9,863$3,963
29 years$35,337$25,650$18,288$12,841$8,906$3,437
30 years$33,790$24,224$17,034$11,785$8,047$2,982
31 years$32,346$22,900$15,880$10,824$7,275$2,588
32 years$30,995$21,668$14,817$9,947$6,581$2,246
33 years$29,728$20,520$13,834$9,147$5,956$1,951
34 years$28,538$19,448$12,926$8,416$5,392$1,694
35 years$27,419$18,446$12,085$7,748$4,884$1,471
36 years$26,365$17,508$11,305$7,135$4,425$1,278
37 years$25,369$16,629$10,582$6,574$4,011$1,110
38 years$24,429$15,803$9,909$6,060$3,636$965
39 years$23,538$15,027$9,284$5,587$3,297$838
40 years$22,695$14,297$8,702$5,154$2,991$729
41 years$21,894$13,610$8,159$4,755$2,713$633
42 years$21,134$12,961$7,654$4,388$2,462$551
43 years$20,411$12,350$7,182$4,051$2,234$479
44 years$19,723$11,772$6,742$3,740$2,028$416
45 years$19,067$11,225$6,330$3,454$1,841$362
46 years$18,442$10,709$5,945$3,191$1,672$314
47 years$17,845$10,219$5,586$2,948$1,518$273
48 years$17,275$9,756$5,249$2,724$1,379$238
49 years$16,729$9,316$4,934$2,517$1,252$207
50 years$16,207$8,899$4,638$2,327$1,137$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,600,000, adding $6,837 every year, while hoping to spend $38,015 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: 42/43/15 Blend