Can I retire at age 80 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,360,629
2 years$703,148$690,053$677,361$665,056$653,120$642,109
3 years$464,109$450,957$438,298$426,108$414,366$403,608
4 years$344,613$331,501$318,968$306,987$295,529$285,108
5 years$272,934$259,901$247,533$235,795$224,657$214,602
6 years$225,164$212,229$200,043$188,567$177,763$168,088
7 years$191,055$178,229$166,237$155,032$144,569$135,278
8 years$165,486$152,776$140,982$130,052$119,934$111,027
9 years$145,609$133,019$121,428$110,776$101,002$92,477
10 years$129,717$117,249$105,863$95,490$86,059$77,910
11 years$116,722$104,380$93,200$83,105$74,013$66,235
12 years$105,901$93,686$82,713$72,894$64,138$56,724
13 years$96,753$84,665$73,899$64,354$55,930$48,871
14 years$88,917$76,958$66,398$57,127$49,028$42,315
15 years$82,133$70,302$59,949$50,947$43,168$36,793
16 years$76,202$64,501$54,352$45,617$38,152$32,104
17 years$70,975$59,403$49,458$40,987$33,828$28,098
18 years$66,334$54,891$45,149$36,937$30,078$24,655
19 years$62,186$50,873$41,332$33,376$26,810$21,682
20 years$58,457$47,273$37,932$30,229$23,947$19,104
21 years$55,088$44,033$34,890$27,434$21,430$16,861
22 years$52,030$41,103$32,157$24,944$19,209$14,903
23 years$49,241$38,443$29,691$22,717$17,243$13,189
24 years$46,689$36,019$27,459$20,719$15,498$11,685
25 years$44,344$33,802$25,433$18,922$13,946$10,363
26 years$42,184$31,768$23,588$17,301$12,562$9,198
27 years$40,186$29,898$21,903$15,836$11,326$8,171
28 years$38,335$28,172$20,362$14,509$10,219$7,263
29 years$36,615$26,577$18,949$13,305$9,228$6,460
30 years$35,012$25,100$17,650$12,211$8,338$5,748
31 years$33,515$23,727$16,454$11,215$7,538$5,118
32 years$32,115$22,451$15,352$10,307$6,819$4,558
33 years$30,803$21,261$14,334$9,478$6,171$4,061
34 years$29,570$20,151$13,393$8,721$5,587$3,620
35 years$28,410$19,113$12,522$8,028$5,061$3,227
36 years$27,318$18,141$11,714$7,393$4,585$2,878
37 years$26,286$17,230$10,964$6,812$4,156$2,567
38 years$25,312$16,374$10,267$6,279$3,768$2,290
39 years$24,389$15,570$9,619$5,789$3,417$2,043
40 years$23,515$14,814$9,016$5,340$3,099$1,824
41 years$22,686$14,102$8,454$4,927$2,811$1,628
42 years$21,898$13,430$7,930$4,547$2,551$1,453
43 years$21,149$12,796$7,442$4,197$2,315$1,297
44 years$20,436$12,197$6,985$3,875$2,102$1,158
45 years$19,757$11,631$6,559$3,579$1,908$1,034
46 years$19,109$11,096$6,160$3,306$1,732$924
47 years$18,490$10,589$5,788$3,054$1,573$825
48 years$17,899$10,108$5,439$2,822$1,428$737
49 years$17,334$9,653$5,112$2,608$1,297$658
50 years$16,793$9,221$4,806$2,411$1,178$588

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,200,000, adding $3,941 every year, while hoping to spend $58,471 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: 52/28/20 Blend
79$17,200,000$17,200,000$17,200,000$17,200,000
80$18,958,465$18,046,865$17,780,265$19,839,566
81$20,830,016$18,868,949$18,313,691$21,268,630
82$22,890,505$19,729,355$18,863,028$22,815,783
83$25,159,143$20,629,900$19,428,745$24,497,394
84$27,657,096$21,572,486$20,011,329$26,326,251
85$30,407,691$22,559,108$20,611,279$28,316,409
86$33,436,627$23,591,856$21,229,109$30,483,318
87$36,772,226$24,672,920$21,865,347$32,843,959
88$40,445,696$25,804,596$22,520,539$35,417,001
89$44,491,425$26,989,289$23,195,245$38,222,974
90$48,947,307$28,229,521$23,890,042$41,284,453
91$53,855,098$29,527,933$24,605,524$44,626,263
92$59,260,811$30,887,295$25,342,303$48,275,714
93$65,215,151$32,310,510$26,101,007$52,262,842
94$71,773,990$33,800,618$26,882,284$56,620,693
95$78,998,898$35,360,809$27,686,802$61,385,622
96$86,957,721$36,994,425$28,515,245$66,597,633
97$95,725,224$38,704,967$29,368,321$72,300,743
98$105,383,793$40,496,106$30,246,756$78,543,392
99$116,024,216$42,371,692$31,151,299$85,378,890
100$127,746,537$44,335,756$32,082,718$92,865,910