Can I retire at age 80 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,379,913
2 years$711,325$698,077$685,238$672,789$660,714$653,059
3 years$469,506$456,201$443,394$431,063$419,184$411,697
4 years$348,620$335,356$322,677$310,556$298,966$291,704
5 years$276,108$262,923$250,411$238,537$227,269$220,255
6 years$227,782$214,697$202,369$190,760$179,830$173,073
7 years$193,277$180,302$168,170$156,834$146,250$139,753
8 years$167,410$154,552$142,621$131,564$121,329$115,091
9 years$147,302$134,565$122,840$112,064$102,176$96,198
10 years$131,225$118,613$107,094$96,600$87,059$81,336
11 years$118,079$105,594$94,284$84,071$74,874$69,403
12 years$107,133$94,775$83,675$73,741$64,884$59,661
13 years$97,878$85,649$74,758$65,103$56,580$51,599
14 years$89,951$77,853$67,170$57,791$49,598$44,853
15 years$83,088$71,120$60,646$51,539$43,670$39,156
16 years$77,089$65,251$54,984$46,148$38,596$34,306
17 years$71,800$60,094$50,034$41,463$34,221$30,150
18 years$67,105$55,529$45,674$37,367$30,428$26,567
19 years$62,909$51,464$41,813$33,764$27,121$23,464
20 years$59,137$47,823$38,373$30,580$24,225$20,764
21 years$55,729$44,545$35,296$27,753$21,679$18,407
22 years$52,635$41,581$32,531$25,234$19,432$16,343
23 years$49,814$38,890$30,036$22,981$17,443$14,529
24 years$47,232$36,438$27,779$20,960$15,678$12,931
25 years$44,860$34,195$25,729$19,142$14,108$11,522
26 years$42,674$32,138$23,862$17,502$12,708$10,275
27 years$40,654$30,245$22,158$16,020$11,457$9,170
28 years$38,781$28,500$20,599$14,678$10,338$8,190
29 years$37,040$26,886$19,169$13,460$9,335$7,320
30 years$35,419$25,391$17,855$12,353$8,435$6,545
31 years$33,905$24,003$16,646$11,345$7,626$5,856
32 years$32,489$22,712$15,531$10,427$6,898$5,241
33 years$31,161$21,509$14,501$9,588$6,243$4,693
34 years$29,914$20,385$13,549$8,822$5,652$4,204
35 years$28,741$19,335$12,667$8,121$5,119$3,767
36 years$27,635$18,352$11,850$7,479$4,639$3,376
37 years$26,592$17,430$11,091$6,891$4,204$3,027
38 years$25,606$16,565$10,387$6,352$3,811$2,714
39 years$24,673$15,751$9,731$5,857$3,456$2,434
40 years$23,789$14,986$9,121$5,402$3,135$2,184
41 years$22,950$14,266$8,553$4,984$2,844$1,959
42 years$22,153$13,586$8,023$4,600$2,581$1,758
43 years$21,395$12,945$7,528$4,246$2,342$1,578
44 years$20,674$12,339$7,066$3,920$2,126$1,416
45 years$19,986$11,766$6,635$3,621$1,930$1,271
46 years$19,331$11,225$6,232$3,344$1,752$1,141
47 years$18,705$10,712$5,855$3,090$1,591$1,024
48 years$18,107$10,226$5,502$2,855$1,445$920
49 years$17,536$9,765$5,171$2,639$1,312$826
50 years$16,988$9,328$4,862$2,439$1,192$742

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,400,000, adding $3,875 every year, while hoping to spend $38,391 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: 86/5/9 Blend
79$17,400,000$17,400,000$17,400,000$17,400,000
80$19,178,797$18,256,597$17,986,897$20,806,367
81$21,094,187$19,110,323$18,548,610$22,722,824
82$23,203,659$20,004,594$19,127,854$24,822,917
83$25,526,971$20,941,357$19,725,176$27,129,582
84$28,085,891$21,922,653$20,341,139$29,663,612
85$30,904,409$22,950,620$20,976,324$32,447,909
86$34,008,959$24,027,501$21,631,331$35,507,697
87$37,428,671$25,155,647$22,306,779$38,870,764
88$41,195,644$26,337,521$23,003,304$42,567,720
89$45,345,249$27,575,709$23,721,564$46,632,285
90$49,916,464$28,872,920$24,462,237$51,101,603
91$54,952,243$30,231,992$25,226,021$56,016,597
92$60,499,917$31,655,904$26,013,637$61,422,346
93$66,611,643$33,147,779$26,825,829$67,368,515
94$73,344,899$34,710,888$27,663,363$73,909,818
95$80,763,021$36,348,664$28,527,028$81,106,535
96$88,935,805$38,064,704$29,417,639$89,025,078
97$97,940,165$39,862,782$30,336,037$97,738,614
98$107,860,855$41,746,852$31,283,088$107,327,758
99$118,791,276$43,721,062$32,259,686$117,881,325
100$130,834,352$45,789,759$33,266,750$129,497,173