Can I retire at age 80 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,406,527
2 years$744,029$730,172$716,743$703,722$691,092$646,382
3 years$491,092$477,176$463,780$450,882$438,457$395,205
4 years$364,649$350,775$337,513$324,835$312,711$271,250
5 years$288,802$275,012$261,924$249,504$237,718$198,159
6 years$238,255$224,568$211,674$199,531$188,098$150,475
7 years$202,163$188,592$175,902$164,045$152,974$117,285
8 years$175,107$161,658$149,179$137,613$126,907$93,129
9 years$154,074$140,752$128,487$117,216$106,874$74,970
10 years$137,258$124,066$112,018$101,041$91,062$60,986
11 years$123,508$110,449$98,619$87,936$78,316$50,015
12 years$112,059$99,133$87,522$77,132$67,867$41,281
13 years$102,378$89,587$78,195$68,096$59,182$34,248
14 years$94,087$81,432$70,259$60,448$51,878$28,532
15 years$86,908$74,390$63,434$53,909$45,678$23,851
16 years$80,633$68,251$57,512$48,270$40,370$19,993
17 years$75,102$62,857$52,334$43,370$35,795$16,798
18 years$70,190$58,083$47,774$39,085$31,827$14,140
19 years$65,801$53,830$43,735$35,317$28,368$11,922
20 years$61,856$50,022$40,138$31,986$25,339$10,065
21 years$58,291$46,593$36,919$29,029$22,676$8,507
22 years$55,055$43,493$34,027$26,394$20,325$7,197
23 years$52,104$40,678$31,417$24,038$18,245$6,093
24 years$49,403$38,113$29,056$21,924$16,399$5,162
25 years$46,922$35,767$26,912$20,022$14,757$4,376
26 years$44,636$33,615$24,959$18,307$13,292$3,711
27 years$42,523$31,636$23,177$16,757$11,984$3,149
28 years$40,564$29,810$21,546$15,353$10,814$2,673
29 years$38,743$28,123$20,050$14,079$9,764$2,269
30 years$37,047$26,559$18,676$12,921$8,823$1,927
31 years$35,464$25,107$17,411$11,867$7,977$1,636
32 years$33,982$23,756$16,245$10,906$7,215$1,390
33 years$32,594$22,498$15,168$10,029$6,530$1,181
34 years$31,289$21,323$14,172$9,228$5,912$1,004
35 years$30,062$20,224$13,250$8,494$5,355$853
36 years$28,906$19,196$12,395$7,823$4,852$725
37 years$27,815$18,231$11,601$7,208$4,397$616
38 years$26,783$17,326$10,864$6,644$3,987$524
39 years$25,807$16,476$10,179$6,126$3,615$445
40 years$24,882$15,675$9,540$5,650$3,279$378
41 years$24,005$14,921$8,946$5,213$2,975$322
42 years$23,171$14,211$8,392$4,811$2,699$274
43 years$22,379$13,540$7,874$4,441$2,450$233
44 years$21,624$12,906$7,391$4,101$2,224$198
45 years$20,905$12,307$6,940$3,787$2,019$168
46 years$20,220$11,741$6,518$3,498$1,833$143
47 years$19,565$11,204$6,124$3,232$1,664$122
48 years$18,940$10,696$5,755$2,986$1,511$103
49 years$18,342$10,214$5,409$2,760$1,373$88
50 years$17,770$9,757$5,085$2,551$1,247$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,200,000, adding $5,134 every year, while hoping to spend $29,554 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: 35/41/24 Blend
79$18,200,000$18,200,000$18,200,000$18,200,000
80$20,061,696$19,097,096$18,814,996$20,617,799
81$22,076,543$20,001,408$19,413,853$21,934,748
82$24,295,915$20,949,041$20,031,781$23,351,661
83$26,740,641$21,942,087$20,669,388$24,879,908
84$29,433,675$22,982,738$21,327,301$26,529,441
85$32,400,311$24,073,294$22,006,168$28,311,165
86$35,668,423$25,216,165$22,706,654$30,237,034
87$39,268,726$26,413,881$23,429,451$32,320,152
88$43,235,066$27,669,091$24,175,268$34,574,892
89$47,604,743$28,984,576$24,944,839$37,017,016
90$52,418,857$30,363,251$25,738,921$39,663,819
91$57,722,701$31,808,171$26,558,296$42,534,279
92$63,566,186$33,322,541$27,403,769$45,649,224
93$70,004,314$34,909,723$28,276,172$49,031,520
94$77,097,694$36,573,239$29,176,363$52,706,274
95$84,913,116$38,316,785$30,105,229$56,701,054
96$93,524,182$40,144,235$31,063,682$61,046,143
97$103,012,000$42,059,654$32,052,666$65,774,805
98$113,465,948$44,067,301$33,073,155$70,923,587
99$124,984,520$46,171,644$34,126,151$76,532,650
100$137,676,256$48,377,370$35,212,692$82,646,129