Can I retire at age 80 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,422,835
2 years$748,117$734,184$720,681$707,589$694,889$658,415
3 years$493,791$479,798$466,328$453,359$440,866$405,491
4 years$366,652$352,702$339,368$326,620$314,430$280,425
5 years$290,389$276,523$263,363$250,875$239,024$206,485
6 years$239,564$225,802$212,837$200,627$189,132$158,090
7 years$203,274$189,628$176,868$164,946$153,815$124,274
8 years$176,069$162,546$149,998$138,369$127,604$99,551
9 years$154,921$141,526$129,193$117,860$107,461$80,872
10 years$138,012$124,748$112,634$101,597$91,562$66,406
11 years$124,187$111,056$99,161$88,419$78,747$54,987
12 years$112,674$99,678$88,003$77,556$68,240$45,836
13 years$102,940$90,079$78,625$68,470$59,507$38,414
14 years$94,604$81,880$70,645$60,780$52,163$32,335
15 years$87,386$74,799$63,783$54,205$45,929$27,316
16 years$81,076$68,626$57,828$48,535$40,592$23,146
17 years$75,514$63,202$52,621$43,608$35,992$19,660
18 years$70,576$58,402$48,037$39,300$32,002$16,735
19 years$66,163$54,126$43,975$35,511$28,524$14,270
20 years$62,196$50,297$40,358$32,162$25,478$12,186
21 years$58,611$46,849$37,122$29,189$22,800$10,419
22 years$55,357$43,732$34,214$26,539$20,437$8,918
23 years$52,390$40,902$31,590$24,170$18,346$7,640
24 years$49,675$38,322$29,216$22,044$16,489$6,550
25 years$47,180$35,964$27,059$20,132$14,838$5,620
26 years$44,881$33,800$25,096$18,408$13,365$4,824
27 years$42,756$31,810$23,304$16,849$12,050$4,143
28 years$40,787$29,974$21,664$15,437$10,873$3,559
29 years$38,956$28,277$20,160$14,156$9,818$3,059
30 years$37,251$26,705$18,779$12,992$8,871$2,630
31 years$35,659$25,245$17,507$11,932$8,020$2,262
32 years$34,169$23,887$16,334$10,966$7,255$1,945
33 years$32,773$22,621$15,251$10,084$6,566$1,674
34 years$31,461$21,440$14,250$9,278$5,945$1,440
35 years$30,227$20,335$13,323$8,541$5,384$1,239
36 years$29,065$19,301$12,463$7,866$4,878$1,067
37 years$27,967$18,332$11,665$7,248$4,421$918
38 years$26,930$17,422$10,924$6,680$4,008$790
39 years$25,949$16,566$10,235$6,160$3,635$680
40 years$25,019$15,761$9,593$5,681$3,297$586
41 years$24,137$15,003$8,995$5,242$2,991$504
42 years$23,299$14,289$8,438$4,838$2,714$434
43 years$22,502$13,614$7,918$4,466$2,463$374
44 years$21,743$12,977$7,432$4,123$2,236$322
45 years$21,020$12,375$6,978$3,808$2,030$277
46 years$20,331$11,805$6,554$3,517$1,843$239
47 years$19,673$11,266$6,158$3,250$1,674$206
48 years$19,044$10,755$5,786$3,003$1,520$177
49 years$18,443$10,270$5,439$2,775$1,380$153
50 years$17,867$9,810$5,113$2,565$1,254$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,300,000, adding $5,609 every year, while hoping to spend $59,140 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: 37/39/24 Blend
79$18,300,000$18,300,000$18,300,000$18,300,000
80$20,172,386$19,202,486$18,918,836$20,773,270
81$22,167,045$20,080,483$19,489,692$22,091,824
82$24,363,176$20,999,520$20,077,690$23,509,237
83$26,781,269$21,961,545$20,683,342$25,039,123
84$29,443,899$22,968,601$21,307,173$26,691,652
85$32,375,941$24,022,827$21,949,728$28,477,978
86$35,604,807$25,126,466$22,611,565$30,410,333
87$39,160,703$26,281,869$23,293,258$32,502,139
88$43,076,914$27,491,499$23,995,401$34,768,120
89$47,390,115$28,757,938$24,718,602$37,224,440
90$52,140,722$30,083,892$25,463,491$39,888,841
91$57,373,270$31,472,198$26,230,713$42,780,802
92$63,136,836$32,925,828$27,020,934$45,921,715
93$69,485,498$34,447,898$27,834,840$49,335,074
94$76,478,847$36,041,673$28,673,135$53,046,689
95$84,182,551$37,710,577$29,536,547$57,084,916
96$92,668,974$39,458,198$30,425,824$61,480,914
97$102,017,855$41,288,295$31,341,735$66,268,925
98$112,317,066$43,204,812$32,285,073$71,486,589
99$123,663,439$45,211,880$33,256,655$77,175,279
100$136,163,678$47,313,830$34,257,321$83,380,486