Can I retire at age 80 with 18,700,000?

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 $18,700,000?

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$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,479,288
2 years$764,470$750,232$736,434$723,055$710,078$698,107
3 years$504,584$490,285$476,521$463,268$450,503$438,807
4 years$374,667$360,411$346,785$333,759$321,302$309,972
5 years$296,736$282,567$269,120$256,359$244,249$233,317
6 years$244,800$230,737$217,489$205,012$193,266$182,747
7 years$207,717$193,773$180,734$168,552$157,177$147,076
8 years$179,918$166,099$153,277$141,394$130,393$120,710
9 years$158,307$144,619$132,017$120,436$109,810$100,541
10 years$141,029$127,475$115,096$103,817$93,564$84,704
11 years$126,902$113,483$101,328$90,352$80,468$72,012
12 years$115,137$101,856$89,926$79,251$69,732$61,671
13 years$105,190$92,048$80,343$69,967$60,807$53,133
14 years$96,672$83,669$72,189$62,109$53,303$46,006
15 years$89,296$76,434$65,177$55,390$46,933$40,002
16 years$82,848$70,126$59,092$49,596$41,479$34,904
17 years$77,165$64,584$53,772$44,561$36,778$30,548
18 years$72,119$59,678$49,087$40,159$32,702$26,805
19 years$67,609$55,309$44,936$36,287$29,148$23,573
20 years$63,555$51,396$41,240$32,865$26,035$20,770
21 years$59,893$47,873$37,933$29,827$23,299$18,331
22 years$56,567$44,688$34,961$27,119$20,884$16,202
23 years$53,535$41,796$32,281$24,698$18,747$14,339
24 years$50,760$39,160$29,854$22,526$16,850$12,704
25 years$48,211$36,750$27,651$20,572$15,162$11,267
26 years$45,862$34,539$25,645$18,810$13,658$10,000
27 years$43,691$32,505$23,813$17,217$12,314$8,883
28 years$41,678$30,629$22,138$15,775$11,111$7,896
29 years$39,808$28,895$20,601$14,466$10,033$7,023
30 years$38,065$27,288$19,189$13,276$9,065$6,250
31 years$36,438$25,797$17,889$12,193$8,196$5,564
32 years$34,916$24,409$16,691$11,206$7,414$4,956
33 years$33,489$23,116$15,585$10,305$6,709$4,415
34 years$32,149$21,908$14,561$9,481$6,075$3,935
35 years$30,888$20,780$13,614$8,728$5,502$3,508
36 years$29,700$19,723$12,735$8,038$4,985$3,129
37 years$28,579$18,732$11,920$7,406$4,518$2,791
38 years$27,519$17,802$11,163$6,826$4,096$2,490
39 years$26,516$16,928$10,458$6,294$3,714$2,222
40 years$25,566$16,106$9,802$5,806$3,369$1,983
41 years$24,664$15,331$9,192$5,356$3,057$1,770
42 years$23,808$14,601$8,622$4,943$2,774$1,580
43 years$22,993$13,912$8,091$4,563$2,517$1,410
44 years$22,218$13,261$7,594$4,213$2,285$1,259
45 years$21,480$12,645$7,131$3,891$2,074$1,125
46 years$20,775$12,063$6,698$3,594$1,883$1,004
47 years$20,103$11,512$6,292$3,321$1,710$897
48 years$19,460$10,990$5,913$3,068$1,553$801
49 years$18,846$10,495$5,558$2,836$1,410$716
50 years$18,258$10,025$5,225$2,621$1,281$639

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,700,000, adding $4,659 every year, while hoping to spend $23,466 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: 53/42/5 Blend
79$18,700,000$18,700,000$18,700,000$18,700,000
80$20,612,206$19,621,106$19,331,256$21,682,008
81$22,689,683$20,557,572$19,953,885$23,342,414
82$24,978,277$21,539,139$20,596,586$25,144,820
83$27,499,495$22,567,992$21,260,006$27,104,999
84$30,277,042$23,646,421$21,944,815$29,237,839
85$33,337,035$24,776,830$22,651,700$31,559,688
86$36,708,257$25,961,739$23,381,377$34,088,505
87$40,422,425$27,203,790$24,134,579$36,844,017
88$44,514,491$28,505,755$24,912,066$39,847,897
89$49,022,970$29,870,538$25,714,621$43,123,962
90$53,990,306$31,301,188$26,543,054$46,698,387
91$59,463,271$32,800,900$27,398,200$50,599,939
92$65,493,406$34,373,025$28,280,921$54,860,243
93$72,137,509$36,021,078$29,192,107$59,514,067
94$79,458,168$37,748,745$30,132,677$64,599,638
95$87,524,358$39,559,890$31,103,578$70,158,992
96$96,412,086$41,458,568$32,105,791$76,238,359
97$106,205,109$43,449,028$33,140,325$82,888,585
98$116,995,729$45,535,729$34,208,225$90,165,595
99$128,885,659$47,723,346$35,310,567$98,130,913
100$141,986,988$50,016,782$36,448,462$106,852,223