Can I retire at age 80 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,468,890
2 years$772,646$758,256$744,310$730,788$717,673$679,413
3 years$509,981$495,529$481,618$468,223$455,321$418,220
4 years$378,674$364,266$350,494$337,328$324,739$289,082
5 years$299,910$285,589$271,998$259,101$246,861$212,747
6 years$247,418$233,205$219,815$207,205$195,333$162,796
7 years$209,939$195,845$182,667$170,354$158,858$127,901
8 years$181,842$167,875$154,916$142,906$131,788$102,397
9 years$160,000$146,166$133,429$121,724$110,985$83,134
10 years$142,537$128,838$116,327$104,928$94,564$68,221
11 years$128,259$114,697$102,412$91,318$81,329$56,453
12 years$116,368$102,946$90,888$80,099$70,478$47,028
13 years$106,315$93,033$81,203$70,715$61,458$39,386
14 years$97,706$84,564$72,961$62,773$53,874$33,131
15 years$90,251$77,251$65,874$55,982$47,435$27,969
16 years$83,734$70,876$59,724$50,126$41,923$23,681
17 years$77,990$65,274$54,347$45,038$37,172$20,101
18 years$72,890$60,317$49,612$40,588$33,051$17,097
19 years$68,332$55,901$45,417$36,675$29,459$14,568
20 years$64,235$51,946$41,681$33,216$26,314$12,431
21 years$60,533$48,385$38,339$30,146$23,548$10,620
22 years$57,172$45,166$35,335$27,409$21,107$9,083
23 years$54,108$42,243$32,626$24,962$18,947$7,775
24 years$51,303$39,579$30,173$22,767$17,030$6,661
25 years$48,727$37,143$27,947$20,792$15,324$5,710
26 years$46,353$34,908$25,919$19,011$13,804$4,898
27 years$44,158$32,853$24,068$17,402$12,445$4,203
28 years$42,124$30,957$22,374$15,944$11,230$3,608
29 years$40,233$29,204$20,821$14,621$10,140$3,098
30 years$38,472$27,580$19,394$13,418$9,162$2,662
31 years$36,828$26,073$18,081$12,323$8,283$2,287
32 years$35,289$24,670$16,870$11,326$7,493$1,966
33 years$33,847$23,363$15,751$10,415$6,781$1,690
34 years$32,493$22,143$14,717$9,582$6,140$1,453
35 years$31,218$21,002$13,759$8,821$5,561$1,249
36 years$30,018$19,934$12,872$8,124$5,038$1,074
37 years$28,884$18,933$12,048$7,485$4,566$924
38 years$27,813$17,993$11,282$6,899$4,140$795
39 years$26,800$17,109$10,570$6,362$3,754$683
40 years$25,839$16,278$9,907$5,868$3,405$588
41 years$24,928$15,495$9,290$5,414$3,089$506
42 years$24,062$14,757$8,714$4,996$2,803$435
43 years$23,239$14,061$8,177$4,612$2,544$374
44 years$22,456$13,403$7,676$4,258$2,309$322
45 years$21,709$12,781$7,207$3,933$2,096$277
46 years$20,997$12,192$6,769$3,633$1,903$238
47 years$20,318$11,635$6,360$3,356$1,728$205
48 years$19,668$11,107$5,976$3,101$1,570$177
49 years$19,047$10,607$5,617$2,866$1,426$152
50 years$18,453$10,132$5,281$2,649$1,295$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $18,900,000, adding $4,782 every year, while hoping to spend $38,513 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: 60/24/16 Blend
79$18,900,000$18,900,000$18,900,000$18,900,000
80$20,832,733$19,831,033$19,538,083$21,997,695
81$22,916,694$20,761,776$20,151,631$23,714,986
82$25,211,928$21,736,834$20,784,442$25,582,818
83$27,739,945$22,758,339$21,437,121$27,619,548
84$30,524,446$23,828,525$22,110,292$29,841,514
85$33,591,550$24,949,733$22,804,597$32,266,679
86$36,970,037$26,124,419$23,520,699$34,914,803
87$40,691,623$27,355,157$24,259,284$37,807,616
88$44,791,255$28,644,646$25,021,057$40,969,023
89$49,307,446$29,995,717$25,806,746$44,425,321
90$54,282,634$31,411,336$26,617,100$48,205,442
91$59,763,585$32,894,614$27,452,896$52,341,218
92$65,801,833$34,448,812$28,314,930$56,867,676
93$72,454,166$36,077,350$29,204,027$61,823,363
94$79,783,165$37,783,814$30,121,035$67,250,699
95$87,857,790$39,571,963$31,066,832$73,196,374
96$96,754,034$41,445,739$32,042,320$79,711,775
97$106,555,640$43,409,274$33,048,432$86,853,468
98$117,354,889$45,466,902$34,086,129$94,683,720
99$129,253,475$47,623,168$35,156,401$103,271,077
100$142,363,460$49,882,834$36,260,271$112,691,006