Can I retire at age 80 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,483,889
2 years$776,734$762,268$748,248$734,655$721,470$690,181
3 years$512,679$498,150$484,166$470,701$457,730$427,326
4 years$380,677$366,193$352,349$339,113$326,457$297,172
5 years$301,497$287,100$273,437$260,471$248,167$220,084
6 years$248,727$234,439$220,978$208,301$196,366$169,515
7 years$211,050$196,881$183,634$171,256$159,698$134,085
8 years$182,804$168,764$155,736$143,662$132,485$108,101
9 years$160,847$146,939$134,135$122,368$111,572$88,401
10 years$143,292$129,520$116,942$105,483$95,065$73,085
11 years$128,937$115,304$102,954$91,802$81,759$60,942
12 years$116,984$103,490$91,369$80,522$70,850$51,166
13 years$106,878$93,525$81,632$71,089$61,783$43,197
14 years$98,223$85,012$73,347$63,105$54,159$36,635
15 years$90,728$77,660$66,222$56,279$47,686$31,187
16 years$84,177$71,251$60,040$50,391$42,145$26,632
17 years$78,403$65,620$54,634$45,276$37,368$22,803
18 years$73,276$60,636$49,874$40,803$33,226$19,567
19 years$68,694$56,197$45,657$36,869$29,615$16,822
20 years$64,575$52,221$41,902$33,392$26,453$14,485
21 years$60,853$48,641$38,542$30,305$23,672$12,490
22 years$57,475$45,405$35,522$27,554$21,219$10,782
23 years$54,394$42,466$32,798$25,094$19,047$9,316
24 years$51,575$39,788$30,333$22,888$17,120$8,057
25 years$48,985$37,339$28,094$20,902$15,406$6,973
26 years$46,598$35,093$26,056$19,112$13,877$6,039
27 years$44,392$33,026$24,195$17,494$12,511$5,233
28 years$42,347$31,121$22,493$16,028$11,289$4,536
29 years$40,446$29,359$20,931$14,698$10,194$3,934
30 years$38,676$27,726$19,497$13,489$9,211$3,413
31 years$37,023$26,211$18,176$12,389$8,327$2,962
32 years$35,476$24,800$16,959$11,385$7,533$2,571
33 years$34,026$23,486$15,835$10,470$6,817$2,233
34 years$32,665$22,260$14,795$9,633$6,172$1,939
35 years$31,384$21,113$13,832$8,868$5,590$1,684
36 years$30,176$20,039$12,940$8,167$5,065$1,463
37 years$29,037$19,033$12,111$7,525$4,591$1,271
38 years$27,961$18,088$11,342$6,936$4,162$1,104
39 years$26,942$17,200$10,626$6,395$3,774$960
40 years$25,976$16,364$9,960$5,899$3,423$834
41 years$25,060$15,577$9,339$5,442$3,106$725
42 years$24,190$14,835$8,760$5,023$2,818$630
43 years$23,362$14,135$8,220$4,636$2,558$548
44 years$22,575$13,474$7,716$4,281$2,321$476
45 years$21,824$12,848$7,245$3,954$2,107$414
46 years$21,108$12,257$6,805$3,652$1,913$360
47 years$20,425$11,697$6,393$3,374$1,738$313
48 years$19,772$11,166$6,008$3,118$1,578$272
49 years$19,148$10,663$5,647$2,881$1,433$236
50 years$18,551$10,186$5,309$2,663$1,302$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,000,000, adding $5,756 every year, while hoping to spend $28,212 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: 39/39/22 Blend
79$19,000,000$19,000,000$19,000,000$19,000,000
80$20,943,937$19,936,937$19,642,437$21,623,393
81$23,050,202$20,883,830$20,270,442$23,061,179
82$25,370,359$21,876,175$20,918,539$24,611,735
83$27,926,198$22,916,169$21,587,371$26,287,792
84$30,741,726$24,006,117$22,277,604$28,100,763
85$33,843,400$25,148,435$22,989,922$30,063,163
86$37,260,374$26,345,656$23,725,032$32,188,718
87$41,024,775$27,600,436$24,483,664$34,492,489
88$45,172,007$28,915,562$25,266,571$36,991,002
89$49,741,081$30,293,954$26,074,531$39,702,396
90$54,774,989$31,738,676$26,908,345$42,646,584
91$60,321,106$33,252,939$27,768,843$45,845,429
92$66,431,637$34,840,111$28,656,877$49,322,939
93$73,164,113$36,503,725$29,573,331$53,105,485
94$80,581,929$38,247,484$30,519,114$57,222,037
95$88,754,947$40,075,272$31,495,166$61,704,422
96$97,760,154$41,991,163$32,502,456$66,587,614
97$107,682,386$43,999,426$33,541,985$71,910,049
98$118,615,132$46,104,541$34,614,784$77,713,974
99$130,661,417$48,311,205$35,721,921$84,045,830
100$143,934,770$50,624,342$36,864,494$90,956,676