Can I retire at age 80 with 19,600,000?

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 $19,600,000?

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$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,523,911
2 years$801,262$786,339$771,877$757,855$744,253$705,188
3 years$528,869$513,882$499,455$485,565$472,185$434,296
4 years$392,699$377,757$363,476$349,822$336,766$300,346
5 years$311,018$296,166$282,072$268,697$256,004$221,153
6 years$256,582$241,842$227,956$214,879$202,567$169,320
7 years$217,714$203,099$189,433$176,664$164,742$133,102
8 years$188,577$174,093$160,654$148,199$136,669$106,623
9 years$165,926$151,579$138,371$126,233$115,095$86,617
10 years$147,817$133,610$120,635$108,814$98,067$71,124
11 years$133,009$118,945$106,205$94,701$84,341$58,893
12 years$120,678$106,759$94,254$83,065$73,088$49,092
13 years$110,253$96,479$84,210$73,334$63,734$41,143
14 years$101,324$87,696$75,663$65,098$55,869$34,632
15 years$93,593$80,112$68,314$58,056$49,191$29,257
16 years$86,835$73,501$61,936$51,983$43,475$24,790
17 years$80,879$67,692$56,360$46,706$38,548$21,057
18 years$75,590$62,550$51,449$42,092$34,275$17,924
19 years$70,863$57,971$47,099$38,033$30,550$15,283
20 years$66,614$53,870$43,225$34,446$27,288$13,051
21 years$62,775$50,177$39,759$31,262$24,420$11,159
22 years$59,290$46,839$36,644$28,425$21,889$9,551
23 years$56,112$43,807$33,834$25,887$19,649$8,183
24 years$53,204$41,045$31,291$23,610$17,661$7,015
25 years$50,532$38,518$28,982$21,562$15,892$6,019
26 years$48,070$36,201$26,879$19,715$14,315$5,167
27 years$45,794$34,069$24,960$18,046$12,906$4,437
28 years$43,684$32,103$23,203$16,534$11,645$3,812
29 years$41,724$30,286$21,592$15,162$10,516$3,277
30 years$39,897$28,602$20,113$13,915$9,501$2,817
31 years$38,192$27,038$18,750$12,780$8,590$2,422
32 years$36,596$25,584$17,494$11,745$7,770$2,084
33 years$35,101$24,228$16,335$10,800$7,032$1,793
34 years$33,696$22,963$15,262$9,937$6,367$1,542
35 years$32,375$21,780$14,269$9,148$5,767$1,327
36 years$31,129$20,672$13,348$8,425$5,225$1,142
37 years$29,954$19,634$12,494$7,763$4,736$983
38 years$28,843$18,659$11,700$7,155$4,293$847
39 years$27,792$17,743$10,962$6,597$3,893$729
40 years$26,796$16,881$10,274$6,085$3,531$627
41 years$25,851$16,069$9,634$5,614$3,204$540
42 years$24,954$15,304$9,037$5,181$2,907$465
43 years$24,100$14,581$8,480$4,783$2,638$401
44 years$23,288$13,899$7,960$4,416$2,395$345
45 years$22,513$13,254$7,474$4,078$2,174$297
46 years$21,775$12,644$7,020$3,767$1,974$256
47 years$21,070$12,066$6,595$3,481$1,792$220
48 years$20,397$11,519$6,198$3,216$1,628$190
49 years$19,753$11,000$5,825$2,972$1,478$163
50 years$19,136$10,507$5,477$2,747$1,343$141

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,600,000, adding $4,562 every year, while hoping to spend $55,187 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: 82/11/7 Blend
79$19,600,000$19,600,000$19,600,000$19,600,000
80$21,603,906$20,565,106$20,261,306$23,360,535
81$23,748,786$21,514,077$20,881,341$25,458,888
82$26,110,593$22,507,699$21,520,298$27,754,160
83$28,711,398$23,548,100$22,178,752$30,272,213
84$31,575,516$24,637,513$22,857,296$33,035,322
85$34,729,745$25,778,277$23,556,541$36,068,014
86$38,203,611$26,972,845$24,277,117$39,397,301
87$42,029,652$28,223,786$25,019,673$43,052,928
88$46,243,720$29,533,796$25,784,876$47,067,653
89$50,885,326$30,905,698$26,573,415$51,477,554
90$55,998,005$32,342,453$27,386,000$56,322,366
91$61,629,731$33,847,163$28,223,362$61,645,850
92$67,833,372$35,423,083$29,086,253$67,496,210
93$74,667,183$37,073,620$29,975,449$73,926,537
94$82,195,359$38,802,351$30,891,749$80,995,310
95$90,488,640$40,613,021$31,835,978$88,766,948
96$99,624,981$42,509,558$32,808,982$97,312,405
97$109,690,283$44,496,081$33,811,638$106,709,846
98$120,779,208$46,576,905$34,844,844$117,045,373
99$132,996,070$48,756,556$35,909,528$128,413,839
100$146,455,819$51,039,777$37,006,648$140,919,734