Can I retire at age 80 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,564,286
2 years$805,350$790,351$775,815$761,721$748,050$741,368
3 years$531,567$516,503$502,004$488,042$474,594$468,055
4 years$394,702$379,685$365,330$351,607$338,484$332,139
5 years$312,605$297,677$283,511$270,068$257,310$251,178
6 years$257,891$243,076$229,119$215,975$203,601$197,689
7 years$218,825$204,135$190,399$177,565$165,582$159,894
8 years$189,539$174,981$161,474$148,955$137,366$131,902
9 years$166,773$152,353$139,077$126,877$115,682$110,441
10 years$148,571$134,291$121,251$109,369$98,567$93,547
11 years$133,688$119,552$106,747$95,184$84,771$79,968
12 years$121,294$107,303$94,735$83,489$73,461$68,871
13 years$110,815$96,971$84,640$73,708$64,059$59,679
14 years$101,841$88,144$76,049$65,430$56,154$51,978
15 years$94,071$80,521$68,662$58,352$49,442$45,466
16 years$87,278$73,876$62,253$52,248$43,697$39,915
17 years$81,291$68,037$56,647$46,944$38,745$35,152
18 years$75,975$62,870$51,712$42,306$34,450$31,040
19 years$71,225$58,267$47,339$38,227$30,706$27,473
20 years$66,954$54,144$43,446$34,622$27,427$24,365
21 years$63,095$50,433$39,962$31,422$24,544$21,646
22 years$59,592$47,078$36,831$28,570$22,001$19,261
23 years$56,398$44,031$34,007$26,019$19,749$17,162
24 years$53,475$41,254$31,451$23,731$17,751$15,310
25 years$50,790$38,715$29,130$21,672$15,973$13,672
26 years$48,315$36,386$27,016$19,816$14,388$12,221
27 years$46,027$34,243$25,087$18,138$12,972$10,933
28 years$43,907$32,267$23,322$16,618$11,705$9,788
29 years$41,936$30,440$21,703$15,239$10,569$8,769
30 years$40,101$28,748$20,215$13,986$9,550$7,860
31 years$38,387$27,176$18,846$12,845$8,634$7,049
32 years$36,783$25,714$17,584$11,805$7,810$6,325
33 years$35,280$24,352$16,418$10,856$7,068$5,677
34 years$33,868$23,080$15,340$9,988$6,399$5,098
35 years$32,540$21,891$14,342$9,195$5,796$4,579
36 years$31,288$20,778$13,416$8,468$5,252$4,115
37 years$30,107$19,734$12,558$7,802$4,760$3,698
38 years$28,991$18,754$11,760$7,191$4,315$3,325
39 years$27,934$17,834$11,017$6,631$3,913$2,989
40 years$26,933$16,967$10,327$6,116$3,549$2,689
41 years$25,983$16,151$9,683$5,643$3,220$2,418
42 years$25,081$15,382$9,083$5,208$2,922$2,176
43 years$24,223$14,656$8,523$4,807$2,652$1,958
44 years$23,406$13,970$8,001$4,439$2,407$1,762
45 years$22,628$13,322$7,512$4,099$2,185$1,585
46 years$21,886$12,708$7,056$3,787$1,984$1,427
47 years$21,178$12,128$6,629$3,498$1,802$1,285
48 years$20,501$11,577$6,229$3,233$1,636$1,156
49 years$19,854$11,056$5,855$2,987$1,486$1,041
50 years$19,234$10,561$5,505$2,761$1,350$937

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $19,700,000, adding $3,670 every year, while hoping to spend $44,482 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: 51/37/12 Blend
79$19,700,000$19,700,000$19,700,000$19,700,000
80$21,713,186$20,669,086$20,363,736$22,750,766
81$23,880,602$21,634,542$20,998,592$24,426,147
82$26,267,604$22,645,816$21,653,226$26,241,493
83$28,896,543$23,705,103$22,328,252$28,213,981
84$31,792,046$24,814,710$23,024,305$30,358,426
85$34,981,256$25,977,051$23,742,039$32,691,100
86$38,494,076$27,194,659$24,482,130$35,229,877
87$42,363,464$28,470,189$25,245,273$37,994,396
88$46,625,733$29,806,424$26,032,186$41,006,235
89$51,320,901$31,206,283$26,843,608$44,289,111
90$56,493,066$32,672,824$27,680,301$47,869,088
91$62,190,821$34,209,254$28,543,054$51,774,819
92$68,467,714$35,818,937$29,432,675$56,037,806
93$75,382,753$37,505,397$30,350,002$60,692,685
94$83,000,963$39,272,330$31,295,896$65,777,541
95$91,393,999$41,123,612$32,271,246$71,334,262
96$100,640,823$43,063,306$33,276,970$77,408,916
97$110,828,450$45,095,670$34,314,010$84,052,177
98$122,052,765$47,225,172$35,383,344$91,319,791
99$134,419,435$49,456,493$36,485,974$99,273,085
100$148,044,900$51,794,544$37,622,936$107,979,536