Can I retire at age 80 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$150,294$148,955$147,649$146,374$145,129$143,138
2 years$74,403$73,017$71,674$70,372$69,109$67,106
3 years$49,109$47,718$46,378$45,088$43,846$41,894
4 years$36,465$35,077$33,751$32,483$31,271$29,385
5 years$28,880$27,501$26,192$24,950$23,772$21,957
6 years$23,825$22,457$21,167$19,953$18,810$17,069
7 years$20,216$18,859$17,590$16,405$15,297$13,630
8 years$17,511$16,166$14,918$13,761$12,691$11,098
9 years$15,407$14,075$12,849$11,722$10,687$9,168
10 years$13,726$12,407$11,202$10,104$9,106$7,659
11 years$12,351$11,045$9,862$8,794$7,832$6,455
12 years$11,206$9,913$8,752$7,713$6,787$5,479
13 years$10,238$8,959$7,820$6,810$5,918$4,678
14 years$9,409$8,143$7,026$6,045$5,188$4,013
15 years$8,691$7,439$6,343$5,391$4,568$3,456
16 years$8,063$6,825$5,751$4,827$4,037$2,987
17 years$7,510$6,286$5,233$4,337$3,579$2,589
18 years$7,019$5,808$4,777$3,908$3,183$2,249
19 years$6,580$5,383$4,373$3,532$2,837$1,958
20 years$6,186$5,002$4,014$3,199$2,534$1,707
21 years$5,829$4,659$3,692$2,903$2,268$1,491
22 years$5,505$4,349$3,403$2,639$2,033$1,304
23 years$5,210$4,068$3,142$2,404$1,825$1,142
24 years$4,940$3,811$2,906$2,192$1,640$1,001
25 years$4,692$3,577$2,691$2,002$1,476$878
26 years$4,464$3,362$2,496$1,831$1,329$771
27 years$4,252$3,164$2,318$1,676$1,198$677
28 years$4,056$2,981$2,155$1,535$1,081$595
29 years$3,874$2,812$2,005$1,408$976$523
30 years$3,705$2,656$1,868$1,292$882$460
31 years$3,546$2,511$1,741$1,187$798$405
32 years$3,398$2,376$1,624$1,091$722$357
33 years$3,259$2,250$1,517$1,003$653$314
34 years$3,129$2,132$1,417$923$591$277
35 years$3,006$2,022$1,325$849$535$244
36 years$2,891$1,920$1,239$782$485$215
37 years$2,781$1,823$1,160$721$440$189
38 years$2,678$1,733$1,086$664$399$167
39 years$2,581$1,648$1,018$613$362$147
40 years$2,488$1,568$954$565$328$130
41 years$2,400$1,492$895$521$297$114
42 years$2,317$1,421$839$481$270$101
43 years$2,238$1,354$787$444$245$89
44 years$2,162$1,291$739$410$222$79
45 years$2,091$1,231$694$379$202$69
46 years$2,022$1,174$652$350$183$61
47 years$1,957$1,120$612$323$166$54
48 years$1,894$1,070$575$299$151$48
49 years$1,834$1,021$541$276$137$42
50 years$1,777$976$509$255$125$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,820,000, adding $6,217 every year, while hoping to spend $45,672 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: 44/38/18 Blend
79$1,820,000$1,820,000$1,820,000$1,820,000
80$2,012,053$1,915,593$1,887,383$2,089,862
81$2,168,688$1,960,862$1,902,016$2,190,403
82$2,339,768$2,006,819$1,915,608$2,294,311
83$2,526,720$2,053,449$1,928,076$2,405,977
84$2,731,113$2,100,735$1,939,334$2,526,139
85$2,954,673$2,148,658$1,949,288$2,655,611
86$3,199,304$2,197,196$1,957,844$2,795,288
87$3,467,100$2,246,325$1,964,898$2,946,157
88$3,760,367$2,296,018$1,970,345$3,109,307
89$4,081,645$2,346,244$1,974,072$3,285,935
90$4,433,732$2,396,969$1,975,963$3,477,363
91$4,819,708$2,448,156$1,975,893$3,685,047
92$5,242,966$2,499,764$1,973,734$3,910,592
93$5,707,244$2,551,747$1,969,349$4,155,766
94$6,216,657$2,604,057$1,962,596$4,422,520
95$6,775,739$2,656,639$1,953,327$4,713,003
96$7,389,485$2,709,435$1,941,383$5,029,584
97$8,063,395$2,762,380$1,926,602$5,374,875
98$8,803,530$2,815,405$1,908,812$5,751,754
99$9,616,566$2,868,435$1,887,833$6,163,394
100$10,509,855$2,921,389$1,863,475$6,613,296