Can I retire at age 80 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$155,249$153,866$152,517$151,200$149,914$147,491
2 years$76,856$75,424$74,037$72,692$71,388$68,953
3 years$50,728$49,291$47,907$46,575$45,291$42,921
4 years$37,667$36,234$34,864$33,554$32,302$30,015
5 years$29,832$28,408$27,056$25,773$24,556$22,357
6 years$24,611$23,197$21,865$20,611$19,430$17,323
7 years$20,883$19,481$18,170$16,945$15,802$13,788
8 years$18,088$16,699$15,410$14,215$13,109$11,187
9 years$15,915$14,539$13,272$12,108$11,040$9,208
10 years$14,178$12,816$11,571$10,437$9,406$7,665
11 years$12,758$11,409$10,187$9,084$8,090$6,436
12 years$11,575$10,240$9,041$7,967$7,010$5,442
13 years$10,575$9,254$8,077$7,034$6,113$4,628
14 years$9,719$8,412$7,257$6,244$5,359$3,954
15 years$8,977$7,684$6,553$5,569$4,718$3,392
16 years$8,329$7,050$5,941$4,986$4,170$2,919
17 years$7,758$6,493$5,406$4,480$3,697$2,519
18 years$7,250$6,000$4,935$4,037$3,288$2,179
19 years$6,797$5,560$4,518$3,648$2,930$1,888
20 years$6,390$5,167$4,146$3,304$2,617$1,640
21 years$6,021$4,813$3,814$2,999$2,342$1,426
22 years$5,687$4,493$3,515$2,726$2,100$1,241
23 years$5,382$4,202$3,245$2,483$1,885$1,082
24 years$5,103$3,937$3,001$2,265$1,694$944
25 years$4,847$3,695$2,780$2,068$1,524$824
26 years$4,611$3,472$2,578$1,891$1,373$720
27 years$4,392$3,268$2,394$1,731$1,238$629
28 years$4,190$3,079$2,226$1,586$1,117$550
29 years$4,002$2,905$2,071$1,454$1,009$482
30 years$3,827$2,743$1,929$1,335$911$422
31 years$3,663$2,593$1,799$1,226$824$369
32 years$3,510$2,454$1,678$1,127$745$323
33 years$3,367$2,324$1,567$1,036$675$283
34 years$3,232$2,203$1,464$953$611$248
35 years$3,105$2,089$1,369$877$553$218
36 years$2,986$1,983$1,280$808$501$191
37 years$2,873$1,883$1,198$745$454$167
38 years$2,767$1,790$1,122$686$412$147
39 years$2,666$1,702$1,051$633$373$129
40 years$2,570$1,619$985$584$339$113
41 years$2,480$1,541$924$538$307$99
42 years$2,394$1,468$867$497$279$87
43 years$2,312$1,399$813$459$253$76
44 years$2,234$1,333$764$424$230$67
45 years$2,159$1,271$717$391$209$59
46 years$2,089$1,213$673$361$189$52
47 years$2,021$1,157$633$334$172$45
48 years$1,956$1,105$594$308$156$40
49 years$1,895$1,055$559$285$142$35
50 years$1,836$1,008$525$264$129$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,880,000, adding $4,236 every year, while hoping to spend $55,025 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: 60/22/18 Blend
79$1,880,000$1,880,000$1,880,000$1,880,000
80$2,076,129$1,976,489$1,947,349$2,190,796
81$2,229,348$2,014,791$1,954,039$2,307,096
82$2,396,352$2,053,126$1,959,109$2,427,452
83$2,578,487$2,091,436$1,962,447$2,557,491
84$2,777,238$2,129,662$1,963,934$2,698,156
85$2,994,237$2,167,736$1,963,447$2,850,490
86$3,231,282$2,205,588$1,960,856$3,015,641
87$3,490,353$2,243,142$1,956,024$3,194,874
88$3,773,627$2,280,314$1,948,809$3,389,585
89$4,083,504$2,317,017$1,939,061$3,601,311
90$4,422,625$2,353,154$1,926,623$3,831,748
91$4,793,898$2,388,624$1,911,331$4,082,765
92$5,200,527$2,423,317$1,893,011$4,356,422
93$5,646,037$2,457,116$1,871,483$4,654,991
94$6,134,314$2,489,896$1,846,559$4,980,977
95$6,669,635$2,521,522$1,818,040$5,337,140
96$7,256,711$2,551,851$1,785,718$5,726,523
97$7,900,733$2,580,729$1,749,377$6,152,484
98$8,607,416$2,607,993$1,708,789$6,618,720
99$9,383,057$2,633,468$1,663,718$7,129,312
100$10,234,589$2,656,969$1,613,913$7,688,755