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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$155,249$153,866$152,517$151,200$149,914$148,410
2 years$76,856$75,424$74,037$72,692$71,388$69,873
3 years$50,728$49,291$47,907$46,575$45,291$43,813
4 years$37,667$36,234$34,864$33,554$32,302$30,871
5 years$29,832$28,408$27,056$25,773$24,556$23,176
6 years$24,611$23,197$21,865$20,611$19,430$18,104
7 years$20,883$19,481$18,170$16,945$15,802$14,530
8 years$18,088$16,699$15,410$14,215$13,109$11,891
9 years$15,915$14,539$13,272$12,108$11,040$9,875
10 years$14,178$12,816$11,571$10,437$9,406$8,295
11 years$12,758$11,409$10,187$9,084$8,090$7,030
12 years$11,575$10,240$9,041$7,967$7,010$6,002
13 years$10,575$9,254$8,077$7,034$6,113$5,154
14 years$9,719$8,412$7,257$6,244$5,359$4,448
15 years$8,977$7,684$6,553$5,569$4,718$3,855
16 years$8,329$7,050$5,941$4,986$4,170$3,352
17 years$7,758$6,493$5,406$4,480$3,697$2,923
18 years$7,250$6,000$4,935$4,037$3,288$2,556
19 years$6,797$5,560$4,518$3,648$2,930$2,240
20 years$6,390$5,167$4,146$3,304$2,617$1,966
21 years$6,021$4,813$3,814$2,999$2,342$1,729
22 years$5,687$4,493$3,515$2,726$2,100$1,522
23 years$5,382$4,202$3,245$2,483$1,885$1,342
24 years$5,103$3,937$3,001$2,265$1,694$1,185
25 years$4,847$3,695$2,780$2,068$1,524$1,047
26 years$4,611$3,472$2,578$1,891$1,373$925
27 years$4,392$3,268$2,394$1,731$1,238$819
28 years$4,190$3,079$2,226$1,586$1,117$725
29 years$4,002$2,905$2,071$1,454$1,009$642
30 years$3,827$2,743$1,929$1,335$911$569
31 years$3,663$2,593$1,799$1,226$824$505
32 years$3,510$2,454$1,678$1,127$745$448
33 years$3,367$2,324$1,567$1,036$675$397
34 years$3,232$2,203$1,464$953$611$352
35 years$3,105$2,089$1,369$877$553$313
36 years$2,986$1,983$1,280$808$501$278
37 years$2,873$1,883$1,198$745$454$247
38 years$2,767$1,790$1,122$686$412$219
39 years$2,666$1,702$1,051$633$373$195
40 years$2,570$1,619$985$584$339$173
41 years$2,480$1,541$924$538$307$154
42 years$2,394$1,468$867$497$279$137
43 years$2,312$1,399$813$459$253$122
44 years$2,234$1,333$764$424$230$108
45 years$2,159$1,271$717$391$209$96
46 years$2,089$1,213$673$361$189$85
47 years$2,021$1,157$633$334$172$76
48 years$1,956$1,105$594$308$156$68
49 years$1,895$1,055$559$285$142$60
50 years$1,836$1,008$525$264$129$53

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 $5,285 every year, while hoping to spend $33,650 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: 49/30/21 Blend
79$1,880,000$1,880,000$1,880,000$1,880,000
80$2,077,211$1,977,571$1,948,431$2,166,481
81$2,253,284$2,038,669$1,977,901$2,290,139
82$2,446,188$2,101,633$2,007,229$2,420,564
83$2,657,604$2,166,518$2,036,377$2,561,553
84$2,889,385$2,233,383$2,065,301$2,714,117
85$3,143,570$2,302,287$2,093,956$2,879,363
86$3,422,406$2,373,290$2,122,295$3,058,515
87$3,728,365$2,446,455$2,150,266$3,252,918
88$4,064,174$2,521,847$2,177,815$3,464,050
89$4,432,834$2,599,532$2,204,886$3,693,542
90$4,837,652$2,679,578$2,231,419$3,943,189
91$5,282,270$2,762,055$2,257,349$4,214,964
92$5,770,702$2,847,036$2,282,611$4,511,044
93$6,307,367$2,934,594$2,307,132$4,833,823
94$6,897,136$3,024,807$2,330,838$5,185,938
95$7,545,373$3,117,752$2,353,651$5,570,296
96$8,257,990$3,213,510$2,375,487$5,990,094
97$9,041,498$3,312,165$2,396,258$6,448,856
98$9,903,071$3,413,801$2,415,873$6,950,463
99$10,850,614$3,518,507$2,434,234$7,499,190
100$11,892,835$3,626,372$2,451,240$8,099,746