Can I retire at age 80 with 1,900,000?

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 $1,900,000?

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$156,900$155,503$154,139$152,808$151,509$150,870
2 years$77,673$76,227$74,825$73,465$72,147$71,502
3 years$51,268$49,815$48,417$47,070$45,773$45,142
4 years$38,068$36,619$35,235$33,911$32,646$32,034
5 years$30,150$28,710$27,344$26,047$24,817$24,225
6 years$24,873$23,444$22,098$20,830$19,637$19,066
7 years$21,105$19,688$18,363$17,126$15,970$15,421
8 years$18,280$16,876$15,574$14,366$13,249$12,722
9 years$16,085$14,694$13,414$12,237$11,157$10,652
10 years$14,329$12,952$11,694$10,548$9,506$9,022
11 years$12,894$11,530$10,295$9,180$8,176$7,713
12 years$11,698$10,349$9,137$8,052$7,085$6,642
13 years$10,688$9,353$8,163$7,109$6,178$5,756
14 years$9,822$8,501$7,335$6,310$5,416$5,013
15 years$9,073$7,766$6,622$5,628$4,769$4,385
16 years$8,418$7,125$6,004$5,039$4,214$3,850
17 years$7,840$6,562$5,463$4,528$3,737$3,390
18 years$7,328$6,064$4,987$4,080$3,323$2,994
19 years$6,869$5,620$4,566$3,687$2,962$2,650
20 years$6,457$5,222$4,190$3,339$2,645$2,350
21 years$6,085$4,864$3,854$3,031$2,367$2,088
22 years$5,747$4,540$3,552$2,755$2,122$1,858
23 years$5,439$4,247$3,280$2,509$1,905$1,655
24 years$5,157$3,979$3,033$2,289$1,712$1,477
25 years$4,898$3,734$2,809$2,090$1,541$1,319
26 years$4,660$3,509$2,606$1,911$1,388$1,179
27 years$4,439$3,303$2,420$1,749$1,251$1,054
28 years$4,235$3,112$2,249$1,603$1,129$944
29 years$4,045$2,936$2,093$1,470$1,019$846
30 years$3,868$2,773$1,950$1,349$921$758
31 years$3,702$2,621$1,818$1,239$833$680
32 years$3,548$2,480$1,696$1,139$753$610
33 years$3,403$2,349$1,583$1,047$682$548
34 years$3,266$2,226$1,479$963$617$492
35 years$3,138$2,111$1,383$887$559$442
36 years$3,018$2,004$1,294$817$507$397
37 years$2,904$1,903$1,211$752$459$357
38 years$2,796$1,809$1,134$694$416$321
39 years$2,694$1,720$1,063$640$377$288
40 years$2,598$1,636$996$590$342$259
41 years$2,506$1,558$934$544$311$233
42 years$2,419$1,484$876$502$282$210
43 years$2,336$1,414$822$464$256$189
44 years$2,257$1,347$772$428$232$170
45 years$2,182$1,285$725$395$211$153
46 years$2,111$1,226$681$365$191$138
47 years$2,043$1,170$639$337$174$124
48 years$1,977$1,117$601$312$158$112
49 years$1,915$1,066$565$288$143$100
50 years$1,855$1,019$531$266$130$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,900,000, adding $5,046 every year, while hoping to spend $20,603 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: 54/27/19 Blend
79$1,900,000$1,900,000$1,900,000$1,900,000
80$2,099,005$1,998,305$1,968,855$2,201,281
81$2,291,182$2,074,300$2,012,890$2,347,839
82$2,502,271$2,153,329$2,057,710$2,504,689
83$2,734,178$2,235,518$2,103,319$2,674,980
84$2,989,005$2,321,000$2,149,721$2,860,001
85$3,269,067$2,409,912$2,196,920$3,061,167
86$3,576,913$2,502,399$2,244,918$3,280,039
87$3,915,353$2,598,612$2,293,718$3,518,331
88$4,287,483$2,698,707$2,343,321$3,777,930
89$4,696,712$2,802,849$2,393,728$4,060,912
90$5,146,797$2,911,209$2,444,938$4,369,562
91$5,641,877$3,023,966$2,496,951$4,706,392
92$6,186,515$3,141,306$2,549,765$5,074,171
93$6,785,734$3,263,425$2,603,377$5,475,942
94$7,445,072$3,390,525$2,657,783$5,915,057
95$8,170,628$3,522,820$2,712,978$6,395,207
96$8,969,126$3,660,532$2,768,956$6,920,453
97$9,847,971$3,803,892$2,825,710$7,495,266
98$10,815,323$3,953,142$2,883,231$8,124,570
99$11,880,176$4,108,536$2,941,509$8,813,786
100$13,052,437$4,270,337$3,000,532$9,568,882