Can I retire at age 80 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$161,029$159,595$158,195$156,829$155,496$151,246
2 years$79,717$78,233$76,794$75,399$74,046$69,795
3 years$52,617$51,126$49,691$48,309$46,978$42,859
4 years$39,070$37,583$36,162$34,804$33,505$29,551
5 years$30,943$29,466$28,063$26,733$25,470$21,690
6 years$25,527$24,061$22,679$21,378$20,153$16,552
7 years$21,660$20,206$18,847$17,576$16,390$12,968
8 years$18,761$17,320$15,983$14,744$13,597$10,351
9 years$16,508$15,081$13,767$12,559$11,451$8,379
10 years$14,706$13,293$12,002$10,826$9,757$6,854
11 years$13,233$11,834$10,566$9,422$8,391$5,654
12 years$12,006$10,621$9,377$8,264$7,271$4,694
13 years$10,969$9,599$8,378$7,296$6,341$3,918
14 years$10,081$8,725$7,528$6,477$5,558$3,285
15 years$9,312$7,970$6,797$5,776$4,894$2,763
16 years$8,639$7,313$6,162$5,172$4,325$2,331
17 years$8,047$6,735$5,607$4,647$3,835$1,972
18 years$7,520$6,223$5,119$4,188$3,410$1,671
19 years$7,050$5,768$4,686$3,784$3,039$1,418
20 years$6,627$5,359$4,300$3,427$2,715$1,206
21 years$6,245$4,992$3,956$3,110$2,430$1,026
22 years$5,899$4,660$3,646$2,828$2,178$874
23 years$5,583$4,358$3,366$2,575$1,955$745
24 years$5,293$4,084$3,113$2,349$1,757$636
25 years$5,027$3,832$2,883$2,145$1,581$543
26 years$4,782$3,602$2,674$1,961$1,424$464
27 years$4,556$3,390$2,483$1,795$1,284$397
28 years$4,346$3,194$2,308$1,645$1,159$339
29 years$4,151$3,013$2,148$1,508$1,046$290
30 years$3,969$2,846$2,001$1,384$945$248
31 years$3,800$2,690$1,865$1,271$855$212
32 years$3,641$2,545$1,741$1,169$773$182
33 years$3,492$2,410$1,625$1,075$700$155
34 years$3,352$2,285$1,518$989$633$133
35 years$3,221$2,167$1,420$910$574$114
36 years$3,097$2,057$1,328$838$520$98
37 years$2,980$1,953$1,243$772$471$84
38 years$2,870$1,856$1,164$712$427$72
39 years$2,765$1,765$1,091$656$387$61
40 years$2,666$1,679$1,022$605$351$53
41 years$2,572$1,599$958$559$319$45
42 years$2,483$1,523$899$515$289$39
43 years$2,398$1,451$844$476$262$33
44 years$2,317$1,383$792$439$238$28
45 years$2,240$1,319$744$406$216$24
46 years$2,166$1,258$698$375$196$21
47 years$2,096$1,200$656$346$178$18
48 years$2,029$1,146$617$320$162$15
49 years$1,965$1,094$580$296$147$13
50 years$1,904$1,045$545$273$134$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,950,000, adding $4,463 every year, while hoping to spend $20,147 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: 77/6/17 Blend
79$1,950,000$1,950,000$1,950,000$1,950,000
80$2,153,504$2,050,154$2,019,929$2,310,861
81$2,351,725$2,129,175$2,066,160$2,494,425
82$2,569,489$2,211,393$2,113,265$2,692,717
83$2,808,769$2,296,943$2,161,251$2,909,632
84$3,071,737$2,385,967$2,210,127$3,147,024
85$3,360,787$2,478,612$2,259,898$3,406,934
86$3,678,555$2,575,032$2,310,573$3,691,612
87$4,027,947$2,675,388$2,362,157$4,003,533
88$4,412,164$2,779,848$2,414,655$4,345,426
89$4,834,732$2,888,588$2,468,073$4,720,294
90$5,299,536$3,001,790$2,522,416$5,131,447
91$5,810,858$3,119,647$2,577,686$5,582,531
92$6,373,414$3,242,358$2,633,886$6,077,560
93$6,992,401$3,370,133$2,691,020$6,620,958
94$7,673,545$3,503,188$2,749,088$7,217,598
95$8,423,154$3,641,753$2,808,091$7,872,848
96$9,248,182$3,786,065$2,868,028$8,592,621
97$10,156,288$3,936,372$2,928,898$9,383,434
98$11,155,911$4,092,936$2,990,698$10,252,463
99$12,256,351$4,256,028$3,053,424$11,207,616
100$13,467,857$4,425,931$3,117,071$12,257,606