Can I retire at age 80 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$163,507$162,050$160,629$159,242$157,888$152,895
2 years$80,944$79,436$77,975$76,559$75,185$70,200
3 years$53,427$51,913$50,455$49,052$47,700$42,880
4 years$39,671$38,161$36,718$35,339$34,020$29,401
5 years$31,419$29,919$28,495$27,144$25,862$21,456
6 years$25,920$24,431$23,028$21,707$20,463$16,275
7 years$21,994$20,517$19,137$17,847$16,642$12,671
8 years$19,050$17,587$16,229$14,971$13,806$10,049
9 years$16,762$15,313$13,978$12,752$11,627$8,080
10 years$14,932$13,497$12,187$10,992$9,907$6,565
11 years$13,437$12,016$10,729$9,567$8,520$5,377
12 years$12,191$10,785$9,522$8,391$7,383$4,432
13 years$11,138$9,746$8,507$7,408$6,438$3,672
14 years$10,236$8,859$7,644$6,576$5,644$3,055
15 years$9,455$8,093$6,901$5,865$4,969$2,550
16 years$8,772$7,425$6,257$5,251$4,392$2,134
17 years$8,170$6,838$5,693$4,718$3,894$1,791
18 years$7,636$6,319$5,197$4,252$3,463$1,505
19 years$7,159$5,856$4,758$3,842$3,086$1,267
20 years$6,729$5,442$4,367$3,480$2,757$1,068
21 years$6,342$5,069$4,016$3,158$2,467$901
22 years$5,989$4,732$3,702$2,871$2,211$761
23 years$5,668$4,425$3,418$2,615$1,985$644
24 years$5,375$4,146$3,161$2,385$1,784$544
25 years$5,105$3,891$2,928$2,178$1,605$461
26 years$4,856$3,657$2,715$1,992$1,446$390
27 years$4,626$3,442$2,521$1,823$1,304$330
28 years$4,413$3,243$2,344$1,670$1,176$280
29 years$4,215$3,059$2,181$1,532$1,062$237
30 years$4,030$2,889$2,032$1,406$960$201
31 years$3,858$2,731$1,894$1,291$868$171
32 years$3,697$2,584$1,767$1,186$785$145
33 years$3,546$2,448$1,650$1,091$710$123
34 years$3,404$2,320$1,542$1,004$643$104
35 years$3,270$2,200$1,441$924$583$88
36 years$3,145$2,088$1,348$851$528$75
37 years$3,026$1,983$1,262$784$478$64
38 years$2,914$1,885$1,182$723$434$54
39 years$2,808$1,792$1,107$666$393$46
40 years$2,707$1,705$1,038$615$357$39
41 years$2,612$1,623$973$567$324$33
42 years$2,521$1,546$913$523$294$28
43 years$2,435$1,473$857$483$267$24
44 years$2,353$1,404$804$446$242$20
45 years$2,274$1,339$755$412$220$17
46 years$2,200$1,277$709$381$199$15
47 years$2,129$1,219$666$352$181$12
48 years$2,060$1,164$626$325$164$10
49 years$1,995$1,111$588$300$149$9
50 years$1,933$1,061$553$278$136$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,980,000, adding $6,662 every year, while hoping to spend $41,306 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: 67/22/11 Blend
79$1,980,000$1,980,000$1,980,000$1,980,000
80$2,188,832$2,083,892$2,053,202$2,329,872
81$2,368,143$2,142,053$2,078,035$2,482,719
82$2,564,360$2,201,680$2,102,315$2,644,229
83$2,779,163$2,262,801$2,125,981$2,819,741
84$3,014,403$2,325,443$2,148,967$3,010,620
85$3,272,119$2,389,636$2,171,203$3,218,369
86$3,554,553$2,455,407$2,192,617$3,444,645
87$3,864,180$2,522,784$2,213,132$3,691,270
88$4,203,721$2,591,795$2,232,666$3,960,252
89$4,576,175$2,662,467$2,251,135$4,253,801
90$4,984,845$2,734,828$2,268,448$4,574,353
91$5,433,369$2,808,905$2,284,512$4,924,590
92$5,925,755$2,884,724$2,299,225$5,307,465
93$6,466,417$2,962,310$2,312,484$5,726,231
94$7,060,218$3,041,690$2,324,179$6,184,473
95$7,712,514$3,122,887$2,334,193$6,686,138
96$8,429,208$3,205,926$2,342,406$7,235,577
97$9,216,801$3,290,829$2,348,689$7,837,578
98$10,082,453$3,377,619$2,352,910$8,497,422
99$11,034,057$3,466,316$2,354,926$9,220,922
100$12,080,305$3,556,939$2,354,590$10,014,485