Can I retire at age 80 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$167,636$166,142$164,685$163,264$161,875$156,882
2 years$82,988$81,442$79,944$78,492$77,083$72,096
3 years$54,776$53,223$51,729$50,291$48,905$44,081
4 years$40,672$39,125$37,646$36,232$34,879$30,255
5 years$32,213$30,674$29,215$27,829$26,515$22,102
6 years$26,575$25,048$23,610$22,255$20,980$16,784
7 years$22,549$21,035$19,620$18,297$17,063$13,082
8 years$19,531$18,031$16,639$15,349$14,155$10,387
9 years$17,185$15,699$14,331$13,074$11,921$8,362
10 years$15,310$13,838$12,494$11,270$10,157$6,802
11 years$13,776$12,319$11,000$9,808$8,735$5,579
12 years$12,499$11,057$9,762$8,603$7,570$4,604
13 years$11,419$9,992$8,722$7,595$6,601$3,820
14 years$10,494$9,083$7,837$6,742$5,786$3,182
15 years$9,694$8,297$7,075$6,013$5,095$2,660
16 years$8,994$7,613$6,415$5,384$4,503$2,230
17 years$8,377$7,011$5,837$4,837$3,993$1,874
18 years$7,829$6,478$5,329$4,359$3,550$1,577
19 years$7,339$6,004$4,878$3,939$3,164$1,330
20 years$6,899$5,579$4,477$3,568$2,826$1,123
21 years$6,502$5,197$4,118$3,238$2,529$949
22 years$6,141$4,851$3,795$2,944$2,267$803
23 years$5,812$4,537$3,504$2,681$2,035$680
24 years$5,510$4,251$3,241$2,445$1,829$576
25 years$5,234$3,989$3,002$2,233$1,646$488
26 years$4,979$3,749$2,784$2,042$1,483$414
27 years$4,743$3,529$2,585$1,869$1,337$351
28 years$4,524$3,325$2,403$1,712$1,206$298
29 years$4,321$3,137$2,236$1,570$1,089$253
30 years$4,132$2,962$2,083$1,441$984$215
31 years$3,956$2,800$1,942$1,324$890$183
32 years$3,790$2,650$1,812$1,216$805$155
33 years$3,635$2,509$1,692$1,119$728$132
34 years$3,490$2,378$1,581$1,029$659$112
35 years$3,353$2,256$1,478$947$597$95
36 years$3,224$2,141$1,383$873$541$81
37 years$3,102$2,034$1,294$804$490$69
38 years$2,987$1,933$1,212$741$445$58
39 years$2,878$1,838$1,135$683$403$50
40 years$2,775$1,748$1,064$630$366$42
41 years$2,677$1,664$998$581$332$36
42 years$2,584$1,585$936$537$301$31
43 years$2,496$1,510$878$495$273$26
44 years$2,412$1,440$824$457$248$22
45 years$2,332$1,373$774$422$225$19
46 years$2,255$1,310$727$390$204$16
47 years$2,182$1,250$683$360$186$14
48 years$2,113$1,193$642$333$169$12
49 years$2,046$1,139$603$308$153$10
50 years$1,982$1,088$567$285$139$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,030,000, adding $6,605 every year, while hoping to spend $22,240 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: 45/32/23 Blend
79$2,030,000$2,030,000$2,030,000$2,030,000
80$2,243,873$2,136,283$2,104,818$2,329,698
81$2,449,085$2,217,298$2,151,666$2,471,905
82$2,674,483$2,301,537$2,199,339$2,623,341
83$2,922,103$2,389,135$2,247,839$2,787,122
84$3,194,187$2,480,232$2,297,171$2,964,410
85$3,493,205$2,574,974$2,347,338$3,156,478
86$3,821,880$2,673,516$2,398,341$3,364,728
87$4,183,209$2,776,015$2,450,182$3,590,701
88$4,580,495$2,882,639$2,502,863$3,836,092
89$5,017,379$2,993,562$2,556,382$4,102,763
90$5,497,869$3,108,964$2,610,739$4,392,763
91$6,026,384$3,229,036$2,665,931$4,708,347
92$6,607,792$3,353,975$2,721,956$5,051,995
93$7,247,454$3,483,987$2,778,809$5,426,433
94$7,951,281$3,619,288$2,836,485$5,834,663
95$8,725,782$3,760,104$2,894,978$6,279,989
96$9,578,131$3,906,669$2,954,279$6,766,044
97$10,516,234$4,059,229$3,014,381$7,296,829
98$11,548,798$4,218,040$3,075,271$7,876,746
99$12,685,422$4,383,370$3,136,939$8,510,641
100$13,936,678$4,555,498$3,199,369$9,203,850