Can I retire at age 80 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$169,287$167,779$166,308$164,872$163,470$160,366
2 years$83,805$82,245$80,732$79,265$77,843$74,728
3 years$55,315$53,748$52,239$50,786$49,387$46,358
4 years$41,073$39,510$38,017$36,589$35,223$32,303
5 years$32,530$30,977$29,502$28,104$26,776$23,974
6 years$26,836$25,295$23,842$22,475$21,187$18,506
7 years$22,771$21,242$19,813$18,478$17,231$14,671
8 years$19,724$18,209$16,803$15,500$14,294$11,855
9 years$17,355$15,854$14,472$13,203$12,038$9,718
10 years$15,460$13,974$12,617$11,381$10,257$8,054
11 years$13,912$12,441$11,108$9,905$8,821$6,733
12 years$12,622$11,166$9,858$8,688$7,644$5,668
13 years$11,532$10,091$8,808$7,670$6,666$4,798
14 years$10,598$9,172$7,914$6,809$5,843$4,080
15 years$9,789$8,379$7,145$6,072$5,145$3,483
16 years$9,082$7,688$6,478$5,437$4,547$2,983
17 years$8,459$7,080$5,895$4,885$4,032$2,561
18 years$7,906$6,542$5,381$4,402$3,585$2,204
19 years$7,412$6,063$4,926$3,978$3,195$1,900
20 years$6,967$5,634$4,521$3,603$2,854$1,641
21 years$6,566$5,248$4,158$3,270$2,554$1,420
22 years$6,201$4,899$3,833$2,973$2,289$1,229
23 years$5,869$4,582$3,539$2,708$2,055$1,065
24 years$5,565$4,293$3,273$2,469$1,847$924
25 years$5,285$4,029$3,031$2,255$1,662$803
26 years$5,028$3,786$2,811$2,062$1,497$697
27 years$4,790$3,563$2,611$1,887$1,350$606
28 years$4,569$3,358$2,427$1,729$1,218$527
29 years$4,364$3,168$2,258$1,586$1,100$459
30 years$4,173$2,992$2,104$1,455$994$399
31 years$3,995$2,828$1,961$1,337$898$348
32 years$3,828$2,676$1,830$1,228$813$303
33 years$3,671$2,534$1,708$1,130$736$264
34 years$3,524$2,402$1,596$1,039$666$230
35 years$3,386$2,278$1,492$957$603$200
36 years$3,256$2,162$1,396$881$546$175
37 years$3,133$2,054$1,307$812$495$152
38 years$3,017$1,952$1,224$748$449$133
39 years$2,907$1,856$1,146$690$407$116
40 years$2,803$1,766$1,075$636$369$101
41 years$2,704$1,681$1,008$587$335$88
42 years$2,610$1,601$945$542$304$77
43 years$2,521$1,525$887$500$276$67
44 years$2,436$1,454$833$462$250$58
45 years$2,355$1,386$782$427$227$51
46 years$2,277$1,322$734$394$206$44
47 years$2,204$1,262$690$364$187$39
48 years$2,133$1,205$648$336$170$34
49 years$2,066$1,150$609$311$155$30
50 years$2,002$1,099$573$287$140$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,050,000, adding $4,064 every year, while hoping to spend $39,291 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: 63/26/11 Blend
79$2,050,000$2,050,000$2,050,000$2,050,000
80$2,263,292$2,154,642$2,122,867$2,399,970
81$2,452,342$2,218,414$2,152,178$2,555,657
82$2,659,359$2,283,994$2,181,154$2,720,667
83$2,886,133$2,351,429$2,209,742$2,899,859
84$3,134,637$2,420,768$2,237,886$3,094,610
85$3,407,043$2,492,058$2,265,529$3,306,433
86$3,705,744$2,565,352$2,292,606$3,536,998
87$4,033,374$2,640,698$2,319,053$3,788,139
88$4,392,837$2,718,151$2,344,799$4,061,879
89$4,787,328$2,797,762$2,369,772$4,360,443
90$5,220,370$2,879,587$2,393,894$4,686,282
91$5,695,842$2,963,681$2,417,083$5,042,095
92$6,218,015$3,050,099$2,439,253$5,430,854
93$6,791,598$3,138,899$2,460,314$5,855,833
94$7,421,777$3,230,140$2,480,169$6,320,637
95$8,114,262$3,323,881$2,498,719$6,829,237
96$8,875,348$3,420,183$2,515,858$7,386,006
97$9,711,968$3,519,106$2,531,473$7,995,763
98$10,631,760$3,620,714$2,545,449$8,663,813
99$11,643,140$3,725,069$2,557,662$9,396,004
100$12,755,379$3,832,236$2,567,982$10,198,775