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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$169,287$167,779$166,308$164,872$163,470$160,498
2 years$83,805$82,245$80,732$79,265$77,843$74,859
3 years$55,315$53,748$52,239$50,786$49,387$46,484
4 years$41,073$39,510$38,017$36,589$35,223$32,424
5 years$32,530$30,977$29,502$28,104$26,776$24,089
6 years$26,836$25,295$23,842$22,475$21,187$18,615
7 years$22,771$21,242$19,813$18,478$17,231$14,774
8 years$19,724$18,209$16,803$15,500$14,294$11,952
9 years$17,355$15,854$14,472$13,203$12,038$9,809
10 years$15,460$13,974$12,617$11,381$10,257$8,140
11 years$13,912$12,441$11,108$9,905$8,821$6,813
12 years$12,622$11,166$9,858$8,688$7,644$5,742
13 years$11,532$10,091$8,808$7,670$6,666$4,867
14 years$10,598$9,172$7,914$6,809$5,843$4,145
15 years$9,789$8,379$7,145$6,072$5,145$3,543
16 years$9,082$7,688$6,478$5,437$4,547$3,038
17 years$8,459$7,080$5,895$4,885$4,032$2,613
18 years$7,906$6,542$5,381$4,402$3,585$2,252
19 years$7,412$6,063$4,926$3,978$3,195$1,945
20 years$6,967$5,634$4,521$3,603$2,854$1,682
21 years$6,566$5,248$4,158$3,270$2,554$1,457
22 years$6,201$4,899$3,833$2,973$2,289$1,263
23 years$5,869$4,582$3,539$2,708$2,055$1,097
24 years$5,565$4,293$3,273$2,469$1,847$953
25 years$5,285$4,029$3,031$2,255$1,662$829
26 years$5,028$3,786$2,811$2,062$1,497$721
27 years$4,790$3,563$2,611$1,887$1,350$628
28 years$4,569$3,358$2,427$1,729$1,218$547
29 years$4,364$3,168$2,258$1,586$1,100$477
30 years$4,173$2,992$2,104$1,455$994$416
31 years$3,995$2,828$1,961$1,337$898$363
32 years$3,828$2,676$1,830$1,228$813$316
33 years$3,671$2,534$1,708$1,130$736$276
34 years$3,524$2,402$1,596$1,039$666$241
35 years$3,386$2,278$1,492$957$603$210
36 years$3,256$2,162$1,396$881$546$184
37 years$3,133$2,054$1,307$812$495$160
38 years$3,017$1,952$1,224$748$449$140
39 years$2,907$1,856$1,146$690$407$122
40 years$2,803$1,766$1,075$636$369$107
41 years$2,704$1,681$1,008$587$335$93
42 years$2,610$1,601$945$542$304$82
43 years$2,521$1,525$887$500$276$71
44 years$2,436$1,454$833$462$250$62
45 years$2,355$1,386$782$427$227$54
46 years$2,277$1,322$734$394$206$48
47 years$2,204$1,262$690$364$187$42
48 years$2,133$1,205$648$336$170$36
49 years$2,066$1,150$609$311$155$32
50 years$2,002$1,099$573$287$140$28

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 $4,063 every year, while hoping to spend $30,496 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: 40/50/10 Blend
79$2,050,000$2,050,000$2,050,000$2,050,000
80$2,263,291$2,154,641$2,122,866$2,346,878
81$2,461,699$2,227,771$2,161,534$2,479,205
82$2,679,323$2,303,462$2,200,476$2,618,928
83$2,918,090$2,381,808$2,239,668$2,769,392
84$3,180,124$2,462,905$2,279,086$2,931,580
85$3,467,763$2,546,854$2,318,702$3,106,575
86$3,783,585$2,633,760$2,358,488$3,295,562
87$4,130,427$2,723,730$2,398,414$3,499,848
88$4,511,415$2,816,878$2,438,446$3,720,865
89$4,929,995$2,913,320$2,478,549$3,960,191
90$5,389,959$3,013,178$2,518,686$4,219,557
91$5,895,489$3,116,578$2,558,816$4,500,868
92$6,451,189$3,223,650$2,598,896$4,806,218
93$7,062,133$3,334,532$2,638,882$5,137,911
94$7,733,911$3,449,364$2,678,724$5,498,479
95$8,472,680$3,568,293$2,718,371$5,890,709
96$9,285,225$3,691,471$2,757,769$6,317,666
97$10,179,023$3,819,058$2,796,859$6,782,723
98$11,162,309$3,951,218$2,835,580$7,289,591
99$12,244,159$4,088,122$2,873,866$7,842,352
100$13,434,571$4,229,947$2,911,648$8,445,501