Can I retire at age 80 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$172,590$171,053$169,553$168,089$166,660$165,679
2 years$85,441$83,849$82,307$80,812$79,362$78,372
3 years$56,395$54,797$53,258$51,777$50,350$49,383
4 years$41,874$40,281$38,758$37,302$35,910$34,972
5 years$33,165$31,581$30,078$28,652$27,298$26,392
6 years$27,360$25,788$24,308$22,913$21,600$20,728
7 years$23,215$21,657$20,200$18,838$17,567$16,728
8 years$20,108$18,564$17,131$15,803$14,573$13,768
9 years$17,693$16,163$14,755$13,461$12,273$11,501
10 years$15,762$14,247$12,864$11,603$10,457$9,719
11 years$14,183$12,683$11,325$10,098$8,993$8,288
12 years$12,868$11,384$10,051$8,857$7,794$7,120
13 years$11,757$10,288$8,980$7,820$6,796$6,154
14 years$10,804$9,351$8,068$6,942$5,957$5,346
15 years$9,980$8,543$7,284$6,191$5,245$4,664
16 years$9,259$7,838$6,604$5,543$4,636$4,083
17 years$8,624$7,218$6,010$4,980$4,111$3,586
18 years$8,060$6,670$5,486$4,488$3,655$3,158
19 years$7,556$6,182$5,022$4,056$3,258$2,787
20 years$7,103$5,744$4,609$3,673$2,910$2,465
21 years$6,694$5,351$4,240$3,334$2,604$2,183
22 years$6,322$4,995$3,907$3,031$2,334$1,937
23 years$5,983$4,671$3,608$2,760$2,095$1,721
24 years$5,673$4,377$3,337$2,518$1,883$1,530
25 years$5,388$4,107$3,090$2,299$1,695$1,362
26 years$5,126$3,860$2,866$2,102$1,526$1,214
27 years$4,883$3,633$2,662$1,924$1,376$1,083
28 years$4,658$3,423$2,474$1,763$1,242$966
29 years$4,449$3,229$2,302$1,617$1,121$863
30 years$4,254$3,050$2,145$1,484$1,013$771
31 years$4,072$2,883$1,999$1,363$916$689
32 years$3,902$2,728$1,865$1,252$829$616
33 years$3,743$2,584$1,742$1,152$750$551
34 years$3,593$2,449$1,627$1,060$679$493
35 years$3,452$2,322$1,522$975$615$442
36 years$3,319$2,204$1,423$898$557$396
37 years$3,194$2,094$1,332$828$505$354
38 years$3,076$1,990$1,248$763$458$318
39 years$2,964$1,892$1,169$703$415$285
40 years$2,857$1,800$1,096$649$377$255
41 years$2,757$1,714$1,027$599$342$229
42 years$2,661$1,632$964$552$310$205
43 years$2,570$1,555$904$510$281$184
44 years$2,483$1,482$849$471$255$165
45 years$2,401$1,413$797$435$232$148
46 years$2,322$1,348$749$402$210$133
47 years$2,247$1,287$703$371$191$119
48 years$2,175$1,228$661$343$174$107
49 years$2,106$1,173$621$317$158$96
50 years$2,041$1,120$584$293$143$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,090,000, adding $6,755 every year, while hoping to spend $39,946 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: 42/36/22 Blend
79$2,090,000$2,090,000$2,090,000$2,090,000
80$2,310,148$2,199,378$2,166,983$2,392,036
81$2,503,281$2,264,645$2,197,074$2,516,272
82$2,714,774$2,331,772$2,226,835$2,646,367
83$2,946,459$2,400,806$2,256,212$2,786,443
84$3,200,351$2,471,799$2,285,149$2,937,440
85$3,478,671$2,544,802$2,313,586$3,100,392
86$3,783,864$2,619,865$2,341,459$3,276,435
87$4,118,623$2,697,044$2,368,703$3,466,821
88$4,485,915$2,776,391$2,395,247$3,672,928
89$4,889,008$2,857,963$2,421,017$3,896,272
90$5,331,500$2,941,817$2,445,934$4,138,523
91$5,817,356$3,028,009$2,469,916$4,401,519
92$6,350,944$3,116,599$2,492,876$4,687,285
93$6,937,075$3,207,647$2,514,721$4,998,048
94$7,581,048$3,301,214$2,535,357$5,336,262
95$8,288,703$3,397,361$2,554,679$5,704,632
96$9,066,473$3,496,154$2,572,583$6,106,134
97$9,921,443$3,597,655$2,588,954$6,544,046
98$10,861,420$3,701,931$2,603,675$7,021,980
99$11,895,008$3,809,048$2,616,620$7,543,915
100$13,031,681$3,919,074$2,627,660$8,114,232