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

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$172,590$171,053$169,553$168,089$166,660$165,748
2 years$85,441$83,849$82,307$80,812$79,362$78,442
3 years$56,395$54,797$53,258$51,777$50,350$49,451
4 years$41,874$40,281$38,758$37,302$35,910$35,038
5 years$33,165$31,581$30,078$28,652$27,298$26,456
6 years$27,360$25,788$24,308$22,913$21,600$20,789
7 years$23,215$21,657$20,200$18,838$17,567$16,786
8 years$20,108$18,564$17,131$15,803$14,573$13,824
9 years$17,693$16,163$14,755$13,461$12,273$11,555
10 years$15,762$14,247$12,864$11,603$10,457$9,770
11 years$14,183$12,683$11,325$10,098$8,993$8,336
12 years$12,868$11,384$10,051$8,857$7,794$7,166
13 years$11,757$10,288$8,980$7,820$6,796$6,198
14 years$10,804$9,351$8,068$6,942$5,957$5,388
15 years$9,980$8,543$7,284$6,191$5,245$4,703
16 years$9,259$7,838$6,604$5,543$4,636$4,121
17 years$8,624$7,218$6,010$4,980$4,111$3,621
18 years$8,060$6,670$5,486$4,488$3,655$3,191
19 years$7,556$6,182$5,022$4,056$3,258$2,818
20 years$7,103$5,744$4,609$3,673$2,910$2,494
21 years$6,694$5,351$4,240$3,334$2,604$2,211
22 years$6,322$4,995$3,907$3,031$2,334$1,963
23 years$5,983$4,671$3,608$2,760$2,095$1,745
24 years$5,673$4,377$3,337$2,518$1,883$1,553
25 years$5,388$4,107$3,090$2,299$1,695$1,384
26 years$5,126$3,860$2,866$2,102$1,526$1,234
27 years$4,883$3,633$2,662$1,924$1,376$1,101
28 years$4,658$3,423$2,474$1,763$1,242$984
29 years$4,449$3,229$2,302$1,617$1,121$879
30 years$4,254$3,050$2,145$1,484$1,013$786
31 years$4,072$2,883$1,999$1,363$916$703
32 years$3,902$2,728$1,865$1,252$829$630
33 years$3,743$2,584$1,742$1,152$750$564
34 years$3,593$2,449$1,627$1,060$679$505
35 years$3,452$2,322$1,522$975$615$452
36 years$3,319$2,204$1,423$898$557$406
37 years$3,194$2,094$1,332$828$505$364
38 years$3,076$1,990$1,248$763$458$326
39 years$2,964$1,892$1,169$703$415$292
40 years$2,857$1,800$1,096$649$377$262
41 years$2,757$1,714$1,027$599$342$235
42 years$2,661$1,632$964$552$310$211
43 years$2,570$1,555$904$510$281$189
44 years$2,483$1,482$849$471$255$170
45 years$2,401$1,413$797$435$232$153
46 years$2,322$1,348$749$402$210$137
47 years$2,247$1,287$703$371$191$123
48 years$2,175$1,228$661$343$174$110
49 years$2,106$1,173$621$317$158$99
50 years$2,041$1,120$584$293$143$89

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 $5,370 every year, while hoping to spend $56,619 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: 69/7/24 Blend
79$2,090,000$2,090,000$2,090,000$2,090,000
80$2,308,719$2,197,949$2,165,554$2,453,590
81$2,483,966$2,245,406$2,177,858$2,598,765
82$2,675,191$2,293,292$2,188,676$2,750,524
83$2,883,963$2,341,566$2,197,900$2,915,263
84$3,112,011$2,390,186$2,205,413$3,094,265
85$3,361,238$2,439,106$2,211,096$3,288,944
86$3,633,737$2,488,275$2,214,820$3,500,857
87$3,931,815$2,537,638$2,216,454$3,731,720
88$4,258,011$2,587,133$2,215,856$3,983,427
89$4,615,121$2,636,696$2,212,880$4,258,061
90$5,006,225$2,686,255$2,207,373$4,557,920
91$5,434,713$2,735,735$2,199,173$4,885,539
92$5,904,319$2,785,051$2,188,110$5,243,707
93$6,419,155$2,834,114$2,174,008$5,635,501
94$6,983,752$2,882,829$2,156,680$6,064,314
95$7,603,097$2,931,090$2,135,932$6,533,881
96$8,282,686$2,978,787$2,111,559$7,048,324
97$9,028,572$3,025,799$2,083,348$7,612,183
98$9,847,421$3,071,998$2,051,075$8,230,462
99$10,746,578$3,117,246$2,014,506$8,908,677
100$11,734,132$3,161,394$1,973,395$9,652,910