Can I retire at age 80 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$173,416$171,871$170,364$168,893$167,457$164,683
2 years$85,850$84,251$82,701$81,199$79,741$76,955
3 years$56,665$55,059$53,513$52,025$50,591$47,878
4 years$42,075$40,474$38,944$37,481$36,082$33,464
5 years$33,323$31,732$30,222$28,789$27,429$24,914
6 years$27,491$25,912$24,424$23,023$21,704$19,294
7 years$23,327$21,761$20,296$18,928$17,651$15,347
8 years$20,205$18,653$17,213$15,878$14,643$12,445
9 years$17,778$16,241$14,825$13,525$12,332$10,238
10 years$15,837$14,315$12,925$11,659$10,507$8,516
11 years$14,251$12,744$11,379$10,146$9,037$7,146
12 years$12,930$11,438$10,099$8,900$7,831$6,039
13 years$11,813$10,337$9,023$7,857$6,829$5,132
14 years$10,856$9,396$8,107$6,975$5,986$4,382
15 years$10,028$8,583$7,319$6,220$5,271$3,756
16 years$9,304$7,875$6,636$5,570$4,658$3,230
17 years$8,666$7,253$6,039$5,004$4,130$2,786
18 years$8,099$6,702$5,512$4,510$3,672$2,408
19 years$7,592$6,211$5,046$4,075$3,273$2,085
20 years$7,137$5,772$4,631$3,691$2,924$1,809
21 years$6,726$5,376$4,260$3,350$2,616$1,572
22 years$6,352$5,018$3,926$3,045$2,345$1,367
23 years$6,012$4,694$3,625$2,774$2,105$1,191
24 years$5,700$4,398$3,353$2,530$1,892$1,038
25 years$5,414$4,127$3,105$2,310$1,703$905
26 years$5,150$3,879$2,880$2,112$1,534$790
27 years$4,906$3,650$2,674$1,934$1,383$690
28 years$4,680$3,440$2,486$1,772$1,248$603
29 years$4,470$3,245$2,313$1,625$1,127$528
30 years$4,275$3,064$2,155$1,491$1,018$462
31 years$4,092$2,897$2,009$1,369$920$404
32 years$3,921$2,741$1,874$1,258$833$354
33 years$3,761$2,596$1,750$1,157$753$310
34 years$3,610$2,460$1,635$1,065$682$271
35 years$3,469$2,334$1,529$980$618$237
36 years$3,335$2,215$1,430$903$560$208
37 years$3,209$2,104$1,339$832$507$182
38 years$3,090$1,999$1,254$767$460$160
39 years$2,978$1,901$1,174$707$417$140
40 years$2,871$1,809$1,101$652$378$123
41 years$2,770$1,722$1,032$602$343$108
42 years$2,674$1,640$968$555$311$94
43 years$2,582$1,562$909$512$283$83
44 years$2,495$1,489$853$473$257$72
45 years$2,412$1,420$801$437$233$64
46 years$2,333$1,355$752$404$211$56
47 years$2,258$1,293$707$373$192$49
48 years$2,185$1,234$664$345$174$43
49 years$2,116$1,179$624$318$158$38
50 years$2,050$1,126$587$294$144$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,100,000, adding $5,891 every year, while hoping to spend $25,888 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: 39/36/25 Blend
79$2,100,000$2,100,000$2,100,000$2,100,000
80$2,320,277$2,208,977$2,176,427$2,393,341
81$2,529,400$2,289,672$2,221,792$2,527,625
82$2,758,987$2,373,453$2,267,810$2,669,883
83$3,011,096$2,460,445$2,314,474$2,823,202
84$3,287,997$2,550,777$2,361,779$2,988,604
85$3,592,190$2,644,582$2,409,716$3,167,214
86$3,926,429$2,742,002$2,458,276$3,360,263
87$4,293,746$2,843,182$2,507,450$3,569,111
88$4,697,485$2,948,274$2,557,227$3,795,247
89$5,141,327$3,057,438$2,607,592$4,040,310
90$5,629,330$3,170,839$2,658,533$4,306,103
91$6,165,961$3,288,650$2,710,034$4,594,609
92$6,756,145$3,411,051$2,762,077$4,908,006
93$7,405,308$3,538,228$2,814,642$5,248,693
94$8,119,427$3,670,379$2,867,710$5,619,306
95$8,905,087$3,807,706$2,921,257$6,022,748
96$9,769,546$3,950,423$2,975,258$6,462,211
97$10,720,797$4,098,751$3,029,687$6,941,209
98$11,767,651$4,252,923$3,084,514$7,463,607
99$12,919,814$4,413,178$3,139,708$8,033,660
100$14,187,981$4,579,770$3,195,235$8,656,051