Can I retire at age 80 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$179,197$177,600$176,043$174,523$173,039$171,876
2 years$88,711$87,059$85,458$83,905$82,399$81,227
3 years$58,553$56,894$55,297$53,759$52,278$51,132
4 years$43,477$41,823$40,242$38,730$37,285$36,174
5 years$34,434$32,790$31,229$29,749$28,343$27,271
6 years$28,407$26,775$25,238$23,790$22,427$21,395
7 years$24,104$22,486$20,973$19,559$18,239$17,247
8 years$20,878$19,275$17,787$16,408$15,131$14,179
9 years$18,370$16,782$15,320$13,976$12,743$11,831
10 years$16,365$14,793$13,356$12,047$10,857$9,985
11 years$14,726$13,169$11,758$10,485$9,338$8,505
12 years$13,361$11,820$10,435$9,196$8,092$7,297
13 years$12,207$10,682$9,323$8,119$7,056$6,299
14 years$11,218$9,709$8,377$7,207$6,185$5,465
15 years$10,362$8,870$7,563$6,428$5,446$4,761
16 years$9,614$8,138$6,857$5,755$4,813$4,163
17 years$8,954$7,494$6,240$5,171$4,268$3,651
18 years$8,369$6,925$5,696$4,660$3,795$3,210
19 years$7,846$6,418$5,215$4,211$3,382$2,829
20 years$7,375$5,964$4,786$3,814$3,021$2,498
21 years$6,950$5,555$4,402$3,461$2,704$2,210
22 years$6,564$5,186$4,057$3,147$2,423$1,958
23 years$6,212$4,850$3,746$2,866$2,175$1,736
24 years$5,890$4,544$3,464$2,614$1,955$1,542
25 years$5,595$4,265$3,209$2,387$1,759$1,371
26 years$5,322$4,008$2,976$2,183$1,585$1,220
27 years$5,070$3,772$2,763$1,998$1,429$1,086
28 years$4,836$3,554$2,569$1,831$1,289$968
29 years$4,619$3,353$2,391$1,679$1,164$863
30 years$4,417$3,167$2,227$1,541$1,052$769
31 years$4,228$2,994$2,076$1,415$951$687
32 years$4,052$2,832$1,937$1,300$860$613
33 years$3,886$2,682$1,808$1,196$779$548
34 years$3,731$2,542$1,690$1,100$705$489
35 years$3,584$2,411$1,580$1,013$638$437
36 years$3,446$2,289$1,478$933$578$391
37 years$3,316$2,174$1,383$859$524$350
38 years$3,193$2,066$1,295$792$475$313
39 years$3,077$1,964$1,214$730$431$280
40 years$2,967$1,869$1,138$674$391$250
41 years$2,862$1,779$1,067$622$355$224
42 years$2,763$1,694$1,001$574$322$201
43 years$2,668$1,614$939$530$292$179
44 years$2,578$1,539$881$489$265$161
45 years$2,493$1,467$827$452$241$144
46 years$2,411$1,400$777$417$219$129
47 years$2,333$1,336$730$385$198$115
48 years$2,258$1,275$686$356$180$103
49 years$2,187$1,218$645$329$164$92
50 years$2,119$1,163$606$304$149$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,170,000, adding $3,178 every year, while hoping to spend $50,984 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: 59/20/21 Blend
79$2,170,000$2,170,000$2,170,000$2,170,000
80$2,394,618$2,279,608$2,245,973$2,522,397
81$2,584,623$2,337,062$2,266,967$2,666,974
82$2,792,299$2,395,623$2,286,955$2,818,757
83$3,019,395$2,455,291$2,305,850$2,983,166
84$3,267,838$2,516,064$2,323,560$3,161,432
85$3,539,745$2,577,939$2,339,987$3,354,912
86$3,837,454$2,640,913$2,355,031$3,565,102
87$4,163,533$2,704,976$2,368,583$3,793,647
88$4,520,813$2,770,120$2,380,531$4,042,363
89$4,912,414$2,836,334$2,390,756$4,313,248
90$5,341,767$2,903,601$2,399,134$4,608,505
91$5,812,656$2,971,906$2,405,534$4,930,561
92$6,329,245$3,041,228$2,409,817$5,282,089
93$6,896,123$3,111,543$2,411,841$5,666,039
94$7,518,343$3,182,824$2,411,453$6,085,655
95$8,201,473$3,255,041$2,408,495$6,544,518
96$8,951,643$3,328,158$2,402,801$7,046,571
97$9,775,611$3,402,138$2,394,194$7,596,161
98$10,680,816$3,476,935$2,382,492$8,198,076
99$11,675,457$3,552,503$2,367,503$8,857,596
100$12,768,565$3,628,787$2,349,026$9,580,537