Can I retire at age 80 with 2,180,000?

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 $2,180,000?

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$180,022$178,419$176,854$175,327$173,836$170,676
2 years$89,120$87,460$85,852$84,292$82,779$79,606
3 years$58,823$57,156$55,552$54,007$52,519$49,432
4 years$43,678$42,016$40,427$38,909$37,457$34,480
5 years$34,593$32,941$31,373$29,886$28,474$25,617
6 years$28,538$26,899$25,354$23,900$22,530$19,795
7 years$24,215$22,590$21,070$19,649$18,323$15,711
8 years$20,974$19,363$17,869$16,483$15,201$12,710
9 years$18,455$16,859$15,390$14,040$12,801$10,431
10 years$16,441$14,861$13,418$12,103$10,907$8,656
11 years$14,794$13,230$11,813$10,533$9,381$7,245
12 years$13,422$11,874$10,483$9,239$8,129$6,107
13 years$12,263$10,731$9,366$8,157$7,089$5,176
14 years$11,270$9,754$8,416$7,240$6,214$4,408
15 years$10,410$8,910$7,598$6,457$5,471$3,768
16 years$9,658$8,175$6,889$5,782$4,836$3,231
17 years$8,996$7,529$6,269$5,195$4,288$2,778
18 years$8,407$6,957$5,722$4,682$3,812$2,395
19 years$7,882$6,448$5,239$4,230$3,398$2,068
20 years$7,409$5,992$4,808$3,831$3,035$1,789
21 years$6,982$5,581$4,422$3,477$2,716$1,549
22 years$6,594$5,210$4,076$3,162$2,435$1,344
23 years$6,241$4,872$3,763$2,879$2,185$1,166
24 years$5,918$4,565$3,480$2,626$1,964$1,014
25 years$5,620$4,284$3,223$2,398$1,768$881
26 years$5,347$4,026$2,990$2,193$1,592$767
27 years$5,093$3,789$2,776$2,007$1,435$668
28 years$4,859$3,571$2,581$1,839$1,295$582
29 years$4,641$3,369$2,402$1,686$1,170$507
30 years$4,438$3,181$2,237$1,548$1,057$442
31 years$4,248$3,007$2,086$1,421$955$386
32 years$4,070$2,846$1,946$1,306$864$336
33 years$3,904$2,695$1,817$1,201$782$294
34 years$3,748$2,554$1,698$1,105$708$256
35 years$3,601$2,422$1,587$1,017$641$224
36 years$3,462$2,299$1,485$937$581$195
37 years$3,332$2,184$1,390$863$527$171
38 years$3,208$2,075$1,301$796$478$149
39 years$3,091$1,973$1,219$734$433$130
40 years$2,980$1,878$1,143$677$393$114
41 years$2,875$1,787$1,072$624$356$99
42 years$2,775$1,702$1,005$576$323$87
43 years$2,681$1,622$943$532$293$76
44 years$2,590$1,546$885$491$266$66
45 years$2,504$1,474$831$454$242$58
46 years$2,422$1,406$781$419$220$51
47 years$2,344$1,342$734$387$199$44
48 years$2,269$1,281$689$358$181$39
49 years$2,197$1,223$648$331$164$34
50 years$2,128$1,169$609$306$149$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,180,000, adding $4,335 every year, while hoping to spend $55,240 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: 72/18/10 Blend
79$2,180,000$2,180,000$2,180,000$2,180,000
80$2,406,832$2,291,292$2,257,502$2,575,248
81$2,593,553$2,344,790$2,274,353$2,740,658
82$2,797,470$2,399,058$2,289,917$2,914,468
83$3,020,275$2,454,076$2,304,094$3,103,268
84$3,263,837$2,509,820$2,316,775$3,308,524
85$3,530,211$2,566,263$2,327,849$3,531,852
86$3,821,659$2,623,376$2,337,198$3,775,028
87$4,140,672$2,681,126$2,344,698$4,040,010
88$4,489,995$2,739,475$2,350,220$4,328,956
89$4,872,648$2,798,383$2,353,626$4,644,240
90$5,291,959$2,857,805$2,354,773$4,988,480
91$5,751,593$2,917,691$2,353,512$5,364,559
92$6,255,584$2,977,987$2,349,683$5,775,651
93$6,808,378$3,038,633$2,343,123$6,225,256
94$7,414,871$3,099,564$2,333,656$6,717,229
95$8,080,456$3,160,711$2,321,101$7,255,816
96$8,811,072$3,221,995$2,305,268$7,845,696
97$9,613,263$3,283,335$2,285,956$8,492,025
98$10,494,237$3,344,639$2,262,956$9,200,484
99$11,461,933$3,405,810$2,236,049$9,977,330
100$12,525,099$3,466,743$2,205,005$10,829,463