Can I retire at age 80 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$181,674$180,056$178,477$176,936$175,431$171,121
2 years$89,938$88,263$86,639$85,065$83,539$79,223
3 years$59,363$57,681$56,061$54,502$53,000$48,814
4 years$44,078$42,401$40,798$39,266$37,800$33,775
5 years$34,910$33,243$31,661$30,160$28,735$24,883
6 years$28,800$27,146$25,587$24,119$22,737$19,061
7 years$24,437$22,797$21,263$19,830$18,491$14,992
8 years$21,167$19,541$18,033$16,635$15,340$12,017
9 years$18,624$17,014$15,531$14,169$12,919$9,768
10 years$16,592$14,997$13,541$12,214$11,007$8,026
11 years$14,930$13,351$11,921$10,630$9,467$6,650
12 years$13,546$11,983$10,580$9,324$8,204$5,547
13 years$12,375$10,829$9,452$8,231$7,154$4,652
14 years$11,373$9,843$8,493$7,307$6,271$3,918
15 years$10,505$8,992$7,668$6,516$5,521$3,312
16 years$9,747$8,250$6,952$5,835$4,880$2,809
17 years$9,078$7,598$6,326$5,243$4,327$2,388
18 years$8,485$7,021$5,775$4,725$3,847$2,034
19 years$7,954$6,507$5,287$4,269$3,429$1,735
20 years$7,477$6,047$4,852$3,866$3,063$1,483
21 years$7,046$5,632$4,463$3,509$2,741$1,269
22 years$6,655$5,257$4,113$3,191$2,457$1,087
23 years$6,298$4,917$3,798$2,906$2,205$932
24 years$5,972$4,607$3,512$2,650$1,982$800
25 years$5,672$4,323$3,253$2,420$1,784$687
26 years$5,396$4,063$3,017$2,213$1,607$590
27 years$5,140$3,824$2,802$2,026$1,449$507
28 years$4,903$3,603$2,604$1,856$1,307$436
29 years$4,683$3,399$2,424$1,702$1,180$375
30 years$4,478$3,210$2,258$1,562$1,066$323
31 years$4,287$3,035$2,105$1,434$964$278
32 years$4,108$2,872$1,964$1,318$872$239
33 years$3,940$2,719$1,833$1,212$789$206
34 years$3,782$2,577$1,713$1,115$715$177
35 years$3,634$2,445$1,602$1,027$647$153
36 years$3,494$2,320$1,498$946$586$132
37 years$3,362$2,204$1,402$871$532$113
38 years$3,238$2,094$1,313$803$482$98
39 years$3,120$1,992$1,230$740$437$84
40 years$3,008$1,895$1,153$683$396$72
41 years$2,902$1,804$1,081$630$360$62
42 years$2,801$1,718$1,014$582$326$54
43 years$2,705$1,637$952$537$296$46
44 years$2,614$1,560$893$496$269$40
45 years$2,527$1,488$839$458$244$34
46 years$2,444$1,419$788$423$222$30
47 years$2,365$1,354$740$391$201$26
48 years$2,289$1,293$696$361$183$22
49 years$2,217$1,235$654$334$166$19
50 years$2,148$1,179$615$308$151$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,200,000, adding $5,393 every year, while hoping to spend $48,705 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: 79/6/15 Blend
79$2,200,000$2,200,000$2,200,000$2,200,000
80$2,429,963$2,313,363$2,279,263$2,613,930
81$2,625,997$2,374,896$2,303,796$2,797,351
82$2,840,395$2,437,812$2,327,519$2,991,784
83$3,074,977$2,502,127$2,350,353$3,203,743
84$3,331,750$2,567,856$2,372,216$3,434,965
85$3,612,922$2,635,015$2,393,018$3,687,358
86$3,920,926$2,703,616$2,412,670$3,963,028
87$4,258,440$2,773,673$2,431,074$4,264,292
88$4,628,414$2,845,196$2,448,128$4,593,704
89$5,034,098$2,918,195$2,463,726$4,954,076
90$5,479,068$2,992,680$2,477,753$5,348,506
91$5,967,268$3,068,656$2,490,093$5,780,410
92$6,503,039$3,146,130$2,500,620$6,253,546
93$7,091,162$3,225,103$2,509,204$6,772,058
94$7,736,905$3,305,578$2,515,707$7,340,512
95$8,446,071$3,387,552$2,519,985$7,963,937
96$9,225,052$3,471,024$2,521,886$8,647,874
97$10,080,889$3,555,987$2,521,252$9,398,428
98$11,021,341$3,642,431$2,517,915$10,222,328
99$12,054,953$3,730,346$2,511,700$11,126,985
100$13,191,141$3,819,715$2,502,425$12,120,567