Can I retire at age 80 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$182,500$180,874$179,288$177,740$176,229$172,178
2 years$90,346$88,664$87,033$85,452$83,918$79,860
3 years$59,633$57,943$56,316$54,750$53,241$49,302
4 years$44,279$42,594$40,984$39,444$37,972$34,182
5 years$35,069$33,394$31,805$30,297$28,866$25,235
6 years$28,931$27,269$25,703$24,229$22,841$19,373
7 years$24,548$22,900$21,359$19,920$18,575$15,272
8 years$21,263$19,630$18,115$16,710$15,410$12,270
9 years$18,709$17,091$15,602$14,233$12,978$9,998
10 years$16,667$15,065$13,602$12,269$11,058$8,235
11 years$14,997$13,412$11,975$10,678$9,510$6,841
12 years$13,607$12,038$10,628$9,366$8,241$5,721
13 years$12,432$10,878$9,495$8,269$7,186$4,811
14 years$11,425$9,888$8,531$7,340$6,300$4,063
15 years$10,553$9,033$7,703$6,546$5,547$3,445
16 years$9,791$8,288$6,984$5,861$4,902$2,929
17 years$9,119$7,633$6,355$5,266$4,347$2,497
18 years$8,523$7,053$5,801$4,746$3,865$2,133
19 years$7,990$6,537$5,311$4,288$3,445$1,826
20 years$7,511$6,074$4,874$3,884$3,077$1,565
21 years$7,078$5,658$4,483$3,525$2,753$1,343
22 years$6,685$5,281$4,132$3,205$2,468$1,154
23 years$6,327$4,940$3,815$2,919$2,216$993
24 years$5,999$4,628$3,528$2,662$1,991$855
25 years$5,698$4,343$3,268$2,431$1,792$736
26 years$5,420$4,082$3,031$2,223$1,614$634
27 years$5,163$3,842$2,814$2,035$1,455$547
28 years$4,926$3,620$2,616$1,864$1,313$472
29 years$4,705$3,415$2,435$1,710$1,186$407
30 years$4,499$3,225$2,268$1,569$1,071$352
31 years$4,306$3,049$2,114$1,441$969$304
32 years$4,126$2,885$1,973$1,324$876$262
33 years$3,958$2,732$1,842$1,218$793$227
34 years$3,799$2,589$1,721$1,120$718$196
35 years$3,650$2,456$1,609$1,031$650$169
36 years$3,510$2,331$1,505$950$589$146
37 years$3,377$2,214$1,409$875$534$126
38 years$3,252$2,104$1,319$807$484$109
39 years$3,134$2,001$1,236$744$439$94
40 years$3,021$1,903$1,158$686$398$82
41 years$2,915$1,812$1,086$633$361$71
42 years$2,814$1,726$1,019$584$328$61
43 years$2,717$1,644$956$539$297$53
44 years$2,626$1,567$898$498$270$46
45 years$2,539$1,494$843$460$245$40
46 years$2,455$1,426$792$425$223$34
47 years$2,376$1,361$744$392$202$30
48 years$2,300$1,299$699$363$184$26
49 years$2,227$1,240$657$335$167$22
50 years$2,158$1,185$618$310$151$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,210,000, adding $3,699 every year, while hoping to spend $23,523 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: 52/25/23 Blend
79$2,210,000$2,210,000$2,210,000$2,210,000
80$2,439,236$2,322,106$2,287,851$2,550,307
81$2,663,009$2,410,860$2,339,465$2,716,188
82$2,908,820$2,503,176$2,392,021$2,893,808
83$3,178,889$2,599,202$2,445,523$3,086,528
84$3,475,667$2,699,094$2,499,980$3,295,796
85$3,801,851$2,803,015$2,555,395$3,523,202
86$4,160,413$2,911,137$2,611,774$3,770,494
87$4,554,628$3,023,635$2,669,121$4,039,597
88$4,988,104$3,140,696$2,727,440$4,332,627
89$5,464,814$3,262,514$2,786,733$4,651,913
90$5,989,138$3,389,291$2,847,002$5,000,019
91$6,565,901$3,521,237$2,908,247$5,379,765
92$7,200,419$3,658,573$2,970,470$5,794,254
93$7,898,549$3,801,530$3,033,667$6,246,904
94$8,666,744$3,950,349$3,097,838$6,741,476
95$9,512,115$4,105,279$3,162,979$7,282,108
96$10,442,497$4,266,584$3,229,085$7,873,359
97$11,466,523$4,434,537$3,296,151$8,520,246
98$12,593,704$4,609,425$3,364,167$9,228,293
99$13,834,522$4,791,547$3,433,127$10,003,582
100$15,200,526$4,981,216$3,503,019$10,852,812