Can I retire at age 80 with 2,260,000?

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 $2,260,000?

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$186,629$184,966$183,344$181,761$180,216$177,230
2 years$92,390$90,670$89,002$87,385$85,817$82,818
3 years$60,982$59,254$57,590$55,989$54,446$51,526
4 years$45,281$43,558$41,911$40,337$38,831$36,014
5 years$35,862$34,150$32,525$30,982$29,519$26,812
6 years$29,585$27,886$26,285$24,777$23,357$20,764
7 years$25,104$23,419$21,843$20,370$18,996$16,516
8 years$21,744$20,074$18,524$17,088$15,759$13,393
9 years$19,132$17,478$15,955$14,555$13,271$11,018
10 years$17,044$15,406$13,910$12,547$11,308$9,165
11 years$15,337$13,715$12,246$10,920$9,725$7,691
12 years$13,915$12,310$10,868$9,578$8,427$6,499
13 years$12,713$11,125$9,710$8,456$7,349$5,523
14 years$11,683$10,112$8,724$7,506$6,442$4,716
15 years$10,792$9,237$7,877$6,694$5,672$4,042
16 years$10,013$8,475$7,142$5,994$5,013$3,476
17 years$9,326$7,805$6,499$5,385$4,445$2,998
18 years$8,716$7,212$5,932$4,853$3,952$2,591
19 years$8,171$6,684$5,431$4,385$3,523$2,244
20 years$7,681$6,211$4,984$3,972$3,146$1,947
21 years$7,238$5,786$4,584$3,605$2,816$1,692
22 years$6,836$5,401$4,225$3,278$2,524$1,472
23 years$6,470$5,051$3,901$2,985$2,266$1,282
24 years$6,135$4,733$3,608$2,722$2,036$1,117
25 years$5,827$4,441$3,342$2,486$1,832$974
26 years$5,543$4,174$3,099$2,273$1,651$851
27 years$5,280$3,928$2,878$2,081$1,488$743
28 years$5,037$3,702$2,675$1,906$1,343$649
29 years$4,811$3,492$2,490$1,748$1,213$568
30 years$4,600$3,298$2,319$1,604$1,096$497
31 years$4,404$3,118$2,162$1,474$991$435
32 years$4,220$2,950$2,017$1,354$896$380
33 years$4,047$2,794$1,883$1,245$811$333
34 years$3,885$2,648$1,760$1,146$734$292
35 years$3,733$2,511$1,645$1,055$665$256
36 years$3,589$2,384$1,539$971$602$224
37 years$3,454$2,264$1,441$895$546$196
38 years$3,326$2,152$1,349$825$495$172
39 years$3,205$2,046$1,264$761$449$151
40 years$3,090$1,946$1,185$702$407$132
41 years$2,981$1,853$1,111$647$369$116
42 years$2,877$1,765$1,042$597$335$101
43 years$2,779$1,681$978$551$304$89
44 years$2,685$1,603$918$509$276$78
45 years$2,596$1,528$862$470$251$68
46 years$2,511$1,458$809$434$228$60
47 years$2,430$1,391$760$401$207$53
48 years$2,352$1,328$715$371$188$46
49 years$2,278$1,268$672$343$170$40
50 years$2,207$1,212$631$317$155$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,260,000, adding $2,476 every year, while hoping to spend $55,285 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: 68/24/8 Blend
79$2,260,000$2,260,000$2,260,000$2,260,000
80$2,493,074$2,373,294$2,338,264$2,658,824
81$2,688,545$2,430,763$2,357,773$2,826,527
82$2,902,101$2,489,194$2,376,083$3,002,937
83$3,135,528$2,548,578$2,393,094$3,194,375
84$3,390,793$2,608,900$2,408,705$3,402,303
85$3,670,062$2,670,144$2,422,804$3,628,331
86$3,975,718$2,732,291$2,435,278$3,874,231
87$4,310,388$2,795,320$2,446,007$4,141,956
88$4,676,963$2,859,205$2,454,863$4,433,655
89$5,078,625$2,923,918$2,461,713$4,751,696
90$5,518,883$2,989,428$2,466,418$5,098,688
91$6,001,597$3,055,698$2,468,831$5,477,504
92$6,531,021$3,122,689$2,468,799$5,891,308
93$7,111,841$3,190,356$2,466,159$6,343,587
94$7,749,216$3,258,651$2,460,742$6,838,181
95$8,448,829$3,327,518$2,452,371$7,379,322
96$9,216,944$3,396,900$2,440,859$7,971,672
97$10,060,455$3,466,731$2,426,010$8,620,366
98$10,986,961$3,536,941$2,407,621$9,331,063
99$12,004,831$3,607,451$2,385,477$10,109,998
100$13,123,286$3,678,178$2,359,352$10,964,041