Can I retire at age 80 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$188,280$186,603$184,967$183,370$181,810$175,569
2 years$93,208$91,472$89,790$88,159$86,576$80,352
3 years$61,521$59,778$58,100$56,484$54,928$48,916
4 years$45,681$43,943$42,282$40,694$39,175$33,421
5 years$36,180$34,452$32,812$31,257$29,780$24,300
6 years$29,847$28,133$26,517$24,996$23,564$18,362
7 years$25,326$23,626$22,036$20,551$19,164$14,238
8 years$21,936$20,252$18,688$17,239$15,898$11,246
9 years$19,302$17,633$16,096$14,684$13,389$9,004
10 years$17,195$15,542$14,033$12,658$11,408$7,283
11 years$15,472$13,836$12,354$11,016$9,811$5,938
12 years$14,038$12,419$10,964$9,663$8,502$4,872
13 years$12,825$11,223$9,796$8,531$7,414$4,017
14 years$11,787$10,201$8,802$7,573$6,499$3,326
15 years$10,887$9,319$7,947$6,753$5,722$2,762
16 years$10,101$8,550$7,205$6,047$5,057$2,301
17 years$9,408$7,874$6,556$5,433$4,484$1,920
18 years$8,793$7,276$5,985$4,896$3,987$1,606
19 years$8,243$6,744$5,479$4,424$3,554$1,345
20 years$7,749$6,266$5,028$4,007$3,174$1,127
21 years$7,302$5,837$4,625$3,637$2,841$946
22 years$6,897$5,449$4,263$3,307$2,546$795
23 years$6,527$5,096$3,936$3,011$2,286$668
24 years$6,189$4,775$3,640$2,747$2,054$562
25 years$5,878$4,481$3,371$2,508$1,849$473
26 years$5,592$4,211$3,127$2,293$1,665$398
27 years$5,327$3,963$2,903$2,099$1,501$335
28 years$5,082$3,734$2,699$1,923$1,355$283
29 years$4,854$3,523$2,512$1,764$1,223$238
30 years$4,641$3,327$2,340$1,619$1,105$201
31 years$4,443$3,145$2,181$1,487$999$169
32 years$4,257$2,976$2,035$1,366$904$143
33 years$4,083$2,818$1,900$1,256$818$120
34 years$3,920$2,671$1,775$1,156$741$102
35 years$3,766$2,534$1,660$1,064$671$86
36 years$3,621$2,405$1,553$980$608$72
37 years$3,484$2,284$1,453$903$551$61
38 years$3,355$2,171$1,361$832$499$51
39 years$3,233$2,064$1,275$767$453$43
40 years$3,117$1,964$1,195$708$411$37
41 years$3,007$1,869$1,121$653$373$31
42 years$2,903$1,780$1,051$603$338$26
43 years$2,803$1,696$986$556$307$22
44 years$2,709$1,617$926$514$279$19
45 years$2,619$1,542$869$474$253$16
46 years$2,533$1,471$817$438$230$13
47 years$2,451$1,404$767$405$209$11
48 years$2,373$1,340$721$374$189$9
49 years$2,298$1,280$678$346$172$8
50 years$2,226$1,222$637$320$156$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,280,000, adding $4,116 every year, while hoping to spend $29,260 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: 56/14/30 Blend
79$2,280,000$2,280,000$2,280,000$2,280,000
80$2,516,806$2,395,966$2,360,626$2,636,640
81$2,742,387$2,482,236$2,408,574$2,806,006
82$2,989,998$2,571,752$2,457,148$2,987,091
83$3,261,853$2,664,643$2,506,338$3,183,827
84$3,560,394$2,761,043$2,556,132$3,397,735
85$3,888,310$2,861,089$2,606,519$3,630,493
86$4,248,563$2,964,928$2,657,482$3,883,946
87$4,644,416$3,072,710$2,709,008$4,160,125
88$5,079,466$3,184,592$2,761,079$4,461,265
89$5,557,672$3,300,737$2,813,676$4,789,831
90$6,083,398$3,421,317$2,866,778$5,148,533
91$6,661,452$3,546,509$2,920,362$5,540,357
92$7,297,130$3,676,498$2,974,404$5,968,591
93$7,996,268$3,811,477$3,028,877$6,436,858
94$8,765,296$3,951,647$3,083,753$6,949,145
95$9,611,296$4,097,218$3,138,999$7,509,845
96$10,542,075$4,248,408$3,194,581$8,123,796
97$11,566,231$4,405,445$3,250,465$8,796,328
98$12,693,240$4,568,566$3,306,609$9,533,311
99$13,933,543$4,738,018$3,362,973$10,341,211
100$15,298,643$4,914,060$3,419,511$11,227,152