Can I retire at age 80 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$190,758$189,058$187,401$185,783$184,203$183,426
2 years$94,434$92,676$90,971$89,319$87,716$86,932
3 years$62,331$60,565$58,864$57,227$55,650$54,884
4 years$46,282$44,521$42,838$41,229$39,690$38,946
5 years$36,656$34,905$33,244$31,668$30,172$29,453
6 years$30,240$28,503$26,866$25,325$23,874$23,181
7 years$25,659$23,937$22,326$20,821$19,416$18,749
8 years$22,225$20,518$18,934$17,466$16,107$15,467
9 years$19,556$17,865$16,308$14,877$13,565$12,950
10 years$17,421$15,747$14,218$12,824$11,558$10,969
11 years$15,676$14,019$12,517$11,161$9,940$9,377
12 years$14,223$12,582$11,109$9,790$8,614$8,076
13 years$12,994$11,371$9,925$8,643$7,512$6,998
14 years$11,942$10,336$8,917$7,672$6,585$6,095
15 years$11,031$9,442$8,051$6,842$5,798$5,331
16 years$10,234$8,663$7,300$6,127$5,124$4,680
17 years$9,532$7,978$6,642$5,505$4,543$4,122
18 years$8,909$7,372$6,064$4,961$4,040$3,640
19 years$8,352$6,832$5,551$4,482$3,601$3,221
20 years$7,851$6,349$5,094$4,060$3,216$2,857
21 years$7,398$5,914$4,686$3,684$2,878$2,538
22 years$6,988$5,520$4,319$3,350$2,580$2,259
23 years$6,613$5,163$3,988$3,051$2,316$2,012
24 years$6,270$4,837$3,688$2,783$2,081$1,795
25 years$5,956$4,540$3,416$2,541$1,873$1,603
26 years$5,665$4,267$3,168$2,324$1,687$1,433
27 years$5,397$4,015$2,942$2,127$1,521$1,282
28 years$5,148$3,784$2,735$1,949$1,372$1,148
29 years$4,917$3,569$2,545$1,787$1,239$1,028
30 years$4,702$3,371$2,370$1,640$1,120$922
31 years$4,501$3,187$2,210$1,506$1,012$827
32 years$4,313$3,015$2,062$1,384$916$742
33 years$4,137$2,855$1,925$1,273$829$666
34 years$3,971$2,706$1,799$1,171$750$598
35 years$3,816$2,567$1,682$1,078$680$537
36 years$3,669$2,436$1,573$993$616$482
37 years$3,530$2,314$1,472$915$558$434
38 years$3,399$2,199$1,379$843$506$390
39 years$3,276$2,091$1,292$778$459$351
40 years$3,158$1,990$1,211$717$416$315
41 years$3,047$1,894$1,135$662$378$284
42 years$2,941$1,804$1,065$611$343$255
43 years$2,840$1,719$999$564$311$230
44 years$2,745$1,638$938$520$282$207
45 years$2,653$1,562$881$481$256$186
46 years$2,566$1,490$827$444$233$167
47 years$2,483$1,422$777$410$211$151
48 years$2,404$1,358$730$379$192$136
49 years$2,328$1,296$687$350$174$122
50 years$2,255$1,238$645$324$158$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,310,000, adding $4,827 every year, while hoping to spend $35,255 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: 70/23/7 Blend
79$2,310,000$2,310,000$2,310,000$2,310,000
80$2,550,599$2,428,169$2,392,364$2,726,029
81$2,773,249$2,509,638$2,434,997$2,924,134
82$3,017,428$2,593,918$2,477,877$3,136,030
83$3,285,294$2,681,108$2,520,974$3,366,920
84$3,579,225$2,771,314$2,564,258$3,618,661
85$3,901,841$2,864,643$2,607,696$3,893,296
86$4,256,025$2,961,207$2,651,250$4,193,077
87$4,644,957$3,061,124$2,694,884$4,520,480
88$5,072,137$3,164,512$2,738,556$4,878,231
89$5,541,420$3,271,499$2,782,224$5,269,333
90$6,057,056$3,382,214$2,825,840$5,697,091
91$6,623,725$3,496,792$2,869,355$6,165,145
92$7,246,584$3,615,373$2,912,716$6,677,501
93$7,931,311$3,738,102$2,955,868$7,238,574
94$8,684,167$3,865,131$2,998,751$7,853,223
95$9,512,045$3,996,615$3,041,303$8,526,801
96$10,422,543$4,132,719$3,083,456$9,265,201
97$11,424,030$4,273,610$3,125,139$10,074,917
98$12,525,728$4,419,464$3,166,279$10,963,098
99$13,737,797$4,570,463$3,206,794$11,937,621
100$15,071,433$4,726,795$3,246,602$13,007,161