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%12.3%
1 years$190,758$189,058$187,401$185,783$184,203$182,431
2 years$94,434$92,676$90,971$89,319$87,716$85,931
3 years$62,331$60,565$58,864$57,227$55,650$53,908
4 years$46,282$44,521$42,838$41,229$39,690$38,003
5 years$36,656$34,905$33,244$31,668$30,172$28,546
6 years$30,240$28,503$26,866$25,325$23,874$22,311
7 years$25,659$23,937$22,326$20,821$19,416$17,916
8 years$22,225$20,518$18,934$17,466$16,107$14,671
9 years$19,556$17,865$16,308$14,877$13,565$12,191
10 years$17,421$15,747$14,218$12,824$11,558$10,246
11 years$15,676$14,019$12,517$11,161$9,940$8,689
12 years$14,223$12,582$11,109$9,790$8,614$7,423
13 years$12,994$11,371$9,925$8,643$7,512$6,379
14 years$11,942$10,336$8,917$7,672$6,585$5,508
15 years$11,031$9,442$8,051$6,842$5,798$4,777
16 years$10,234$8,663$7,300$6,127$5,124$4,157
17 years$9,532$7,978$6,642$5,505$4,543$3,628
18 years$8,909$7,372$6,064$4,961$4,040$3,174
19 years$8,352$6,832$5,551$4,482$3,601$2,783
20 years$7,851$6,349$5,094$4,060$3,216$2,445
21 years$7,398$5,914$4,686$3,684$2,878$2,152
22 years$6,988$5,520$4,319$3,350$2,580$1,896
23 years$6,613$5,163$3,988$3,051$2,316$1,673
24 years$6,270$4,837$3,688$2,783$2,081$1,478
25 years$5,956$4,540$3,416$2,541$1,873$1,306
26 years$5,665$4,267$3,168$2,324$1,687$1,156
27 years$5,397$4,015$2,942$2,127$1,521$1,024
28 years$5,148$3,784$2,735$1,949$1,372$907
29 years$4,917$3,569$2,545$1,787$1,239$804
30 years$4,702$3,371$2,370$1,640$1,120$713
31 years$4,501$3,187$2,210$1,506$1,012$633
32 years$4,313$3,015$2,062$1,384$916$562
33 years$4,137$2,855$1,925$1,273$829$499
34 years$3,971$2,706$1,799$1,171$750$443
35 years$3,816$2,567$1,682$1,078$680$394
36 years$3,669$2,436$1,573$993$616$350
37 years$3,530$2,314$1,472$915$558$311
38 years$3,399$2,199$1,379$843$506$277
39 years$3,276$2,091$1,292$778$459$246
40 years$3,158$1,990$1,211$717$416$219
41 years$3,047$1,894$1,135$662$378$195
42 years$2,941$1,804$1,065$611$343$173
43 years$2,840$1,719$999$564$311$154
44 years$2,745$1,638$938$520$282$137
45 years$2,653$1,562$881$481$256$122
46 years$2,566$1,490$827$444$233$109
47 years$2,483$1,422$777$410$211$97
48 years$2,404$1,358$730$379$192$86
49 years$2,328$1,296$687$350$174$77
50 years$2,255$1,238$645$324$158$68

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 $5,784 every year, while hoping to spend $31,595 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: 57/37/6 Blend
79$2,310,000$2,310,000$2,310,000$2,310,000
80$2,551,586$2,429,156$2,393,351$2,693,526
81$2,778,231$2,514,568$2,439,912$2,875,028
82$3,026,935$2,603,106$2,486,973$3,068,614
83$3,299,914$2,694,890$2,534,518$3,278,741
84$3,599,611$2,790,045$2,582,530$3,506,991
85$3,928,714$2,888,700$2,630,988$3,755,100
86$4,290,187$2,990,991$2,679,870$4,024,983
87$4,687,294$3,097,057$2,729,154$4,318,742
88$5,123,630$3,207,045$2,778,812$4,638,691
89$5,603,157$3,321,107$2,828,819$4,987,376
90$6,130,239$3,439,401$2,879,144$5,367,597
91$6,709,682$3,562,091$2,929,755$5,782,437
92$7,346,786$3,689,349$2,980,617$6,235,286
93$8,047,384$3,821,353$3,031,694$6,729,879
94$8,817,907$3,958,289$3,082,945$7,270,322
95$9,665,438$4,100,350$3,134,329$7,861,139
96$10,597,783$4,247,737$3,185,799$8,507,307
97$11,623,541$4,400,661$3,237,308$9,214,307
98$12,752,187$4,559,338$3,288,802$9,988,171
99$13,994,161$4,723,996$3,340,228$10,835,543
100$15,360,965$4,894,872$3,391,525$11,763,735