Can I retire at age 80 with 2,320,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$191,583$189,877$188,212$186,587$185,000$183,603
2 years$94,843$93,077$91,365$89,705$88,095$86,687
3 years$62,601$60,827$59,119$57,475$55,891$54,515
4 years$46,483$44,714$43,024$41,408$39,862$38,529
5 years$36,814$35,056$33,388$31,805$30,303$29,016
6 years$30,371$28,626$26,983$25,435$23,977$22,739
7 years$25,770$24,040$22,423$20,911$19,500$18,311
8 years$22,321$20,607$19,016$17,542$16,177$15,037
9 years$19,640$17,942$16,379$14,942$13,624$12,532
10 years$17,497$15,815$14,279$12,880$11,608$10,564
11 years$15,744$14,079$12,571$11,209$9,983$8,987
12 years$14,284$12,637$11,157$9,832$8,651$7,701
13 years$13,050$11,420$9,968$8,680$7,544$6,639
14 years$11,994$10,380$8,956$7,705$6,613$5,752
15 years$11,078$9,483$8,086$6,872$5,823$5,005
16 years$10,278$8,700$7,331$6,153$5,146$4,370
17 years$9,573$8,013$6,671$5,528$4,563$3,827
18 years$8,947$7,404$6,090$4,982$4,057$3,361
19 years$8,388$6,862$5,575$4,502$3,616$2,958
20 years$7,885$6,376$5,116$4,077$3,230$2,608
21 years$7,431$5,939$4,706$3,700$2,891$2,303
22 years$7,018$5,544$4,337$3,365$2,591$2,037
23 years$6,642$5,185$4,005$3,064$2,326$1,804
24 years$6,298$4,858$3,704$2,795$2,090$1,600
25 years$5,981$4,559$3,430$2,552$1,881$1,420
26 years$5,690$4,285$3,182$2,334$1,694$1,261
27 years$5,420$4,033$2,954$2,136$1,528$1,121
28 years$5,171$3,800$2,746$1,957$1,378$998
29 years$4,939$3,585$2,556$1,795$1,245$888
30 years$4,723$3,386$2,381$1,647$1,125$791
31 years$4,521$3,200$2,219$1,513$1,017$705
32 years$4,332$3,028$2,071$1,390$920$628
33 years$4,155$2,868$1,933$1,278$832$560
34 years$3,989$2,718$1,807$1,176$754$500
35 years$3,832$2,578$1,689$1,083$683$446
36 years$3,685$2,447$1,580$997$618$398
37 years$3,546$2,324$1,479$919$561$355
38 years$3,414$2,209$1,385$847$508$317
39 years$3,290$2,100$1,297$781$461$283
40 years$3,172$1,998$1,216$720$418$253
41 years$3,060$1,902$1,140$665$379$226
42 years$2,954$1,811$1,070$613$344$202
43 years$2,853$1,726$1,004$566$312$180
44 years$2,756$1,645$942$523$283$161
45 years$2,665$1,569$885$483$257$144
46 years$2,577$1,497$831$446$234$129
47 years$2,494$1,428$781$412$212$115
48 years$2,414$1,363$734$381$193$103
49 years$2,338$1,302$690$352$175$92
50 years$2,265$1,244$648$325$159$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,320,000, adding $4,743 every year, while hoping to spend $42,847 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: 76/6/18 Blend
79$2,320,000$2,320,000$2,320,000$2,320,000
80$2,561,532$2,438,572$2,402,612$2,745,353
81$2,777,220$2,512,474$2,437,511$2,941,505
82$3,013,471$2,588,560$2,472,143$3,150,726
83$3,272,339$2,666,893$2,506,453$3,378,975
84$3,556,084$2,747,537$2,540,385$3,628,136
85$3,867,194$2,830,556$2,573,878$3,900,290
86$4,208,412$2,916,017$2,606,867$4,197,723
87$4,582,757$3,003,989$2,639,284$4,522,957
88$4,993,555$3,094,542$2,671,058$4,878,769
89$5,444,471$3,187,747$2,702,111$5,268,217
90$5,939,540$3,283,680$2,732,364$5,694,673
91$6,483,207$3,382,414$2,761,733$6,161,847
92$7,080,370$3,484,029$2,790,127$6,673,830
93$7,736,424$3,588,602$2,817,452$7,235,128
94$8,457,312$3,696,216$2,843,610$7,850,706
95$9,249,581$3,806,954$2,868,494$8,526,032
96$10,120,445$3,920,902$2,891,995$9,267,133
97$11,077,851$4,038,146$2,913,997$10,080,650
98$12,130,553$4,158,776$2,934,377$10,973,896
99$13,288,197$4,282,884$2,953,007$11,954,934
100$14,561,412$4,410,564$2,969,751$13,032,645