Can I retire at age 80 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$192,409$190,695$189,023$187,391$185,797$184,164
2 years$95,252$93,478$91,759$90,092$88,475$86,829
3 years$62,871$61,089$59,374$57,723$56,132$54,524
4 years$46,683$44,907$43,209$41,586$40,034$38,477
5 years$36,973$35,208$33,532$31,942$30,433$28,932
6 years$30,502$28,750$27,099$25,544$24,081$22,636
7 years$25,881$24,144$22,519$21,001$19,584$18,198
8 years$22,418$20,696$19,098$17,618$16,247$14,919
9 years$19,725$18,019$16,449$15,006$13,682$12,411
10 years$17,572$15,883$14,341$12,936$11,658$10,444
11 years$15,812$14,140$12,625$11,258$10,026$8,868
12 years$14,346$12,691$11,205$9,875$8,689$7,585
13 years$13,107$11,469$10,011$8,718$7,577$6,526
14 years$12,045$10,425$8,995$7,739$6,642$5,644
15 years$11,126$9,524$8,121$6,902$5,848$4,900
16 years$10,323$8,738$7,363$6,180$5,168$4,270
17 years$9,615$8,047$6,700$5,552$4,583$3,732
18 years$8,986$7,436$6,116$5,004$4,075$3,270
19 years$8,424$6,891$5,599$4,521$3,632$2,872
20 years$7,919$6,404$5,139$4,095$3,244$2,527
21 years$7,463$5,965$4,726$3,716$2,903$2,227
22 years$7,048$5,568$4,356$3,379$2,602$1,965
23 years$6,670$5,208$4,022$3,077$2,336$1,736
24 years$6,325$4,879$3,720$2,807$2,099$1,536
25 years$6,007$4,579$3,445$2,563$1,889$1,360
26 years$5,714$4,303$3,195$2,344$1,702$1,205
27 years$5,444$4,050$2,967$2,145$1,534$1,069
28 years$5,193$3,816$2,758$1,966$1,384$949
29 years$4,960$3,600$2,567$1,802$1,250$842
30 years$4,743$3,400$2,391$1,654$1,130$748
31 years$4,540$3,214$2,229$1,519$1,021$665
32 years$4,350$3,041$2,080$1,396$924$592
33 years$4,173$2,880$1,942$1,284$836$526
34 years$4,006$2,730$1,814$1,181$757$468
35 years$3,849$2,589$1,696$1,087$686$417
36 years$3,701$2,457$1,587$1,002$621$371
37 years$3,561$2,334$1,485$923$563$330
38 years$3,429$2,218$1,391$851$510$294
39 years$3,304$2,109$1,303$784$463$262
40 years$3,185$2,007$1,221$723$420$234
41 years$3,073$1,910$1,145$667$381$208
42 years$2,966$1,819$1,074$616$346$185
43 years$2,865$1,733$1,008$569$314$165
44 years$2,768$1,652$946$525$285$147
45 years$2,676$1,576$889$485$258$131
46 years$2,589$1,503$835$448$235$117
47 years$2,505$1,434$784$414$213$104
48 years$2,425$1,369$737$382$194$93
49 years$2,348$1,308$692$353$176$83
50 years$2,275$1,249$651$327$160$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,330,000, adding $6,791 every year, while hoping to spend $23,638 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: 69/13/18 Blend
79$2,330,000$2,330,000$2,330,000$2,330,000
80$2,574,665$2,451,175$2,415,060$2,740,684
81$2,812,130$2,546,132$2,470,814$2,947,231
82$3,073,024$2,644,949$2,527,643$3,169,723
83$3,359,713$2,747,792$2,585,559$3,412,582
84$3,674,801$2,854,831$2,644,572$3,677,813
85$4,021,158$2,966,245$2,704,693$3,967,626
86$4,401,946$3,082,221$2,765,931$4,284,452
87$4,820,650$3,202,956$2,828,295$4,630,969
88$5,281,108$3,328,652$2,891,794$5,010,124
89$5,787,548$3,459,522$2,956,436$5,425,165
90$6,344,629$3,595,790$3,022,228$5,879,664
91$6,957,485$3,737,688$3,089,177$6,377,560
92$7,631,773$3,885,459$3,157,288$6,923,186
93$8,373,723$4,039,356$3,226,567$7,521,317
94$9,190,203$4,199,644$3,297,017$8,177,212
95$10,088,778$4,366,601$3,368,641$8,896,660
96$11,077,784$4,540,516$3,441,442$9,686,043
97$12,166,408$4,721,691$3,515,420$10,552,384
98$13,364,770$4,910,443$3,590,575$11,503,423
99$14,684,023$5,107,101$3,666,906$12,547,686
100$16,136,455$5,312,010$3,744,409$13,694,562