Can I retire at age 80 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$194,061$192,332$190,646$189,000$187,392$185,513
2 years$96,070$94,280$92,546$90,865$89,234$87,341
3 years$63,410$61,613$59,884$58,218$56,614$54,766
4 years$47,084$45,292$43,580$41,943$40,378$38,589
5 years$37,290$35,510$33,820$32,216$30,694$28,970
6 years$30,764$28,996$27,331$25,764$24,287$22,630
7 years$26,103$24,351$22,713$21,182$19,752$18,162
8 years$22,610$20,873$19,262$17,769$16,386$14,864
9 years$19,894$18,174$16,590$15,135$13,800$12,344
10 years$17,723$16,020$14,464$13,047$11,758$10,369
11 years$15,948$14,261$12,734$11,354$10,112$8,788
12 years$14,469$12,800$11,301$9,959$8,763$7,502
13 years$13,219$11,568$10,097$8,793$7,642$6,443
14 years$12,149$10,515$9,072$7,805$6,699$5,560
15 years$11,222$9,605$8,191$6,961$5,898$4,818
16 years$10,411$8,813$7,426$6,233$5,213$4,190
17 years$9,697$8,116$6,757$5,600$4,622$3,654
18 years$9,063$7,500$6,169$5,047$4,110$3,195
19 years$8,496$6,951$5,647$4,560$3,663$2,800
20 years$7,987$6,459$5,183$4,130$3,272$2,458
21 years$7,527$6,016$4,767$3,748$2,928$2,161
22 years$7,109$5,616$4,394$3,408$2,624$1,903
23 years$6,728$5,252$4,057$3,104$2,356$1,678
24 years$6,379$4,921$3,752$2,831$2,117$1,481
25 years$6,059$4,618$3,475$2,585$1,905$1,308
26 years$5,763$4,340$3,223$2,364$1,716$1,157
27 years$5,491$4,085$2,993$2,164$1,547$1,023
28 years$5,238$3,849$2,782$1,982$1,396$906
29 years$5,003$3,631$2,589$1,818$1,261$803
30 years$4,784$3,429$2,411$1,668$1,139$711
31 years$4,579$3,242$2,248$1,532$1,030$631
32 years$4,388$3,067$2,098$1,408$932$559
33 years$4,209$2,905$1,958$1,295$843$496
34 years$4,040$2,753$1,830$1,191$763$441
35 years$3,882$2,611$1,711$1,097$691$391
36 years$3,732$2,479$1,600$1,010$626$347
37 years$3,591$2,354$1,498$931$568$308
38 years$3,458$2,237$1,403$858$515$274
39 years$3,332$2,127$1,314$791$467$243
40 years$3,213$2,024$1,232$730$423$216
41 years$3,100$1,927$1,155$673$384$192
42 years$2,992$1,835$1,084$621$349$171
43 years$2,890$1,748$1,017$573$316$152
44 years$2,792$1,666$954$529$287$135
45 years$2,699$1,589$896$489$261$120
46 years$2,611$1,516$842$452$237$107
47 years$2,526$1,447$791$417$215$95
48 years$2,446$1,381$743$386$195$84
49 years$2,368$1,319$698$356$177$75
50 years$2,294$1,260$657$329$161$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,350,000, adding $6,550 every year, while hoping to spend $30,731 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: 62/22/16 Blend
79$2,350,000$2,350,000$2,350,000$2,350,000
80$2,596,456$2,471,906$2,435,481$2,746,664
81$2,828,597$2,560,332$2,484,372$2,936,896
82$3,083,387$2,652,061$2,533,871$3,140,414
83$3,363,102$2,747,222$2,583,966$3,361,856
84$3,670,253$2,845,950$2,634,643$3,602,965
85$4,007,602$2,948,385$2,685,887$3,865,659
86$4,378,196$3,054,674$2,737,682$4,152,050
87$4,785,387$3,164,968$2,790,010$4,464,461
88$5,232,870$3,279,426$2,842,850$4,805,451
89$5,724,718$3,398,212$2,896,180$5,177,834
90$6,265,414$3,521,500$2,949,976$5,584,712
91$6,859,899$3,649,466$3,004,214$6,029,497
92$7,513,617$3,782,299$3,058,864$6,515,947
93$8,232,566$3,920,191$3,113,895$7,048,200
94$9,023,354$4,063,346$3,169,276$7,630,811
95$9,893,260$4,211,974$3,224,971$8,268,798
96$10,850,306$4,366,295$3,280,942$8,967,686
97$11,903,331$4,526,537$3,337,147$9,733,560
98$13,062,073$4,692,940$3,393,544$10,573,122
99$14,337,262$4,865,751$3,450,085$11,493,751
100$15,740,720$5,045,230$3,506,720$12,503,578