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

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$194,061$192,332$190,646$189,000$187,392$183,234
2 years$96,070$94,280$92,546$90,865$89,234$85,067
3 years$63,410$61,613$59,884$58,218$56,614$52,567
4 years$47,084$45,292$43,580$41,943$40,378$36,483
5 years$37,290$35,510$33,820$32,216$30,694$26,962
6 years$30,764$28,996$27,331$25,764$24,287$20,722
7 years$26,103$24,351$22,713$21,182$19,752$16,354
8 years$22,610$20,873$19,262$17,769$16,386$13,154
9 years$19,894$18,174$16,590$15,135$13,800$10,731
10 years$17,723$16,020$14,464$13,047$11,758$8,850
11 years$15,948$14,261$12,734$11,354$10,112$7,361
12 years$14,469$12,800$11,301$9,959$8,763$6,164
13 years$13,219$11,568$10,097$8,793$7,642$5,190
14 years$12,149$10,515$9,072$7,805$6,699$4,390
15 years$11,222$9,605$8,191$6,961$5,898$3,727
16 years$10,411$8,813$7,426$6,233$5,213$3,173
17 years$9,697$8,116$6,757$5,600$4,622$2,709
18 years$9,063$7,500$6,169$5,047$4,110$2,318
19 years$8,496$6,951$5,647$4,560$3,663$1,987
20 years$7,987$6,459$5,183$4,130$3,272$1,706
21 years$7,527$6,016$4,767$3,748$2,928$1,466
22 years$7,109$5,616$4,394$3,408$2,624$1,262
23 years$6,728$5,252$4,057$3,104$2,356$1,087
24 years$6,379$4,921$3,752$2,831$2,117$937
25 years$6,059$4,618$3,475$2,585$1,905$808
26 years$5,763$4,340$3,223$2,364$1,716$698
27 years$5,491$4,085$2,993$2,164$1,547$603
28 years$5,238$3,849$2,782$1,982$1,396$521
29 years$5,003$3,631$2,589$1,818$1,261$450
30 years$4,784$3,429$2,411$1,668$1,139$389
31 years$4,579$3,242$2,248$1,532$1,030$337
32 years$4,388$3,067$2,098$1,408$932$291
33 years$4,209$2,905$1,958$1,295$843$252
34 years$4,040$2,753$1,830$1,191$763$218
35 years$3,882$2,611$1,711$1,097$691$189
36 years$3,732$2,479$1,600$1,010$626$164
37 years$3,591$2,354$1,498$931$568$142
38 years$3,458$2,237$1,403$858$515$123
39 years$3,332$2,127$1,314$791$467$106
40 years$3,213$2,024$1,232$730$423$92
41 years$3,100$1,927$1,155$673$384$80
42 years$2,992$1,835$1,084$621$349$69
43 years$2,890$1,748$1,017$573$316$60
44 years$2,792$1,666$954$529$287$52
45 years$2,699$1,589$896$489$261$45
46 years$2,611$1,516$842$452$237$39
47 years$2,526$1,447$791$417$215$34
48 years$2,446$1,381$743$386$195$29
49 years$2,368$1,319$698$356$177$25
50 years$2,294$1,260$657$329$161$22

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 $4,002 every year, while hoping to spend $37,655 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: 57/21/22 Blend
79$2,350,000$2,350,000$2,350,000$2,350,000
80$2,593,828$2,469,278$2,432,853$2,726,089
81$2,818,334$2,550,208$2,474,289$2,897,710
82$3,064,477$2,633,842$2,515,851$3,080,291
83$3,334,426$2,720,271$2,557,504$3,278,465
84$3,630,566$2,809,593$2,599,209$3,493,744
85$3,955,527$2,901,907$2,640,926$3,727,791
86$4,312,206$2,997,316$2,682,612$3,982,439
87$4,703,792$3,095,925$2,724,220$4,259,705
88$5,133,800$3,197,847$2,765,703$4,561,810
89$5,606,100$3,303,194$2,807,007$4,891,198
90$6,124,958$3,412,086$2,848,077$5,250,562
91$6,695,071$3,524,646$2,888,855$5,642,866
92$7,321,615$3,640,999$2,929,278$6,071,376
93$8,010,290$3,761,280$2,969,280$6,539,687
94$8,767,380$3,885,622$3,008,791$7,051,760
95$9,599,804$4,014,169$3,047,737$7,611,954
96$10,515,187$4,147,067$3,086,039$8,225,076
97$11,521,930$4,284,466$3,123,615$8,896,415
98$12,629,287$4,426,526$3,160,376$9,631,800
99$13,847,457$4,573,408$3,196,231$10,437,652
100$15,187,674$4,725,282$3,231,082$11,321,044