Can I retire at age 80 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$194,887$193,151$191,457$189,804$188,190$184,164
2 years$96,479$94,682$92,940$91,252$89,614$85,578
3 years$63,680$61,876$60,139$58,466$56,855$52,934
4 years$47,284$45,485$43,765$42,121$40,549$36,775
5 years$37,449$35,661$33,964$32,353$30,825$27,206
6 years$30,895$29,120$27,448$25,873$24,391$20,932
7 years$26,215$24,455$22,809$21,272$19,836$16,539
8 years$22,706$20,962$19,344$17,844$16,456$13,318
9 years$19,979$18,251$16,661$15,199$13,858$10,878
10 years$17,798$16,088$14,525$13,102$11,808$8,982
11 years$16,015$14,322$12,788$11,403$10,155$7,480
12 years$14,531$12,855$11,349$10,002$8,800$6,272
13 years$13,275$11,617$10,140$8,830$7,674$5,288
14 years$12,200$10,559$9,110$7,838$6,727$4,479
15 years$11,269$9,646$8,226$6,990$5,923$3,808
16 years$10,456$8,850$7,458$6,259$5,235$3,247
17 years$9,738$8,151$6,786$5,624$4,642$2,776
18 years$9,102$7,532$6,195$5,068$4,127$2,379
19 years$8,532$6,980$5,671$4,580$3,679$2,042
20 years$8,021$6,486$5,205$4,148$3,286$1,756
21 years$7,559$6,042$4,787$3,764$2,940$1,511
22 years$7,139$5,640$4,412$3,423$2,636$1,303
23 years$6,756$5,275$4,074$3,117$2,366$1,124
24 years$6,406$4,942$3,768$2,843$2,127$970
25 years$6,084$4,638$3,490$2,596$1,914$839
26 years$5,788$4,359$3,236$2,374$1,724$725
27 years$5,514$4,102$3,005$2,173$1,554$627
28 years$5,260$3,866$2,794$1,991$1,402$543
29 years$5,024$3,647$2,600$1,826$1,266$470
30 years$4,804$3,444$2,422$1,675$1,144$407
31 years$4,599$3,256$2,258$1,539$1,034$353
32 years$4,407$3,080$2,106$1,414$936$306
33 years$4,226$2,917$1,967$1,300$847$265
34 years$4,057$2,765$1,838$1,197$767$230
35 years$3,898$2,622$1,718$1,101$694$199
36 years$3,748$2,489$1,607$1,014$629$173
37 years$3,607$2,364$1,504$935$570$150
38 years$3,473$2,247$1,409$862$517$130
39 years$3,346$2,136$1,320$794$469$113
40 years$3,226$2,033$1,237$733$425$98
41 years$3,113$1,935$1,160$676$386$85
42 years$3,005$1,843$1,088$624$350$74
43 years$2,902$1,756$1,021$576$318$64
44 years$2,804$1,674$958$532$288$55
45 years$2,711$1,596$900$491$262$48
46 years$2,622$1,522$845$454$238$42
47 years$2,537$1,453$794$419$216$36
48 years$2,456$1,387$746$387$196$31
49 years$2,378$1,324$701$358$178$27
50 years$2,304$1,265$659$331$162$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,360,000, adding $4,826 every year, while hoping to spend $46,465 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: 74/12/14 Blend
79$2,360,000$2,360,000$2,360,000$2,360,000
80$2,605,698$2,480,618$2,444,038$2,790,354
81$2,822,041$2,552,730$2,476,475$2,985,231
82$3,058,893$2,626,818$2,508,441$3,192,465
83$3,318,298$2,702,930$2,539,872$3,418,271
84$3,602,506$2,781,114$2,570,698$3,664,481
85$3,913,993$2,861,421$2,600,849$3,933,112
86$4,255,489$2,943,899$2,630,246$4,226,382
87$4,629,999$3,028,601$2,658,809$4,546,740
88$5,040,834$3,115,577$2,686,454$4,896,877
89$5,491,638$3,204,879$2,713,090$5,279,761
90$5,986,429$3,296,562$2,738,622$5,698,660
91$6,529,630$3,390,679$2,762,951$6,157,174
92$7,126,114$3,487,283$2,785,971$6,659,268
93$7,781,248$3,586,431$2,807,572$7,209,312
94$8,500,947$3,688,178$2,827,637$7,812,117
95$9,291,724$3,792,579$2,846,044$8,472,986
96$10,160,757$3,899,692$2,862,663$9,197,760
97$11,115,951$4,009,574$2,877,359$9,992,874
98$12,166,017$4,122,283$2,889,990$10,865,417
99$13,320,551$4,237,875$2,900,405$11,823,201
100$14,590,127$4,356,410$2,908,448$12,874,834