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

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$194,887$193,151$191,457$189,804$188,190$187,082
2 years$96,479$94,682$92,940$91,252$89,614$88,497
3 years$63,680$61,876$60,139$58,466$56,855$55,762
4 years$47,284$45,485$43,765$42,121$40,549$39,490
5 years$37,449$35,661$33,964$32,353$30,825$29,802
6 years$30,895$29,120$27,448$25,873$24,391$23,405
7 years$26,215$24,455$22,809$21,272$19,836$18,889
8 years$22,706$20,962$19,344$17,844$16,456$15,547
9 years$19,979$18,251$16,661$15,199$13,858$12,987
10 years$17,798$16,088$14,525$13,102$11,808$10,974
11 years$16,015$14,322$12,788$11,403$10,155$9,358
12 years$14,531$12,855$11,349$10,002$8,800$8,040
13 years$13,275$11,617$10,140$8,830$7,674$6,949
14 years$12,200$10,559$9,110$7,838$6,727$6,036
15 years$11,269$9,646$8,226$6,990$5,923$5,266
16 years$10,456$8,850$7,458$6,259$5,235$4,611
17 years$9,738$8,151$6,786$5,624$4,642$4,049
18 years$9,102$7,532$6,195$5,068$4,127$3,566
19 years$8,532$6,980$5,671$4,580$3,679$3,147
20 years$8,021$6,486$5,205$4,148$3,286$2,783
21 years$7,559$6,042$4,787$3,764$2,940$2,465
22 years$7,139$5,640$4,412$3,423$2,636$2,187
23 years$6,756$5,275$4,074$3,117$2,366$1,943
24 years$6,406$4,942$3,768$2,843$2,127$1,728
25 years$6,084$4,638$3,490$2,596$1,914$1,538
26 years$5,788$4,359$3,236$2,374$1,724$1,371
27 years$5,514$4,102$3,005$2,173$1,554$1,222
28 years$5,260$3,866$2,794$1,991$1,402$1,091
29 years$5,024$3,647$2,600$1,826$1,266$974
30 years$4,804$3,444$2,422$1,675$1,144$870
31 years$4,599$3,256$2,258$1,539$1,034$778
32 years$4,407$3,080$2,106$1,414$936$696
33 years$4,226$2,917$1,967$1,300$847$623
34 years$4,057$2,765$1,838$1,197$767$557
35 years$3,898$2,622$1,718$1,101$694$499
36 years$3,748$2,489$1,607$1,014$629$447
37 years$3,607$2,364$1,504$935$570$400
38 years$3,473$2,247$1,409$862$517$359
39 years$3,346$2,136$1,320$794$469$321
40 years$3,226$2,033$1,237$733$425$288
41 years$3,113$1,935$1,160$676$386$258
42 years$3,005$1,843$1,088$624$350$231
43 years$2,902$1,756$1,021$576$318$208
44 years$2,804$1,674$958$532$288$186
45 years$2,711$1,596$900$491$262$167
46 years$2,622$1,522$845$454$238$150
47 years$2,537$1,453$794$419$216$134
48 years$2,456$1,387$746$387$196$120
49 years$2,378$1,324$701$358$178$108
50 years$2,304$1,265$659$331$162$97

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 $4,921 every year, while hoping to spend $24,009 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: 52/22/26 Blend
79$2,360,000$2,360,000$2,360,000$2,360,000
80$2,605,796$2,480,716$2,444,136$2,722,121
81$2,846,042$2,576,726$2,500,469$2,899,306
82$3,109,988$2,676,635$2,557,885$3,089,102
83$3,400,027$2,780,610$2,616,394$3,295,083
84$3,718,793$2,888,824$2,676,007$3,518,803
85$4,069,191$3,001,457$2,736,734$3,761,970
86$4,454,418$3,118,698$2,798,584$4,026,464
87$4,877,998$3,240,744$2,861,566$4,314,350
88$5,343,815$3,367,801$2,925,690$4,627,905
89$5,856,145$3,500,084$2,990,961$4,969,630
90$6,419,701$3,637,818$3,057,388$5,342,281
91$7,039,677$3,781,237$3,124,976$5,748,889
92$7,721,792$3,930,586$3,193,732$6,192,790
93$8,472,352$4,086,122$3,263,658$6,677,658
94$9,298,301$4,248,111$3,334,760$7,207,534
95$10,207,293$4,416,833$3,407,040$7,786,870
96$11,207,759$4,592,581$3,480,498$8,420,565
97$12,308,992$4,775,659$3,555,136$9,114,016
98$13,521,229$4,966,386$3,630,953$9,873,160
99$14,855,751$5,165,096$3,707,947$10,704,541
100$16,324,988$5,372,135$3,786,113$11,615,359