Can I retire at age 80 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$200,667$198,880$197,136$195,434$193,772$189,782
2 years$99,340$97,490$95,697$93,958$92,272$88,271
3 years$65,569$63,711$61,922$60,200$58,541$54,653
4 years$48,687$46,834$45,064$43,371$41,752$38,007
5 years$38,560$36,719$34,971$33,313$31,739$28,148
6 years$31,811$29,983$28,262$26,641$25,114$21,680
7 years$26,992$25,180$23,486$21,903$20,425$17,149
8 years$23,380$21,584$19,918$18,374$16,944$13,826
9 years$20,571$18,793$17,155$15,650$14,269$11,306
10 years$18,326$16,565$14,956$13,491$12,158$9,347
11 years$16,490$14,747$13,167$11,741$10,457$7,794
12 years$14,962$13,236$11,686$10,298$9,061$6,544
13 years$13,669$11,961$10,440$9,092$7,902$5,525
14 years$12,562$10,873$9,381$8,071$6,927$4,685
15 years$11,604$9,932$8,469$7,198$6,099$3,989
16 years$10,766$9,113$7,679$6,445$5,390$3,406
17 years$10,027$8,392$6,987$5,791$4,779$2,916
18 years$9,372$7,755$6,379$5,218$4,249$2,503
19 years$8,786$7,187$5,839$4,715$3,788$2,151
20 years$8,259$6,679$5,359$4,271$3,383$1,853
21 years$7,783$6,221$4,929$3,876$3,028$1,597
22 years$7,351$5,807$4,543$3,524$2,714$1,379
23 years$6,957$5,431$4,195$3,209$2,436$1,192
24 years$6,596$5,089$3,879$2,927$2,190$1,030
25 years$6,265$4,775$3,593$2,673$1,970$892
26 years$5,960$4,488$3,332$2,444$1,775$772
27 years$5,677$4,224$3,094$2,237$1,600$669
28 years$5,416$3,980$2,877$2,050$1,444$580
29 years$5,173$3,755$2,677$1,880$1,304$503
30 years$4,946$3,546$2,494$1,725$1,178$437
31 years$4,735$3,352$2,325$1,584$1,065$379
32 years$4,537$3,172$2,169$1,456$963$329
33 years$4,352$3,004$2,025$1,339$872$286
34 years$4,178$2,847$1,892$1,232$789$248
35 years$4,014$2,700$1,769$1,134$715$215
36 years$3,859$2,563$1,655$1,045$648$187
37 years$3,714$2,434$1,549$962$587$163
38 years$3,576$2,313$1,451$887$532$141
39 years$3,446$2,200$1,359$818$483$123
40 years$3,322$2,093$1,274$754$438$107
41 years$3,205$1,992$1,194$696$397$93
42 years$3,094$1,897$1,120$642$360$81
43 years$2,988$1,808$1,051$593$327$70
44 years$2,887$1,723$987$548$297$61
45 years$2,791$1,643$927$506$270$53
46 years$2,700$1,568$870$467$245$46
47 years$2,612$1,496$818$432$222$40
48 years$2,529$1,428$768$399$202$35
49 years$2,449$1,364$722$369$183$30
50 years$2,373$1,303$679$341$166$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,430,000, adding $5,634 every year, while hoping to spend $27,347 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: 67/22/11 Blend
79$2,430,000$2,430,000$2,430,000$2,430,000
80$2,683,671$2,554,881$2,517,216$2,856,766
81$2,928,309$2,650,974$2,572,446$3,068,737
82$3,196,983$2,750,858$2,628,610$3,296,622
83$3,492,116$2,854,691$2,685,709$3,545,063
84$3,816,378$2,962,637$2,743,746$3,816,069
85$4,172,708$3,074,866$2,802,722$4,111,850
86$4,564,347$3,191,556$2,862,635$4,434,839
87$4,994,862$3,312,895$2,923,485$4,787,715
88$5,468,186$3,439,074$2,985,270$5,173,424
89$5,988,650$3,570,298$3,047,986$5,595,212
90$6,561,027$3,706,777$3,111,628$6,056,649
91$7,190,575$3,848,732$3,176,190$6,561,670
92$7,883,086$3,996,393$3,241,665$7,114,603
93$8,644,945$4,150,000$3,308,045$7,720,217
94$9,483,183$4,309,804$3,375,319$8,383,759
95$10,405,550$4,476,067$3,443,474$9,111,012
96$11,420,584$4,649,062$3,512,498$9,908,339
97$12,537,691$4,829,074$3,582,374$10,782,752
98$13,767,238$5,016,401$3,653,086$11,741,971
99$15,120,646$5,211,354$3,724,614$12,794,498
100$16,610,500$5,414,258$3,796,937$13,949,697