Can I retire at age 80 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$203,145$201,335$199,570$197,846$196,164$194,358
2 years$100,567$98,694$96,878$95,118$93,411$91,592
3 years$66,378$64,497$62,687$60,943$59,264$57,487
4 years$49,288$47,412$45,620$43,906$42,268$40,547
5 years$39,036$37,172$35,403$33,724$32,131$30,473
6 years$32,204$30,354$28,611$26,970$25,424$23,829
7 years$27,325$25,491$23,776$22,173$20,677$19,146
8 years$23,668$21,850$20,164$18,600$17,153$15,687
9 years$20,825$19,025$17,367$15,843$14,446$13,043
10 years$18,552$16,769$15,141$13,657$12,308$10,969
11 years$16,694$14,929$13,330$11,886$10,586$9,308
12 years$15,146$13,399$11,830$10,426$9,173$7,956
13 years$13,838$12,109$10,569$9,204$7,999$6,841
14 years$12,717$11,007$9,496$8,170$7,012$5,912
15 years$11,747$10,055$8,574$7,287$6,174$5,130
16 years$10,899$9,225$7,774$6,524$5,457$4,467
17 years$10,151$8,496$7,074$5,862$4,838$3,902
18 years$9,487$7,851$6,457$5,283$4,302$3,416
19 years$8,894$7,276$5,911$4,774$3,834$2,998
20 years$8,361$6,761$5,425$4,323$3,425$2,636
21 years$7,879$6,298$4,990$3,924$3,065$2,321
22 years$7,441$5,879$4,599$3,568$2,747$2,047
23 years$7,043$5,498$4,247$3,249$2,466$1,807
24 years$6,678$5,152$3,927$2,963$2,217$1,598
25 years$6,342$4,834$3,637$2,706$1,995$1,413
26 years$6,033$4,544$3,374$2,474$1,797$1,252
27 years$5,748$4,276$3,133$2,265$1,620$1,109
28 years$5,483$4,029$2,912$2,075$1,462$984
29 years$5,237$3,801$2,710$1,903$1,320$873
30 years$5,007$3,590$2,524$1,746$1,193$775
31 years$4,793$3,394$2,353$1,604$1,078$688
32 years$4,593$3,211$2,196$1,474$975$611
33 years$4,405$3,041$2,050$1,356$883$543
34 years$4,229$2,882$1,916$1,247$799$483
35 years$4,063$2,734$1,791$1,148$724$430
36 years$3,907$2,595$1,675$1,057$656$382
37 years$3,760$2,464$1,568$974$594$340
38 years$3,620$2,342$1,468$898$539$303
39 years$3,488$2,227$1,376$828$489$269
40 years$3,363$2,119$1,290$764$443$240
41 years$3,245$2,017$1,209$705$402$213
42 years$3,132$1,921$1,134$650$365$190
43 years$3,025$1,830$1,064$600$331$169
44 years$2,923$1,744$999$554$301$151
45 years$2,826$1,664$938$512$273$134
46 years$2,733$1,587$881$473$248$120
47 years$2,645$1,514$828$437$225$106
48 years$2,560$1,446$778$404$204$95
49 years$2,479$1,381$731$373$186$85
50 years$2,402$1,319$687$345$169$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,460,000, adding $6,784 every year, while hoping to spend $58,113 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: 80/5/15 Blend
79$2,460,000$2,460,000$2,460,000$2,460,000
80$2,717,918$2,587,538$2,549,408$2,926,431
81$2,933,314$2,652,495$2,572,981$3,129,517
82$3,168,732$2,718,688$2,595,396$3,344,182
83$3,426,154$2,786,115$2,616,554$3,578,121
84$3,707,761$2,854,774$2,636,347$3,833,239
85$4,015,954$2,924,659$2,654,667$4,111,638
86$4,353,378$2,995,764$2,671,394$4,415,630
87$4,722,945$3,068,079$2,686,408$4,747,763
88$5,127,861$3,141,591$2,699,579$5,110,844
89$5,571,659$3,216,285$2,710,771$5,507,965
90$6,058,228$3,292,143$2,719,842$5,942,531
91$6,591,853$3,369,143$2,726,642$6,418,297
92$7,177,251$3,447,260$2,731,013$6,939,396
93$7,819,620$3,526,466$2,732,792$7,510,382
94$8,524,685$3,606,726$2,731,804$8,136,276
95$9,298,752$3,688,005$2,727,869$8,822,606
96$10,148,767$3,770,259$2,720,794$9,575,464
97$11,082,382$3,853,443$2,710,382$10,401,564
98$12,108,026$3,937,503$2,696,421$11,308,302
99$13,234,987$4,022,382$2,678,693$12,303,828
100$14,473,493$4,108,017$2,656,967$13,397,122