Can I retire at age 80 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$203,970$202,153$200,381$198,651$196,961$189,671
2 years$100,975$99,095$97,272$95,505$93,791$86,529
3 years$66,648$64,760$62,942$61,191$59,505$52,499
4 years$49,488$47,605$45,805$44,085$42,439$35,743
5 years$39,195$37,323$35,547$33,861$32,262$25,892
6 years$32,335$30,477$28,727$27,079$25,528$19,490
7 years$27,436$25,595$23,872$22,263$20,761$15,053
8 years$23,765$21,939$20,246$18,676$17,223$11,840
9 years$20,910$19,102$17,438$15,908$14,504$9,439
10 years$18,628$16,838$15,202$13,713$12,358$7,601
11 years$16,762$14,989$13,384$11,934$10,629$6,169
12 years$15,208$13,454$11,878$10,468$9,211$5,038
13 years$13,894$12,158$10,612$9,242$8,032$4,134
14 years$12,769$11,052$9,535$8,204$7,041$3,406
15 years$11,795$10,096$8,609$7,316$6,199$2,815
16 years$10,943$9,263$7,805$6,551$5,479$2,333
17 years$10,192$8,531$7,102$5,886$4,858$1,937
18 years$9,526$7,883$6,484$5,304$4,319$1,611
19 years$8,930$7,306$5,935$4,793$3,850$1,342
20 years$8,395$6,789$5,447$4,341$3,439$1,119
21 years$7,911$6,323$5,010$3,940$3,077$934
22 years$7,472$5,903$4,618$3,582$2,758$781
23 years$7,071$5,521$4,264$3,262$2,476$653
24 years$6,705$5,172$3,943$2,975$2,226$546
25 years$6,368$4,854$3,652$2,717$2,003$457
26 years$6,058$4,562$3,387$2,485$1,804$383
27 years$5,771$4,293$3,145$2,274$1,626$320
28 years$5,505$4,046$2,924$2,084$1,468$268
29 years$5,258$3,817$2,721$1,911$1,325$225
30 years$5,028$3,604$2,535$1,754$1,197$188
31 years$4,813$3,407$2,363$1,611$1,083$158
32 years$4,612$3,224$2,205$1,480$979$132
33 years$4,423$3,053$2,058$1,361$886$111
34 years$4,246$2,894$1,923$1,252$802$93
35 years$4,080$2,745$1,798$1,153$727$78
36 years$3,923$2,605$1,682$1,062$658$65
37 years$3,775$2,474$1,574$978$597$55
38 years$3,635$2,351$1,474$902$541$46
39 years$3,502$2,236$1,381$831$491$39
40 years$3,377$2,127$1,295$767$445$32
41 years$3,258$2,025$1,214$707$404$27
42 years$3,145$1,929$1,139$653$366$23
43 years$3,037$1,838$1,069$603$332$19
44 years$2,935$1,752$1,003$557$302$16
45 years$2,837$1,670$942$514$274$13
46 years$2,744$1,593$885$475$249$11
47 years$2,655$1,521$831$439$226$9
48 years$2,570$1,452$781$405$205$8
49 years$2,489$1,386$734$375$186$7
50 years$2,412$1,324$690$346$169$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,470,000, adding $5,503 every year, while hoping to spend $56,285 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: 55/34/11 Blend
79$2,470,000$2,470,000$2,470,000$2,470,000
80$2,727,616$2,596,706$2,558,421$2,869,770
81$2,945,946$2,664,058$2,584,242$3,034,069
82$3,184,660$2,732,824$2,609,041$3,206,242
83$3,445,776$2,803,013$2,632,724$3,392,380
84$3,731,519$2,874,634$2,655,194$3,593,821
85$4,044,337$2,947,695$2,676,347$3,812,041
86$4,386,927$3,022,200$2,696,072$4,048,663
87$4,762,259$3,098,152$2,714,255$4,305,477
88$5,173,602$3,175,555$2,730,776$4,584,450
89$5,624,558$3,254,406$2,745,505$4,887,751
90$6,119,094$3,334,703$2,758,311$5,217,769
91$6,661,579$3,416,440$2,769,052$5,577,133
92$7,256,825$3,499,611$2,777,580$5,968,741
93$7,910,133$3,584,203$2,783,741$6,395,785
94$8,627,341$3,670,204$2,787,370$6,861,780
95$9,414,881$3,757,595$2,788,299$7,370,598
96$10,279,838$3,846,357$2,786,346$7,926,507
97$11,230,017$3,936,464$2,781,324$8,534,207
98$12,274,016$4,027,887$2,773,035$9,198,876
99$13,421,306$4,120,595$2,761,273$9,926,221
100$14,682,324$4,214,548$2,745,819$10,722,528