Can I retire at age 80 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$204,796$202,972$201,192$199,455$197,759$196,925
2 years$101,384$99,496$97,666$95,892$94,171$93,330
3 years$66,918$65,022$63,196$61,439$59,746$58,923
4 years$49,688$47,798$45,991$44,263$42,611$41,812
5 years$39,353$37,474$35,691$33,998$32,392$31,620
6 years$32,465$30,600$28,843$27,189$25,631$24,887
7 years$27,548$25,698$23,969$22,353$20,845$20,129
8 years$23,861$22,028$20,328$18,752$17,293$16,605
9 years$20,995$19,179$17,508$15,972$14,563$13,903
10 years$18,703$16,906$15,264$13,768$12,408$11,776
11 years$16,830$15,050$13,438$11,983$10,672$10,067
12 years$15,270$13,508$11,926$10,510$9,248$8,670
13 years$13,950$12,207$10,655$9,279$8,064$7,513
14 years$12,821$11,096$9,574$8,237$7,069$6,543
15 years$11,842$10,137$8,644$7,346$6,224$5,724
16 years$10,987$9,300$7,837$6,577$5,501$5,025
17 years$10,234$8,565$7,131$5,910$4,878$4,425
18 years$9,564$7,915$6,510$5,326$4,337$3,908
19 years$8,966$7,335$5,959$4,812$3,866$3,459
20 years$8,429$6,816$5,469$4,359$3,453$3,067
21 years$7,943$6,349$5,031$3,956$3,090$2,725
22 years$7,502$5,927$4,637$3,597$2,770$2,425
23 years$7,100$5,543$4,281$3,275$2,486$2,161
24 years$6,732$5,193$3,959$2,987$2,235$1,927
25 years$6,394$4,874$3,667$2,728$2,011$1,721
26 years$6,082$4,581$3,401$2,495$1,811$1,538
27 years$5,794$4,311$3,158$2,283$1,633$1,376
28 years$5,527$4,062$2,936$2,092$1,474$1,232
29 years$5,279$3,832$2,732$1,918$1,331$1,104
30 years$5,048$3,619$2,545$1,761$1,202$989
31 years$4,832$3,421$2,373$1,617$1,087$887
32 years$4,631$3,237$2,214$1,486$983$796
33 years$4,441$3,066$2,067$1,367$890$715
34 years$4,264$2,905$1,931$1,257$806$642
35 years$4,096$2,756$1,805$1,157$730$576
36 years$3,939$2,616$1,689$1,066$661$518
37 years$3,790$2,484$1,581$982$599$466
38 years$3,650$2,361$1,480$905$543$419
39 years$3,517$2,245$1,387$835$493$376
40 years$3,391$2,136$1,300$770$447$338
41 years$3,271$2,033$1,219$710$405$304
42 years$3,157$1,936$1,143$656$368$274
43 years$3,049$1,845$1,073$605$334$246
44 years$2,947$1,759$1,007$559$303$222
45 years$2,849$1,677$946$516$275$200
46 years$2,755$1,600$888$477$250$180
47 years$2,666$1,527$834$440$227$162
48 years$2,581$1,457$784$407$206$146
49 years$2,499$1,392$737$376$187$131
50 years$2,421$1,330$693$348$170$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,480,000, adding $4,536 every year, while hoping to spend $23,419 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: 60/12/28 Blend
79$2,480,000$2,480,000$2,480,000$2,480,000
80$2,737,639$2,606,199$2,567,759$2,880,895
81$2,991,960$2,708,985$2,628,861$3,081,936
82$3,271,438$2,816,023$2,691,225$3,298,308
83$3,578,612$2,927,496$2,754,869$3,533,923
84$3,916,283$3,043,596$2,819,810$3,790,662
85$4,287,536$3,164,523$2,886,065$4,070,595
86$4,695,767$3,290,487$2,953,651$4,376,000
87$5,144,721$3,421,707$3,022,584$4,709,385
88$5,638,524$3,558,412$3,092,882$5,073,510
89$6,181,718$3,700,839$3,164,559$5,471,416
90$6,779,313$3,849,240$3,237,631$5,906,448
91$7,436,825$4,003,875$3,312,113$6,382,294
92$8,160,333$4,165,016$3,388,021$6,903,010
93$8,956,534$4,332,949$3,465,367$7,473,064
94$9,832,810$4,507,973$3,544,166$8,097,379
95$10,797,290$4,690,398$3,624,429$8,781,374
96$11,858,936$4,880,549$3,706,170$9,531,017
97$13,027,620$5,078,769$3,789,399$10,352,884
98$14,314,221$5,285,412$3,874,127$11,254,213
99$15,730,725$5,500,851$3,960,364$12,242,982
100$17,290,341$5,725,474$4,048,118$13,327,975