Can I retire at age 80 with 2,490,000?

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 $2,490,000?

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%
1 years$205,622$203,790$202,003$200,259$198,556$197,636
2 years$101,793$99,897$98,060$96,278$94,551$93,622
3 years$67,188$65,284$63,451$61,687$59,987$59,078
4 years$49,889$47,991$46,176$44,442$42,783$41,902
5 years$39,512$37,625$35,835$34,135$32,523$31,671
6 years$32,596$30,724$28,960$27,298$25,734$24,914
7 years$27,659$25,802$24,066$22,444$20,929$20,139
8 years$23,957$22,117$20,410$18,827$17,363$16,604
9 years$21,079$19,257$17,579$16,037$14,622$13,895
10 years$18,779$16,974$15,326$13,824$12,458$11,762
11 years$16,898$15,111$13,492$12,031$10,715$10,049
12 years$15,331$13,563$11,974$10,553$9,285$8,649
13 years$14,007$12,257$10,698$9,316$8,097$7,490
14 years$12,872$11,141$9,612$8,270$7,098$6,519
15 years$11,890$10,178$8,679$7,375$6,249$5,699
16 years$11,032$9,338$7,868$6,604$5,523$4,999
17 years$10,275$8,600$7,160$5,934$4,897$4,400
18 years$9,603$7,946$6,536$5,347$4,354$3,882
19 years$9,002$7,365$5,984$4,832$3,881$3,434
20 years$8,463$6,844$5,491$4,376$3,467$3,043
21 years$7,975$6,375$5,051$3,972$3,102$2,702
22 years$7,532$5,950$4,655$3,611$2,781$2,402
23 years$7,129$5,565$4,298$3,289$2,496$2,139
24 years$6,759$5,214$3,975$2,999$2,244$1,907
25 years$6,420$4,893$3,682$2,739$2,019$1,701
26 years$6,107$4,599$3,415$2,505$1,819$1,520
27 years$5,818$4,328$3,171$2,293$1,640$1,358
28 years$5,550$4,078$2,948$2,100$1,479$1,215
29 years$5,301$3,848$2,743$1,926$1,336$1,088
30 years$5,069$3,634$2,555$1,768$1,207$974
31 years$4,852$3,435$2,382$1,624$1,091$873
32 years$4,649$3,250$2,223$1,492$987$783
33 years$4,459$3,078$2,075$1,372$893$702
34 years$4,281$2,917$1,939$1,262$809$630
35 years$4,113$2,767$1,813$1,162$733$565
36 years$3,955$2,626$1,696$1,070$664$507
37 years$3,805$2,494$1,587$986$602$456
38 years$3,664$2,370$1,486$909$545$409
39 years$3,531$2,254$1,393$838$495$368
40 years$3,404$2,145$1,305$773$449$330
41 years$3,284$2,041$1,224$713$407$297
42 years$3,170$1,944$1,148$658$369$267
43 years$3,062$1,852$1,077$608$335$240
44 years$2,958$1,766$1,011$561$304$216
45 years$2,860$1,684$950$518$276$194
46 years$2,766$1,606$892$479$251$174
47 years$2,677$1,533$838$442$228$157
48 years$2,591$1,463$787$409$207$141
49 years$2,509$1,397$740$378$188$127
50 years$2,431$1,335$696$349$171$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,490,000, adding $4,830 every year, while hoping to spend $34,790 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: 60/30/10 Blend
79$2,490,000$2,490,000$2,490,000$2,490,000
80$2,748,962$2,616,992$2,578,397$2,907,264
81$2,992,340$2,708,208$2,627,757$3,105,321
82$3,259,376$2,802,728$2,677,605$3,316,875
83$3,552,448$2,900,677$2,727,919$3,546,773
84$3,874,172$3,002,185$2,778,679$3,796,786
85$4,227,432$3,107,386$2,829,859$4,068,859
86$4,615,404$3,216,423$2,881,434$4,365,136
87$5,041,589$3,329,440$2,933,375$4,687,971
88$5,509,839$3,446,591$2,985,652$5,039,960
89$6,024,403$3,568,034$3,038,231$5,423,956
90$6,589,957$3,693,933$3,091,077$5,843,101
91$7,211,657$3,824,460$3,144,152$6,300,853
92$7,895,180$3,959,793$3,197,415$6,801,019
93$8,646,782$4,100,116$3,250,823$7,347,788
94$9,473,356$4,245,624$3,304,327$7,945,773
95$10,382,495$4,396,517$3,357,879$8,600,055
96$11,382,567$4,553,003$3,411,425$9,316,225
97$12,482,789$4,715,301$3,464,909$10,100,442
98$13,693,319$4,883,636$3,518,268$10,959,486
99$15,025,347$5,058,244$3,571,440$11,900,824
100$16,491,204$5,239,370$3,624,355$12,932,679