Can I retire at age 80 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$207,273$205,427$203,626$201,868$200,151$195,471
2 years$102,611$100,700$98,848$97,052$95,310$90,622
3 years$67,728$65,808$63,961$62,182$60,469$55,918
4 years$50,289$48,376$46,547$44,799$43,127$38,750
5 years$39,829$37,927$36,122$34,410$32,784$28,593
6 years$32,858$30,971$29,192$27,518$25,941$21,939
7 years$27,881$26,009$24,259$22,624$21,097$17,285
8 years$24,149$22,295$20,574$18,979$17,502$13,879
9 years$21,249$19,411$17,720$16,166$14,739$11,302
10 years$18,930$17,110$15,449$13,935$12,559$9,303
11 years$17,033$15,232$13,601$12,127$10,801$7,723
12 years$15,454$13,672$12,070$10,637$9,360$6,455
13 years$14,119$12,355$10,784$9,391$8,162$5,424
14 years$12,976$11,230$9,690$8,337$7,155$4,578
15 years$11,986$10,259$8,748$7,435$6,300$3,879
16 years$11,120$9,413$7,932$6,657$5,568$3,296
17 years$10,357$8,669$7,217$5,981$4,937$2,808
18 years$9,680$8,010$6,589$5,390$4,389$2,397
19 years$9,075$7,424$6,032$4,871$3,912$2,050
20 years$8,531$6,899$5,535$4,411$3,495$1,756
21 years$8,039$6,426$5,092$4,003$3,127$1,506
22 years$7,593$5,998$4,693$3,640$2,803$1,293
23 years$7,186$5,610$4,333$3,315$2,516$1,111
24 years$6,813$5,256$4,007$3,024$2,262$956
25 years$6,471$4,933$3,711$2,761$2,035$822
26 years$6,156$4,636$3,442$2,525$1,833$708
27 years$5,864$4,363$3,196$2,311$1,653$610
28 years$5,594$4,111$2,971$2,117$1,491$526
29 years$5,343$3,878$2,765$1,942$1,347$454
30 years$5,109$3,663$2,576$1,782$1,217$391
31 years$4,891$3,463$2,401$1,637$1,100$338
32 years$4,687$3,276$2,240$1,504$995$291
33 years$4,495$3,103$2,092$1,383$901$251
34 years$4,315$2,941$1,954$1,273$815$217
35 years$4,146$2,789$1,827$1,171$738$187
36 years$3,986$2,647$1,709$1,079$669$162
37 years$3,836$2,514$1,600$994$606$140
38 years$3,694$2,390$1,498$916$550$121
39 years$3,559$2,272$1,404$845$499$104
40 years$3,432$2,162$1,316$779$452$90
41 years$3,311$2,058$1,234$719$410$78
42 years$3,196$1,960$1,157$664$372$67
43 years$3,086$1,867$1,086$612$338$58
44 years$2,982$1,780$1,019$566$307$50
45 years$2,883$1,697$957$522$278$43
46 years$2,789$1,619$899$482$253$38
47 years$2,698$1,545$845$446$230$32
48 years$2,612$1,475$794$412$208$28
49 years$2,530$1,409$746$381$189$24
50 years$2,451$1,346$701$352$172$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,510,000, adding $3,350 every year, while hoping to spend $48,447 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: 50/32/18 Blend
79$2,510,000$2,510,000$2,510,000$2,510,000
80$2,769,476$2,636,446$2,597,541$2,893,952
81$3,000,415$2,714,084$2,633,011$3,057,859
82$3,253,286$2,793,903$2,668,046$3,230,621
83$3,530,275$2,875,959$2,702,579$3,417,332
84$3,833,790$2,960,307$2,736,542$3,619,327
85$4,166,481$3,047,007$2,769,861$3,838,071
86$4,531,268$3,136,116$2,802,458$4,075,178
87$4,931,368$3,227,696$2,834,250$4,332,427
88$5,370,322$3,321,807$2,865,152$4,611,773
89$5,852,031$3,418,513$2,895,071$4,915,369
90$6,380,794$3,517,876$2,923,912$5,245,588
91$6,961,345$3,619,961$2,951,572$5,605,041
92$7,598,897$3,724,834$2,977,945$5,996,604
93$8,299,196$3,832,563$3,002,918$6,423,442
94$9,068,569$3,943,214$3,026,371$6,889,045
95$9,913,989$4,056,856$3,048,180$7,397,252
96$10,843,134$4,173,561$3,068,212$7,952,296
97$11,864,467$4,293,399$3,086,331$8,558,836
98$12,987,309$4,416,442$3,102,389$9,222,006
99$14,221,930$4,542,762$3,116,234$9,947,461
100$15,579,644$4,672,435$3,127,706$10,741,431