Can I retire at age 80 with 2,520,000?

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 $2,520,000?

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$208,099$206,246$204,437$202,672$200,948$200,102
2 years$103,019$101,101$99,241$97,438$95,690$94,835
3 years$67,997$66,070$64,216$62,430$60,709$59,873
4 years$50,490$48,569$46,733$44,977$43,299$42,487
5 years$39,988$38,079$36,266$34,547$32,915$32,130
6 years$32,989$31,094$29,309$27,627$26,044$25,288
7 years$27,992$26,113$24,356$22,714$21,181$20,453
8 years$24,246$22,383$20,655$19,054$17,572$16,873
9 years$21,333$19,489$17,791$16,230$14,798$14,128
10 years$19,005$17,178$15,510$13,990$12,609$11,966
11 years$17,101$15,293$13,655$12,176$10,844$10,229
12 years$15,516$13,726$12,118$10,680$9,397$8,810
13 years$14,175$12,404$10,827$9,429$8,194$7,634
14 years$13,027$11,275$9,728$8,370$7,183$6,649
15 years$12,033$10,300$8,783$7,464$6,325$5,816
16 years$11,165$9,450$7,963$6,683$5,590$5,106
17 years$10,399$8,703$7,246$6,005$4,956$4,497
18 years$9,719$8,042$6,615$5,412$4,407$3,971
19 years$9,111$7,453$6,056$4,890$3,928$3,514
20 years$8,565$6,926$5,558$4,429$3,508$3,117
21 years$8,071$6,451$5,112$4,019$3,140$2,769
22 years$7,623$6,022$4,711$3,655$2,814$2,464
23 years$7,214$5,632$4,350$3,328$2,526$2,195
24 years$6,840$5,277$4,023$3,036$2,271$1,958
25 years$6,497$4,952$3,726$2,772$2,043$1,749
26 years$6,180$4,654$3,456$2,535$1,840$1,563
27 years$5,888$4,380$3,209$2,320$1,659$1,399
28 years$5,617$4,128$2,983$2,126$1,497$1,252
29 years$5,364$3,894$2,776$1,949$1,352$1,122
30 years$5,130$3,677$2,586$1,789$1,222$1,005
31 years$4,910$3,476$2,411$1,643$1,104$902
32 years$4,705$3,289$2,249$1,510$999$809
33 years$4,513$3,115$2,100$1,389$904$726
34 years$4,332$2,952$1,962$1,278$819$652
35 years$4,162$2,800$1,835$1,176$741$586
36 years$4,002$2,658$1,716$1,083$672$526
37 years$3,851$2,524$1,606$998$609$473
38 years$3,708$2,399$1,504$920$552$425
39 years$3,573$2,281$1,409$848$501$382
40 years$3,445$2,170$1,321$782$454$344
41 years$3,324$2,066$1,239$722$412$309
42 years$3,208$1,968$1,162$666$374$278
43 years$3,099$1,875$1,090$615$339$250
44 years$2,994$1,787$1,023$568$308$225
45 years$2,895$1,704$961$524$280$203
46 years$2,800$1,626$903$484$254$183
47 years$2,709$1,551$848$447$230$164
48 years$2,622$1,481$797$414$209$148
49 years$2,540$1,414$749$382$190$133
50 years$2,460$1,351$704$353$173$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,520,000, adding $2,260 every year, while hoping to spend $31,630 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: 21/49/30 Blend
79$2,520,000$2,520,000$2,520,000$2,520,000
80$2,779,371$2,645,811$2,606,751$2,811,269
81$3,029,213$2,741,802$2,660,423$2,937,065
82$3,303,479$2,841,436$2,714,833$3,068,678
83$3,604,626$2,944,859$2,769,973$3,208,686
84$3,935,362$3,052,221$2,825,831$3,357,792
85$4,298,670$3,163,681$2,882,397$3,516,763
86$4,697,835$3,279,402$2,939,658$3,686,440
87$5,136,477$3,399,556$2,997,600$3,867,744
88$5,618,583$3,524,320$3,056,205$4,061,684
89$6,148,548$3,653,880$3,115,457$4,269,368
90$6,731,210$3,788,431$3,175,335$4,492,009
91$7,371,902$3,928,172$3,235,817$4,730,937
92$8,076,499$4,073,316$3,296,880$4,987,613
93$8,851,474$4,224,081$3,358,498$5,263,639
94$9,703,958$4,380,694$3,420,642$5,560,775
95$10,641,809$4,543,396$3,483,281$5,880,952
96$11,673,685$4,712,433$3,546,381$6,226,291
97$12,809,124$4,888,065$3,609,908$6,599,121
98$14,058,636$5,070,562$3,673,822$7,002,001
99$15,433,802$5,260,205$3,738,080$7,437,744
100$16,947,383$5,457,288$3,802,639$7,909,438