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

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$208,099$206,246$204,437$202,672$200,948$198,437
2 years$103,019$101,101$99,241$97,438$95,690$93,163
3 years$67,997$66,070$64,216$62,430$60,709$58,246
4 years$50,490$48,569$46,733$44,977$43,299$40,917
5 years$39,988$38,079$36,266$34,547$32,915$30,622
6 years$32,989$31,094$29,309$27,627$26,044$23,843
7 years$27,992$26,113$24,356$22,714$21,181$19,072
8 years$24,246$22,383$20,655$19,054$17,572$15,555
9 years$21,333$19,489$17,791$16,230$14,798$12,872
10 years$19,005$17,178$15,510$13,990$12,609$10,773
11 years$17,101$15,293$13,655$12,176$10,844$9,097
12 years$15,516$13,726$12,118$10,680$9,397$7,736
13 years$14,175$12,404$10,827$9,429$8,194$6,618
14 years$13,027$11,275$9,728$8,370$7,183$5,689
15 years$12,033$10,300$8,783$7,464$6,325$4,910
16 years$11,165$9,450$7,963$6,683$5,590$4,252
17 years$10,399$8,703$7,246$6,005$4,956$3,693
18 years$9,719$8,042$6,615$5,412$4,407$3,215
19 years$9,111$7,453$6,056$4,890$3,928$2,805
20 years$8,565$6,926$5,558$4,429$3,508$2,451
21 years$8,071$6,451$5,112$4,019$3,140$2,146
22 years$7,623$6,022$4,711$3,655$2,814$1,881
23 years$7,214$5,632$4,350$3,328$2,526$1,651
24 years$6,840$5,277$4,023$3,036$2,271$1,450
25 years$6,497$4,952$3,726$2,772$2,043$1,275
26 years$6,180$4,654$3,456$2,535$1,840$1,122
27 years$5,888$4,380$3,209$2,320$1,659$988
28 years$5,617$4,128$2,983$2,126$1,497$871
29 years$5,364$3,894$2,776$1,949$1,352$767
30 years$5,130$3,677$2,586$1,789$1,222$677
31 years$4,910$3,476$2,411$1,643$1,104$597
32 years$4,705$3,289$2,249$1,510$999$527
33 years$4,513$3,115$2,100$1,389$904$465
34 years$4,332$2,952$1,962$1,278$819$411
35 years$4,162$2,800$1,835$1,176$741$363
36 years$4,002$2,658$1,716$1,083$672$321
37 years$3,851$2,524$1,606$998$609$283
38 years$3,708$2,399$1,504$920$552$250
39 years$3,573$2,281$1,409$848$501$221
40 years$3,445$2,170$1,321$782$454$196
41 years$3,324$2,066$1,239$722$412$173
42 years$3,208$1,968$1,162$666$374$153
43 years$3,099$1,875$1,090$615$339$135
44 years$2,994$1,787$1,023$568$308$120
45 years$2,895$1,704$961$524$280$106
46 years$2,800$1,626$903$484$254$94
47 years$2,709$1,551$848$447$230$83
48 years$2,622$1,481$797$414$209$73
49 years$2,540$1,414$749$382$190$65
50 years$2,460$1,351$704$353$173$57

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 $2,337 every year, while hoping to spend $40,841 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: 33/38/29 Blend
79$2,520,000$2,520,000$2,520,000$2,520,000
80$2,779,451$2,645,891$2,606,831$2,846,637
81$3,019,500$2,732,085$2,650,705$2,984,285
82$3,282,666$2,821,134$2,694,680$3,128,749
83$3,571,262$2,913,134$2,738,717$3,283,660
84$3,887,839$3,008,186$2,782,772$3,449,970
85$4,235,205$3,106,393$2,826,801$3,628,729
86$4,616,453$3,207,863$2,870,755$3,821,092
87$5,034,989$3,312,706$2,914,584$4,028,324
88$5,494,567$3,421,038$2,958,231$4,251,822
89$5,999,321$3,532,977$3,001,641$4,493,118
90$6,553,806$3,648,647$3,044,750$4,753,899
91$7,163,039$3,768,176$3,087,494$5,036,023
92$7,832,547$3,891,694$3,129,803$5,341,529
93$8,568,420$4,019,340$3,171,604$5,672,667
94$9,377,366$4,151,255$3,212,820$6,031,908
95$10,266,775$4,287,585$3,253,367$6,421,974
96$11,244,791$4,428,481$3,293,160$6,845,861
97$12,320,386$4,574,103$3,332,107$7,306,867
98$13,503,442$4,724,611$3,370,110$7,808,623
99$14,804,852$4,880,175$3,407,067$8,355,125
100$16,236,612$5,040,970$3,442,869$8,950,774