Can I retire at age 80 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$209,751$207,882$206,060$204,280$202,543$200,762
2 years$103,837$101,903$100,029$98,212$96,449$94,655
3 years$68,537$66,595$64,725$62,925$61,191$59,439
4 years$50,891$48,954$47,103$45,334$43,642$41,945
5 years$40,305$38,381$36,554$34,821$33,176$31,539
6 years$33,251$31,341$29,541$27,847$26,251$24,677
7 years$28,214$26,320$24,549$22,894$21,349$19,838
8 years$24,438$22,561$20,819$19,205$17,711$16,263
9 years$21,503$19,643$17,932$16,359$14,915$13,530
10 years$19,156$17,315$15,633$14,101$12,709$11,385
11 years$17,237$15,414$13,763$12,272$10,930$9,667
12 years$15,639$13,835$12,215$10,765$9,472$8,269
13 years$14,288$12,503$10,913$9,503$8,259$7,115
14 years$13,131$11,365$9,805$8,436$7,240$6,152
15 years$12,129$10,382$8,853$7,524$6,375$5,342
16 years$11,253$9,525$8,026$6,737$5,634$4,655
17 years$10,481$8,772$7,304$6,053$4,996$4,068
18 years$9,796$8,106$6,667$5,455$4,442$3,565
19 years$9,183$7,513$6,104$4,929$3,959$3,130
20 years$8,633$6,981$5,602$4,464$3,536$2,754
21 years$8,135$6,503$5,152$4,051$3,165$2,427
22 years$7,683$6,070$4,749$3,684$2,837$2,142
23 years$7,272$5,677$4,385$3,355$2,546$1,893
24 years$6,895$5,319$4,055$3,060$2,289$1,674
25 years$6,549$4,992$3,756$2,794$2,059$1,483
26 years$6,229$4,691$3,483$2,555$1,855$1,314
27 years$5,934$4,415$3,235$2,339$1,673$1,165
28 years$5,661$4,160$3,007$2,143$1,509$1,034
29 years$5,407$3,925$2,798$1,965$1,363$918
30 years$5,170$3,707$2,606$1,803$1,231$816
31 years$4,949$3,504$2,430$1,656$1,113$725
32 years$4,743$3,315$2,267$1,522$1,007$645
33 years$4,549$3,140$2,117$1,400$911$574
34 years$4,367$2,976$1,978$1,288$825$510
35 years$4,195$2,822$1,849$1,185$747$454
36 years$4,034$2,679$1,730$1,092$677$404
37 years$3,882$2,544$1,619$1,006$614$360
38 years$3,738$2,418$1,516$927$556$321
39 years$3,602$2,299$1,421$855$505$286
40 years$3,473$2,188$1,331$789$458$255
41 years$3,350$2,082$1,248$728$415$227
42 years$3,234$1,983$1,171$671$377$202
43 years$3,123$1,890$1,099$620$342$180
44 years$3,018$1,801$1,032$572$310$161
45 years$2,918$1,718$969$529$282$143
46 years$2,822$1,639$910$488$256$128
47 years$2,731$1,564$855$451$232$114
48 years$2,643$1,493$803$417$211$101
49 years$2,560$1,425$755$385$192$90
50 years$2,480$1,362$710$356$174$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,540,000, adding $5,043 every year, while hoping to spend $28,193 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: 72/15/13 Blend
79$2,540,000$2,540,000$2,540,000$2,540,000
80$2,804,282$2,669,662$2,630,292$2,998,051
81$3,060,321$2,770,478$2,688,409$3,227,872
82$3,341,532$2,875,290$2,747,529$3,475,511
83$3,650,452$2,984,262$2,807,655$3,745,928
84$3,989,876$3,097,569$2,868,789$4,041,369
85$4,362,884$3,215,390$2,930,934$4,364,305
86$4,772,869$3,337,916$2,994,092$4,717,460
87$5,223,570$3,465,341$3,058,262$5,103,830
88$5,719,103$3,597,873$3,123,443$5,526,714
89$6,264,007$3,735,724$3,189,634$5,989,747
90$6,863,281$3,879,119$3,256,831$6,496,929
91$7,522,431$4,028,291$3,325,030$7,052,666
92$8,247,526$4,183,484$3,394,226$7,661,812
93$9,045,251$4,344,953$3,464,410$8,329,709
94$9,922,974$4,512,963$3,535,575$9,062,243
95$10,888,810$4,687,790$3,607,709$9,865,898
96$11,951,702$4,869,726$3,680,802$10,747,811
97$13,121,505$5,059,072$3,754,838$11,715,849
98$14,409,076$5,256,144$3,829,802$12,778,672
99$15,826,379$5,461,272$3,905,677$13,945,824
100$17,386,594$5,674,799$3,982,443$15,227,814