Can I retire at age 80 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$211,402$209,519$207,682$205,889$204,138$203,107
2 years$104,655$102,706$100,817$98,985$97,209$96,168
3 years$69,077$67,119$65,235$63,421$61,673$60,655
4 years$51,291$49,340$47,474$45,691$43,986$42,999
5 years$40,623$38,683$36,842$35,095$33,437$32,483
6 years$33,513$31,588$29,774$28,066$26,458$25,539
7 years$28,436$26,527$24,742$23,074$21,517$20,633
8 years$24,630$22,739$20,983$19,357$17,851$17,002
9 years$21,672$19,798$18,073$16,488$15,033$14,219
10 years$19,307$17,451$15,756$14,212$12,809$12,030
11 years$17,373$15,536$13,872$12,369$11,016$10,271
12 years$15,762$13,944$12,311$10,849$9,546$8,835
13 years$14,400$12,601$10,999$9,578$8,324$7,646
14 years$13,234$11,454$9,883$8,503$7,297$6,651
15 years$12,224$10,464$8,923$7,583$6,425$5,810
16 years$11,342$9,600$8,090$6,790$5,678$5,093
17 years$10,564$8,841$7,361$6,100$5,035$4,479
18 years$9,873$8,170$6,720$5,498$4,477$3,950
19 years$9,256$7,572$6,152$4,968$3,990$3,491
20 years$8,701$7,036$5,646$4,499$3,564$3,092
21 years$8,199$6,554$5,193$4,083$3,190$2,743
22 years$7,744$6,118$4,786$3,713$2,859$2,437
23 years$7,329$5,722$4,419$3,381$2,566$2,168
24 years$6,949$5,361$4,087$3,084$2,307$1,931
25 years$6,600$5,031$3,785$2,816$2,076$1,722
26 years$6,278$4,728$3,511$2,575$1,870$1,537
27 years$5,981$4,450$3,260$2,357$1,686$1,373
28 years$5,706$4,193$3,031$2,160$1,521$1,227
29 years$5,450$3,956$2,820$1,980$1,373$1,097
30 years$5,211$3,736$2,627$1,817$1,241$982
31 years$4,988$3,532$2,449$1,669$1,122$879
32 years$4,780$3,342$2,285$1,534$1,015$788
33 years$4,585$3,164$2,134$1,411$918$706
34 years$4,401$2,999$1,993$1,298$832$633
35 years$4,229$2,845$1,864$1,195$753$568
36 years$4,066$2,700$1,743$1,100$682$509
37 years$3,912$2,564$1,632$1,014$619$457
38 years$3,767$2,437$1,528$935$561$410
39 years$3,630$2,317$1,432$862$509$368
40 years$3,500$2,205$1,342$795$461$330
41 years$3,376$2,099$1,258$733$418$297
42 years$3,259$1,999$1,180$677$380$266
43 years$3,148$1,905$1,108$625$345$239
44 years$3,042$1,815$1,040$577$313$215
45 years$2,941$1,731$976$533$284$193
46 years$2,844$1,651$917$492$258$174
47 years$2,752$1,576$861$455$234$156
48 years$2,664$1,504$809$420$213$140
49 years$2,580$1,437$761$388$193$126
50 years$2,499$1,372$715$359$175$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,560,000, adding $5,168 every year, while hoping to spend $30,633 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: 51/22/27 Blend
79$2,560,000$2,560,000$2,560,000$2,560,000
80$2,826,451$2,690,771$2,651,091$2,948,889
81$3,082,155$2,790,025$2,707,309$3,133,918
82$3,362,915$2,893,117$2,764,384$3,331,502
83$3,671,254$3,000,200$2,822,312$3,545,748
84$4,009,950$3,111,439$2,881,088$3,778,253
85$4,382,067$3,227,001$2,940,706$4,030,777
86$4,790,977$3,347,064$3,001,159$4,305,253
87$5,240,398$3,471,810$3,062,439$4,603,812
88$5,734,422$3,601,433$3,124,534$4,928,794
89$6,277,562$3,736,132$3,187,435$5,282,778
90$6,874,785$3,876,115$3,251,126$5,668,603
91$7,531,569$4,021,599$3,315,594$6,089,390
92$8,253,944$4,172,813$3,380,822$6,548,579
93$9,048,558$4,329,992$3,446,791$7,049,953
94$9,922,732$4,493,383$3,513,480$7,597,680
95$10,884,536$4,663,244$3,580,866$8,196,348
96$11,942,858$4,839,843$3,648,925$8,851,007
97$13,107,495$5,023,461$3,717,630$9,567,221
98$14,389,239$5,214,389$3,786,949$10,351,113
99$15,799,980$5,412,934$3,856,851$11,209,429
100$17,352,824$5,619,413$3,927,301$12,149,597