Can I retire at age 80 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$213,054$211,156$209,305$207,497$205,733$200,515
2 years$105,472$103,508$101,604$99,758$97,968$92,745
3 years$69,616$67,644$65,745$63,916$62,155$57,090
4 years$51,692$49,725$47,845$46,048$44,329$39,462
5 years$40,940$38,985$37,130$35,369$33,699$29,042
6 years$33,775$31,834$30,006$28,285$26,664$22,223
7 years$28,658$26,734$24,936$23,255$21,685$17,459
8 years$24,823$22,916$21,147$19,508$17,990$13,978
9 years$21,841$19,953$18,214$16,616$15,150$11,348
10 years$19,457$17,587$15,880$14,323$12,909$9,313
11 years$17,508$15,657$13,980$12,466$11,102$7,706
12 years$15,885$14,053$12,407$10,934$9,621$6,420
13 years$14,513$12,700$11,085$9,653$8,389$5,377
14 years$13,338$11,544$9,960$8,569$7,354$4,523
15 years$12,320$10,545$8,992$7,642$6,475$3,818
16 years$11,430$9,675$8,153$6,843$5,723$3,233
17 years$10,646$8,910$7,419$6,148$5,074$2,744
18 years$9,950$8,234$6,772$5,541$4,512$2,334
19 years$9,328$7,631$6,200$5,006$4,021$1,989
20 years$8,769$7,091$5,690$4,534$3,592$1,697
21 years$8,263$6,605$5,234$4,115$3,214$1,450
22 years$7,804$6,166$4,824$3,742$2,881$1,240
23 years$7,386$5,766$4,454$3,408$2,586$1,061
24 years$7,003$5,403$4,119$3,108$2,325$909
25 years$6,652$5,070$3,815$2,838$2,092$779
26 years$6,328$4,765$3,538$2,595$1,884$669
27 years$6,028$4,485$3,285$2,375$1,699$574
28 years$5,750$4,226$3,054$2,176$1,533$493
29 years$5,492$3,987$2,842$1,996$1,384$423
30 years$5,252$3,765$2,647$1,832$1,251$363
31 years$5,027$3,559$2,468$1,682$1,131$312
32 years$4,817$3,368$2,303$1,546$1,023$268
33 years$4,620$3,189$2,150$1,422$926$231
34 years$4,436$3,023$2,009$1,308$838$198
35 years$4,262$2,867$1,878$1,204$759$170
36 years$4,098$2,721$1,757$1,109$688$147
37 years$3,943$2,584$1,645$1,022$623$126
38 years$3,797$2,456$1,540$942$565$108
39 years$3,658$2,336$1,443$868$512$93
40 years$3,527$2,222$1,352$801$465$80
41 years$3,403$2,115$1,268$739$422$69
42 years$3,285$2,014$1,190$682$383$59
43 years$3,172$1,919$1,116$630$347$51
44 years$3,065$1,830$1,048$581$315$44
45 years$2,963$1,745$984$537$286$38
46 years$2,866$1,664$924$496$260$33
47 years$2,774$1,588$868$458$236$28
48 years$2,685$1,516$816$423$214$24
49 years$2,600$1,448$767$391$195$21
50 years$2,519$1,383$721$362$177$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,580,000, adding $2,112 every year, while hoping to spend $41,744 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: 46/28/26 Blend
79$2,580,000$2,580,000$2,580,000$2,580,000
80$2,845,339$2,708,599$2,668,609$2,954,859
81$3,091,148$2,796,905$2,713,592$3,120,721
82$3,360,630$2,888,139$2,758,683$3,296,338
83$3,656,157$2,982,400$2,803,841$3,486,067
84$3,980,339$3,079,791$2,849,023$3,691,251
85$4,336,052$3,180,419$2,894,184$3,913,368
86$4,726,464$3,284,394$2,939,274$4,154,041
87$5,155,064$3,391,830$2,984,240$4,415,059
88$5,625,696$3,502,846$3,029,028$4,698,391
89$6,142,594$3,617,562$3,073,577$5,006,203
90$6,710,423$3,736,107$3,117,826$5,340,880
91$7,334,321$3,858,611$3,161,708$5,705,048
92$8,019,948$3,985,209$3,205,152$6,101,597
93$8,773,542$4,116,043$3,248,083$6,533,709
94$9,601,972$4,251,259$3,290,423$7,004,891
95$10,512,808$4,391,005$3,332,087$7,518,999
96$11,514,390$4,535,440$3,372,988$8,080,284
97$12,615,905$4,684,724$3,413,030$8,693,426
98$13,827,477$4,839,025$3,452,116$9,363,580
99$15,160,258$4,998,516$3,490,141$10,096,421
100$16,626,539$5,163,378$3,526,995$10,898,204