Can I retire at age 80 with 2,640,000?

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 $2,640,000?

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$218,009$216,067$214,172$212,323$210,517$208,666
2 years$107,925$105,915$103,967$102,078$100,246$98,381
3 years$71,235$69,217$67,274$65,403$63,600$61,779
4 years$52,894$50,882$48,958$47,119$45,360$43,596
5 years$41,892$39,892$37,993$36,192$34,482$32,781
6 years$34,560$32,575$30,704$28,943$27,285$25,648
7 years$29,325$27,356$25,515$23,796$22,190$20,619
8 years$25,400$23,449$21,639$19,961$18,408$16,903
9 years$22,349$20,417$18,638$17,003$15,503$14,063
10 years$19,910$17,996$16,249$14,657$13,209$11,833
11 years$17,916$16,021$14,305$12,756$11,360$10,048
12 years$16,255$14,380$12,695$11,188$9,844$8,594
13 years$14,850$12,995$11,343$9,878$8,585$7,395
14 years$13,648$11,812$10,191$8,768$7,525$6,394
15 years$12,606$10,791$9,201$7,820$6,626$5,552
16 years$11,696$9,900$8,342$7,002$5,856$4,838
17 years$10,894$9,118$7,591$6,291$5,192$4,229
18 years$10,181$8,425$6,930$5,669$4,617$3,705
19 years$9,545$7,808$6,344$5,123$4,115$3,254
20 years$8,973$7,256$5,822$4,640$3,676$2,863
21 years$8,455$6,759$5,355$4,211$3,289$2,523
22 years$7,986$6,309$4,936$3,829$2,948$2,226
23 years$7,558$5,901$4,557$3,487$2,647$1,967
24 years$7,166$5,528$4,215$3,180$2,379$1,740
25 years$6,806$5,188$3,904$2,904$2,141$1,541
26 years$6,475$4,876$3,620$2,656$1,928$1,366
27 years$6,168$4,589$3,362$2,431$1,738$1,211
28 years$5,884$4,324$3,125$2,227$1,569$1,075
29 years$5,620$4,079$2,908$2,042$1,416$955
30 years$5,374$3,852$2,709$1,874$1,280$848
31 years$5,144$3,642$2,526$1,721$1,157$754
32 years$4,929$3,446$2,356$1,582$1,047$670
33 years$4,728$3,263$2,200$1,455$947$596
34 years$4,539$3,093$2,056$1,339$858$530
35 years$4,361$2,934$1,922$1,232$777$472
36 years$4,193$2,784$1,798$1,135$704$420
37 years$4,035$2,645$1,683$1,046$638$374
38 years$3,885$2,513$1,576$964$578$333
39 years$3,743$2,390$1,476$889$524$297
40 years$3,609$2,274$1,384$820$476$265
41 years$3,482$2,164$1,298$756$432$236
42 years$3,361$2,061$1,217$698$392$210
43 years$3,246$1,964$1,142$644$355$187
44 years$3,137$1,872$1,072$595$323$167
45 years$3,032$1,785$1,007$549$293$149
46 years$2,933$1,703$946$507$266$133
47 years$2,838$1,625$888$469$241$118
48 years$2,747$1,551$835$433$219$105
49 years$2,661$1,482$785$400$199$94
50 years$2,578$1,415$738$370$181$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,640,000, adding $2,424 every year, while hoping to spend $57,691 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: 40/34/26 Blend
79$2,640,000$2,640,000$2,640,000$2,640,000
80$2,911,780$2,771,860$2,730,940$3,005,790
81$3,147,399$2,846,299$2,761,044$3,148,516
82$3,405,118$2,922,451$2,790,223$3,297,248
83$3,687,129$3,000,340$2,818,384$3,457,037
84$3,995,848$3,079,989$2,845,432$3,628,932
85$4,333,934$3,161,418$2,871,264$3,814,085
86$4,704,316$3,244,649$2,895,772$4,013,765
87$5,110,219$3,329,699$2,918,844$4,229,370
88$5,555,196$3,416,589$2,940,359$4,462,441
89$6,043,157$3,505,333$2,960,192$4,714,675
90$6,578,413$3,595,948$2,978,212$4,987,940
91$7,165,709$3,688,447$2,994,280$5,284,297
92$7,810,272$3,782,841$3,008,249$5,606,016
93$8,517,860$3,879,142$3,019,966$5,955,596
94$9,294,818$3,977,355$3,029,271$6,335,793
95$10,148,131$4,077,488$3,035,994$6,749,645
96$11,085,498$4,179,542$3,039,957$7,200,497
97$12,115,397$4,283,518$3,040,973$7,692,038
98$13,247,170$4,389,412$3,038,848$8,228,331
99$14,491,107$4,497,220$3,033,376$8,813,856
100$15,858,548$4,606,931$3,024,342$9,453,549