Can I retire at age 80 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$219,660$217,704$215,795$213,932$212,112$209,810
2 years$108,743$106,717$104,755$102,852$101,006$98,688
3 years$71,775$69,741$67,783$65,898$64,082$61,820
4 years$53,295$51,267$49,329$47,476$45,704$43,515
5 years$42,210$40,194$38,281$36,466$34,743$32,635
6 years$34,822$32,821$30,937$29,162$27,491$25,465
7 years$29,547$27,563$25,709$23,976$22,358$20,415
8 years$25,593$23,627$21,803$20,113$18,548$16,688
9 years$22,519$20,571$18,779$17,132$15,620$13,843
10 years$20,061$18,133$16,372$14,768$13,309$11,614
11 years$18,051$16,143$14,414$12,852$11,446$9,831
12 years$16,378$14,489$12,792$11,273$9,919$8,382
13 years$14,963$13,094$11,429$9,952$8,650$7,189
14 years$13,751$11,902$10,269$8,835$7,582$6,196
15 years$12,702$10,872$9,271$7,879$6,676$5,362
16 years$11,785$9,975$8,406$7,055$5,900$4,656
17 years$10,976$9,187$7,649$6,339$5,232$4,055
18 years$10,259$8,489$6,982$5,712$4,652$3,541
19 years$9,617$7,868$6,392$5,162$4,146$3,098
20 years$9,040$7,311$5,866$4,675$3,703$2,716
21 years$8,519$6,810$5,396$4,243$3,314$2,384
22 years$8,046$6,357$4,973$3,858$2,971$2,097
23 years$7,615$5,945$4,592$3,513$2,667$1,846
24 years$7,220$5,570$4,247$3,204$2,397$1,626
25 years$6,858$5,227$3,933$2,926$2,157$1,434
26 years$6,524$4,913$3,648$2,676$1,943$1,266
27 years$6,215$4,624$3,387$2,449$1,752$1,119
28 years$5,929$4,357$3,149$2,244$1,580$989
29 years$5,662$4,110$2,930$2,058$1,427$874
30 years$5,415$3,882$2,730$1,888$1,289$774
31 years$5,183$3,669$2,545$1,734$1,166$685
32 years$4,967$3,472$2,374$1,594$1,055$606
33 years$4,764$3,288$2,217$1,466$954$537
34 years$4,573$3,116$2,071$1,349$864$476
35 years$4,394$2,956$1,937$1,242$783$422
36 years$4,225$2,806$1,812$1,143$709$374
37 years$4,065$2,665$1,696$1,053$643$332
38 years$3,914$2,532$1,588$971$583$294
39 years$3,772$2,408$1,488$895$528$261
40 years$3,637$2,291$1,394$826$479$231
41 years$3,508$2,181$1,307$762$435$205
42 years$3,387$2,077$1,226$703$395$182
43 years$3,271$1,979$1,151$649$358$162
44 years$3,160$1,886$1,080$599$325$144
45 years$3,055$1,799$1,014$554$295$127
46 years$2,955$1,716$953$511$268$113
47 years$2,860$1,638$895$472$243$100
48 years$2,768$1,563$841$436$221$89
49 years$2,681$1,493$791$403$201$79
50 years$2,597$1,426$743$373$182$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,660,000, adding $3,595 every year, while hoping to spend $30,526 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: 57/31/12 Blend
79$2,660,000$2,660,000$2,660,000$2,660,000
80$2,935,028$2,794,048$2,752,818$3,093,323
81$3,201,922$2,898,477$2,812,558$3,305,137
82$3,495,015$3,007,000$2,873,276$3,532,140
83$3,816,949$3,119,785$2,934,973$3,778,770
84$4,170,631$3,237,008$2,997,648$4,046,909
85$4,559,266$3,358,852$3,061,300$4,338,629
86$4,986,384$3,485,509$3,125,926$4,656,211
87$5,455,873$3,617,176$3,191,523$5,002,160
88$5,972,017$3,754,063$3,258,084$5,379,236
89$6,539,537$3,896,387$3,325,604$5,790,472
90$7,163,633$4,044,373$3,394,075$6,239,208
91$7,850,034$4,198,257$3,463,487$6,729,119
92$8,605,053$4,358,287$3,533,829$7,264,249
93$9,435,645$4,524,720$3,605,089$7,849,048
94$10,349,473$4,697,823$3,677,251$8,488,415
95$11,354,980$4,877,877$3,750,300$9,187,744
96$12,461,469$5,065,174$3,824,216$9,952,971
97$13,679,191$5,260,020$3,898,980$10,790,631
98$15,019,440$5,462,733$3,974,567$11,707,920
99$16,494,661$5,673,645$4,050,954$12,712,759
100$18,118,567$5,893,104$4,128,111$13,813,873