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

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$219,660$217,704$215,795$213,932$212,112$208,598
2 years$108,743$106,717$104,755$102,852$101,006$97,476
3 years$71,775$69,741$67,783$65,898$64,082$60,646
4 years$53,295$51,267$49,329$47,476$45,704$42,388
5 years$42,210$40,194$38,281$36,466$34,743$31,557
6 years$34,822$32,821$30,937$29,162$27,491$24,439
7 years$29,547$27,563$25,709$23,976$22,358$19,440
8 years$25,593$23,627$21,803$20,113$18,548$15,764
9 years$22,519$20,571$18,779$17,132$15,620$12,968
10 years$20,061$18,133$16,372$14,768$13,309$10,787
11 years$18,051$16,143$14,414$12,852$11,446$9,052
12 years$16,378$14,489$12,792$11,273$9,919$7,649
13 years$14,963$13,094$11,429$9,952$8,650$6,501
14 years$13,751$11,902$10,269$8,835$7,582$5,551
15 years$12,702$10,872$9,271$7,879$6,676$4,758
16 years$11,785$9,975$8,406$7,055$5,900$4,092
17 years$10,976$9,187$7,649$6,339$5,232$3,529
18 years$10,259$8,489$6,982$5,712$4,652$3,050
19 years$9,617$7,868$6,392$5,162$4,146$2,642
20 years$9,040$7,311$5,866$4,675$3,703$2,292
21 years$8,519$6,810$5,396$4,243$3,314$1,991
22 years$8,046$6,357$4,973$3,858$2,971$1,732
23 years$7,615$5,945$4,592$3,513$2,667$1,508
24 years$7,220$5,570$4,247$3,204$2,397$1,315
25 years$6,858$5,227$3,933$2,926$2,157$1,147
26 years$6,524$4,913$3,648$2,676$1,943$1,001
27 years$6,215$4,624$3,387$2,449$1,752$875
28 years$5,929$4,357$3,149$2,244$1,580$764
29 years$5,662$4,110$2,930$2,058$1,427$668
30 years$5,415$3,882$2,730$1,888$1,289$585
31 years$5,183$3,669$2,545$1,734$1,166$512
32 years$4,967$3,472$2,374$1,594$1,055$448
33 years$4,764$3,288$2,217$1,466$954$392
34 years$4,573$3,116$2,071$1,349$864$343
35 years$4,394$2,956$1,937$1,242$783$301
36 years$4,225$2,806$1,812$1,143$709$263
37 years$4,065$2,665$1,696$1,053$643$231
38 years$3,914$2,532$1,588$971$583$202
39 years$3,772$2,408$1,488$895$528$177
40 years$3,637$2,291$1,394$826$479$155
41 years$3,508$2,181$1,307$762$435$136
42 years$3,387$2,077$1,226$703$395$119
43 years$3,271$1,979$1,151$649$358$105
44 years$3,160$1,886$1,080$599$325$92
45 years$3,055$1,799$1,014$554$295$81
46 years$2,955$1,716$953$511$268$71
47 years$2,860$1,638$895$472$243$62
48 years$2,768$1,563$841$436$221$54
49 years$2,681$1,493$791$403$201$48
50 years$2,597$1,426$743$373$182$42

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 $6,440 every year, while hoping to spend $21,059 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: 68/26/6 Blend
79$2,660,000$2,660,000$2,660,000$2,660,000
80$2,937,963$2,796,983$2,755,753$3,134,766
81$3,215,228$2,911,628$2,825,664$3,380,585
82$3,520,069$3,031,186$2,897,211$3,646,125
83$3,855,276$3,155,873$2,970,427$3,935,924
84$4,223,923$3,285,920$3,045,345$4,252,351
85$4,629,397$3,421,564$3,121,998$4,598,011
86$5,075,430$3,563,055$3,200,420$4,975,771
87$5,566,135$3,710,656$3,280,645$5,388,786
88$6,106,041$3,864,638$3,362,707$5,840,527
89$6,700,141$4,025,289$3,446,641$6,334,816
90$7,353,934$4,192,907$3,532,483$6,875,858
91$8,073,481$4,367,806$3,620,267$7,468,282
92$8,865,460$4,550,312$3,710,029$8,117,183
93$9,737,228$4,740,768$3,801,806$8,828,170
94$10,696,891$4,939,532$3,895,633$9,607,419
95$11,753,385$5,146,980$3,991,548$10,461,729
96$12,916,551$5,363,503$4,089,585$11,398,584
97$14,197,236$5,589,511$4,189,783$12,426,228
98$15,607,392$5,825,435$4,292,179$13,553,735
99$17,160,188$6,071,723$4,396,808$14,791,100
100$18,870,135$6,328,846$4,503,710$16,149,326