Can I retire at age 80 with 2,700,000?

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 $2,700,000?

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$222,963$220,977$219,040$217,149$215,302$214,214
2 years$110,378$108,322$106,330$104,398$102,525$101,427
3 years$72,854$70,790$68,803$66,889$65,046$63,972
4 years$54,096$52,038$50,071$48,190$46,391$45,350
5 years$42,844$40,798$38,857$37,014$35,266$34,260
6 years$35,345$33,315$31,402$29,601$27,905$26,935
7 years$29,991$27,978$26,095$24,336$22,694$21,762
8 years$25,977$23,982$22,131$20,415$18,827$17,932
9 years$22,857$20,881$19,061$17,389$15,855$14,997
10 years$20,362$18,405$16,618$14,990$13,509$12,687
11 years$18,323$16,385$14,630$13,045$11,618$10,833
12 years$16,624$14,707$12,984$11,443$10,068$9,318
13 years$15,188$13,290$11,600$10,102$8,780$8,064
14 years$13,958$12,081$10,423$8,968$7,696$7,014
15 years$12,893$11,036$9,411$7,997$6,776$6,127
16 years$11,962$10,125$8,532$7,161$5,989$5,372
17 years$11,141$9,325$7,764$6,434$5,310$4,724
18 years$10,413$8,617$7,087$5,798$4,722$4,166
19 years$9,762$7,986$6,488$5,239$4,208$3,682
20 years$9,176$7,421$5,954$4,745$3,759$3,261
21 years$8,648$6,912$5,477$4,307$3,364$2,893
22 years$8,167$6,452$5,048$3,916$3,015$2,570
23 years$7,730$6,035$4,661$3,566$2,707$2,287
24 years$7,329$5,654$4,310$3,252$2,433$2,037
25 years$6,961$5,306$3,992$2,970$2,189$1,816
26 years$6,622$4,987$3,703$2,716$1,972$1,621
27 years$6,308$4,693$3,438$2,486$1,778$1,448
28 years$6,018$4,422$3,196$2,278$1,604$1,294
29 years$5,748$4,172$2,974$2,089$1,449$1,157
30 years$5,496$3,940$2,771$1,917$1,309$1,036
31 years$5,261$3,725$2,583$1,760$1,183$927
32 years$5,041$3,524$2,410$1,618$1,070$831
33 years$4,835$3,338$2,250$1,488$969$745
34 years$4,642$3,163$2,102$1,369$877$667
35 years$4,460$3,000$1,966$1,260$794$599
36 years$4,288$2,848$1,839$1,161$720$537
37 years$4,126$2,705$1,721$1,069$652$482
38 years$3,973$2,570$1,612$986$591$432
39 years$3,829$2,444$1,510$909$536$388
40 years$3,691$2,325$1,415$838$486$348
41 years$3,561$2,214$1,327$773$441$313
42 years$3,437$2,108$1,245$714$400$281
43 years$3,320$2,009$1,168$659$363$252
44 years$3,208$1,915$1,097$608$330$227
45 years$3,101$1,826$1,030$562$299$204
46 years$3,000$1,742$967$519$272$183
47 years$2,903$1,662$909$479$247$164
48 years$2,810$1,587$854$443$224$148
49 years$2,721$1,515$802$409$204$133
50 years$2,636$1,447$754$378$185$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,700,000, adding $3,141 every year, while hoping to spend $28,743 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: 82/6/12 Blend
79$2,700,000$2,700,000$2,700,000$2,700,000
80$2,978,640$2,835,540$2,793,690$3,216,267
81$3,251,879$2,943,899$2,856,696$3,480,875
82$3,552,025$3,056,604$2,920,850$3,767,236
83$3,881,792$3,173,839$2,986,159$4,080,795
84$4,244,170$3,295,792$3,052,631$4,424,268
85$4,642,454$3,422,665$3,120,272$4,800,643
86$5,080,272$3,554,663$3,189,089$5,213,214
87$5,561,623$3,692,004$3,259,087$5,665,609
88$6,090,911$3,834,915$3,330,269$6,161,823
89$6,672,990$3,983,631$3,402,638$6,706,256
90$7,313,205$4,138,400$3,476,198$7,303,757
91$8,017,450$4,299,479$3,550,948$7,959,664
92$8,792,213$4,467,138$3,626,888$8,679,861
93$9,644,648$4,641,656$3,704,018$9,470,828
94$10,582,633$4,823,328$3,782,333$10,339,703
95$11,614,851$5,012,461$3,861,831$11,294,350
96$12,750,868$5,209,374$3,942,504$12,343,434
97$14,001,225$5,414,401$4,024,347$13,496,500
98$15,377,536$5,627,893$4,107,348$14,764,064
99$16,892,598$5,850,213$4,191,498$16,157,712
100$18,560,514$6,081,744$4,276,784$17,690,209