Can I retire at age 80 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$224,615$222,614$220,662$218,757$216,897$215,439
2 years$111,196$109,125$107,118$105,172$103,284$101,814
3 years$73,394$71,314$69,312$67,384$65,528$64,091
4 years$54,497$52,423$50,442$48,547$46,735$45,342
5 years$43,162$41,101$39,145$37,289$35,527$34,183
6 years$35,607$33,562$31,635$29,820$28,111$26,817
7 years$30,213$28,185$26,289$24,517$22,862$21,618
8 years$26,170$24,160$22,295$20,566$18,966$17,773
9 years$23,027$21,035$19,203$17,518$15,972$14,830
10 years$20,513$18,542$16,741$15,101$13,609$12,516
11 years$18,458$16,507$14,739$13,142$11,704$10,660
12 years$16,747$14,815$13,080$11,527$10,143$9,147
13 years$15,300$13,389$11,686$10,177$8,845$7,896
14 years$14,061$12,170$10,500$9,034$7,753$6,850
15 years$12,988$11,118$9,480$8,057$6,827$5,968
16 years$12,051$10,200$8,595$7,214$6,033$5,218
17 years$11,224$9,394$7,821$6,482$5,350$4,576
18 years$10,490$8,680$7,140$5,841$4,757$4,024
19 years$9,834$8,045$6,536$5,278$4,240$3,546
20 years$9,244$7,476$5,999$4,780$3,787$3,132
21 years$8,712$6,963$5,518$4,338$3,389$2,770
22 years$8,228$6,500$5,085$3,945$3,038$2,454
23 years$7,787$6,079$4,695$3,592$2,727$2,177
24 years$7,383$5,696$4,342$3,277$2,451$1,933
25 years$7,013$5,345$4,022$2,992$2,205$1,718
26 years$6,671$5,024$3,730$2,736$1,987$1,529
27 years$6,355$4,728$3,464$2,504$1,791$1,361
28 years$6,062$4,455$3,220$2,295$1,616$1,213
29 years$5,790$4,203$2,997$2,104$1,459$1,081
30 years$5,537$3,969$2,791$1,931$1,319$965
31 years$5,300$3,752$2,602$1,774$1,192$861
32 years$5,079$3,550$2,428$1,630$1,078$769
33 years$4,871$3,362$2,267$1,499$976$686
34 years$4,676$3,187$2,118$1,379$884$613
35 years$4,493$3,023$1,980$1,270$800$548
36 years$4,320$2,869$1,852$1,169$725$490
37 years$4,157$2,725$1,734$1,077$657$438
38 years$4,003$2,589$1,624$993$596$392
39 years$3,857$2,462$1,521$916$540$351
40 years$3,719$2,343$1,426$844$490$314
41 years$3,588$2,230$1,337$779$445$281
42 years$3,463$2,124$1,254$719$403$251
43 years$3,345$2,024$1,177$664$366$225
44 years$3,232$1,929$1,105$613$332$201
45 years$3,124$1,839$1,037$566$302$180
46 years$3,022$1,755$974$523$274$161
47 years$2,924$1,674$915$483$249$145
48 years$2,831$1,599$860$446$226$129
49 years$2,741$1,526$808$412$205$116
50 years$2,656$1,458$760$381$186$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,720,000, adding $2,333 every year, while hoping to spend $46,039 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: 59/32/9 Blend
79$2,720,000$2,720,000$2,720,000$2,720,000
80$2,999,846$2,855,686$2,813,526$3,170,547
81$3,256,846$2,946,630$2,858,794$3,376,435
82$3,538,516$3,040,487$2,904,036$3,595,407
83$3,847,325$3,137,351$2,949,201$3,833,030
84$4,185,990$3,237,319$2,994,238$4,091,100
85$4,557,506$3,340,493$3,039,090$4,371,591
86$4,965,170$3,446,975$3,083,697$4,676,677
87$5,412,613$3,556,873$3,127,998$5,008,749
88$5,903,837$3,670,298$3,171,923$5,370,439
89$6,443,249$3,787,363$3,215,403$5,764,646
90$7,035,704$3,908,186$3,258,362$6,194,558
91$7,686,548$4,032,890$3,300,720$6,663,686
92$8,401,675$4,161,601$3,342,393$7,175,895
93$9,187,575$4,294,448$3,383,292$7,735,440
94$10,051,397$4,431,566$3,423,322$8,347,008
95$11,001,020$4,573,093$3,462,384$9,015,757
96$12,045,123$4,719,173$3,500,372$9,747,369
97$13,193,267$4,869,954$3,537,176$10,548,101
98$14,455,987$5,025,589$3,572,679$11,424,842
99$15,844,891$5,186,235$3,606,756$12,385,181
100$17,372,766$5,352,057$3,639,278$13,437,476