Can I retire at age 80 with 2,740,000?

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 $2,740,000?

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 years$226,267$224,251$222,285$220,366$218,491$216,661
2 years$112,013$109,927$107,905$105,945$104,044$102,198
3 years$73,934$71,839$69,822$67,880$66,010$64,207
4 years$54,898$52,809$50,812$48,904$47,079$45,333
5 years$43,479$41,403$39,433$37,563$35,788$34,105
6 years$35,869$33,809$31,867$30,039$28,318$26,698
7 years$30,436$28,392$26,482$24,697$23,030$21,475
8 years$26,362$24,337$22,459$20,718$19,106$17,615
9 years$23,196$21,190$19,344$17,647$16,090$14,663
10 years$20,664$18,678$16,864$15,212$13,709$12,346
11 years$18,594$16,628$14,847$13,239$11,790$10,490
12 years$16,870$14,924$13,176$11,612$10,217$8,978
13 years$15,413$13,487$11,772$10,252$8,910$7,730
14 years$14,165$12,260$10,577$9,100$7,810$6,689
15 years$13,084$11,199$9,550$8,116$6,877$5,812
16 years$12,139$10,275$8,658$7,267$6,078$5,068
17 years$11,307$9,463$7,879$6,529$5,389$4,432
18 years$10,567$8,744$7,192$5,884$4,792$3,886
19 years$9,906$8,104$6,584$5,317$4,271$3,415
20 years$9,312$7,531$6,043$4,815$3,815$3,007
21 years$8,776$7,015$5,558$4,370$3,414$2,652
22 years$8,288$6,548$5,123$3,974$3,060$2,342
23 years$7,844$6,124$4,730$3,619$2,747$2,071
24 years$7,438$5,738$4,374$3,301$2,469$1,834
25 years$7,064$5,385$4,052$3,014$2,222$1,625
26 years$6,720$5,061$3,758$2,756$2,001$1,441
27 years$6,402$4,763$3,489$2,523$1,804$1,279
28 years$6,107$4,488$3,244$2,311$1,628$1,136
29 years$5,833$4,234$3,019$2,120$1,470$1,010
30 years$5,577$3,998$2,812$1,945$1,328$898
31 years$5,339$3,780$2,621$1,787$1,201$799
32 years$5,116$3,576$2,446$1,642$1,086$711
33 years$4,907$3,387$2,284$1,510$983$633
34 years$4,711$3,210$2,134$1,389$890$563
35 years$4,526$3,045$1,995$1,279$806$502
36 years$4,352$2,890$1,866$1,178$730$447
37 years$4,187$2,745$1,747$1,085$662$399
38 years$4,032$2,608$1,636$1,000$600$355
39 years$3,885$2,480$1,532$922$544$317
40 years$3,746$2,360$1,436$851$494$282
41 years$3,614$2,246$1,347$785$448$252
42 years$3,488$2,139$1,263$724$406$225
43 years$3,369$2,038$1,185$669$369$200
44 years$3,256$1,943$1,113$617$335$179
45 years$3,147$1,853$1,045$570$304$160
46 years$3,044$1,768$981$527$276$142
47 years$2,946$1,687$922$487$251$127
48 years$2,851$1,610$866$450$228$113
49 years$2,761$1,538$814$416$207$101
50 years$2,675$1,469$766$384$188$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,740,000, adding $5,184 every year, while hoping to spend $30,948 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: 45/26/29 Blend
79$2,740,000$2,740,000$2,740,000$2,740,000
80$3,024,827$2,879,607$2,837,137$3,135,363
81$3,300,431$2,987,780$2,899,253$3,322,771
82$3,603,110$3,100,215$2,962,412$3,522,536
83$3,935,591$3,217,090$3,026,617$3,738,606
84$4,300,882$3,338,588$3,091,870$3,972,524
85$4,702,295$3,464,902$3,158,170$4,225,984
86$5,143,477$3,596,230$3,225,517$4,500,850
87$5,628,448$3,732,782$3,293,909$4,799,171
88$6,161,638$3,874,776$3,363,342$5,123,203
89$6,747,923$4,022,439$3,433,813$5,475,425
90$7,392,681$4,176,008$3,505,315$5,858,566
91$8,101,833$4,335,730$3,577,841$6,275,628
92$8,881,904$4,501,865$3,651,383$6,729,915
93$9,740,083$4,674,681$3,725,929$7,225,062
94$10,684,291$4,854,460$3,801,468$7,765,071
95$11,723,256$5,041,497$3,877,984$8,354,345
96$12,866,595$5,236,096$3,955,463$8,997,733
97$14,124,902$5,438,580$4,033,886$9,700,570
98$15,509,853$5,649,281$4,113,232$10,468,732
99$17,034,312$5,868,550$4,193,479$11,308,686
100$18,712,453$6,096,750$4,274,602$12,227,553