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

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$226,267$224,251$222,285$220,366$218,491$214,960
2 years$112,013$109,927$107,905$105,945$104,044$100,496
3 years$73,934$71,839$69,822$67,880$66,010$62,555
4 years$54,898$52,809$50,812$48,904$47,079$43,745
5 years$43,479$41,403$39,433$37,563$35,788$32,584
6 years$35,869$33,809$31,867$30,039$28,318$25,248
7 years$30,436$28,392$26,482$24,697$23,030$20,095
8 years$26,362$24,337$22,459$20,718$19,106$16,304
9 years$23,196$21,190$19,344$17,647$16,090$13,421
10 years$20,664$18,678$16,864$15,212$13,709$11,171
11 years$18,594$16,628$14,847$13,239$11,790$9,379
12 years$16,870$14,924$13,176$11,612$10,217$7,931
13 years$15,413$13,487$11,772$10,252$8,910$6,745
14 years$14,165$12,260$10,577$9,100$7,810$5,763
15 years$13,084$11,199$9,550$8,116$6,877$4,943
16 years$12,139$10,275$8,658$7,267$6,078$4,254
17 years$11,307$9,463$7,879$6,529$5,389$3,671
18 years$10,567$8,744$7,192$5,884$4,792$3,175
19 years$9,906$8,104$6,584$5,317$4,271$2,752
20 years$9,312$7,531$6,043$4,815$3,815$2,390
21 years$8,776$7,015$5,558$4,370$3,414$2,078
22 years$8,288$6,548$5,123$3,974$3,060$1,809
23 years$7,844$6,124$4,730$3,619$2,747$1,576
24 years$7,438$5,738$4,374$3,301$2,469$1,375
25 years$7,064$5,385$4,052$3,014$2,222$1,201
26 years$6,720$5,061$3,758$2,756$2,001$1,049
27 years$6,402$4,763$3,489$2,523$1,804$917
28 years$6,107$4,488$3,244$2,311$1,628$802
29 years$5,833$4,234$3,019$2,120$1,470$702
30 years$5,577$3,998$2,812$1,945$1,328$614
31 years$5,339$3,780$2,621$1,787$1,201$538
32 years$5,116$3,576$2,446$1,642$1,086$471
33 years$4,907$3,387$2,284$1,510$983$413
34 years$4,711$3,210$2,134$1,389$890$362
35 years$4,526$3,045$1,995$1,279$806$317
36 years$4,352$2,890$1,866$1,178$730$278
37 years$4,187$2,745$1,747$1,085$662$244
38 years$4,032$2,608$1,636$1,000$600$214
39 years$3,885$2,480$1,532$922$544$188
40 years$3,746$2,360$1,436$851$494$165
41 years$3,614$2,246$1,347$785$448$145
42 years$3,488$2,139$1,263$724$406$127
43 years$3,369$2,038$1,185$669$369$111
44 years$3,256$1,943$1,113$617$335$98
45 years$3,147$1,853$1,045$570$304$86
46 years$3,044$1,768$981$527$276$75
47 years$2,946$1,687$922$487$251$66
48 years$2,851$1,610$866$450$228$58
49 years$2,761$1,538$814$416$207$51
50 years$2,675$1,469$766$384$188$45

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 $4,184 every year, while hoping to spend $27,593 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: 62/11/27 Blend
79$2,740,000$2,740,000$2,740,000$2,740,000
80$3,023,796$2,878,576$2,836,106$3,189,203
81$3,302,864$2,990,267$2,901,757$3,413,697
82$3,609,473$3,106,507$2,968,682$3,655,344
83$3,946,402$3,227,488$3,036,895$3,918,616
84$4,316,713$3,353,414$3,106,410$4,205,632
85$4,723,781$3,484,495$3,177,238$4,518,726
86$5,171,324$3,620,951$3,249,392$4,860,466
87$5,663,435$3,763,015$3,322,884$5,233,681
88$6,204,629$3,910,925$3,397,723$5,641,483
89$6,799,875$4,064,934$3,473,920$6,087,302
90$7,454,650$4,225,304$3,551,485$6,574,912
91$8,174,990$4,392,310$3,630,426$7,108,471
92$8,967,544$4,566,238$3,710,750$7,692,557
93$9,839,638$4,747,388$3,792,464$8,332,212
94$10,799,343$4,936,072$3,875,574$9,032,989
95$11,855,555$5,132,618$3,960,084$9,801,004
96$13,018,072$5,337,367$4,045,997$10,642,993
97$14,297,693$5,550,676$4,133,316$11,566,375
98$15,706,317$5,772,918$4,222,042$12,579,324
99$17,257,053$6,004,484$4,312,172$13,690,842
100$18,964,349$6,245,779$4,403,706$14,910,845