Can I retire at age 80 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$227,918$225,888$223,907$221,974$220,086$217,607
2 years$112,831$110,729$108,693$106,718$104,803$102,307
3 years$74,473$72,363$70,331$68,375$66,491$64,056
4 years$55,298$53,194$51,183$49,261$47,422$45,067
5 years$43,796$41,705$39,720$37,837$36,050$33,780
6 years$36,131$34,055$32,100$30,258$28,525$26,345
7 years$30,658$28,600$26,675$24,877$23,198$21,109
8 years$26,555$24,515$22,623$20,869$19,245$17,246
9 years$23,365$21,345$19,485$17,776$16,207$14,297
10 years$20,815$18,814$16,987$15,323$13,809$11,987
11 years$18,730$16,749$14,955$13,335$11,877$10,141
12 years$16,993$15,033$13,273$11,697$10,292$8,641
13 years$15,525$13,586$11,858$10,327$8,975$7,406
14 years$14,268$12,349$10,655$9,167$7,867$6,379
15 years$13,179$11,281$9,620$8,175$6,927$5,516
16 years$12,228$10,350$8,722$7,320$6,122$4,787
17 years$11,389$9,532$7,936$6,577$5,428$4,166
18 years$10,644$8,808$7,245$5,927$4,827$3,635
19 years$9,979$8,163$6,632$5,356$4,302$3,178
20 years$9,380$7,586$6,087$4,851$3,843$2,784
21 years$8,840$7,066$5,599$4,402$3,439$2,443
22 years$8,349$6,596$5,160$4,003$3,082$2,146
23 years$7,901$6,169$4,764$3,645$2,767$1,888
24 years$7,492$5,780$4,406$3,325$2,487$1,662
25 years$7,116$5,424$4,081$3,036$2,238$1,465
26 years$6,769$5,098$3,785$2,776$2,016$1,292
27 years$6,449$4,798$3,515$2,541$1,817$1,140
28 years$6,151$4,521$3,267$2,328$1,640$1,007
29 years$5,875$4,265$3,041$2,135$1,481$890
30 years$5,618$4,028$2,832$1,959$1,338$787
31 years$5,378$3,807$2,640$1,800$1,210$696
32 years$5,153$3,603$2,464$1,654$1,094$616
33 years$4,943$3,412$2,300$1,521$990$545
34 years$4,745$3,234$2,149$1,399$897$483
35 years$4,559$3,067$2,009$1,288$812$427
36 years$4,384$2,911$1,880$1,186$736$379
37 years$4,218$2,765$1,759$1,093$667$335
38 years$4,062$2,628$1,648$1,008$605$297
39 years$3,914$2,499$1,544$929$548$263
40 years$3,773$2,377$1,447$857$497$233
41 years$3,640$2,263$1,357$791$451$207
42 years$3,514$2,155$1,273$730$409$183
43 years$3,394$2,053$1,194$673$372$163
44 years$3,279$1,957$1,121$622$337$144
45 years$3,170$1,866$1,052$574$306$128
46 years$3,066$1,780$989$530$278$113
47 years$2,967$1,699$929$490$252$101
48 years$2,872$1,622$873$453$229$89
49 years$2,782$1,549$820$419$208$79
50 years$2,695$1,480$771$387$189$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,760,000, adding $4,329 every year, while hoping to spend $45,583 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: 45/46/9 Blend
79$2,760,000$2,760,000$2,760,000$2,760,000
80$3,045,985$2,899,705$2,856,925$3,175,146
81$3,308,176$2,993,291$2,904,132$3,358,500
82$3,595,582$3,089,935$2,951,393$3,552,165
83$3,910,728$3,189,738$2,998,661$3,761,114
84$4,256,393$3,292,806$3,045,887$3,986,773
85$4,635,639$3,399,247$3,093,019$4,230,707
86$5,051,839$3,509,175$3,139,999$4,494,638
87$5,508,708$3,622,705$3,186,770$4,780,460
88$6,010,336$3,739,958$3,233,267$5,090,253
89$6,561,233$3,861,059$3,279,424$5,426,308
90$7,166,363$3,986,135$3,325,169$5,791,141
91$7,831,196$4,115,320$3,370,427$6,187,523
92$8,561,760$4,248,752$3,415,118$6,618,501
93$9,364,692$4,386,574$3,459,156$7,087,429
94$10,247,306$4,528,932$3,502,454$7,597,997
95$11,217,661$4,675,979$3,544,916$8,154,265
96$12,284,633$4,827,873$3,586,442$8,760,703
97$13,458,004$4,984,777$3,626,926$9,422,229
98$14,748,550$5,146,860$3,666,257$10,144,260
99$16,168,143$5,314,297$3,704,317$10,932,756
100$17,729,864$5,487,268$3,740,983$11,794,281