Can I retire at age 80 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$230,396$228,343$226,341$224,387$222,479$218,613
2 years$114,057$111,933$109,874$107,878$105,942$102,060
3 years$75,283$73,149$71,096$69,119$67,214$63,437
4 years$55,899$53,773$51,740$49,796$47,938$44,294
5 years$44,272$42,158$40,152$38,248$36,441$32,942
6 years$36,524$34,425$32,449$30,587$28,835$25,483
7 years$30,991$28,910$26,965$25,148$23,450$20,248
8 years$26,843$24,782$22,869$21,096$19,454$16,400
9 years$23,619$21,577$19,697$17,969$16,383$13,476
10 years$21,041$19,019$17,172$15,489$13,960$11,196
11 years$18,933$16,931$15,118$13,480$12,006$9,383
12 years$17,178$15,197$13,417$11,824$10,404$7,918
13 years$15,694$13,733$11,987$10,439$9,072$6,721
14 years$14,423$12,483$10,770$9,266$7,953$5,731
15 years$13,323$11,404$9,724$8,264$7,002$4,906
16 years$12,361$10,463$8,816$7,400$6,189$4,213
17 years$11,513$9,636$8,023$6,648$5,487$3,628
18 years$10,760$8,904$7,324$5,992$4,879$3,131
19 years$10,087$8,252$6,704$5,414$4,349$2,708
20 years$9,482$7,668$6,153$4,903$3,884$2,346
21 years$8,936$7,143$5,660$4,450$3,476$2,035
22 years$8,440$6,667$5,216$4,046$3,116$1,767
23 years$7,987$6,236$4,816$3,685$2,797$1,537
24 years$7,573$5,843$4,454$3,361$2,514$1,338
25 years$7,193$5,483$4,125$3,069$2,262$1,165
26 years$6,843$5,153$3,826$2,806$2,038$1,015
27 years$6,519$4,850$3,553$2,569$1,837$886
28 years$6,218$4,570$3,303$2,354$1,658$773
29 years$5,939$4,311$3,074$2,158$1,497$675
30 years$5,679$4,071$2,863$1,981$1,353$589
31 years$5,436$3,849$2,669$1,819$1,223$515
32 years$5,209$3,642$2,490$1,672$1,106$450
33 years$4,996$3,449$2,325$1,537$1,001$393
34 years$4,797$3,269$2,173$1,415$906$344
35 years$4,608$3,100$2,031$1,302$821$300
36 years$4,431$2,943$1,900$1,199$744$263
37 years$4,264$2,795$1,778$1,105$674$230
38 years$4,106$2,656$1,665$1,018$611$201
39 years$3,956$2,526$1,560$939$554$176
40 years$3,814$2,403$1,463$866$503$154
41 years$3,680$2,287$1,371$799$456$135
42 years$3,552$2,178$1,286$738$414$118
43 years$3,431$2,076$1,207$681$376$103
44 years$3,315$1,978$1,133$629$341$90
45 years$3,205$1,887$1,064$581$309$79
46 years$3,100$1,800$999$536$281$69
47 years$2,999$1,718$939$495$255$61
48 years$2,903$1,640$882$458$232$53
49 years$2,812$1,566$829$423$210$46
50 years$2,724$1,496$780$391$191$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,790,000, adding $5,853 every year, while hoping to spend $49,941 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: 81/14/5 Blend
79$2,790,000$2,790,000$2,790,000$2,790,000
80$3,080,617$2,932,747$2,889,502$3,329,289
81$3,341,704$3,023,315$2,933,164$3,583,290
82$3,627,747$3,116,647$2,976,614$3,854,723
83$3,941,240$3,212,825$3,019,794$4,151,066
84$4,284,928$3,311,936$3,062,639$4,474,781
85$4,661,835$3,414,066$3,105,082$4,828,576
86$5,075,293$3,519,305$3,147,052$5,215,433
87$5,528,968$3,627,746$3,188,474$5,638,637
88$6,026,902$3,739,485$3,229,267$6,101,804
89$6,573,546$3,854,619$3,269,347$6,608,919
90$7,173,802$3,973,250$3,308,625$7,164,367
91$7,833,071$4,095,481$3,347,005$7,772,980
92$8,557,304$4,221,419$3,384,389$8,440,079
93$9,353,054$4,351,173$3,420,671$9,171,527
94$10,227,541$4,484,857$3,455,740$9,973,779
95$11,188,722$4,622,587$3,489,479$10,853,946
96$12,245,359$4,764,481$3,521,764$11,819,864
97$13,407,108$4,910,663$3,552,465$12,880,162
98$14,684,606$5,061,259$3,581,446$14,044,347
99$16,089,573$5,216,397$3,608,561$15,322,892
100$17,634,922$5,376,213$3,633,660$16,727,336