Can I retire at age 80 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$231,221$229,162$227,152$225,191$223,276$220,486
2 years$114,466$112,334$110,268$108,265$106,322$103,514
3 years$75,553$73,412$71,351$69,366$67,455$64,717
4 years$56,100$53,965$51,925$49,975$48,109$45,463
5 years$44,431$42,309$40,296$38,385$36,572$34,024
6 years$36,655$34,549$32,565$30,697$28,938$26,492
7 years$31,102$29,014$27,062$25,238$23,535$21,191
8 years$26,940$24,870$22,951$21,171$19,524$17,283
9 years$23,704$21,654$19,767$18,033$16,442$14,303
10 years$21,117$19,087$17,234$15,545$14,010$11,970
11 years$19,001$16,992$15,172$13,529$12,049$10,107
12 years$17,240$15,251$13,465$11,866$10,441$8,596
13 years$15,750$13,783$12,030$10,476$9,105$7,353
14 years$14,475$12,528$10,809$9,300$7,981$6,321
15 years$13,370$11,445$9,759$8,294$7,027$5,455
16 years$12,405$10,500$8,848$7,426$6,211$4,724
17 years$11,554$9,670$8,051$6,672$5,507$4,103
18 years$10,799$8,936$7,350$6,013$4,896$3,572
19 years$10,123$8,282$6,728$5,433$4,364$3,116
20 years$9,516$7,696$6,175$4,921$3,898$2,724
21 years$8,968$7,168$5,680$4,466$3,489$2,384
22 years$8,470$6,691$5,235$4,061$3,127$2,090
23 years$8,016$6,258$4,833$3,698$2,807$1,834
24 years$7,601$5,864$4,470$3,373$2,523$1,611
25 years$7,219$5,503$4,140$3,080$2,270$1,417
26 years$6,867$5,172$3,840$2,816$2,045$1,247
27 years$6,542$4,867$3,566$2,578$1,844$1,098
28 years$6,241$4,586$3,315$2,362$1,664$967
29 years$5,961$4,327$3,085$2,166$1,502$853
30 years$5,700$4,086$2,873$1,988$1,357$752
31 years$5,456$3,863$2,679$1,826$1,227$663
32 years$5,228$3,655$2,499$1,678$1,110$586
33 years$5,014$3,461$2,334$1,543$1,005$517
34 years$4,814$3,280$2,180$1,420$910$457
35 years$4,625$3,111$2,038$1,307$824$403
36 years$4,447$2,953$1,907$1,204$746$356
37 years$4,279$2,805$1,785$1,109$677$315
38 years$4,120$2,666$1,671$1,022$613$278
39 years$3,970$2,535$1,566$942$556$246
40 years$3,828$2,412$1,468$869$504$218
41 years$3,693$2,296$1,376$802$458$192
42 years$3,565$2,186$1,291$740$415$170
43 years$3,443$2,083$1,211$683$377$150
44 years$3,327$1,986$1,137$631$342$133
45 years$3,216$1,893$1,068$583$311$118
46 years$3,111$1,806$1,003$538$282$104
47 years$3,010$1,724$942$497$256$92
48 years$2,914$1,646$885$459$233$81
49 years$2,822$1,571$832$425$211$72
50 years$2,734$1,501$782$392$192$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,800,000, adding $6,049 every year, while hoping to spend $42,465 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: 68/23/9 Blend
79$2,800,000$2,800,000$2,800,000$2,800,000
80$3,091,840$2,943,440$2,900,040$3,296,290
81$3,362,025$3,042,486$2,952,008$3,531,788
82$3,658,346$3,144,962$3,004,295$3,783,546
83$3,983,423$3,250,991$3,056,865$4,057,740
84$4,340,144$3,360,702$3,109,682$4,356,562
85$4,731,689$3,474,226$3,162,706$4,682,422
86$5,161,560$3,591,702$3,215,896$5,037,976
87$5,633,615$3,713,272$3,269,205$5,426,144
88$6,152,107$3,839,084$3,322,586$5,850,144
89$6,721,715$3,969,294$3,375,986$6,313,517
90$7,347,600$4,104,059$3,429,352$6,820,161
91$8,035,444$4,243,546$3,482,623$7,374,371
92$8,791,507$4,387,928$3,535,739$7,980,872
93$9,622,687$4,537,382$3,588,632$8,644,871
94$10,536,582$4,692,095$3,641,232$9,372,100
95$11,541,564$4,852,258$3,693,464$10,168,872
96$12,646,857$5,018,072$3,745,249$11,042,141
97$13,862,624$5,189,746$3,796,502$11,999,565
98$15,200,061$5,367,493$3,847,135$13,049,577
99$16,671,506$5,551,538$3,897,052$14,201,469
100$18,290,551$5,742,115$3,946,155$15,465,472