Can I retire at age 80 with 2,880,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$237,828$235,709$233,642$231,625$229,655$227,731
2 years$117,736$115,544$113,419$111,358$109,360$107,420
3 years$77,711$75,509$73,389$71,348$69,382$67,488
4 years$57,703$55,507$53,409$51,402$49,484$47,649
5 years$45,701$43,518$41,447$39,482$37,617$35,847
6 years$37,702$35,536$33,496$31,574$29,765$28,062
7 years$31,991$29,843$27,835$25,959$24,207$22,572
8 years$27,709$25,581$23,606$21,776$20,082$18,515
9 years$24,381$22,273$20,332$18,548$16,912$15,413
10 years$21,720$19,632$17,726$15,989$14,410$12,977
11 years$19,544$17,478$15,606$13,915$12,393$11,026
12 years$17,732$15,687$13,850$12,205$10,739$9,436
13 years$16,200$14,176$12,374$10,776$9,365$8,125
14 years$14,888$12,886$11,118$9,565$8,209$7,030
15 years$13,752$11,772$10,038$8,531$7,228$6,109
16 years$12,759$10,800$9,101$7,638$6,388$5,327
17 years$11,884$9,947$8,281$6,863$5,664$4,659
18 years$11,107$9,191$7,560$6,185$5,036$4,085
19 years$10,413$8,518$6,921$5,589$4,489$3,590
20 years$9,788$7,916$6,351$5,062$4,010$3,161
21 years$9,224$7,373$5,842$4,594$3,588$2,787
22 years$8,712$6,882$5,384$4,177$3,216$2,462
23 years$8,245$6,437$4,972$3,804$2,887$2,177
24 years$7,818$6,031$4,598$3,469$2,595$1,927
25 years$7,425$5,660$4,259$3,168$2,335$1,708
26 years$7,063$5,319$3,950$2,897$2,103$1,515
27 years$6,729$5,006$3,668$2,652$1,896$1,345
28 years$6,419$4,717$3,409$2,429$1,711$1,194
29 years$6,131$4,450$3,173$2,228$1,545$1,061
30 years$5,862$4,203$2,955$2,045$1,396$944
31 years$5,612$3,973$2,755$1,878$1,262$839
32 years$5,377$3,759$2,571$1,726$1,142$747
33 years$5,158$3,560$2,400$1,587$1,033$665
34 years$4,951$3,374$2,243$1,460$936$592
35 years$4,757$3,200$2,097$1,344$847$528
36 years$4,574$3,038$1,961$1,238$768$470
37 years$4,401$2,885$1,836$1,141$696$419
38 years$4,238$2,742$1,719$1,051$631$373
39 years$4,084$2,607$1,611$969$572$333
40 years$3,937$2,480$1,510$894$519$297
41 years$3,799$2,361$1,416$825$471$265
42 years$3,667$2,249$1,328$761$427$236
43 years$3,541$2,143$1,246$703$388$211
44 years$3,422$2,042$1,170$649$352$188
45 years$3,308$1,948$1,098$599$319$168
46 years$3,200$1,858$1,031$554$290$150
47 years$3,096$1,773$969$511$263$133
48 years$2,997$1,693$911$473$239$119
49 years$2,902$1,616$856$437$217$106
50 years$2,812$1,544$805$404$197$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,880,000, adding $4,594 every year, while hoping to spend $51,978 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: 39/42/19 Blend