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:
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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$237,828$235,709$233,642$231,625$229,655$222,929
2 years$117,736$115,544$113,419$111,358$109,360$102,638
3 years$77,711$75,509$73,389$71,348$69,382$62,875
4 years$57,703$55,507$53,409$51,402$49,484$43,242
5 years$45,701$43,518$41,447$39,482$37,617$31,656
6 years$37,702$35,536$33,496$31,574$29,765$24,092
7 years$31,991$29,843$27,835$25,959$24,207$18,821
8 years$27,709$25,581$23,606$21,776$20,082$14,979
9 years$24,381$22,273$20,332$18,548$16,912$12,088
10 years$21,720$19,632$17,726$15,989$14,410$9,858
11 years$19,544$17,478$15,606$13,915$12,393$8,105
12 years$17,732$15,687$13,850$12,205$10,739$6,708
13 years$16,200$14,176$12,374$10,776$9,365$5,580
14 years$14,888$12,886$11,118$9,565$8,209$4,662
15 years$13,752$11,772$10,038$8,531$7,228$3,908
16 years$12,759$10,800$9,101$7,638$6,388$3,285
17 years$11,884$9,947$8,281$6,863$5,664$2,768
18 years$11,107$9,191$7,560$6,185$5,036$2,337
19 years$10,413$8,518$6,921$5,589$4,489$1,977
20 years$9,788$7,916$6,351$5,062$4,010$1,674
21 years$9,224$7,373$5,842$4,594$3,588$1,419
22 years$8,712$6,882$5,384$4,177$3,216$1,204
23 years$8,245$6,437$4,972$3,804$2,887$1,023
24 years$7,818$6,031$4,598$3,469$2,595$869
25 years$7,425$5,660$4,259$3,168$2,335$739
26 years$7,063$5,319$3,950$2,897$2,103$629
27 years$6,729$5,006$3,668$2,652$1,896$535
28 years$6,419$4,717$3,409$2,429$1,711$456
29 years$6,131$4,450$3,173$2,228$1,545$388
30 years$5,862$4,203$2,955$2,045$1,396$331
31 years$5,612$3,973$2,755$1,878$1,262$282
32 years$5,377$3,759$2,571$1,726$1,142$240
33 years$5,158$3,560$2,400$1,587$1,033$205
34 years$4,951$3,374$2,243$1,460$936$175
35 years$4,757$3,200$2,097$1,344$847$149
36 years$4,574$3,038$1,961$1,238$768$127
37 years$4,401$2,885$1,836$1,141$696$108
38 years$4,238$2,742$1,719$1,051$631$92
39 years$4,084$2,607$1,611$969$572$79
40 years$3,937$2,480$1,510$894$519$67
41 years$3,799$2,361$1,416$825$471$57
42 years$3,667$2,249$1,328$761$427$49
43 years$3,541$2,143$1,246$703$388$42
44 years$3,422$2,042$1,170$649$352$36
45 years$3,308$1,948$1,098$599$319$30
46 years$3,200$1,858$1,031$554$290$26
47 years$3,096$1,773$969$511$263$22
48 years$2,997$1,693$911$473$239$19
49 years$2,902$1,616$856$437$217$16
50 years$2,812$1,544$805$404$197$14

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 $2,326 every year, while hoping to spend $54,397 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: 79/8/13 Blend
79$2,880,000$2,880,000$2,880,000$2,880,000
80$3,176,159$3,023,519$2,978,879$3,418,849
81$3,442,250$3,113,794$3,020,794$3,669,065
82$3,733,658$3,206,668$3,062,289$3,936,290
83$4,052,909$3,302,214$3,103,294$4,227,918
84$4,402,784$3,400,500$3,143,733$4,546,366
85$4,786,346$3,501,602$3,183,526$4,894,296
86$5,206,967$3,605,595$3,222,587$5,274,639
87$5,668,362$3,712,553$3,260,828$5,690,623
88$6,174,623$3,822,557$3,298,155$6,145,806
89$6,730,258$3,935,686$3,334,466$6,644,104
90$7,340,231$4,052,021$3,369,658$7,189,833
91$8,010,012$4,171,647$3,403,618$7,787,746
92$8,745,623$4,294,648$3,436,230$8,443,080
93$9,553,703$4,421,112$3,467,369$9,161,602
94$10,441,562$4,551,127$3,496,907$9,949,669
95$11,417,254$4,684,785$3,524,706$10,814,281
96$12,489,651$4,822,177$3,550,622$11,763,151
97$13,668,531$4,963,399$3,574,502$12,804,777
98$14,964,661$5,108,546$3,596,189$13,948,523
99$16,389,908$5,257,716$3,615,512$15,204,703
100$17,957,344$5,411,009$3,632,297$16,584,684