Can I retire at age 80 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$238,653$236,528$234,454$232,429$230,453$223,613
2 years$118,145$115,945$113,812$111,745$109,739$102,905
3 years$77,981$75,771$73,644$71,596$69,623$63,009
4 years$57,903$55,700$53,594$51,581$49,656$43,312
5 years$45,859$43,669$41,591$39,619$37,748$31,691
6 years$37,833$35,659$33,612$31,684$29,868$24,105
7 years$32,102$29,947$27,932$26,049$24,291$18,820
8 years$27,805$25,670$23,688$21,852$20,152$14,970
9 years$24,466$22,350$20,403$18,613$16,971$12,073
10 years$21,795$19,701$17,788$16,044$14,460$9,840
11 years$19,612$17,538$15,660$13,964$12,436$8,085
12 years$17,794$15,741$13,898$12,248$10,777$6,687
13 years$16,257$14,226$12,417$10,813$9,398$5,559
14 years$14,940$12,931$11,156$9,599$8,238$4,641
15 years$13,800$11,812$10,073$8,560$7,253$3,887
16 years$12,804$10,838$9,132$7,665$6,410$3,266
17 years$11,925$9,981$8,310$6,887$5,684$2,750
18 years$11,146$9,223$7,586$6,206$5,054$2,320
19 years$10,449$8,548$6,945$5,608$4,505$1,960
20 years$9,822$7,943$6,374$5,079$4,024$1,659
21 years$9,256$7,399$5,862$4,610$3,601$1,405
22 years$8,742$6,906$5,403$4,191$3,228$1,192
23 years$8,274$6,459$4,989$3,817$2,897$1,011
24 years$7,845$6,052$4,614$3,481$2,604$859
25 years$7,451$5,679$4,273$3,179$2,343$730
26 years$7,088$5,338$3,963$2,907$2,111$620
27 years$6,752$5,024$3,680$2,661$1,903$528
28 years$6,441$4,734$3,421$2,438$1,717$449
29 years$6,152$4,466$3,184$2,236$1,551$382
30 years$5,883$4,217$2,966$2,052$1,401$325
31 years$5,631$3,987$2,765$1,884$1,267$277
32 years$5,396$3,772$2,580$1,732$1,146$236
33 years$5,176$3,572$2,409$1,593$1,037$201
34 years$4,968$3,386$2,250$1,465$939$171
35 years$4,774$3,211$2,104$1,349$850$146
36 years$4,590$3,048$1,968$1,242$770$124
37 years$4,417$2,895$1,842$1,145$698$106
38 years$4,253$2,751$1,725$1,055$633$90
39 years$4,098$2,616$1,616$973$574$77
40 years$3,951$2,489$1,515$897$521$66
41 years$3,812$2,369$1,421$828$472$56
42 years$3,679$2,257$1,332$764$429$48
43 years$3,554$2,150$1,250$705$389$41
44 years$3,434$2,049$1,174$651$353$35
45 years$3,320$1,954$1,102$601$321$29
46 years$3,211$1,864$1,035$555$291$25
47 years$3,107$1,779$972$513$264$21
48 years$3,007$1,698$914$474$240$18
49 years$2,913$1,622$859$438$218$16
50 years$2,822$1,549$808$405$198$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,890,000, adding $3,972 every year, while hoping to spend $32,967 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: 59/31/10 Blend
79$2,890,000$2,890,000$2,890,000$2,890,000
80$3,188,877$3,035,707$2,990,912$3,369,314
81$3,479,066$3,149,380$3,056,031$3,604,768
82$3,797,749$3,267,518$3,122,227$3,857,315
83$4,147,798$3,390,305$3,189,500$4,131,882
84$4,532,377$3,517,933$3,257,851$4,430,587
85$4,954,970$3,650,603$3,327,280$4,755,762
86$5,419,416$3,788,522$3,397,783$5,109,971
87$5,929,946$3,931,909$3,469,358$5,496,034
88$6,491,219$4,080,991$3,542,000$5,917,055
89$7,108,369$4,236,005$3,615,703$6,376,447
90$7,787,052$4,397,199$3,690,459$6,877,970
91$8,533,500$4,564,830$3,766,258$7,425,757
92$9,354,580$4,739,169$3,843,090$8,024,358
93$10,257,855$4,920,497$3,920,941$8,678,784
94$11,251,661$5,109,106$3,999,798$9,394,547
95$12,345,182$5,305,304$4,079,642$10,177,716
96$13,548,536$5,509,409$4,160,456$11,034,972
97$14,872,873$5,721,757$4,242,218$11,973,671
98$16,330,478$5,942,694$4,324,904$13,001,912
99$17,934,886$6,172,586$4,408,487$14,128,610
100$19,701,013$6,411,811$4,492,940$15,363,584