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%18.1%
1 years$238,653$236,528$234,454$232,429$230,453$222,897
2 years$118,145$115,945$113,812$111,745$109,739$102,200
3 years$77,981$75,771$73,644$71,596$69,623$62,336
4 years$57,903$55,700$53,594$51,581$49,656$42,676
5 years$45,859$43,669$41,591$39,619$37,748$31,095
6 years$37,833$35,659$33,612$31,684$29,868$23,548
7 years$32,102$29,947$27,932$26,049$24,291$18,302
8 years$27,805$25,670$23,688$21,852$20,152$14,489
9 years$24,466$22,350$20,403$18,613$16,971$11,629
10 years$21,795$19,701$17,788$16,044$14,460$9,430
11 years$19,612$17,538$15,660$13,964$12,436$7,709
12 years$17,794$15,741$13,898$12,248$10,777$6,341
13 years$16,257$14,226$12,417$10,813$9,398$5,243
14 years$14,940$12,931$11,156$9,599$8,238$4,353
15 years$13,800$11,812$10,073$8,560$7,253$3,626
16 years$12,804$10,838$9,132$7,665$6,410$3,028
17 years$11,925$9,981$8,310$6,887$5,684$2,535
18 years$11,146$9,223$7,586$6,206$5,054$2,126
19 years$10,449$8,548$6,945$5,608$4,505$1,786
20 years$9,822$7,943$6,374$5,079$4,024$1,502
21 years$9,256$7,399$5,862$4,610$3,601$1,265
22 years$8,742$6,906$5,403$4,191$3,228$1,066
23 years$8,274$6,459$4,989$3,817$2,897$899
24 years$7,845$6,052$4,614$3,481$2,604$758
25 years$7,451$5,679$4,273$3,179$2,343$640
26 years$7,088$5,338$3,963$2,907$2,111$541
27 years$6,752$5,024$3,680$2,661$1,903$457
28 years$6,441$4,734$3,421$2,438$1,717$386
29 years$6,152$4,466$3,184$2,236$1,551$327
30 years$5,883$4,217$2,966$2,052$1,401$276
31 years$5,631$3,987$2,765$1,884$1,267$234
32 years$5,396$3,772$2,580$1,732$1,146$198
33 years$5,176$3,572$2,409$1,593$1,037$167
34 years$4,968$3,386$2,250$1,465$939$142
35 years$4,774$3,211$2,104$1,349$850$120
36 years$4,590$3,048$1,968$1,242$770$101
37 years$4,417$2,895$1,842$1,145$698$86
38 years$4,253$2,751$1,725$1,055$633$73
39 years$4,098$2,616$1,616$973$574$61
40 years$3,951$2,489$1,515$897$521$52
41 years$3,812$2,369$1,421$828$472$44
42 years$3,679$2,257$1,332$764$429$37
43 years$3,554$2,150$1,250$705$389$32
44 years$3,434$2,049$1,174$651$353$27
45 years$3,320$1,954$1,102$601$321$23
46 years$3,211$1,864$1,035$555$291$19
47 years$3,107$1,779$972$513$264$16
48 years$3,007$1,698$914$474$240$14
49 years$2,913$1,622$859$438$218$12
50 years$2,822$1,549$808$405$198$10

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 $4,609 every year, while hoping to spend $28,367 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: 84/6/10 Blend
79$2,890,000$2,890,000$2,890,000$2,890,000
80$3,189,534$3,036,364$2,991,569$3,452,338
81$3,484,684$3,154,964$3,061,604$3,743,469
82$3,808,989$3,278,424$3,133,035$4,058,912
83$4,165,392$3,406,953$3,205,878$4,404,535
84$4,557,137$3,540,768$3,280,150$4,783,357
85$4,987,796$3,680,097$3,355,866$5,198,700
86$5,461,307$3,825,177$3,433,043$5,654,225
87$5,982,005$3,976,256$3,511,694$6,153,965
88$6,554,669$4,133,592$3,591,836$6,702,359
89$7,184,563$4,297,456$3,673,480$7,304,300
90$7,877,488$4,468,131$3,756,642$7,965,176
91$8,639,835$4,645,912$3,841,332$8,690,923
92$9,478,645$4,831,109$3,927,563$9,488,080
93$10,401,676$5,024,042$4,015,346$10,363,850
94$11,417,477$5,225,050$4,104,690$11,326,168
95$12,535,466$5,434,484$4,195,604$12,383,778
96$13,766,023$5,652,713$4,288,096$13,546,309
97$15,120,583$5,880,122$4,382,172$14,824,373
98$16,611,746$6,117,112$4,477,839$16,229,660
99$18,253,397$6,364,103$4,575,100$17,775,049
100$20,060,835$6,621,535$4,673,957$19,474,730