Can I retire at age 80 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$239,479$237,346$235,265$233,234$231,250$226,581
2 years$118,554$116,346$114,206$112,132$110,119$105,436
3 years$78,251$76,033$73,899$71,844$69,864$65,312
4 years$58,103$55,893$53,780$51,759$49,828$45,442
5 years$46,018$43,821$41,735$39,756$37,878$33,672
6 years$37,964$35,783$33,728$31,793$29,972$25,949
7 years$32,213$30,050$28,028$26,139$24,375$20,537
8 years$27,902$25,759$23,770$21,927$20,221$16,567
9 years$24,550$22,428$20,473$18,677$17,029$13,556
10 years$21,871$19,769$17,849$16,100$14,510$11,214
11 years$19,680$17,599$15,714$14,012$12,479$9,357
12 years$17,855$15,796$13,946$12,290$10,814$7,861
13 years$16,313$14,275$12,460$10,850$9,430$6,641
14 years$14,992$12,975$11,195$9,632$8,266$5,636
15 years$13,848$11,853$10,108$8,590$7,278$4,801
16 years$12,848$10,875$9,164$7,691$6,433$4,103
17 years$11,967$10,016$8,339$6,911$5,704$3,516
18 years$11,184$9,255$7,612$6,228$5,071$3,019
19 years$10,485$8,577$6,969$5,627$4,520$2,597
20 years$9,856$7,970$6,396$5,097$4,038$2,238
21 years$9,288$7,424$5,883$4,626$3,613$1,931
22 years$8,772$6,930$5,422$4,206$3,239$1,668
23 years$8,302$6,482$5,006$3,830$2,907$1,443
24 years$7,872$6,073$4,630$3,493$2,613$1,249
25 years$7,477$5,699$4,288$3,190$2,351$1,082
26 years$7,112$5,356$3,977$2,917$2,118$938
27 years$6,776$5,041$3,693$2,670$1,910$813
28 years$6,463$4,750$3,433$2,446$1,723$705
29 years$6,173$4,481$3,195$2,243$1,556$612
30 years$5,903$4,232$2,976$2,059$1,406$532
31 years$5,651$4,001$2,774$1,891$1,271$462
32 years$5,415$3,785$2,588$1,738$1,150$401
33 years$5,193$3,585$2,417$1,598$1,040$349
34 years$4,986$3,398$2,258$1,470$942$303
35 years$4,790$3,223$2,111$1,354$853$263
36 years$4,606$3,059$1,975$1,247$773$229
37 years$4,432$2,905$1,849$1,149$701$199
38 years$4,268$2,761$1,731$1,059$635$173
39 years$4,112$2,625$1,622$976$576$151
40 years$3,965$2,498$1,520$900$522$131
41 years$3,825$2,378$1,425$831$474$114
42 years$3,692$2,264$1,337$767$430$99
43 years$3,566$2,157$1,255$708$390$86
44 years$3,446$2,056$1,178$653$354$75
45 years$3,331$1,961$1,106$603$322$65
46 years$3,222$1,871$1,039$557$292$57
47 years$3,118$1,785$976$515$265$49
48 years$3,018$1,704$917$476$241$43
49 years$2,923$1,628$862$440$219$37
50 years$2,831$1,555$810$406$199$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,900,000, adding $4,611 every year, while hoping to spend $26,516 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: 65/13/22 Blend
79$2,900,000$2,900,000$2,900,000$2,900,000
80$3,200,556$3,046,856$3,001,906$3,390,221
81$3,498,800$3,167,939$3,074,257$3,639,454
82$3,826,576$3,294,067$3,148,143$3,908,311
83$4,186,869$3,425,458$3,223,588$4,201,534
84$4,582,966$3,562,342$3,300,614$4,521,514
85$5,018,489$3,704,957$3,379,246$4,870,884
86$5,497,430$3,853,555$3,459,505$5,252,543
87$6,024,184$4,008,396$3,541,416$5,669,680
88$6,603,598$4,169,754$3,625,000$6,125,808
89$7,241,007$4,337,914$3,710,279$6,624,795
90$7,942,293$4,513,175$3,797,277$7,170,898
91$8,713,936$4,695,850$3,886,015$7,768,807
92$9,563,074$4,886,263$3,976,513$8,423,685
93$10,497,574$5,084,756$4,068,793$9,141,218
94$11,526,104$5,291,687$4,162,874$9,927,668
95$12,658,213$5,507,427$4,258,778$10,789,930
96$13,904,427$5,732,366$4,356,522$11,735,602
97$15,276,338$5,966,912$4,456,126$12,773,047
98$16,786,725$6,211,491$4,557,607$13,911,481
99$18,449,666$6,466,549$4,660,981$15,161,053
100$20,280,674$6,732,552$4,766,266$16,532,941