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%11.7%
1 years$239,479$237,346$235,265$233,234$231,250$229,600
2 years$118,554$116,346$114,206$112,132$110,119$108,455
3 years$78,251$76,033$73,899$71,844$69,864$68,238
4 years$58,103$55,893$53,780$51,759$49,828$48,252
5 years$46,018$43,821$41,735$39,756$37,878$36,357
6 years$37,964$35,783$33,728$31,793$29,972$28,508
7 years$32,213$30,050$28,028$26,139$24,375$22,969
8 years$27,902$25,759$23,770$21,927$20,221$18,873
9 years$24,550$22,428$20,473$18,677$17,029$15,738
10 years$21,871$19,769$17,849$16,100$14,510$13,275
11 years$19,680$17,599$15,714$14,012$12,479$11,299
12 years$17,855$15,796$13,946$12,290$10,814$9,689
13 years$16,313$14,275$12,460$10,850$9,430$8,358
14 years$14,992$12,975$11,195$9,632$8,266$7,247
15 years$13,848$11,853$10,108$8,590$7,278$6,309
16 years$12,848$10,875$9,164$7,691$6,433$5,513
17 years$11,967$10,016$8,339$6,911$5,704$4,832
18 years$11,184$9,255$7,612$6,228$5,071$4,245
19 years$10,485$8,577$6,969$5,627$4,520$3,739
20 years$9,856$7,970$6,396$5,097$4,038$3,299
21 years$9,288$7,424$5,883$4,626$3,613$2,916
22 years$8,772$6,930$5,422$4,206$3,239$2,581
23 years$8,302$6,482$5,006$3,830$2,907$2,288
24 years$7,872$6,073$4,630$3,493$2,613$2,030
25 years$7,477$5,699$4,288$3,190$2,351$1,803
26 years$7,112$5,356$3,977$2,917$2,118$1,603
27 years$6,776$5,041$3,693$2,670$1,910$1,426
28 years$6,463$4,750$3,433$2,446$1,723$1,270
29 years$6,173$4,481$3,195$2,243$1,556$1,131
30 years$5,903$4,232$2,976$2,059$1,406$1,008
31 years$5,651$4,001$2,774$1,891$1,271$899
32 years$5,415$3,785$2,588$1,738$1,150$802
33 years$5,193$3,585$2,417$1,598$1,040$716
34 years$4,986$3,398$2,258$1,470$942$639
35 years$4,790$3,223$2,111$1,354$853$571
36 years$4,606$3,059$1,975$1,247$773$510
37 years$4,432$2,905$1,849$1,149$701$456
38 years$4,268$2,761$1,731$1,059$635$407
39 years$4,112$2,625$1,622$976$576$364
40 years$3,965$2,498$1,520$900$522$325
41 years$3,825$2,378$1,425$831$474$291
42 years$3,692$2,264$1,337$767$430$260
43 years$3,566$2,157$1,255$708$390$233
44 years$3,446$2,056$1,178$653$354$208
45 years$3,331$1,961$1,106$603$322$186
46 years$3,222$1,871$1,039$557$292$166
47 years$3,118$1,785$976$515$265$149
48 years$3,018$1,704$917$476$241$133
49 years$2,923$1,628$862$440$219$119
50 years$2,831$1,555$810$406$199$107

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 $3,681 every year, while hoping to spend $34,864 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: 53/30/17 Blend
79$2,900,000$2,900,000$2,900,000$2,900,000
80$3,199,597$3,045,897$3,000,947$3,354,269
81$3,488,861$3,158,051$3,064,384$3,572,701
82$3,806,461$3,274,532$3,128,777$3,806,256
83$4,155,251$3,395,515$3,194,122$4,059,615
84$4,538,375$3,521,183$3,260,413$4,334,669
85$4,959,295$3,651,727$3,327,643$4,633,501
86$5,421,825$3,787,344$3,395,801$4,958,399
87$5,930,170$3,928,242$3,464,879$5,311,881
88$6,488,958$4,074,637$3,534,863$5,696,718
89$7,103,290$4,226,753$3,605,740$6,115,957
90$7,778,787$4,384,825$3,677,493$6,572,951
91$8,521,640$4,549,098$3,750,106$7,071,391
92$9,338,670$4,719,827$3,823,558$7,615,338
93$10,237,394$4,897,278$3,897,826$8,209,262
94$11,226,093$5,081,729$3,972,888$8,858,082
95$12,313,890$5,273,469$4,048,715$9,567,214
96$13,510,839$5,472,801$4,125,279$10,342,620
97$14,828,015$5,680,039$4,202,547$11,190,862
98$16,277,625$5,895,513$4,280,484$12,119,166
99$17,873,114$6,119,565$4,359,052$13,135,489
100$19,629,302$6,352,554$4,438,211$14,248,589