Can I retire at age 80 with 2,920,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$241,131$238,983$236,887$234,842$232,845$227,864
2 years$119,372$117,149$114,994$112,905$110,879$105,885
3 years$78,791$76,558$74,409$72,339$70,346$65,495
4 years$58,504$56,278$54,150$52,116$50,171$45,501
5 years$46,335$44,123$42,023$40,030$38,139$33,662
6 years$38,225$36,030$33,961$32,013$30,178$25,899
7 years$32,435$30,258$28,222$26,319$24,543$20,463
8 years$28,094$25,936$23,934$22,079$20,361$16,479
9 years$24,720$22,582$20,614$18,806$17,147$13,459
10 years$22,022$19,905$17,972$16,211$14,610$11,114
11 years$19,816$17,720$15,822$14,108$12,565$9,255
12 years$17,979$15,905$14,042$12,375$10,889$7,761
13 years$16,425$14,373$12,546$10,925$9,495$6,543
14 years$15,095$13,065$11,272$9,698$8,323$5,542
15 years$13,944$11,935$10,177$8,649$7,329$4,711
16 years$12,937$10,950$9,227$7,744$6,477$4,017
17 years$12,049$10,085$8,396$6,958$5,743$3,435
18 years$11,261$9,319$7,665$6,271$5,106$2,943
19 years$10,557$8,637$7,017$5,666$4,551$2,526
20 years$9,924$8,025$6,440$5,132$4,065$2,172
21 years$9,352$7,475$5,923$4,657$3,638$1,870
22 years$8,833$6,978$5,459$4,235$3,261$1,612
23 years$8,360$6,526$5,041$3,857$2,927$1,391
24 years$7,926$6,115$4,662$3,517$2,631$1,201
25 years$7,528$5,738$4,318$3,212$2,368$1,038
26 years$7,161$5,393$4,004$2,937$2,133$897
27 years$6,822$5,076$3,718$2,688$1,923$776
28 years$6,508$4,783$3,457$2,463$1,735$672
29 years$6,216$4,512$3,217$2,259$1,567$582
30 years$5,944$4,261$2,996$2,073$1,416$504
31 years$5,690$4,028$2,793$1,904$1,280$436
32 years$5,452$3,811$2,606$1,750$1,158$378
33 years$5,229$3,609$2,434$1,609$1,048$328
34 years$5,020$3,421$2,274$1,480$949$284
35 years$4,823$3,245$2,126$1,363$859$246
36 years$4,638$3,080$1,989$1,255$778$214
37 years$4,463$2,925$1,861$1,156$706$185
38 years$4,297$2,780$1,743$1,066$640$161
39 years$4,140$2,643$1,633$983$580$140
40 years$3,992$2,515$1,531$907$526$121
41 years$3,851$2,394$1,435$836$477$105
42 years$3,718$2,280$1,346$772$433$91
43 years$3,590$2,172$1,263$713$393$79
44 years$3,469$2,071$1,186$658$357$69
45 years$3,354$1,975$1,113$608$324$60
46 years$3,244$1,884$1,046$561$294$52
47 years$3,139$1,798$983$519$267$45
48 years$3,039$1,716$923$479$243$39
49 years$2,943$1,639$868$443$220$34
50 years$2,851$1,565$816$409$200$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,920,000, adding $5,359 every year, while hoping to spend $28,857 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: 49/25/26 Blend
79$2,920,000$2,920,000$2,920,000$2,920,000
80$3,223,368$3,068,608$3,023,348$3,357,308
81$3,521,448$3,188,266$3,093,926$3,571,181
82$3,848,965$3,312,820$3,165,902$3,800,107
83$4,208,891$3,442,480$3,239,291$4,048,255
84$4,604,500$3,577,464$3,314,110$4,317,453
85$5,039,400$3,718,001$3,390,374$4,609,714
86$5,517,565$3,864,329$3,468,098$4,927,251
87$6,043,373$4,016,698$3,547,296$5,272,497
88$6,621,649$4,175,368$3,627,982$5,648,130
89$7,257,707$4,340,611$3,710,169$6,057,093
90$7,957,404$4,512,712$3,793,871$6,502,628
91$8,727,191$4,691,966$3,879,097$6,988,299
92$9,574,178$4,878,686$3,965,860$7,518,030
93$10,506,197$5,073,194$4,054,169$8,096,138
94$11,531,879$5,275,830$4,144,034$8,727,373
95$12,660,733$5,486,948$4,235,461$9,416,968
96$13,903,236$5,706,918$4,328,458$10,170,677
97$15,270,936$5,936,126$4,423,030$10,994,839
98$16,776,551$6,174,976$4,519,182$11,896,429
99$18,434,101$6,423,892$4,616,917$12,883,130
100$20,259,031$6,683,314$4,716,235$13,963,397