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

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$241,131$238,983$236,887$234,842$232,845$229,745
2 years$119,372$117,149$114,994$112,905$110,879$107,760
3 years$78,791$76,558$74,409$72,339$70,346$67,306
4 years$58,504$56,278$54,150$52,116$50,171$47,234
5 years$46,335$44,123$42,023$40,030$38,139$35,313
6 years$38,225$36,030$33,961$32,013$30,178$27,466
7 years$32,435$30,258$28,222$26,319$24,543$21,945
8 years$28,094$25,936$23,934$22,079$20,361$17,878
9 years$24,720$22,582$20,614$18,806$17,147$14,777
10 years$22,022$19,905$17,972$16,211$14,610$12,352
11 years$19,816$17,720$15,822$14,108$12,565$10,417
12 years$17,979$15,905$14,042$12,375$10,889$8,848
13 years$16,425$14,373$12,546$10,925$9,495$7,559
14 years$15,095$13,065$11,272$9,698$8,323$6,489
15 years$13,944$11,935$10,177$8,649$7,329$5,593
16 years$12,937$10,950$9,227$7,744$6,477$4,837
17 years$12,049$10,085$8,396$6,958$5,743$4,195
18 years$11,261$9,319$7,665$6,271$5,106$3,647
19 years$10,557$8,637$7,017$5,666$4,551$3,177
20 years$9,924$8,025$6,440$5,132$4,065$2,773
21 years$9,352$7,475$5,923$4,657$3,638$2,423
22 years$8,833$6,978$5,459$4,235$3,261$2,121
23 years$8,360$6,526$5,041$3,857$2,927$1,859
24 years$7,926$6,115$4,662$3,517$2,631$1,630
25 years$7,528$5,738$4,318$3,212$2,368$1,431
26 years$7,161$5,393$4,004$2,937$2,133$1,257
27 years$6,822$5,076$3,718$2,688$1,923$1,105
28 years$6,508$4,783$3,457$2,463$1,735$972
29 years$6,216$4,512$3,217$2,259$1,567$856
30 years$5,944$4,261$2,996$2,073$1,416$754
31 years$5,690$4,028$2,793$1,904$1,280$664
32 years$5,452$3,811$2,606$1,750$1,158$585
33 years$5,229$3,609$2,434$1,609$1,048$515
34 years$5,020$3,421$2,274$1,480$949$454
35 years$4,823$3,245$2,126$1,363$859$401
36 years$4,638$3,080$1,989$1,255$778$353
37 years$4,463$2,925$1,861$1,156$706$312
38 years$4,297$2,780$1,743$1,066$640$275
39 years$4,140$2,643$1,633$983$580$243
40 years$3,992$2,515$1,531$907$526$214
41 years$3,851$2,394$1,435$836$477$189
42 years$3,718$2,280$1,346$772$433$167
43 years$3,590$2,172$1,263$713$393$147
44 years$3,469$2,071$1,186$658$357$130
45 years$3,354$1,975$1,113$608$324$115
46 years$3,244$1,884$1,046$561$294$101
47 years$3,139$1,798$983$519$267$90
48 years$3,039$1,716$923$479$243$79
49 years$2,943$1,639$868$443$220$70
50 years$2,851$1,565$816$409$200$62

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 $2,935 every year, while hoping to spend $49,248 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: 43/38/19 Blend
79$2,920,000$2,920,000$2,920,000$2,920,000
80$3,220,867$3,066,107$3,020,847$3,341,432
81$3,496,996$3,163,947$3,069,646$3,524,678
82$3,799,640$3,264,931$3,118,429$3,718,036
83$4,131,451$3,369,160$3,167,144$3,926,498
84$4,495,350$3,476,739$3,215,735$4,151,481
85$4,894,555$3,587,779$3,264,141$4,394,541
86$5,332,611$3,702,392$3,312,301$4,657,391
87$5,813,421$3,820,692$3,360,147$4,941,912
88$6,341,285$3,942,802$3,407,607$5,250,178
89$6,920,940$4,068,843$3,454,607$5,584,466
90$7,557,606$4,198,946$3,501,065$5,947,286
91$8,257,029$4,333,242$3,546,898$6,341,398
92$9,025,542$4,471,867$3,592,015$6,769,839
93$9,870,122$4,614,963$3,636,323$7,235,953
94$10,798,454$4,762,676$3,679,719$7,743,420
95$11,819,006$4,915,157$3,722,100$8,296,293
96$12,941,107$5,072,561$3,763,352$8,899,032
97$14,175,033$5,235,050$3,803,357$9,556,548
98$15,532,109$5,402,790$3,841,992$10,274,250
99$17,024,809$5,575,952$3,879,125$11,058,091
100$18,666,881$5,754,715$3,914,617$11,914,630