Can I retire at age 80 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$264,253$261,899$259,603$257,361$255,172$252,193
2 years$130,818$128,382$126,021$123,731$121,511$118,512
3 years$86,346$83,899$81,544$79,276$77,091$74,166
4 years$64,114$61,675$59,343$57,114$54,982$52,153
5 years$50,778$48,354$46,053$43,869$41,797$39,072
6 years$41,891$39,484$37,217$35,082$33,072$30,455
7 years$35,545$33,159$30,928$28,843$26,897$24,388
8 years$30,788$28,423$26,229$24,196$22,313$19,914
9 years$27,090$24,748$22,591$20,609$18,791$16,499
10 years$24,133$21,814$19,696$17,766$16,011$13,825
11 years$21,716$19,420$17,340$15,461$13,770$11,688
12 years$19,703$17,430$15,388$13,562$11,933$9,953
13 years$18,000$15,752$13,749$11,973$10,406$8,525
14 years$16,543$14,318$12,353$10,628$9,121$7,338
15 years$15,281$13,080$11,153$9,478$8,031$6,342
16 years$14,177$12,000$10,112$8,487$7,098$5,499
17 years$13,205$11,052$9,202$7,625$6,294$4,783
18 years$12,341$10,212$8,400$6,872$5,596$4,170
19 years$11,569$9,465$7,690$6,210$4,988$3,643
20 years$10,876$8,795$7,057$5,624$4,455$3,189
21 years$10,249$8,192$6,491$5,104$3,987$2,796
22 years$9,680$7,647$5,983$4,641$3,574$2,455
23 years$9,161$7,152$5,524$4,226$3,208$2,157
24 years$8,686$6,701$5,109$3,855$2,883$1,898
25 years$8,250$6,289$4,732$3,520$2,595$1,672
26 years$7,848$5,910$4,388$3,219$2,337$1,473
27 years$7,477$5,562$4,075$2,946$2,107$1,299
28 years$7,132$5,241$3,788$2,699$1,901$1,147
29 years$6,812$4,945$3,525$2,475$1,717$1,012
30 years$6,514$4,670$3,284$2,272$1,551$894
31 years$6,235$4,414$3,061$2,087$1,402$790
32 years$5,975$4,177$2,856$1,918$1,269$699
33 years$5,731$3,956$2,667$1,763$1,148$618
34 years$5,501$3,749$2,492$1,622$1,039$547
35 years$5,286$3,556$2,330$1,494$942$484
36 years$5,082$3,375$2,179$1,376$853$428
37 years$4,890$3,206$2,040$1,267$773$379
38 years$4,709$3,046$1,910$1,168$701$335
39 years$4,538$2,897$1,790$1,077$636$297
40 years$4,375$2,756$1,677$993$577$263
41 years$4,221$2,624$1,573$917$523$233
42 years$4,074$2,499$1,475$846$475$206
43 years$3,935$2,381$1,384$781$431$183
44 years$3,802$2,269$1,300$721$391$162
45 years$3,676$2,164$1,220$666$355$144
46 years$3,555$2,064$1,146$615$322$127
47 years$3,440$1,970$1,077$568$293$113
48 years$3,330$1,881$1,012$525$266$100
49 years$3,225$1,796$951$485$241$89
50 years$3,124$1,715$894$449$219$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $3,200,000, adding $4,482 every year, while hoping to spend $25,058 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: 36/45/19 Blend
79$3,200,000$3,200,000$3,200,000$3,200,000
80$3,531,023$3,361,423$3,311,823$3,637,612
81$3,864,526$3,499,471$3,396,108$3,853,674
82$4,231,206$3,643,444$3,482,376$4,084,100
83$4,634,422$3,793,605$3,570,668$4,332,341
84$5,077,872$3,950,231$3,661,024$4,600,003
85$5,565,631$4,113,609$3,753,485$4,888,846
86$6,102,192$4,284,042$3,848,093$5,200,803
87$6,692,501$4,461,846$3,944,890$5,537,994
88$7,342,010$4,647,350$4,043,918$5,902,746
89$8,056,726$4,840,901$4,145,220$6,297,613
90$8,843,266$5,042,859$4,248,839$6,725,401
91$9,708,923$5,253,603$4,354,819$7,189,189
92$10,661,732$5,473,528$4,463,204$7,692,361
93$11,710,546$5,703,049$4,574,039$8,238,633
94$12,865,121$5,942,597$4,687,368$8,832,088
95$14,136,205$6,192,626$4,803,237$9,477,213
96$15,535,644$6,453,610$4,921,691$10,178,940
97$17,076,487$6,726,046$5,042,775$10,942,691
98$18,773,118$7,010,451$5,166,537$11,774,424
99$20,641,382$7,307,369$5,293,022$12,680,691
100$22,698,741$7,617,368$5,422,276$13,668,699