Can I retire at age 80 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$305,543$302,821$300,166$297,574$295,043$288,028
2 years$151,259$148,442$145,711$143,064$140,497$133,470
3 years$99,837$97,008$94,285$91,663$89,137$82,318
4 years$74,132$71,311$68,615$66,038$63,573$57,015
5 years$58,713$55,909$53,248$50,723$48,327$42,048
6 years$48,436$45,654$43,033$40,564$38,240$32,246
7 years$41,099$38,340$35,760$33,350$31,099$25,391
8 years$35,599$32,864$30,328$27,976$25,800$20,376
9 years$31,323$28,614$26,121$23,830$21,727$16,583
10 years$27,904$25,222$22,773$20,541$18,513$13,642
11 years$25,109$22,454$20,049$17,877$15,921$11,318
12 years$22,781$20,153$17,793$15,681$13,797$9,453
13 years$20,813$18,213$15,897$13,844$12,031$7,938
14 years$19,128$16,555$14,283$12,289$10,547$6,695
15 years$17,668$15,123$12,896$10,960$9,286$5,668
16 years$16,392$13,875$11,692$9,813$8,207$4,813
17 years$15,268$12,779$10,639$8,817$7,277$4,097
18 years$14,269$11,808$9,712$7,946$6,470$3,495
19 years$13,377$10,944$8,891$7,180$5,767$2,987
20 years$12,575$10,169$8,160$6,503$5,151$2,557
21 years$11,850$9,472$7,506$5,902$4,610$2,191
22 years$11,192$8,842$6,917$5,366$4,132$1,880
23 years$10,593$8,270$6,387$4,887$3,709$1,614
24 years$10,044$7,748$5,907$4,457$3,334$1,387
25 years$9,539$7,271$5,471$4,070$3,000$1,193
26 years$9,074$6,834$5,074$3,722$2,702$1,026
27 years$8,645$6,431$4,712$3,407$2,436$884
28 years$8,246$6,060$4,380$3,121$2,198$761
29 years$7,876$5,717$4,076$2,862$1,985$656
30 years$7,532$5,399$3,797$2,627$1,794$565
31 years$7,210$5,104$3,540$2,413$1,622$487
32 years$6,909$4,830$3,303$2,217$1,467$420
33 years$6,626$4,574$3,084$2,039$1,328$362
34 years$6,361$4,335$2,881$1,876$1,202$313
35 years$6,112$4,111$2,694$1,727$1,089$270
36 years$5,876$3,902$2,520$1,590$986$233
37 years$5,655$3,706$2,359$1,465$894$201
38 years$5,445$3,522$2,209$1,351$810$173
39 years$5,247$3,349$2,069$1,245$735$150
40 years$5,058$3,187$1,940$1,149$667$129
41 years$4,880$3,033$1,819$1,060$605$111
42 years$4,711$2,889$1,706$978$549$96
43 years$4,550$2,753$1,601$903$498$83
44 years$4,396$2,624$1,503$834$452$72
45 years$4,250$2,502$1,411$770$410$62
46 years$4,111$2,387$1,325$711$373$53
47 years$3,978$2,278$1,245$657$338$46
48 years$3,850$2,174$1,170$607$307$40
49 years$3,729$2,076$1,100$561$279$34
50 years$3,612$1,984$1,034$519$253$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $3,700,000, adding $6,480 every year, while hoping to spend $42,162 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: 50/37/13 Blend
79$3,700,000$3,700,000$3,700,000$3,700,000
80$4,084,084$3,887,984$3,830,634$4,273,547
81$4,455,801$4,033,635$3,914,100$4,549,897
82$4,864,019$4,185,010$3,998,950$4,845,082
83$5,312,418$4,342,345$4,085,184$5,164,909
84$5,805,051$4,505,886$4,172,803$5,511,707
85$6,346,381$4,675,889$4,261,807$5,888,036
86$6,941,327$4,852,623$4,352,192$6,296,708
87$7,595,307$5,036,366$4,443,956$6,740,818
88$8,314,291$5,227,411$4,537,091$7,223,766
89$9,104,856$5,426,061$4,631,591$7,749,295
90$9,974,248$5,632,635$4,727,446$8,321,519
91$10,930,449$5,847,462$4,824,643$8,944,963
92$11,982,256$6,070,889$4,923,170$9,624,607
93$13,139,360$6,303,276$5,023,010$10,365,927
94$14,412,438$6,545,000$5,124,144$11,174,952
95$15,813,255$6,796,453$5,226,551$12,058,313
96$17,354,774$7,058,046$5,330,208$13,023,310
97$19,051,278$7,330,208$5,435,087$14,077,974
98$20,918,505$7,613,384$5,541,158$15,231,146
99$22,973,794$7,908,041$5,648,389$16,492,559
100$25,236,253$8,214,668$5,756,742$17,872,924