Can I retire at age 80 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$313,800$311,005$308,278$305,616$303,017$300,982
2 years$155,347$152,454$149,650$146,931$144,294$142,241
3 years$102,536$99,630$96,833$94,140$91,546$89,539
4 years$76,135$73,239$70,470$67,823$65,291$63,346
5 years$60,299$57,420$54,687$52,094$49,633$47,756
6 years$49,745$46,888$44,196$41,660$39,273$37,465
7 years$42,210$39,376$36,727$34,251$31,940$30,202
8 years$36,561$33,753$31,147$28,732$26,497$24,830
9 years$32,169$29,388$26,827$24,474$22,314$20,718
10 years$28,658$25,904$23,388$21,097$19,013$17,486
11 years$25,787$23,061$20,591$18,360$16,352$14,893
12 years$23,397$20,698$18,274$16,104$14,170$12,778
13 years$21,376$18,705$16,326$14,218$12,357$11,031
14 years$19,645$17,002$14,669$12,621$10,832$9,570
15 years$18,146$15,532$13,244$11,256$9,537$8,338
16 years$16,835$14,250$12,008$10,078$8,429$7,290
17 years$15,681$13,124$10,927$9,055$7,474$6,393
18 years$14,655$12,127$9,975$8,161$6,645$5,622
19 years$13,739$11,239$9,131$7,374$5,923$4,955
20 years$12,915$10,444$8,380$6,678$5,291$4,375
21 years$12,171$9,728$7,708$6,061$4,734$3,870
22 years$11,495$9,081$7,104$5,511$4,244$3,428
23 years$10,879$8,493$6,560$5,019$3,809$3,041
24 years$10,315$7,958$6,067$4,578$3,424$2,700
25 years$9,797$7,468$5,619$4,180$3,081$2,400
26 years$9,320$7,019$5,211$3,822$2,775$2,136
27 years$8,878$6,605$4,839$3,499$2,502$1,901
28 years$8,469$6,224$4,499$3,206$2,258$1,694
29 years$8,089$5,872$4,186$2,940$2,039$1,511
30 years$7,735$5,545$3,899$2,698$1,842$1,347
31 years$7,405$5,242$3,635$2,478$1,665$1,203
32 years$7,095$4,960$3,392$2,277$1,507$1,074
33 years$6,805$4,697$3,167$2,094$1,363$959
34 years$6,533$4,452$2,959$1,927$1,234$857
35 years$6,277$4,223$2,766$1,774$1,118$766
36 years$6,035$4,008$2,588$1,633$1,013$685
37 years$5,807$3,807$2,422$1,505$918$612
38 years$5,592$3,618$2,268$1,387$832$548
39 years$5,388$3,440$2,125$1,279$755$490
40 years$5,195$3,273$1,992$1,180$685$438
41 years$5,012$3,115$1,868$1,088$621$392
42 years$4,838$2,967$1,752$1,005$564$351
43 years$4,672$2,827$1,644$927$512$314
44 years$4,515$2,695$1,543$856$464$281
45 years$4,365$2,570$1,449$791$421$252
46 years$4,222$2,451$1,361$730$383$226
47 years$4,085$2,339$1,279$675$348$202
48 years$3,954$2,233$1,202$624$316$181
49 years$3,830$2,133$1,129$576$287$162
50 years$3,710$2,037$1,062$533$260$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $3,800,000, adding $6,224 every year, while hoping to spend $23,453 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: 46/37/17 Blend
79$3,800,000$3,800,000$3,800,000$3,800,000
80$4,194,020$3,992,620$3,933,720$4,366,369
81$4,596,856$4,163,305$4,040,546$4,657,811
82$5,039,996$4,341,567$4,150,164$4,970,951
83$5,527,525$4,527,753$4,262,644$5,310,173
84$6,063,945$4,722,226$4,378,056$5,677,913
85$6,654,218$4,925,365$4,496,471$6,076,844
86$7,303,809$5,137,568$4,617,963$6,509,906
87$8,018,740$5,359,252$4,742,607$6,980,325
88$8,805,647$5,590,851$4,870,480$7,491,648
89$9,671,842$5,832,822$5,001,661$8,047,772
90$10,625,381$6,085,642$5,136,228$8,652,982
91$11,675,143$6,349,811$5,274,264$9,311,985
92$12,830,908$6,625,852$5,415,853$10,029,957
93$14,103,456$6,914,314$5,561,079$10,812,592
94$15,504,663$7,215,770$5,710,030$11,666,146
95$17,047,617$7,530,821$5,862,794$12,597,504
96$18,746,739$7,860,096$6,019,462$13,614,236
97$20,617,919$8,204,254$6,180,127$14,724,670
98$22,678,669$8,563,984$6,344,884$15,937,965
99$24,948,283$8,940,010$6,513,828$17,264,202
100$27,448,025$9,333,087$6,687,058$18,714,469