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%
1 years$313,800$311,005$308,278$305,616$303,017$301,741
2 years$155,347$152,454$149,650$146,931$144,294$143,005
3 years$102,536$99,630$96,833$94,140$91,546$90,285
4 years$76,135$73,239$70,470$67,823$65,291$64,067
5 years$60,299$57,420$54,687$52,094$49,633$48,451
6 years$49,745$46,888$44,196$41,660$39,273$38,133
7 years$42,210$39,376$36,727$34,251$31,940$30,842
8 years$36,561$33,753$31,147$28,732$26,497$25,443
9 years$32,169$29,388$26,827$24,474$22,314$21,303
10 years$28,658$25,904$23,388$21,097$19,013$18,045
11 years$25,787$23,061$20,591$18,360$16,352$15,425
12 years$23,397$20,698$18,274$16,104$14,170$13,285
13 years$21,376$18,705$16,326$14,218$12,357$11,512
14 years$19,645$17,002$14,669$12,621$10,832$10,026
15 years$18,146$15,532$13,244$11,256$9,537$8,770
16 years$16,835$14,250$12,008$10,078$8,429$7,699
17 years$15,681$13,124$10,927$9,055$7,474$6,781
18 years$14,655$12,127$9,975$8,161$6,645$5,987
19 years$13,739$11,239$9,131$7,374$5,923$5,299
20 years$12,915$10,444$8,380$6,678$5,291$4,700
21 years$12,171$9,728$7,708$6,061$4,734$4,175
22 years$11,495$9,081$7,104$5,511$4,244$3,715
23 years$10,879$8,493$6,560$5,019$3,809$3,310
24 years$10,315$7,958$6,067$4,578$3,424$2,953
25 years$9,797$7,468$5,619$4,180$3,081$2,637
26 years$9,320$7,019$5,211$3,822$2,775$2,357
27 years$8,878$6,605$4,839$3,499$2,502$2,109
28 years$8,469$6,224$4,499$3,206$2,258$1,888
29 years$8,089$5,872$4,186$2,940$2,039$1,691
30 years$7,735$5,545$3,899$2,698$1,842$1,516
31 years$7,405$5,242$3,635$2,478$1,665$1,360
32 years$7,095$4,960$3,392$2,277$1,507$1,220
33 years$6,805$4,697$3,167$2,094$1,363$1,095
34 years$6,533$4,452$2,959$1,927$1,234$983
35 years$6,277$4,223$2,766$1,774$1,118$883
36 years$6,035$4,008$2,588$1,633$1,013$794
37 years$5,807$3,807$2,422$1,505$918$713
38 years$5,592$3,618$2,268$1,387$832$641
39 years$5,388$3,440$2,125$1,279$755$577
40 years$5,195$3,273$1,992$1,180$685$519
41 years$5,012$3,115$1,868$1,088$621$466
42 years$4,838$2,967$1,752$1,005$564$420
43 years$4,672$2,827$1,644$927$512$378
44 years$4,515$2,695$1,543$856$464$340
45 years$4,365$2,570$1,449$791$421$306
46 years$4,222$2,451$1,361$730$383$275
47 years$4,085$2,339$1,279$675$348$248
48 years$3,954$2,233$1,202$624$316$223
49 years$3,830$2,133$1,129$576$287$201
50 years$3,710$2,037$1,062$533$260$181

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 $6,706 every year, while hoping to spend $30,826 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: 53/31/16 Blend
79$3,800,000$3,800,000$3,800,000$3,800,000
80$4,194,517$3,993,117$3,934,217$4,398,418
81$4,589,559$4,155,981$4,033,215$4,701,441
82$5,023,863$4,325,793$4,134,496$5,027,146
83$5,501,399$4,502,859$4,238,104$5,380,848
84$6,026,545$4,687,502$4,344,084$5,765,216
85$6,604,122$4,880,059$4,452,480$6,183,182
86$7,239,442$5,080,882$4,563,338$6,637,972
87$7,938,359$5,290,338$4,676,703$7,133,130
88$8,707,320$5,508,814$4,792,621$7,672,557
89$9,553,432$5,736,711$4,911,139$8,260,541
90$10,484,523$5,974,451$5,032,303$8,901,799
91$11,509,219$6,222,474$5,156,161$9,601,521
92$12,637,026$6,481,242$5,282,758$10,365,416
93$13,878,416$6,751,236$5,412,144$11,199,765
94$15,244,929$7,032,961$5,544,365$12,111,480
95$16,749,280$7,326,944$5,679,469$13,108,168
96$18,405,479$7,633,737$5,817,505$14,198,198
97$20,228,966$7,953,918$5,958,519$15,390,785
98$22,236,752$8,288,091$6,102,560$16,696,067
99$24,447,581$8,636,888$6,249,677$18,125,207
100$26,882,109$9,000,971$6,399,916$19,690,492