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%18.8%
1 years$313,800$311,005$308,278$305,616$303,017$292,266
2 years$155,347$152,454$149,650$146,931$144,294$133,577
3 years$102,536$99,630$96,833$94,140$91,546$81,200
4 years$76,135$73,239$70,470$67,823$65,291$55,395
5 years$60,299$57,420$54,687$52,094$49,633$40,213
6 years$49,745$46,888$44,196$41,660$39,273$30,336
7 years$42,210$39,376$36,727$34,251$31,940$23,484
8 years$36,561$33,753$31,147$28,732$26,497$18,515
9 years$32,169$29,388$26,827$24,474$22,314$14,796
10 years$28,658$25,904$23,388$21,097$19,013$11,946
11 years$25,787$23,061$20,591$18,360$16,352$9,721
12 years$23,397$20,698$18,274$16,104$14,170$7,960
13 years$21,376$18,705$16,326$14,218$12,357$6,550
14 years$19,645$17,002$14,669$12,621$10,832$5,411
15 years$18,146$15,532$13,244$11,256$9,537$4,485
16 years$16,835$14,250$12,008$10,078$8,429$3,727
17 years$15,681$13,124$10,927$9,055$7,474$3,104
18 years$14,655$12,127$9,975$8,161$6,645$2,590
19 years$13,739$11,239$9,131$7,374$5,923$2,164
20 years$12,915$10,444$8,380$6,678$5,291$1,810
21 years$12,171$9,728$7,708$6,061$4,734$1,516
22 years$11,495$9,081$7,104$5,511$4,244$1,270
23 years$10,879$8,493$6,560$5,019$3,809$1,065
24 years$10,315$7,958$6,067$4,578$3,424$894
25 years$9,797$7,468$5,619$4,180$3,081$751
26 years$9,320$7,019$5,211$3,822$2,775$630
27 years$8,878$6,605$4,839$3,499$2,502$530
28 years$8,469$6,224$4,499$3,206$2,258$445
29 years$8,089$5,872$4,186$2,940$2,039$374
30 years$7,735$5,545$3,899$2,698$1,842$315
31 years$7,405$5,242$3,635$2,478$1,665$265
32 years$7,095$4,960$3,392$2,277$1,507$223
33 years$6,805$4,697$3,167$2,094$1,363$187
34 years$6,533$4,452$2,959$1,927$1,234$158
35 years$6,277$4,223$2,766$1,774$1,118$133
36 years$6,035$4,008$2,588$1,633$1,013$112
37 years$5,807$3,807$2,422$1,505$918$94
38 years$5,592$3,618$2,268$1,387$832$79
39 years$5,388$3,440$2,125$1,279$755$66
40 years$5,195$3,273$1,992$1,180$685$56
41 years$5,012$3,115$1,868$1,088$621$47
42 years$4,838$2,967$1,752$1,005$564$40
43 years$4,672$2,827$1,644$927$512$33
44 years$4,515$2,695$1,543$856$464$28
45 years$4,365$2,570$1,449$791$421$24
46 years$4,222$2,451$1,361$730$383$20
47 years$4,085$2,339$1,279$675$348$17
48 years$3,954$2,233$1,202$624$316$14
49 years$3,830$2,133$1,129$576$287$12
50 years$3,710$2,037$1,062$533$260$10

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 $3,055 every year, while hoping to spend $50,206 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: 54/37/9 Blend
79$3,800,000$3,800,000$3,800,000$3,800,000
80$4,190,751$3,989,351$3,930,451$4,407,570
81$4,564,789$4,131,411$4,008,703$4,696,880
82$4,975,296$4,278,748$4,087,893$5,005,845
83$5,425,939$4,431,570$4,168,000$5,340,912
84$5,920,757$4,590,089$4,249,000$5,704,565
85$6,464,200$4,754,529$4,330,867$6,099,537
86$7,061,169$4,925,122$4,413,572$6,528,831
87$7,717,064$5,102,109$4,497,083$6,995,753
88$8,437,834$5,285,741$4,581,364$7,503,936
89$9,230,031$5,476,280$4,666,378$8,057,377
90$10,100,876$5,674,000$4,752,083$8,660,477
91$11,058,323$5,879,183$4,838,435$9,318,074
92$12,111,134$6,092,126$4,925,386$10,035,493
93$13,268,966$6,313,136$5,012,882$10,818,595
94$14,542,455$6,542,534$5,100,868$11,673,829
95$15,943,322$6,780,654$5,189,283$12,608,294
96$17,484,479$7,027,845$5,278,063$13,629,804
97$19,180,155$7,284,469$5,367,137$14,746,960
98$21,046,026$7,550,903$5,456,431$15,969,230
99$23,099,365$7,827,541$5,545,866$17,307,039
100$25,359,204$8,114,795$5,635,356$18,771,863