Can I retire at age 80 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$330,316$327,374$324,503$321,702$318,966$310,625
2 years$163,523$160,477$157,526$154,664$151,888$143,542
3 years$107,932$104,874$101,930$99,095$96,364$88,273
4 years$80,143$77,093$74,179$71,392$68,728$60,955
5 years$63,473$60,442$57,566$54,836$52,246$44,812
6 years$52,364$49,356$46,522$43,853$41,340$34,253
7 years$44,431$41,449$38,660$36,054$33,621$26,880
8 years$38,485$35,529$32,787$30,245$27,892$21,495
9 years$33,863$30,935$28,239$25,762$23,489$17,430
10 years$30,167$27,267$24,619$22,207$20,014$14,286
11 years$27,145$24,274$21,675$19,327$17,212$11,807
12 years$24,628$21,787$19,236$16,952$14,916$9,822
13 years$22,501$19,689$17,186$14,966$13,007$8,215
14 years$20,678$17,897$15,441$13,285$11,402$6,901
15 years$19,101$16,349$13,942$11,848$10,039$5,818
16 years$17,722$15,000$12,640$10,609$8,873$4,919
17 years$16,506$13,815$11,502$9,532$7,867$4,169
18 years$15,426$12,765$10,500$8,590$6,995$3,541
19 years$14,462$11,831$9,612$7,762$6,235$3,012
20 years$13,595$10,994$8,821$7,030$5,569$2,567
21 years$12,811$10,240$8,114$6,380$4,984$2,189
22 years$12,100$9,559$7,478$5,801$4,467$1,870
23 years$11,451$8,940$6,905$5,283$4,010$1,598
24 years$10,858$8,376$6,386$4,818$3,604$1,367
25 years$10,313$7,861$5,915$4,400$3,243$1,170
26 years$9,810$7,388$5,486$4,024$2,921$1,002
27 years$9,346$6,953$5,094$3,683$2,634$858
28 years$8,915$6,552$4,735$3,374$2,377$736
29 years$8,515$6,181$4,407$3,094$2,146$631
30 years$8,142$5,837$4,105$2,840$1,939$541
31 years$7,794$5,518$3,827$2,608$1,753$464
32 years$7,469$5,221$3,570$2,397$1,586$398
33 years$7,163$4,945$3,334$2,204$1,435$342
34 years$6,877$4,686$3,115$2,028$1,299$293
35 years$6,607$4,445$2,912$1,867$1,177$252
36 years$6,353$4,219$2,724$1,719$1,066$216
37 years$6,113$4,007$2,550$1,584$966$186
38 years$5,886$3,808$2,388$1,460$876$159
39 years$5,672$3,621$2,237$1,346$795$137
40 years$5,469$3,445$2,097$1,242$721$117
41 years$5,276$3,279$1,966$1,146$654$101
42 years$5,093$3,123$1,844$1,057$593$87
43 years$4,918$2,976$1,731$976$538$74
44 years$4,753$2,837$1,624$901$489$64
45 years$4,595$2,705$1,525$832$444$55
46 years$4,444$2,580$1,433$769$403$47
47 years$4,300$2,462$1,346$710$366$41
48 years$4,163$2,351$1,265$656$332$35
49 years$4,031$2,245$1,189$607$302$30
50 years$3,905$2,144$1,118$561$274$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,000,000, adding $6,808 every year, while hoping to spend $20,689 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: 41/39/20 Blend
79$4,000,000$4,000,000$4,000,000$4,000,000
80$4,415,022$4,203,022$4,141,022$4,569,768
81$4,843,342$4,386,958$4,257,734$4,864,629
82$5,314,656$4,579,212$4,377,662$5,181,068
83$5,833,330$4,780,172$4,500,892$5,523,149
84$6,404,170$4,990,241$4,627,512$5,893,230
85$7,032,475$5,209,842$4,757,613$6,293,895
86$7,724,082$5,439,419$4,891,288$6,727,983
87$8,485,423$5,679,436$5,028,631$7,198,609
88$9,323,586$5,930,378$5,169,740$7,709,194
89$10,246,380$6,192,754$5,314,714$8,263,497
90$11,262,410$6,467,099$5,463,657$8,865,643
91$12,381,159$6,753,970$5,616,672$9,520,168
92$13,613,074$7,053,951$5,773,868$10,232,054
93$14,969,670$7,367,657$5,935,354$11,006,776
94$16,463,632$7,695,728$6,101,244$11,850,353
95$18,108,940$8,038,837$6,271,654$12,769,399
96$19,921,000$8,397,687$6,446,702$13,771,188
97$21,916,786$8,773,018$6,626,510$14,863,716
98$24,115,002$9,165,600$6,811,203$16,055,777
99$26,536,262$9,576,244$7,000,908$17,357,041
100$29,203,279$10,005,798$7,195,757$18,778,144