Can I retire at age 80 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$338,574$335,558$332,616$329,744$326,940$322,453
2 years$167,611$164,489$161,464$158,531$155,686$151,174
3 years$110,631$107,496$104,478$101,572$98,773$94,376
4 years$82,146$79,021$76,033$73,177$70,446$66,197
5 years$65,060$61,953$59,005$56,207$53,552$49,464
6 years$53,673$50,589$47,685$44,949$42,374$38,451
7 years$45,542$42,485$39,626$36,955$34,461$30,706
8 years$39,447$36,417$33,606$31,001$28,589$25,000
9 years$34,709$31,708$28,945$26,406$24,076$20,652
10 years$30,921$27,949$25,235$22,762$20,514$17,253
11 years$27,823$24,881$22,216$19,810$17,643$14,541
12 years$25,244$22,332$19,716$17,376$15,289$12,343
13 years$23,063$20,182$17,615$15,340$13,332$10,538
14 years$21,195$18,345$15,827$13,617$11,687$9,040
15 years$19,578$16,758$14,290$12,144$10,290$7,786
16 years$18,165$15,375$12,956$10,874$9,094$6,729
17 years$16,918$14,160$11,790$9,770$8,064$5,831
18 years$15,812$13,085$10,762$8,805$7,170$5,066
19 years$14,823$12,127$9,852$7,956$6,391$4,410
20 years$13,935$11,269$9,042$7,206$5,708$3,846
21 years$13,132$10,496$8,317$6,540$5,108$3,359
22 years$12,402$9,798$7,665$5,946$4,579$2,938
23 years$11,738$9,164$7,078$5,415$4,110$2,572
24 years$11,129$8,586$6,546$4,939$3,694$2,255
25 years$10,570$8,057$6,062$4,510$3,324$1,978
26 years$10,055$7,573$5,623$4,124$2,994$1,736
27 years$9,579$7,127$5,221$3,775$2,700$1,525
28 years$9,138$6,716$4,854$3,459$2,436$1,340
29 years$8,728$6,335$4,517$3,172$2,200$1,179
30 years$8,346$5,983$4,207$2,911$1,988$1,037
31 years$7,989$5,656$3,922$2,673$1,797$913
32 years$7,655$5,352$3,660$2,457$1,625$804
33 years$7,342$5,068$3,417$2,259$1,471$708
34 years$7,049$4,803$3,193$2,079$1,332$623
35 years$6,772$4,556$2,985$1,914$1,206$549
36 years$6,512$4,324$2,792$1,762$1,093$484
37 years$6,266$4,107$2,614$1,624$991$427
38 years$6,034$3,903$2,447$1,497$898$376
39 years$5,814$3,712$2,293$1,380$814$332
40 years$5,605$3,531$2,149$1,273$739$292
41 years$5,408$3,361$2,015$1,174$670$258
42 years$5,220$3,201$1,890$1,084$608$227
43 years$5,041$3,050$1,774$1,000$552$201
44 years$4,871$2,907$1,665$924$501$177
45 years$4,709$2,773$1,563$853$455$156
46 years$4,555$2,645$1,468$788$413$138
47 years$4,408$2,524$1,380$728$375$122
48 years$4,267$2,410$1,296$673$341$107
49 years$4,132$2,301$1,219$622$309$95
50 years$4,003$2,198$1,146$575$281$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,100,000, adding $5,618 every year, while hoping to spend $54,695 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: 69/26/5 Blend
79$4,100,000$4,100,000$4,100,000$4,100,000
80$4,523,995$4,306,695$4,243,145$4,833,336
81$4,927,247$4,459,528$4,327,095$5,191,409
82$5,369,798$4,618,017$4,412,025$5,575,687
83$5,855,599$4,782,380$4,497,908$5,994,506
84$6,389,000$4,952,847$4,584,719$6,451,239
85$6,974,797$5,129,656$4,672,426$6,949,592
86$7,618,270$5,313,052$4,760,995$7,493,648
87$8,325,236$5,503,294$4,850,391$8,087,899
88$9,102,104$5,700,650$4,940,574$8,737,289
89$9,955,936$5,905,399$5,031,500$9,447,260
90$10,894,509$6,117,831$5,123,123$10,223,805
91$11,926,393$6,338,249$5,215,392$11,073,519
92$13,061,030$6,566,968$5,308,252$12,003,666
93$14,308,821$6,804,315$5,401,644$13,022,240
94$15,681,227$7,050,633$5,495,506$14,138,047
95$17,190,875$7,306,277$5,589,768$15,360,781
96$18,851,678$7,571,618$5,684,359$16,701,119
97$20,678,963$7,847,041$5,779,199$18,170,817
98$22,689,620$8,132,950$5,874,205$19,782,824
99$24,902,259$8,429,762$5,969,288$21,551,400
100$27,337,383$8,737,914$6,064,353$23,492,249