Can I retire at age 80 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$355,090$351,927$348,841$345,829$342,888$338,884
2 years$175,787$172,513$169,340$166,264$163,280$159,250
3 years$116,027$112,739$109,574$106,527$103,592$99,661
4 years$86,153$82,875$79,742$76,747$73,882$70,081
5 years$68,234$64,975$61,883$58,949$56,164$52,503
6 years$56,291$53,057$50,011$47,142$44,441$40,924
7 years$47,764$44,557$41,559$38,758$36,142$32,772
8 years$41,371$38,194$35,245$32,513$29,984$26,759
9 years$36,402$33,255$30,357$27,694$25,250$22,171
10 years$32,429$29,312$26,466$23,872$21,515$18,577
11 years$29,181$26,095$23,300$20,776$18,503$15,706
12 years$26,475$23,422$20,678$18,223$16,035$13,374
13 years$24,188$21,166$18,475$16,089$13,982$11,456
14 years$22,229$19,239$16,600$14,282$12,257$9,860
15 years$20,533$17,576$14,987$12,737$10,792$8,522
16 years$19,051$16,125$13,588$11,404$9,538$7,390
17 years$17,744$14,851$12,365$10,247$8,457$6,427
18 years$16,583$13,723$11,287$9,234$7,520$5,604
19 years$15,546$12,718$10,333$8,344$6,702$4,896
20 years$14,614$11,818$9,483$7,557$5,987$4,285
21 years$13,772$11,008$8,723$6,859$5,357$3,757
22 years$13,007$10,276$8,039$6,236$4,802$3,298
23 years$12,310$9,611$7,423$5,679$4,311$2,899
24 years$11,672$9,005$6,865$5,180$3,875$2,551
25 years$11,086$8,450$6,358$4,731$3,487$2,246
26 years$10,546$7,942$5,897$4,325$3,141$1,980
27 years$10,047$7,474$5,476$3,959$2,831$1,746
28 years$9,584$7,043$5,090$3,627$2,555$1,541
29 years$9,154$6,644$4,737$3,326$2,307$1,361
30 years$8,753$6,275$4,412$3,053$2,085$1,202
31 years$8,379$5,932$4,114$2,804$1,885$1,062
32 years$8,029$5,613$3,838$2,577$1,705$939
33 years$7,701$5,315$3,584$2,369$1,543$830
34 years$7,393$5,038$3,348$2,180$1,397$735
35 years$7,103$4,778$3,130$2,007$1,265$650
36 years$6,829$4,535$2,928$1,848$1,146$575
37 years$6,572$4,307$2,741$1,703$1,039$509
38 years$6,328$4,094$2,567$1,570$942$451
39 years$6,097$3,893$2,405$1,447$854$399
40 years$5,879$3,704$2,254$1,335$775$354
41 years$5,671$3,525$2,114$1,232$703$313
42 years$5,475$3,357$1,983$1,137$638$277
43 years$5,287$3,199$1,860$1,049$579$246
44 years$5,109$3,049$1,746$969$525$218
45 years$4,939$2,908$1,640$895$477$193
46 years$4,777$2,774$1,540$826$433$171
47 years$4,623$2,647$1,447$764$393$151
48 years$4,475$2,527$1,360$706$357$134
49 years$4,334$2,413$1,278$652$324$119
50 years$4,198$2,305$1,202$603$295$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,300,000, adding $6,572 every year, while hoping to spend $50,170 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: 52/23/25 Blend
79$4,300,000$4,300,000$4,300,000$4,300,000
80$4,745,379$4,517,479$4,450,829$4,958,714
81$5,176,027$4,685,455$4,546,551$5,275,125
82$5,648,920$4,859,980$4,643,799$5,613,468
83$6,168,313$5,041,323$4,742,570$5,980,500
84$6,738,896$5,229,762$4,842,860$6,378,974
85$7,365,832$5,425,590$4,944,665$6,811,919
86$8,054,813$5,629,109$5,047,977$7,282,667
87$8,812,105$5,840,637$5,152,786$7,794,884
88$9,644,617$6,060,505$5,259,081$8,352,605
89$10,559,955$6,289,057$5,366,847$8,960,269
90$11,566,503$6,526,653$5,476,069$9,622,763
91$12,673,495$6,773,669$5,586,727$10,345,464
92$13,891,109$7,030,495$5,698,799$11,134,293
93$15,230,553$7,297,541$5,812,260$11,995,766
94$16,704,181$7,575,232$5,927,083$12,937,057
95$18,325,603$7,864,014$6,043,235$13,966,065
96$20,109,814$8,164,350$6,160,683$15,091,485
97$22,073,337$8,476,725$6,279,388$16,322,894
98$24,234,378$8,801,645$6,399,308$17,670,836
99$26,612,996$9,139,637$6,520,396$19,146,919
100$29,231,294$9,491,252$6,642,602$20,763,932