Can I retire at age 80 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$363,348$360,111$356,954$353,872$350,862$345,762
2 years$179,875$176,525$173,278$170,131$167,077$161,949
3 years$118,726$115,361$112,123$109,004$106,001$101,005
4 years$88,157$84,803$81,597$78,531$75,601$70,775
5 years$69,820$66,486$63,322$60,320$57,470$52,829
6 years$57,600$54,291$51,174$48,238$45,474$41,023
7 years$48,875$45,594$42,526$39,659$36,983$32,723
8 years$42,334$39,082$36,065$33,269$30,681$26,612
9 years$37,249$34,028$31,063$28,338$25,838$21,958
10 years$33,183$29,994$27,081$24,428$22,015$18,321
11 years$29,859$26,702$23,842$21,259$18,934$15,422
12 years$27,091$23,966$21,159$18,647$16,407$13,074
13 years$24,751$21,658$18,904$16,463$14,308$11,147
14 years$22,746$19,687$16,986$14,614$12,542$9,550
15 years$21,011$17,984$15,336$13,033$11,043$8,214
16 years$19,494$16,500$13,904$11,670$9,760$7,089
17 years$18,156$15,196$12,652$10,485$8,654$6,135
18 years$16,969$14,042$11,550$9,449$7,694$5,322
19 years$15,908$13,014$10,573$8,538$6,858$4,626
20 years$14,954$12,093$9,704$7,733$6,126$4,029
21 years$14,092$11,264$8,925$7,018$5,482$3,513
22 years$13,310$10,515$8,226$6,381$4,914$3,068
23 years$12,597$9,834$7,595$5,811$4,411$2,682
24 years$11,944$9,214$7,024$5,300$3,965$2,347
25 years$11,344$8,647$6,506$4,841$3,568$2,056
26 years$10,791$8,127$6,034$4,426$3,214$1,802
27 years$10,280$7,648$5,603$4,051$2,897$1,580
28 years$9,807$7,207$5,209$3,712$2,614$1,387
29 years$9,367$6,799$4,847$3,404$2,361$1,217
30 years$8,956$6,421$4,515$3,124$2,133$1,069
31 years$8,574$6,070$4,209$2,869$1,928$939
32 years$8,216$5,743$3,927$2,637$1,744$826
33 years$7,880$5,439$3,667$2,425$1,579$726
34 years$7,564$5,155$3,426$2,231$1,429$638
35 years$7,268$4,889$3,203$2,054$1,295$562
36 years$6,988$4,641$2,997$1,891$1,173$494
37 years$6,724$4,408$2,805$1,743$1,063$435
38 years$6,475$4,189$2,627$1,606$964$383
39 years$6,239$3,983$2,461$1,481$874$337
40 years$6,015$3,790$2,306$1,366$793$297
41 years$5,803$3,607$2,163$1,260$719$261
42 years$5,602$3,436$2,029$1,163$653$230
43 years$5,410$3,273$1,904$1,074$592$202
44 years$5,228$3,120$1,787$991$538$178
45 years$5,054$2,975$1,678$916$488$157
46 years$4,888$2,838$1,576$846$443$138
47 years$4,730$2,709$1,481$781$402$122
48 years$4,579$2,586$1,391$722$365$107
49 years$4,434$2,469$1,308$667$332$94
50 years$4,296$2,359$1,229$617$301$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,400,000, adding $2,270 every year, while hoping to spend $40,546 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: 46/41/13 Blend
79$4,400,000$4,400,000$4,400,000$4,400,000
80$4,851,142$4,617,942$4,549,742$5,056,385
81$5,302,817$4,801,080$4,659,017$5,382,042
82$5,799,205$4,991,833$4,770,595$5,730,800
83$6,344,823$5,190,532$4,884,508$6,108,247
84$6,944,647$5,397,521$5,000,792$6,517,061
85$7,604,163$5,613,161$5,119,480$6,960,180
86$8,329,410$5,837,829$5,240,606$7,440,833
87$9,127,046$6,071,918$5,364,202$7,962,569
88$10,004,404$6,315,841$5,490,302$8,529,288
89$10,969,564$6,570,028$5,618,938$9,145,273
90$12,031,429$6,834,929$5,750,142$9,815,237
91$13,199,808$7,111,013$5,883,944$10,544,358
92$14,485,508$7,398,773$6,020,376$11,338,330
93$15,900,438$7,698,721$6,159,467$12,203,415
94$17,457,719$8,011,395$6,301,245$13,146,499
95$19,171,809$8,337,356$6,445,740$14,175,157
96$21,058,639$8,677,191$6,592,977$15,297,720
97$23,135,761$9,031,515$6,742,983$16,523,354
98$25,422,518$9,400,968$6,895,782$17,862,144
99$27,940,221$9,786,222$7,051,397$19,325,184
100$30,712,356$10,187,979$7,209,851$20,924,685