Can I retire at age 80 with 4,600,000?

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 $4,600,000?

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$379,864$376,480$373,179$369,957$366,810$361,478
2 years$188,051$184,549$181,155$177,864$174,672$169,311
3 years$124,122$120,605$117,219$113,959$110,819$105,596
4 years$92,164$88,657$85,306$82,101$79,037$73,992
5 years$72,994$69,508$66,201$63,062$60,083$55,231
6 years$60,218$56,759$53,500$50,431$47,541$42,888
7 years$51,096$47,666$44,459$41,462$38,664$34,211
8 years$44,258$40,859$37,704$34,781$32,075$27,822
9 years$38,942$35,575$32,475$29,626$27,012$22,956
10 years$34,692$31,357$28,312$25,538$23,016$19,154
11 years$31,216$27,916$24,926$22,226$19,794$16,123
12 years$28,322$25,056$22,121$19,495$17,153$13,668
13 years$25,876$22,643$19,764$17,211$14,958$11,654
14 years$23,780$20,582$17,758$15,278$13,112$9,984
15 years$21,966$18,802$16,033$13,625$11,545$8,588
16 years$20,380$17,250$14,536$12,200$10,203$7,411
17 years$18,982$15,887$13,227$10,962$9,047$6,414
18 years$17,740$14,680$12,075$9,879$8,044$5,564
19 years$16,631$13,605$11,054$8,926$7,170$4,837
20 years$15,634$12,643$10,145$8,084$6,404$4,212
21 years$14,733$11,776$9,331$7,337$5,731$3,673
22 years$13,915$10,993$8,600$6,671$5,137$3,207
23 years$13,169$10,281$7,941$6,075$4,611$2,804
24 years$12,487$9,633$7,344$5,541$4,145$2,454
25 years$11,860$9,040$6,802$5,061$3,730$2,149
26 years$11,282$8,496$6,308$4,627$3,360$1,884
27 years$10,748$7,996$5,858$4,235$3,029$1,652
28 years$10,252$7,534$5,446$3,880$2,733$1,450
29 years$9,792$7,108$5,068$3,558$2,468$1,273
30 years$9,364$6,713$4,720$3,266$2,230$1,118
31 years$8,963$6,346$4,401$2,999$2,016$982
32 years$8,589$6,004$4,106$2,756$1,824$863
33 years$8,238$5,686$3,834$2,535$1,650$759
34 years$7,908$5,389$3,582$2,332$1,494$668
35 years$7,598$5,112$3,349$2,147$1,353$587
36 years$7,306$4,852$3,133$1,977$1,226$517
37 years$7,030$4,608$2,932$1,822$1,111$455
38 years$6,769$4,379$2,746$1,679$1,008$400
39 years$6,523$4,164$2,573$1,548$914$352
40 years$6,289$3,962$2,411$1,428$829$310
41 years$6,067$3,771$2,261$1,318$752$273
42 years$5,856$3,592$2,121$1,216$682$240
43 years$5,656$3,422$1,990$1,122$619$212
44 years$5,465$3,262$1,868$1,036$562$186
45 years$5,284$3,111$1,754$957$510$164
46 years$5,110$2,967$1,648$884$463$145
47 years$4,945$2,832$1,548$817$421$127
48 years$4,787$2,703$1,455$755$382$112
49 years$4,636$2,582$1,367$698$347$99
50 years$4,491$2,466$1,285$645$315$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,600,000, adding $3,200 every year, while hoping to spend $41,353 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: 31/42/27 Blend
79$4,600,000$4,600,000$4,600,000$4,600,000
80$5,072,501$4,828,701$4,757,401$5,187,623
81$5,545,897$5,021,308$4,872,774$5,469,295
82$6,066,193$5,221,967$4,990,627$5,768,416
83$6,638,130$5,431,028$5,110,998$6,089,586
84$7,266,929$5,648,859$5,233,927$6,434,761
85$7,958,345$5,875,842$5,359,453$6,806,088
86$8,718,717$6,112,379$5,487,615$7,205,918
87$9,555,028$6,358,887$5,618,452$7,636,834
88$10,474,973$6,615,805$5,752,002$8,101,667
89$11,487,031$6,883,590$5,888,305$8,603,527
90$12,600,542$7,162,720$6,027,397$9,145,826
91$13,825,799$7,453,695$6,169,317$9,732,310
92$15,174,142$7,757,038$6,314,101$10,367,095
93$16,658,067$8,073,296$6,461,786$11,054,700
94$18,291,342$8,403,039$6,612,407$11,800,091
95$20,089,136$8,746,865$6,766,000$12,608,723
96$22,068,166$9,105,399$6,922,599$13,486,591
97$24,246,849$9,479,294$7,082,237$14,440,285
98$26,645,482$9,869,234$7,244,946$15,477,048
99$29,286,428$10,275,933$7,410,758$16,604,844
100$32,194,327$10,700,137$7,579,702$17,832,428