Can I retire at age 80 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$388,122$384,664$381,291$377,999$374,785$372,111
2 years$192,139$188,561$185,093$181,730$178,469$175,773
3 years$126,821$123,227$119,767$116,436$113,228$110,593
4 years$94,168$90,585$87,160$83,886$80,755$78,202
5 years$74,581$71,019$67,640$64,432$61,389$58,924
6 years$61,527$57,993$54,663$51,527$48,575$46,202
7 years$52,207$48,702$45,425$42,363$39,504$37,225
8 years$45,220$41,747$38,524$35,538$32,773$30,587
9 years$39,788$36,348$33,181$30,270$27,599$25,506
10 years$35,446$32,039$28,928$26,093$23,516$21,514
11 years$31,895$28,522$25,468$22,709$20,225$18,313
12 years$28,938$25,600$22,602$19,919$17,526$15,703
13 years$26,438$23,135$20,193$17,585$15,283$13,546
14 years$24,297$21,029$18,144$15,610$13,397$11,745
15 years$22,443$19,211$16,381$13,922$11,796$10,225
16 years$20,823$17,625$14,852$12,465$10,425$8,935
17 years$19,394$16,232$13,515$11,200$9,244$7,830
18 years$18,126$14,999$12,337$10,093$8,219$6,881
19 years$16,993$13,901$11,294$9,120$7,326$6,060
20 years$15,974$12,918$10,365$8,260$6,544$5,347
21 years$15,053$12,032$9,534$7,497$5,856$4,726
22 years$14,217$11,232$8,787$6,816$5,249$4,183
23 years$13,455$10,505$8,113$6,208$4,712$3,708
24 years$12,758$9,842$7,503$5,662$4,235$3,290
25 years$12,117$9,237$6,950$5,171$3,811$2,922
26 years$11,527$8,681$6,445$4,728$3,433$2,598
27 years$10,981$8,170$5,985$4,327$3,095$2,311
28 years$10,475$7,698$5,564$3,965$2,793$2,058
29 years$10,005$7,262$5,178$3,636$2,522$1,833
30 years$9,567$6,859$4,823$3,337$2,278$1,634
31 years$9,158$6,484$4,496$3,065$2,060$1,457
32 years$8,776$6,135$4,195$2,816$1,863$1,300
33 years$8,417$5,810$3,917$2,590$1,686$1,160
34 years$8,080$5,506$3,660$2,383$1,527$1,036
35 years$7,763$5,223$3,422$2,194$1,383$925
36 years$7,465$4,957$3,201$2,020$1,253$826
37 years$7,183$4,708$2,996$1,861$1,136$738
38 years$6,917$4,474$2,806$1,716$1,030$660
39 years$6,664$4,255$2,629$1,582$934$590
40 years$6,426$4,048$2,464$1,459$847$527
41 years$6,199$3,853$2,310$1,346$768$471
42 years$5,984$3,670$2,167$1,242$697$422
43 years$5,779$3,497$2,033$1,147$633$377
44 years$5,584$3,333$1,909$1,059$574$337
45 years$5,399$3,178$1,792$978$521$302
46 years$5,222$3,032$1,683$903$473$270
47 years$5,053$2,893$1,581$835$430$241
48 years$4,891$2,762$1,486$771$390$216
49 years$4,737$2,638$1,397$713$355$193
50 years$4,589$2,520$1,313$659$322$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,700,000, adding $6,816 every year, while hoping to spend $54,933 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: 42/46/12 Blend
79$4,700,000$4,700,000$4,700,000$4,700,000
80$5,186,431$4,937,331$4,864,481$5,385,752
81$5,656,998$5,120,812$4,968,993$5,709,592
82$6,173,723$5,311,442$5,075,164$6,054,035
83$6,741,254$5,509,514$5,182,994$6,425,794
84$7,364,714$5,715,333$5,292,477$6,827,386
85$8,049,747$5,929,216$5,403,607$7,261,576
86$8,802,569$6,151,495$5,516,375$7,731,401
87$9,630,029$6,382,516$5,630,771$8,240,196
88$10,539,672$6,622,639$5,746,782$8,791,626
89$11,539,811$6,872,241$5,864,392$9,389,718
90$12,639,604$7,131,714$5,983,582$10,038,898
91$13,849,143$7,401,467$6,104,331$10,744,031
92$15,179,543$7,681,927$6,226,614$11,510,467
93$16,643,056$7,973,540$6,350,404$12,344,086
94$18,253,175$8,276,771$6,475,670$13,251,356
95$20,024,771$8,592,105$6,602,377$14,239,388
96$21,974,227$8,920,048$6,730,487$15,316,005
97$24,119,596$9,261,128$6,859,956$16,489,813
98$26,480,769$9,615,898$6,990,739$17,770,278
99$29,079,663$9,984,932$7,122,783$19,167,816
100$31,940,425$10,368,830$7,256,034$20,693,887