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%15.1%
1 years$388,122$384,664$381,291$377,999$374,785$366,917
2 years$192,139$188,561$185,093$181,730$178,469$170,580
3 years$126,821$123,227$119,767$116,436$113,228$105,563
4 years$94,168$90,585$87,160$83,886$80,755$73,374
5 years$74,581$71,019$67,640$64,432$61,389$54,312
6 years$61,527$57,993$54,663$51,527$48,575$41,810
7 years$52,207$48,702$45,425$42,363$39,504$33,053
8 years$45,220$41,747$38,524$35,538$32,773$26,632
9 years$39,788$36,348$33,181$30,270$27,599$21,766
10 years$35,446$32,039$28,928$26,093$23,516$17,983
11 years$31,895$28,522$25,468$22,709$20,225$14,986
12 years$28,938$25,600$22,602$19,919$17,526$12,574
13 years$26,438$23,135$20,193$17,585$15,283$10,608
14 years$24,297$21,029$18,144$15,610$13,397$8,991
15 years$22,443$19,211$16,381$13,922$11,796$7,648
16 years$20,823$17,625$14,852$12,465$10,425$6,527
17 years$19,394$16,232$13,515$11,200$9,244$5,584
18 years$18,126$14,999$12,337$10,093$8,219$4,788
19 years$16,993$13,901$11,294$9,120$7,326$4,114
20 years$15,974$12,918$10,365$8,260$6,544$3,539
21 years$15,053$12,032$9,534$7,497$5,856$3,050
22 years$14,217$11,232$8,787$6,816$5,249$2,630
23 years$13,455$10,505$8,113$6,208$4,712$2,271
24 years$12,758$9,842$7,503$5,662$4,235$1,963
25 years$12,117$9,237$6,950$5,171$3,811$1,697
26 years$11,527$8,681$6,445$4,728$3,433$1,469
27 years$10,981$8,170$5,985$4,327$3,095$1,272
28 years$10,475$7,698$5,564$3,965$2,793$1,102
29 years$10,005$7,262$5,178$3,636$2,522$955
30 years$9,567$6,859$4,823$3,337$2,278$827
31 years$9,158$6,484$4,496$3,065$2,060$717
32 years$8,776$6,135$4,195$2,816$1,863$622
33 years$8,417$5,810$3,917$2,590$1,686$540
34 years$8,080$5,506$3,660$2,383$1,527$468
35 years$7,763$5,223$3,422$2,194$1,383$407
36 years$7,465$4,957$3,201$2,020$1,253$353
37 years$7,183$4,708$2,996$1,861$1,136$306
38 years$6,917$4,474$2,806$1,716$1,030$266
39 years$6,664$4,255$2,629$1,582$934$231
40 years$6,426$4,048$2,464$1,459$847$200
41 years$6,199$3,853$2,310$1,346$768$174
42 years$5,984$3,670$2,167$1,242$697$151
43 years$5,779$3,497$2,033$1,147$633$131
44 years$5,584$3,333$1,909$1,059$574$114
45 years$5,399$3,178$1,792$978$521$99
46 years$5,222$3,032$1,683$903$473$86
47 years$5,053$2,893$1,581$835$430$75
48 years$4,891$2,762$1,486$771$390$65
49 years$4,737$2,638$1,397$713$355$56
50 years$4,589$2,520$1,313$659$322$49

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 $6,277 every year, while hoping to spend $29,586 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: 47/26/27 Blend
79$4,700,000$4,700,000$4,700,000$4,700,000
80$5,185,875$4,936,775$4,863,925$5,389,230
81$5,683,355$5,147,197$4,995,387$5,743,616
82$6,230,586$5,366,939$5,130,262$6,124,687
83$6,832,612$5,596,426$5,268,632$6,537,773
84$7,494,990$5,836,102$5,410,582$6,985,898
85$8,223,842$6,086,434$5,556,199$7,472,385
86$9,025,914$6,347,909$5,705,573$8,000,885
87$9,908,640$6,621,039$5,858,792$8,575,413
88$10,880,209$6,906,358$6,015,949$9,200,383
89$11,949,646$7,204,426$6,177,140$9,880,648
90$13,126,895$7,515,828$6,342,459$10,621,544
91$14,422,913$7,841,178$6,512,006$11,428,942
92$15,849,772$8,181,118$6,685,880$12,309,298
93$17,420,776$8,536,320$6,864,184$13,269,714
94$19,150,584$8,907,488$7,047,023$14,318,003
95$21,055,349$9,295,360$7,234,503$15,462,764
96$23,152,868$9,700,707$7,426,733$16,713,455
97$25,462,756$10,124,336$7,623,824$18,080,486
98$28,006,623$10,567,095$7,825,888$19,575,314
99$30,808,285$11,029,869$8,033,042$21,210,546
100$33,893,984$11,513,586$8,245,402$23,000,060