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%15.5%
1 years$388,122$384,664$381,291$377,999$374,785$366,320
2 years$192,139$188,561$185,093$181,730$178,469$169,986
3 years$126,821$123,227$119,767$116,436$113,228$104,992
4 years$94,168$90,585$87,160$83,886$80,755$72,830
5 years$74,581$71,019$67,640$64,432$61,389$53,796
6 years$61,527$57,993$54,663$51,527$48,575$41,322
7 years$52,207$48,702$45,425$42,363$39,504$32,594
8 years$45,220$41,747$38,524$35,538$32,773$26,201
9 years$39,788$36,348$33,181$30,270$27,599$21,362
10 years$35,446$32,039$28,928$26,093$23,516$17,606
11 years$31,895$28,522$25,468$22,709$20,225$14,635
12 years$28,938$25,600$22,602$19,919$17,526$12,247
13 years$26,438$23,135$20,193$17,585$15,283$10,305
14 years$24,297$21,029$18,144$15,610$13,397$8,710
15 years$22,443$19,211$16,381$13,922$11,796$7,389
16 years$20,823$17,625$14,852$12,465$10,425$6,288
17 years$19,394$16,232$13,515$11,200$9,244$5,364
18 years$18,126$14,999$12,337$10,093$8,219$4,586
19 years$16,993$13,901$11,294$9,120$7,326$3,928
20 years$15,974$12,918$10,365$8,260$6,544$3,370
21 years$15,053$12,032$9,534$7,497$5,856$2,894
22 years$14,217$11,232$8,787$6,816$5,249$2,489
23 years$13,455$10,505$8,113$6,208$4,712$2,142
24 years$12,758$9,842$7,503$5,662$4,235$1,846
25 years$12,117$9,237$6,950$5,171$3,811$1,591
26 years$11,527$8,681$6,445$4,728$3,433$1,372
27 years$10,981$8,170$5,985$4,327$3,095$1,184
28 years$10,475$7,698$5,564$3,965$2,793$1,022
29 years$10,005$7,262$5,178$3,636$2,522$883
30 years$9,567$6,859$4,823$3,337$2,278$763
31 years$9,158$6,484$4,496$3,065$2,060$659
32 years$8,776$6,135$4,195$2,816$1,863$570
33 years$8,417$5,810$3,917$2,590$1,686$493
34 years$8,080$5,506$3,660$2,383$1,527$426
35 years$7,763$5,223$3,422$2,194$1,383$369
36 years$7,465$4,957$3,201$2,020$1,253$319
37 years$7,183$4,708$2,996$1,861$1,136$276
38 years$6,917$4,474$2,806$1,716$1,030$239
39 years$6,664$4,255$2,629$1,582$934$207
40 years$6,426$4,048$2,464$1,459$847$179
41 years$6,199$3,853$2,310$1,346$768$155
42 years$5,984$3,670$2,167$1,242$697$134
43 years$5,779$3,497$2,033$1,147$633$116
44 years$5,584$3,333$1,909$1,059$574$100
45 years$5,399$3,178$1,792$978$521$87
46 years$5,222$3,032$1,683$903$473$75
47 years$5,053$2,893$1,581$835$430$65
48 years$4,891$2,762$1,486$771$390$56
49 years$4,737$2,638$1,397$713$355$49
50 years$4,589$2,520$1,313$659$322$42

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 $2,915 every year, while hoping to spend $46,608 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: 72/11/17 Blend
79$4,700,000$4,700,000$4,700,000$4,700,000
80$5,182,407$4,933,307$4,860,457$5,534,887
81$5,661,422$5,125,448$4,973,692$5,961,468
82$6,187,734$5,325,443$5,089,158$6,422,562
83$6,766,119$5,533,625$5,206,880$6,926,317
84$7,401,837$5,750,347$5,326,885$7,476,954
85$8,100,684$5,975,974$5,449,195$8,079,116
86$8,869,045$6,210,887$5,573,834$8,737,919
87$9,713,955$6,455,488$5,700,825$9,458,994
88$10,643,163$6,710,192$5,830,188$10,248,543
89$11,665,211$6,975,436$5,961,944$11,113,396
90$12,789,505$7,251,675$6,096,111$12,061,073
91$14,026,412$7,539,385$6,232,708$13,099,857
92$15,387,353$7,839,062$6,371,752$14,238,871
93$16,884,913$8,151,226$6,513,255$15,488,163
94$18,532,958$8,476,420$6,657,233$16,858,800
95$20,346,766$8,815,210$6,803,696$18,362,971
96$22,343,170$9,168,190$6,952,655$20,014,104
97$24,540,721$9,535,979$7,104,116$21,826,989
98$26,959,856$9,919,223$7,258,085$23,817,918
99$29,623,096$10,318,600$7,414,566$26,004,840
100$32,555,256$10,734,816$7,573,558$28,407,525