Can I retire at age 80 with 4,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$396,380$392,849$389,404$386,042$382,759$374,419
2 years$196,227$192,573$189,031$185,597$182,266$173,906
3 years$129,519$125,849$122,316$118,914$115,637$107,517
4 years$96,171$92,512$89,014$85,671$82,473$74,656
5 years$76,168$72,531$69,079$65,803$62,695$55,203
6 years$62,836$59,227$55,826$52,623$49,608$42,450
7 years$53,318$49,738$46,392$43,265$40,345$33,521
8 years$46,182$42,635$39,344$36,294$33,470$26,978
9 years$40,635$37,121$33,887$30,914$28,187$22,022
10 years$36,200$32,721$29,543$26,648$24,016$18,173
11 years$32,574$29,129$26,009$23,192$20,655$15,124
12 years$29,554$26,145$23,083$20,342$17,899$12,673
13 years$27,001$23,627$20,623$17,959$15,608$10,678
14 years$24,814$21,477$18,530$15,942$13,682$9,038
15 years$22,921$19,619$16,730$14,218$12,047$7,678
16 years$21,266$18,000$15,168$12,730$10,647$6,543
17 years$19,807$16,578$13,802$11,438$9,440$5,590
18 years$18,512$15,318$12,600$10,308$8,394$4,786
19 years$17,354$14,197$11,534$9,314$7,482$4,105
20 years$16,314$13,193$10,586$8,436$6,683$3,527
21 years$15,373$12,288$9,737$7,656$5,980$3,034
22 years$14,520$11,471$8,974$6,961$5,361$2,613
23 years$13,742$10,728$8,286$6,340$4,812$2,253
24 years$13,029$10,052$7,663$5,782$4,325$1,944
25 years$12,375$9,433$7,098$5,281$3,892$1,678
26 years$11,772$8,866$6,583$4,828$3,506$1,450
27 years$11,215$8,344$6,113$4,419$3,161$1,253
28 years$10,698$7,862$5,682$4,049$2,852$1,084
29 years$10,218$7,417$5,288$3,713$2,575$938
30 years$9,771$7,005$4,926$3,408$2,327$811
31 years$9,353$6,622$4,592$3,130$2,104$702
32 years$8,962$6,265$4,284$2,876$1,903$608
33 years$8,596$5,933$4,000$2,645$1,722$527
34 years$8,252$5,624$3,738$2,434$1,559$456
35 years$7,928$5,334$3,494$2,240$1,412$395
36 years$7,624$5,063$3,269$2,063$1,280$343
37 years$7,336$4,808$3,060$1,901$1,160$297
38 years$7,064$4,570$2,865$1,752$1,051$257
39 years$6,806$4,345$2,684$1,616$953$223
40 years$6,562$4,134$2,516$1,490$865$193
41 years$6,331$3,935$2,359$1,375$785$168
42 years$6,111$3,748$2,213$1,269$712$145
43 years$5,902$3,571$2,077$1,171$646$126
44 years$5,703$3,404$1,949$1,082$586$109
45 years$5,513$3,246$1,830$999$532$95
46 years$5,333$3,096$1,719$923$483$82
47 years$5,160$2,955$1,615$852$439$71
48 years$4,995$2,821$1,518$788$399$62
49 years$4,837$2,694$1,427$728$362$54
50 years$4,686$2,573$1,341$673$329$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,800,000, adding $4,196 every year, while hoping to spend $30,658 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: 45/36/19 Blend
79$4,800,000$4,800,000$4,800,000$4,800,000
80$5,293,928$5,039,528$4,965,128$5,503,061
81$5,801,289$5,253,845$5,098,840$5,864,435
82$6,359,373$5,477,636$5,236,004$6,252,708
83$6,973,322$5,711,333$5,376,703$6,673,121
84$7,648,800$5,955,388$5,521,022$7,128,671
85$8,392,049$6,210,274$5,669,048$7,622,649
86$9,209,947$6,476,485$5,820,869$8,158,670
87$10,110,070$6,754,542$5,976,577$8,740,706
88$11,100,768$7,044,985$6,136,263$9,373,120
89$12,191,241$7,348,384$6,300,022$10,060,706
90$13,391,625$7,665,332$6,467,950$10,808,736
91$14,713,089$7,996,452$6,640,146$11,623,003
92$16,167,942$8,342,396$6,816,708$12,509,875
93$17,769,745$8,703,846$6,997,741$13,476,357
94$19,533,441$9,081,516$7,183,347$14,530,148
95$21,475,496$9,476,155$7,373,633$15,679,717
96$23,614,054$9,888,544$7,568,707$16,934,379
97$25,969,109$10,319,504$7,768,680$18,304,381
98$28,562,692$10,769,894$7,973,665$19,800,994
99$31,419,079$11,240,611$8,183,776$21,436,618
100$34,565,023$11,732,599$8,399,129$23,224,899