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

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$396,380$392,849$389,404$386,042$382,759$370,062
2 years$196,227$192,573$189,031$185,597$182,266$169,598
3 years$129,519$125,849$122,316$118,914$115,637$103,395
4 years$96,171$92,512$89,014$85,671$82,473$70,750
5 years$76,168$72,531$69,079$65,803$62,695$51,523
6 years$62,836$59,227$55,826$52,623$49,608$38,996
7 years$53,318$49,738$46,392$43,265$40,345$30,291
8 years$46,182$42,635$39,344$36,294$33,470$23,967
9 years$40,635$37,121$33,887$30,914$28,187$19,224
10 years$36,200$32,721$29,543$26,648$24,016$15,579
11 years$32,574$29,129$26,009$23,192$20,655$12,727
12 years$29,554$26,145$23,083$20,342$17,899$10,463
13 years$27,001$23,627$20,623$17,959$15,608$8,645
14 years$24,814$21,477$18,530$15,942$13,682$7,172
15 years$22,921$19,619$16,730$14,218$12,047$5,970
16 years$21,266$18,000$15,168$12,730$10,647$4,983
17 years$19,807$16,578$13,802$11,438$9,440$4,168
18 years$18,512$15,318$12,600$10,308$8,394$3,493
19 years$17,354$14,197$11,534$9,314$7,482$2,932
20 years$16,314$13,193$10,586$8,436$6,683$2,464
21 years$15,373$12,288$9,737$7,656$5,980$2,073
22 years$14,520$11,471$8,974$6,961$5,361$1,745
23 years$13,742$10,728$8,286$6,340$4,812$1,471
24 years$13,029$10,052$7,663$5,782$4,325$1,240
25 years$12,375$9,433$7,098$5,281$3,892$1,046
26 years$11,772$8,866$6,583$4,828$3,506$883
27 years$11,215$8,344$6,113$4,419$3,161$746
28 years$10,698$7,862$5,682$4,049$2,852$630
29 years$10,218$7,417$5,288$3,713$2,575$532
30 years$9,771$7,005$4,926$3,408$2,327$449
31 years$9,353$6,622$4,592$3,130$2,104$380
32 years$8,962$6,265$4,284$2,876$1,903$321
33 years$8,596$5,933$4,000$2,645$1,722$271
34 years$8,252$5,624$3,738$2,434$1,559$230
35 years$7,928$5,334$3,494$2,240$1,412$194
36 years$7,624$5,063$3,269$2,063$1,280$164
37 years$7,336$4,808$3,060$1,901$1,160$139
38 years$7,064$4,570$2,865$1,752$1,051$117
39 years$6,806$4,345$2,684$1,616$953$99
40 years$6,562$4,134$2,516$1,490$865$84
41 years$6,331$3,935$2,359$1,375$785$71
42 years$6,111$3,748$2,213$1,269$712$60
43 years$5,902$3,571$2,077$1,171$646$51
44 years$5,703$3,404$1,949$1,082$586$43
45 years$5,513$3,246$1,830$999$532$36
46 years$5,333$3,096$1,719$923$483$31
47 years$5,160$2,955$1,615$852$439$26
48 years$4,995$2,821$1,518$788$399$22
49 years$4,837$2,694$1,427$728$362$19
50 years$4,686$2,573$1,341$673$329$16

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 $2,992 every year, while hoping to spend $59,454 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: 56/32/12 Blend
79$4,800,000$4,800,000$4,800,000$4,800,000
80$5,292,686$5,038,286$4,963,886$5,572,859
81$5,769,282$5,221,904$5,066,918$5,946,486
82$6,292,497$5,412,526$5,171,408$6,346,473
83$6,867,025$5,610,433$5,277,344$6,780,755
84$7,498,035$5,815,917$5,384,708$7,252,619
85$8,191,221$6,029,283$5,493,482$7,765,679
86$8,952,856$6,250,849$5,603,644$8,323,910
87$9,789,850$6,480,944$5,715,170$8,931,684
88$10,709,819$6,719,913$5,828,031$9,593,814
89$11,721,148$6,968,117$5,942,198$10,315,591
90$12,833,078$7,225,928$6,057,635$11,102,841
91$14,055,792$7,493,738$6,174,305$11,961,972
92$15,400,505$7,771,954$6,292,167$12,900,039
93$16,879,576$8,060,999$6,411,174$13,924,804
94$18,506,621$8,361,316$6,531,277$15,044,814
95$20,296,643$8,673,367$6,652,421$16,269,475
96$22,266,171$8,997,632$6,774,547$17,609,142
97$24,433,417$9,334,613$6,897,592$19,075,215
98$26,818,450$9,684,834$7,021,485$20,680,245
99$29,443,380$10,048,839$7,146,153$22,438,051
100$32,332,571$10,427,198$7,271,515$24,363,851