Can I retire at age 80 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$404,637$401,033$397,517$394,084$390,733$385,531
2 years$200,316$196,585$192,969$189,464$186,063$180,831
3 years$132,217$128,470$124,864$121,391$118,046$112,945
4 years$98,175$94,439$90,869$87,456$84,192$79,262
5 years$77,754$74,042$70,518$67,174$64,001$59,257
6 years$64,145$60,461$56,989$53,720$50,642$46,089
7 years$54,429$50,775$47,358$44,166$41,185$36,826
8 years$47,144$43,523$40,163$37,050$34,167$30,000
9 years$41,482$37,895$34,593$31,558$28,774$24,797
10 years$36,954$33,402$30,159$27,203$24,517$20,728
11 years$33,252$29,736$26,551$23,675$21,085$17,481
12 years$30,170$26,690$23,564$20,766$18,272$14,848
13 years$27,563$24,120$21,053$18,334$15,934$12,685
14 years$25,331$21,924$18,916$16,274$13,967$10,889
15 years$23,398$20,028$17,078$14,514$12,298$9,385
16 years$21,709$18,375$15,484$12,996$10,869$8,116
17 years$20,220$16,923$14,090$11,676$9,637$7,039
18 years$18,897$15,638$12,862$10,523$8,569$6,119
19 years$17,716$14,493$11,775$9,508$7,638$5,331
20 years$16,654$13,467$10,806$8,612$6,822$4,653
21 years$15,694$12,544$9,940$7,816$6,105$4,067
22 years$14,822$11,710$9,161$7,106$5,472$3,559
23 years$14,028$10,952$8,459$6,472$4,912$3,119
24 years$13,301$10,261$7,823$5,903$4,415$2,736
25 years$12,633$9,630$7,245$5,391$3,973$2,402
26 years$12,017$9,050$6,720$4,929$3,579$2,110
27 years$11,448$8,517$6,240$4,512$3,227$1,855
28 years$10,921$8,026$5,801$4,134$2,911$1,632
29 years$10,431$7,571$5,398$3,791$2,629$1,436
30 years$9,974$7,150$5,028$3,479$2,375$1,264
31 years$9,548$6,760$4,688$3,195$2,148$1,114
32 years$9,149$6,396$4,374$2,936$1,943$981
33 years$8,775$6,057$4,084$2,700$1,758$865
34 years$8,424$5,741$3,816$2,484$1,592$763
35 years$8,094$5,445$3,567$2,287$1,442$673
36 years$7,782$5,168$3,337$2,106$1,306$593
37 years$7,489$4,908$3,123$1,941$1,184$523
38 years$7,211$4,665$2,925$1,789$1,073$462
39 years$6,948$4,436$2,740$1,649$973$407
40 years$6,699$4,220$2,569$1,521$883$360
41 years$6,463$4,017$2,408$1,404$801$317
42 years$6,238$3,826$2,259$1,295$727$280
43 years$6,025$3,645$2,120$1,196$660$247
44 years$5,822$3,475$1,990$1,104$599$218
45 years$5,628$3,314$1,869$1,020$544$193
46 years$5,444$3,161$1,755$942$493$170
47 years$5,268$3,017$1,649$870$448$150
48 years$5,099$2,880$1,549$804$407$133
49 years$4,938$2,750$1,456$743$370$117
50 years$4,784$2,627$1,369$687$336$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,900,000, adding $4,553 every year, while hoping to spend $54,126 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: 62/17/21 Blend
79$4,900,000$4,900,000$4,900,000$4,900,000
80$5,404,496$5,144,796$5,068,846$5,709,788
81$5,898,165$5,339,302$5,181,063$6,111,019
82$6,440,375$5,541,524$5,295,225$6,542,460
83$7,036,018$5,751,784$5,411,340$7,012,271
84$7,690,487$5,970,416$5,529,415$7,524,197
85$8,409,720$6,197,770$5,649,454$8,082,360
86$9,200,262$6,434,211$5,771,461$8,691,295
87$10,069,320$6,680,119$5,895,437$9,355,997
88$11,024,838$6,935,892$6,021,381$10,081,963
89$12,075,564$7,201,944$6,149,290$10,875,244
90$13,231,140$7,478,707$6,279,159$11,742,503
91$14,502,186$7,766,633$6,410,981$12,691,077
92$15,900,405$8,066,195$6,544,745$13,729,043
93$17,438,691$8,377,883$6,680,438$14,865,296
94$19,131,250$8,702,211$6,818,046$16,109,630
95$20,993,735$9,039,717$6,957,548$17,472,832
96$23,043,393$9,390,960$7,098,923$18,966,781
97$25,299,227$9,756,526$7,242,145$20,604,560
98$27,782,177$10,137,025$7,387,186$22,400,578
99$30,515,315$10,533,094$7,534,012$24,370,706
100$33,524,062$10,945,401$7,682,586$26,532,424