Can I retire at age 80 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$437,669$433,771$429,967$426,254$422,629$412,078
2 years$216,668$212,633$208,722$204,930$201,252$190,689
3 years$143,010$138,958$135,057$131,301$127,683$117,437
4 years$106,189$102,149$98,287$94,595$91,064$81,216
5 years$84,102$80,086$76,275$72,658$69,226$59,802
6 years$69,382$65,396$61,641$58,105$54,776$45,786
7 years$58,872$54,920$51,224$47,771$44,547$35,992
8 years$50,993$47,076$43,442$40,074$36,956$28,832
9 years$44,868$40,988$37,417$34,134$31,123$23,422
10 years$39,971$36,129$32,621$29,424$26,518$19,232
11 years$35,967$32,164$28,719$25,608$22,806$15,925
12 years$32,632$28,868$25,487$22,461$19,764$13,275
13 years$29,813$26,089$22,771$19,830$17,234$11,125
14 years$27,399$23,714$20,460$17,603$15,107$9,365
15 years$25,308$21,663$18,473$15,699$13,302$7,911
16 years$23,481$19,875$16,748$14,057$11,756$6,703
17 years$21,870$18,304$15,240$12,630$10,424$5,694
18 years$20,440$16,914$13,912$11,382$9,268$4,847
19 years$19,162$15,676$12,736$10,285$8,261$4,133
20 years$18,013$14,567$11,688$9,315$7,379$3,529
21 years$16,975$13,568$10,751$8,454$6,603$3,017
22 years$16,032$12,666$9,909$7,686$5,919$2,583
23 years$15,173$11,846$9,149$7,000$5,313$2,213
24 years$14,387$11,099$8,461$6,384$4,776$1,897
25 years$13,664$10,416$7,837$5,831$4,297$1,628
26 years$12,998$9,789$7,268$5,331$3,871$1,397
27 years$12,383$9,213$6,749$4,880$3,490$1,200
28 years$11,813$8,681$6,274$4,471$3,149$1,031
29 years$11,282$8,190$5,839$4,100$2,843$886
30 years$10,789$7,734$5,439$3,763$2,569$762
31 years$10,327$7,311$5,070$3,456$2,323$655
32 years$9,896$6,918$4,731$3,176$2,101$563
33 years$9,492$6,551$4,417$2,921$1,902$485
34 years$9,112$6,209$4,127$2,687$1,722$417
35 years$8,754$5,889$3,858$2,474$1,559$359
36 years$8,418$5,590$3,610$2,278$1,413$309
37 years$8,100$5,309$3,378$2,099$1,281$266
38 years$7,800$5,046$3,164$1,935$1,161$229
39 years$7,515$4,798$2,964$1,784$1,053$197
40 years$7,246$4,565$2,778$1,645$955$170
41 years$6,990$4,345$2,605$1,518$866$146
42 years$6,748$4,138$2,444$1,401$786$126
43 years$6,517$3,943$2,293$1,293$713$108
44 years$6,297$3,758$2,152$1,194$648$93
45 years$6,088$3,584$2,021$1,103$588$80
46 years$5,888$3,419$1,898$1,019$534$69
47 years$5,698$3,263$1,783$941$485$60
48 years$5,515$3,115$1,676$870$440$51
49 years$5,341$2,974$1,575$804$400$44
50 years$5,175$2,841$1,481$743$363$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $5,300,000, adding $4,982 every year, while hoping to spend $25,401 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: 67/27/6 Blend
79$5,300,000$5,300,000$5,300,000$5,300,000
80$5,845,739$5,564,839$5,482,689$6,231,824
81$6,414,978$5,810,490$5,639,333$6,734,094
82$7,041,428$6,067,326$5,800,372$7,279,428
83$7,730,897$6,335,869$5,965,929$7,874,890
84$8,489,787$6,616,665$6,136,126$8,525,368
85$9,325,149$6,910,285$6,311,090$9,236,239
86$10,244,755$7,217,329$6,490,951$10,013,418
87$11,257,166$7,538,424$6,675,844$10,863,414
88$12,371,817$7,874,228$6,865,906$11,793,386
89$13,599,105$8,225,427$7,061,276$12,811,216
90$14,950,486$8,592,745$7,262,101$13,925,574
91$16,438,582$8,976,936$7,468,527$15,146,003
92$18,077,302$9,378,791$7,680,708$16,483,008
93$19,881,975$9,799,140$7,898,800$17,948,150
94$21,869,489$10,238,850$8,122,963$19,554,154
95$24,058,456$10,698,833$8,353,360$21,315,029
96$26,469,383$11,180,040$8,590,162$23,246,199
97$29,124,868$11,683,471$8,833,542$25,364,643
98$32,049,815$12,210,171$9,083,676$27,689,053
99$35,271,665$12,761,238$9,340,747$30,240,014
100$38,820,655$13,337,818$9,604,942$33,040,187