Can I retire at age 80 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$153,597$152,229$150,894$149,591$148,319$147,015
2 years$76,038$74,622$73,250$71,919$70,628$69,314
3 years$50,189$48,766$47,397$46,079$44,809$43,526
4 years$37,266$35,848$34,493$33,197$31,958$30,716
5 years$29,515$28,106$26,768$25,499$24,294$23,096
6 years$24,349$22,950$21,633$20,392$19,223$18,070
7 years$20,661$19,274$17,977$16,765$15,634$14,527
8 years$17,896$16,521$15,246$14,064$12,970$11,909
9 years$15,746$14,385$13,131$11,979$10,922$9,908
10 years$14,027$12,679$11,448$10,326$9,306$8,337
11 years$12,622$11,288$10,079$8,987$8,004$7,079
12 years$11,452$10,131$8,945$7,883$6,936$6,055
13 years$10,463$9,156$7,991$6,959$6,048$5,210
14 years$9,615$8,322$7,180$6,178$5,302$4,505
15 years$8,882$7,602$6,483$5,509$4,668$3,912
16 years$8,241$6,975$5,878$4,933$4,126$3,409
17 years$7,675$6,424$5,348$4,432$3,658$2,979
18 years$7,173$5,936$4,882$3,994$3,253$2,610
19 years$6,725$5,501$4,470$3,609$2,899$2,292
20 years$6,322$5,112$4,102$3,269$2,590$2,017
21 years$5,957$4,762$3,773$2,967$2,317$1,777
22 years$5,626$4,445$3,477$2,697$2,077$1,569
23 years$5,325$4,157$3,211$2,457$1,865$1,386
24 years$5,049$3,895$2,969$2,241$1,676$1,226
25 years$4,795$3,655$2,750$2,046$1,508$1,086
26 years$4,562$3,435$2,551$1,871$1,358$962
27 years$4,346$3,233$2,369$1,713$1,225$853
28 years$4,146$3,047$2,202$1,569$1,105$757
29 years$3,959$2,874$2,049$1,439$998$673
30 years$3,786$2,714$1,909$1,321$902$597
31 years$3,624$2,566$1,779$1,213$815$531
32 years$3,473$2,428$1,660$1,115$737$472
33 years$3,331$2,299$1,550$1,025$667$420
34 years$3,198$2,179$1,448$943$604$374
35 years$3,072$2,067$1,354$868$547$333
36 years$2,954$1,962$1,267$800$496$296
37 years$2,843$1,863$1,186$737$449$264
38 years$2,737$1,771$1,110$679$407$235
39 years$2,637$1,684$1,040$626$369$209
40 years$2,543$1,602$975$577$335$186
41 years$2,453$1,525$914$533$304$166
42 years$2,368$1,452$858$492$276$148
43 years$2,287$1,384$805$454$250$132
44 years$2,210$1,319$755$419$227$118
45 years$2,136$1,258$709$387$206$105
46 years$2,066$1,200$666$358$187$93
47 years$2,000$1,145$626$330$170$83
48 years$1,936$1,093$588$305$154$74
49 years$1,874$1,044$553$282$140$66
50 years$1,816$997$520$261$127$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,860,000, adding $4,756 every year, while hoping to spend $59,386 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: 47/29/24 Blend
79$1,860,000$1,860,000$1,860,000$1,860,000
80$2,054,626$1,956,046$1,927,216$2,136,904
81$2,201,011$1,988,706$1,928,591$2,227,779
82$2,360,338$2,020,976$1,928,022$2,320,116
83$2,533,863$2,052,774$1,925,382$2,419,154
84$2,722,969$2,084,012$1,920,534$2,525,549
85$2,929,180$2,114,597$1,913,341$2,640,027
86$3,154,172$2,144,427$1,903,652$2,763,389
87$3,399,788$2,173,395$1,891,315$2,896,519
88$3,668,059$2,201,385$1,876,168$3,040,393
89$3,961,222$2,228,273$1,858,039$3,196,090
90$4,281,736$2,253,927$1,836,753$3,364,801
91$4,632,311$2,278,208$1,812,123$3,547,839
92$5,015,931$2,300,964$1,783,953$3,746,657
93$5,435,880$2,322,036$1,752,040$3,962,857
94$5,895,777$2,341,253$1,716,170$4,198,207
95$6,399,604$2,358,432$1,676,119$4,454,661
96$6,951,749$2,373,380$1,631,655$4,734,373
97$7,557,043$2,385,892$1,582,531$5,039,723
98$8,220,809$2,395,748$1,528,493$5,373,337
99$8,948,906$2,402,714$1,469,272$5,738,115
100$9,747,790$2,406,543$1,404,589$6,137,254