Can I retire at age 80 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$161,029$159,595$158,195$156,829$155,496$154,000
2 years$79,717$78,233$76,794$75,399$74,046$72,539
3 years$52,617$51,126$49,691$48,309$46,978$45,507
4 years$39,070$37,583$36,162$34,804$33,505$32,081
5 years$30,943$29,466$28,063$26,733$25,470$24,097
6 years$25,527$24,061$22,679$21,378$20,153$18,834
7 years$21,660$20,206$18,847$17,576$16,390$15,124
8 years$18,761$17,320$15,983$14,744$13,597$12,384
9 years$16,508$15,081$13,767$12,559$11,451$10,291
10 years$14,706$13,293$12,002$10,826$9,757$8,649
11 years$13,233$11,834$10,566$9,422$8,391$7,335
12 years$12,006$10,621$9,377$8,264$7,271$6,266
13 years$10,969$9,599$8,378$7,296$6,341$5,384
14 years$10,081$8,725$7,528$6,477$5,558$4,650
15 years$9,312$7,970$6,797$5,776$4,894$4,032
16 years$8,639$7,313$6,162$5,172$4,325$3,509
17 years$8,047$6,735$5,607$4,647$3,835$3,062
18 years$7,520$6,223$5,119$4,188$3,410$2,679
19 years$7,050$5,768$4,686$3,784$3,039$2,350
20 years$6,627$5,359$4,300$3,427$2,715$2,064
21 years$6,245$4,992$3,956$3,110$2,430$1,816
22 years$5,899$4,660$3,646$2,828$2,178$1,601
23 years$5,583$4,358$3,366$2,575$1,955$1,412
24 years$5,293$4,084$3,113$2,349$1,757$1,247
25 years$5,027$3,832$2,883$2,145$1,581$1,103
26 years$4,782$3,602$2,674$1,961$1,424$976
27 years$4,556$3,390$2,483$1,795$1,284$864
28 years$4,346$3,194$2,308$1,645$1,159$766
29 years$4,151$3,013$2,148$1,508$1,046$679
30 years$3,969$2,846$2,001$1,384$945$602
31 years$3,800$2,690$1,865$1,271$855$534
32 years$3,641$2,545$1,741$1,169$773$474
33 years$3,492$2,410$1,625$1,075$700$421
34 years$3,352$2,285$1,518$989$633$374
35 years$3,221$2,167$1,420$910$574$332
36 years$3,097$2,057$1,328$838$520$295
37 years$2,980$1,953$1,243$772$471$263
38 years$2,870$1,856$1,164$712$427$234
39 years$2,765$1,765$1,091$656$387$208
40 years$2,666$1,679$1,022$605$351$185
41 years$2,572$1,599$958$559$319$164
42 years$2,483$1,523$899$515$289$146
43 years$2,398$1,451$844$476$262$130
44 years$2,317$1,383$792$439$238$116
45 years$2,240$1,319$744$406$216$103
46 years$2,166$1,258$698$375$196$92
47 years$2,096$1,200$656$346$178$82
48 years$2,029$1,146$617$320$162$73
49 years$1,965$1,094$580$296$147$65
50 years$1,904$1,045$545$273$134$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,950,000, adding $4,057 every year, while hoping to spend $57,989 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: 62/24/14 Blend
79$1,950,000$1,950,000$1,950,000$1,950,000
80$2,153,085$2,049,735$2,019,510$2,278,984
81$2,311,000$2,088,472$2,025,464$2,402,742
82$2,483,078$2,127,164$2,029,673$2,530,818
83$2,670,704$2,165,747$2,032,019$2,669,224
84$2,875,400$2,204,152$2,032,376$2,818,966
85$3,098,841$2,242,306$2,030,611$2,981,151
86$3,342,874$2,280,130$2,026,587$3,156,999
87$3,609,528$2,317,537$2,020,159$3,347,856
88$3,901,040$2,354,437$2,011,174$3,555,205
89$4,219,871$2,390,729$1,999,474$3,780,680
90$4,568,732$2,426,310$1,984,891$4,026,082
91$4,950,608$2,461,064$1,967,249$4,293,397
92$5,368,785$2,494,871$1,946,367$4,584,813
93$5,826,882$2,527,600$1,922,051$4,902,743
94$6,328,885$2,559,114$1,894,101$5,249,846
95$6,879,184$2,589,263$1,862,306$5,629,054
96$7,482,613$2,617,889$1,826,446$6,043,598
97$8,144,497$2,644,823$1,786,289$6,497,041
98$8,870,701$2,669,885$1,741,595$6,993,310
99$9,667,685$2,692,882$1,692,111$7,536,733
100$10,542,565$2,713,609$1,637,572$8,132,084