Can I retire at age 80 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$178,371$176,782$175,232$173,719$172,241$170,656
2 years$88,302$86,658$85,064$83,519$82,020$80,422
3 years$58,283$56,632$55,042$53,511$52,037$50,477
4 years$43,277$41,630$40,057$38,552$37,113$35,603
5 years$34,275$32,639$31,085$29,611$28,213$26,756
6 years$28,276$26,652$25,122$23,681$22,324$20,923
7 years$23,993$22,382$20,876$19,469$18,155$16,811
8 years$20,782$19,186$17,705$16,332$15,061$13,774
9 years$18,286$16,705$15,249$13,911$12,684$11,452
10 years$16,290$14,724$13,294$11,992$10,807$9,631
11 years$14,658$13,108$11,704$10,436$9,295$8,173
12 years$13,299$11,765$10,387$9,154$8,055$6,986
13 years$12,150$10,632$9,280$8,082$7,024$6,007
14 years$11,166$9,664$8,338$7,174$6,157$5,191
15 years$10,314$8,829$7,528$6,398$5,421$4,505
16 years$9,570$8,100$6,826$5,729$4,791$3,922
17 years$8,913$7,460$6,211$5,147$4,248$3,426
18 years$8,330$6,893$5,670$4,639$3,777$3,000
19 years$7,809$6,389$5,191$4,191$3,367$2,632
20 years$7,341$5,937$4,764$3,796$3,007$2,314
21 years$6,918$5,530$4,382$3,445$2,691$2,038
22 years$6,534$5,162$4,038$3,133$2,412$1,797
23 years$6,184$4,828$3,729$2,853$2,165$1,587
24 years$5,863$4,523$3,448$2,602$1,946$1,403
25 years$5,569$4,245$3,194$2,376$1,751$1,241
26 years$5,297$3,990$2,962$2,173$1,578$1,099
27 years$5,047$3,755$2,751$1,989$1,422$974
28 years$4,814$3,538$2,557$1,822$1,283$864
29 years$4,598$3,338$2,380$1,671$1,159$766
30 years$4,397$3,152$2,216$1,533$1,047$680
31 years$4,209$2,980$2,066$1,408$947$604
32 years$4,033$2,819$1,928$1,294$856$537
33 years$3,868$2,670$1,800$1,190$775$477
34 years$3,713$2,531$1,682$1,095$702$424
35 years$3,568$2,400$1,573$1,008$636$377
36 years$3,431$2,278$1,471$928$576$335
37 years$3,301$2,164$1,377$855$522$298
38 years$3,179$2,056$1,289$788$473$266
39 years$3,063$1,955$1,208$727$429$236
40 years$2,953$1,860$1,132$671$389$210
41 years$2,849$1,771$1,062$619$353$187
42 years$2,750$1,687$996$571$320$167
43 years$2,656$1,607$935$527$291$149
44 years$2,566$1,532$877$487$264$132
45 years$2,481$1,461$824$449$240$118
46 years$2,400$1,393$774$415$218$105
47 years$2,322$1,330$727$384$198$93
48 years$2,248$1,269$683$354$179$83
49 years$2,177$1,212$642$328$163$74
50 years$2,109$1,158$604$303$148$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,160,000, adding $5,534 every year, while hoping to spend $32,840 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: 50/25/25 Blend
79$2,160,000$2,160,000$2,160,000$2,160,000
80$2,386,028$2,271,548$2,238,068$2,488,267
81$2,594,462$2,347,913$2,278,102$2,636,396
82$2,823,055$2,426,918$2,318,376$2,793,554
83$3,073,829$2,508,660$2,358,864$2,963,710
84$3,349,011$2,593,235$2,399,538$3,148,108
85$3,651,053$2,680,747$2,440,366$3,348,119
86$3,982,658$2,771,301$2,481,315$3,565,251
87$4,346,801$2,865,007$2,522,352$3,801,163
88$4,746,761$2,961,979$2,563,437$4,057,682
89$5,186,150$3,062,335$2,604,531$4,336,819
90$5,668,945$3,166,198$2,645,591$4,640,787
91$6,199,531$3,273,694$2,686,571$4,972,023
92$6,782,735$3,384,958$2,727,424$5,333,211
93$7,423,879$3,500,125$2,768,097$5,727,303
94$8,128,821$3,619,338$2,808,535$6,157,553
95$8,904,021$3,742,746$2,848,681$6,627,542
96$9,756,592$3,870,501$2,888,473$7,141,216
97$10,694,373$4,002,764$2,927,845$7,702,917
98$11,725,999$4,139,700$2,966,728$8,317,430
99$12,860,987$4,281,481$3,005,049$8,990,025
100$14,109,820$4,428,285$3,042,730$9,726,505