Can I retire at age 80 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$188,280$186,603$184,967$183,370$181,810$179,762
2 years$93,208$91,472$89,790$88,159$86,576$84,514
3 years$61,521$59,778$58,100$56,484$54,928$52,916
4 years$45,681$43,943$42,282$40,694$39,175$37,229
5 years$36,180$34,452$32,812$31,257$29,780$27,906
6 years$29,847$28,133$26,517$24,996$23,564$21,763
7 years$25,326$23,626$22,036$20,551$19,164$17,438
8 years$21,936$20,252$18,688$17,239$15,898$14,246
9 years$19,302$17,633$16,096$14,684$13,389$11,810
10 years$17,195$15,542$14,033$12,658$11,408$9,902
11 years$15,472$13,836$12,354$11,016$9,811$8,377
12 years$14,038$12,419$10,964$9,663$8,502$7,138
13 years$12,825$11,223$9,796$8,531$7,414$6,118
14 years$11,787$10,201$8,802$7,573$6,499$5,269
15 years$10,887$9,319$7,947$6,753$5,722$4,557
16 years$10,101$8,550$7,205$6,047$5,057$3,955
17 years$9,408$7,874$6,556$5,433$4,484$3,442
18 years$8,793$7,276$5,985$4,896$3,987$3,003
19 years$8,243$6,744$5,479$4,424$3,554$2,626
20 years$7,749$6,266$5,028$4,007$3,174$2,300
21 years$7,302$5,837$4,625$3,637$2,841$2,018
22 years$6,897$5,449$4,263$3,307$2,546$1,773
23 years$6,527$5,096$3,936$3,011$2,286$1,559
24 years$6,189$4,775$3,640$2,747$2,054$1,373
25 years$5,878$4,481$3,371$2,508$1,849$1,210
26 years$5,592$4,211$3,127$2,293$1,665$1,067
27 years$5,327$3,963$2,903$2,099$1,501$942
28 years$5,082$3,734$2,699$1,923$1,355$832
29 years$4,854$3,523$2,512$1,764$1,223$735
30 years$4,641$3,327$2,340$1,619$1,105$650
31 years$4,443$3,145$2,181$1,487$999$575
32 years$4,257$2,976$2,035$1,366$904$509
33 years$4,083$2,818$1,900$1,256$818$450
34 years$3,920$2,671$1,775$1,156$741$399
35 years$3,766$2,534$1,660$1,064$671$353
36 years$3,621$2,405$1,553$980$608$313
37 years$3,484$2,284$1,453$903$551$277
38 years$3,355$2,171$1,361$832$499$245
39 years$3,233$2,064$1,275$767$453$218
40 years$3,117$1,964$1,195$708$411$193
41 years$3,007$1,869$1,121$653$373$171
42 years$2,903$1,780$1,051$603$338$152
43 years$2,803$1,696$986$556$307$134
44 years$2,709$1,617$926$514$279$119
45 years$2,619$1,542$869$474$253$106
46 years$2,533$1,471$817$438$230$94
47 years$2,451$1,404$767$405$209$83
48 years$2,373$1,340$721$374$189$74
49 years$2,298$1,280$678$346$172$65
50 years$2,226$1,222$637$320$156$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,280,000, adding $2,818 every year, while hoping to spend $41,782 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: 75/12/13 Blend
79$2,280,000$2,280,000$2,280,000$2,280,000
80$2,515,467$2,394,627$2,359,287$2,697,199
81$2,727,589$2,467,508$2,393,867$2,890,446
82$2,959,947$2,542,560$2,428,206$3,096,672
83$3,214,561$2,619,844$2,462,250$3,321,539
84$3,493,655$2,699,426$2,495,945$3,566,884
85$3,799,681$2,781,371$2,529,232$3,834,735
86$4,135,335$2,865,745$2,562,048$4,127,321
87$4,503,592$2,952,619$2,594,329$4,447,100
88$4,907,723$3,042,062$2,626,004$4,796,776
89$5,351,336$3,134,149$2,657,000$5,179,329
90$5,838,403$3,228,953$2,687,241$5,598,043
91$6,373,300$3,326,551$2,716,643$6,056,531
92$6,960,846$3,427,022$2,745,120$6,558,777
93$7,606,353$3,530,446$2,772,582$7,109,168
94$8,315,669$3,636,906$2,798,932$7,712,536
95$9,095,240$3,746,487$2,824,069$8,374,204
96$9,952,166$3,859,276$2,847,886$9,100,038
97$10,894,268$3,975,362$2,870,271$9,896,499
98$11,930,164$4,094,835$2,891,106$10,770,706
99$13,069,349$4,217,791$2,910,267$11,730,500
100$14,322,284$4,344,324$2,927,622$12,784,523