Can I retire at age 80 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$194,887$193,151$191,457$189,804$188,190$186,691
2 years$96,479$94,682$92,940$91,252$89,614$88,103
3 years$63,680$61,876$60,139$58,466$56,855$55,379
4 years$47,284$45,485$43,765$42,121$40,549$39,119
5 years$37,449$35,661$33,964$32,353$30,825$29,445
6 years$30,895$29,120$27,448$25,873$24,391$23,063
7 years$26,215$24,455$22,809$21,272$19,836$18,561
8 years$22,706$20,962$19,344$17,844$16,456$15,234
9 years$19,979$18,251$16,661$15,199$13,858$12,689
10 years$17,798$16,088$14,525$13,102$11,808$10,690
11 years$16,015$14,322$12,788$11,403$10,155$9,088
12 years$14,531$12,855$11,349$10,002$8,800$7,783
13 years$13,275$11,617$10,140$8,830$7,674$6,706
14 years$12,200$10,559$9,110$7,838$6,727$5,806
15 years$11,269$9,646$8,226$6,990$5,923$5,048
16 years$10,456$8,850$7,458$6,259$5,235$4,405
17 years$9,738$8,151$6,786$5,624$4,642$3,855
18 years$9,102$7,532$6,195$5,068$4,127$3,383
19 years$8,532$6,980$5,671$4,580$3,679$2,975
20 years$8,021$6,486$5,205$4,148$3,286$2,621
21 years$7,559$6,042$4,787$3,764$2,940$2,313
22 years$7,139$5,640$4,412$3,423$2,636$2,045
23 years$6,756$5,275$4,074$3,117$2,366$1,810
24 years$6,406$4,942$3,768$2,843$2,127$1,603
25 years$6,084$4,638$3,490$2,596$1,914$1,422
26 years$5,788$4,359$3,236$2,374$1,724$1,262
27 years$5,514$4,102$3,005$2,173$1,554$1,121
28 years$5,260$3,866$2,794$1,991$1,402$997
29 years$5,024$3,647$2,600$1,826$1,266$886
30 years$4,804$3,444$2,422$1,675$1,144$789
31 years$4,599$3,256$2,258$1,539$1,034$702
32 years$4,407$3,080$2,106$1,414$936$625
33 years$4,226$2,917$1,967$1,300$847$557
34 years$4,057$2,765$1,838$1,197$767$497
35 years$3,898$2,622$1,718$1,101$694$443
36 years$3,748$2,489$1,607$1,014$629$395
37 years$3,607$2,364$1,504$935$570$352
38 years$3,473$2,247$1,409$862$517$314
39 years$3,346$2,136$1,320$794$469$280
40 years$3,226$2,033$1,237$733$425$250
41 years$3,113$1,935$1,160$676$386$223
42 years$3,005$1,843$1,088$624$350$199
43 years$2,902$1,756$1,021$576$318$178
44 years$2,804$1,674$958$532$288$159
45 years$2,711$1,596$900$491$262$142
46 years$2,622$1,522$845$454$238$127
47 years$2,537$1,453$794$419$216$113
48 years$2,456$1,387$746$387$196$101
49 years$2,378$1,324$701$358$178$90
50 years$2,304$1,265$659$331$162$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,360,000, adding $4,416 every year, while hoping to spend $25,599 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: 32/41/27 Blend
79$2,360,000$2,360,000$2,360,000$2,360,000
80$2,605,275$2,480,195$2,443,615$2,667,029
81$2,843,776$2,574,488$2,498,239$2,808,894
82$3,105,746$2,672,542$2,553,835$2,959,014
83$3,393,552$2,774,517$2,610,408$3,120,206
84$3,709,801$2,880,575$2,667,964$3,293,460
85$4,057,367$2,990,889$2,726,506$3,479,864
86$4,439,412$3,105,636$2,786,038$3,680,612
87$4,859,424$3,225,005$2,846,563$3,897,015
88$5,321,244$3,349,189$2,908,081$4,130,512
89$5,829,104$3,478,392$2,970,595$4,382,683
90$6,387,666$3,612,826$3,034,103$4,655,262
91$7,002,067$3,752,714$3,098,604$4,950,158
92$7,677,967$3,898,286$3,164,097$5,269,464
93$8,421,601$4,049,784$3,230,576$5,615,482
94$9,239,842$4,207,461$3,298,038$5,990,744
95$10,140,260$4,371,580$3,366,476$6,398,029
96$11,131,195$4,542,416$3,435,882$6,840,397
97$12,221,840$4,720,257$3,506,246$7,321,209
98$13,422,321$4,905,403$3,577,559$7,844,163
99$14,743,797$5,098,168$3,649,807$8,413,325
100$16,198,565$5,298,879$3,722,976$9,033,168