Can I retire at age 80 with 2,430,000?

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 $2,430,000?

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$200,667$198,880$197,136$195,434$193,772$192,068
2 years$99,340$97,490$95,697$93,958$92,272$90,555
3 years$65,569$63,711$61,922$60,200$58,541$56,864
4 years$48,687$46,834$45,064$43,371$41,752$40,128
5 years$38,560$36,719$34,971$33,313$31,739$30,173
6 years$31,811$29,983$28,262$26,641$25,114$23,608
7 years$26,992$25,180$23,486$21,903$20,425$18,979
8 years$23,380$21,584$19,918$18,374$16,944$15,559
9 years$20,571$18,793$17,155$15,650$14,269$12,944
10 years$18,326$16,565$14,956$13,491$12,158$10,892
11 years$16,490$14,747$13,167$11,741$10,457$9,248
12 years$14,962$13,236$11,686$10,298$9,061$7,910
13 years$13,669$11,961$10,440$9,092$7,902$6,807
14 years$12,562$10,873$9,381$8,071$6,927$5,886
15 years$11,604$9,932$8,469$7,198$6,099$5,111
16 years$10,766$9,113$7,679$6,445$5,390$4,453
17 years$10,027$8,392$6,987$5,791$4,779$3,892
18 years$9,372$7,755$6,379$5,218$4,249$3,410
19 years$8,786$7,187$5,839$4,715$3,788$2,995
20 years$8,259$6,679$5,359$4,271$3,383$2,635
21 years$7,783$6,221$4,929$3,876$3,028$2,322
22 years$7,351$5,807$4,543$3,524$2,714$2,049
23 years$6,957$5,431$4,195$3,209$2,436$1,811
24 years$6,596$5,089$3,879$2,927$2,190$1,602
25 years$6,265$4,775$3,593$2,673$1,970$1,419
26 years$5,960$4,488$3,332$2,444$1,775$1,257
27 years$5,677$4,224$3,094$2,237$1,600$1,115
28 years$5,416$3,980$2,877$2,050$1,444$989
29 years$5,173$3,755$2,677$1,880$1,304$879
30 years$4,946$3,546$2,494$1,725$1,178$781
31 years$4,735$3,352$2,325$1,584$1,065$694
32 years$4,537$3,172$2,169$1,456$963$617
33 years$4,352$3,004$2,025$1,339$872$549
34 years$4,178$2,847$1,892$1,232$789$488
35 years$4,014$2,700$1,769$1,134$715$435
36 years$3,859$2,563$1,655$1,045$648$387
37 years$3,714$2,434$1,549$962$587$345
38 years$3,576$2,313$1,451$887$532$307
39 years$3,446$2,200$1,359$818$483$273
40 years$3,322$2,093$1,274$754$438$244
41 years$3,205$1,992$1,194$696$397$217
42 years$3,094$1,897$1,120$642$360$193
43 years$2,988$1,808$1,051$593$327$172
44 years$2,887$1,723$987$548$297$154
45 years$2,791$1,643$927$506$270$137
46 years$2,700$1,568$870$467$245$122
47 years$2,612$1,496$818$432$222$109
48 years$2,529$1,428$768$399$202$97
49 years$2,449$1,364$722$369$183$87
50 years$2,373$1,303$679$341$166$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,430,000, adding $5,180 every year, while hoping to spend $36,272 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: 77/13/10 Blend
79$2,430,000$2,430,000$2,430,000$2,430,000
80$2,683,203$2,554,413$2,516,748$2,884,785
81$2,918,297$2,640,986$2,562,466$3,104,680
82$3,176,154$2,730,586$2,608,500$3,340,566
83$3,459,059$2,823,322$2,654,822$3,598,166
84$3,769,527$2,919,308$2,701,402$3,879,629
85$4,110,328$3,018,664$2,748,209$4,187,317
86$4,484,515$3,121,512$2,795,207$4,523,833
87$4,895,449$3,227,979$2,842,360$4,892,045
88$5,346,834$3,338,200$2,889,628$5,295,108
89$5,842,750$3,452,310$2,936,970$5,736,500
90$6,387,692$3,570,454$2,984,339$6,220,049
91$6,986,610$3,692,780$3,031,688$6,749,972
92$7,644,960$3,819,443$3,078,966$7,330,914
93$8,368,752$3,950,602$3,126,117$7,967,991
94$9,164,607$4,086,423$3,173,085$8,666,837
95$10,039,820$4,227,081$3,219,806$9,433,661
96$11,002,428$4,372,754$3,266,216$10,275,300
97$12,061,286$4,523,630$3,312,244$11,199,286
98$13,226,151$4,679,901$3,357,818$12,213,918
99$14,507,772$4,841,770$3,402,859$13,328,336
100$15,917,995$5,009,446$3,447,284$14,552,611