Can I retire at age 80 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$201,493$199,698$197,947$196,238$194,569$188,871
2 years$99,749$97,891$96,091$94,345$92,652$86,957
3 years$65,839$63,973$62,177$60,448$58,782$53,269
4 years$48,887$47,027$45,249$43,549$41,924$36,635
5 years$38,719$36,870$35,115$33,450$31,870$26,820
6 years$31,942$30,107$28,378$26,750$25,218$20,411
7 years$27,103$25,284$23,582$21,993$20,509$15,945
8 years$23,476$21,673$20,000$18,449$17,014$12,691
9 years$20,656$18,870$17,226$15,715$14,328$10,241
10 years$18,402$16,633$15,018$13,546$12,208$8,352
11 years$16,558$14,807$13,221$11,789$10,500$6,867
12 years$15,023$13,290$11,734$10,341$9,099$5,683
13 years$13,725$12,011$10,483$9,129$7,934$4,728
14 years$12,614$10,917$9,419$8,104$6,955$3,949
15 years$11,651$9,973$8,504$7,227$6,124$3,311
16 years$10,810$9,150$7,710$6,471$5,412$2,783
17 years$10,069$8,427$7,016$5,814$4,799$2,345
18 years$9,410$7,787$6,405$5,240$4,267$1,980
19 years$8,822$7,217$5,863$4,735$3,803$1,675
20 years$8,293$6,706$5,381$4,288$3,397$1,418
21 years$7,815$6,247$4,950$3,892$3,040$1,202
22 years$7,381$5,831$4,562$3,539$2,725$1,020
23 years$6,985$5,454$4,212$3,223$2,446$867
24 years$6,623$5,110$3,895$2,939$2,199$736
25 years$6,291$4,795$3,608$2,684$1,978$626
26 years$5,984$4,507$3,346$2,454$1,782$533
27 years$5,701$4,241$3,107$2,247$1,607$454
28 years$5,438$3,997$2,889$2,058$1,450$386
29 years$5,194$3,770$2,688$1,888$1,309$329
30 years$4,967$3,561$2,504$1,732$1,183$280
31 years$4,754$3,366$2,334$1,591$1,069$239
32 years$4,556$3,185$2,178$1,462$967$204
33 years$4,370$3,016$2,033$1,345$875$174
34 years$4,195$2,859$1,900$1,237$793$148
35 years$4,030$2,711$1,776$1,139$718$126
36 years$3,875$2,573$1,662$1,049$650$108
37 years$3,729$2,444$1,555$966$590$92
38 years$3,591$2,323$1,457$891$534$78
39 years$3,460$2,209$1,365$821$485$67
40 years$3,336$2,102$1,279$758$440$57
41 years$3,218$2,000$1,199$699$399$49
42 years$3,106$1,905$1,125$645$362$41
43 years$3,000$1,815$1,056$595$328$35
44 years$2,899$1,730$991$550$298$30
45 years$2,803$1,650$930$508$271$26
46 years$2,711$1,574$874$469$246$22
47 years$2,623$1,502$821$433$223$19
48 years$2,539$1,434$772$400$203$16
49 years$2,459$1,369$725$370$184$14
50 years$2,382$1,308$682$342$167$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,440,000, adding $6,635 every year, while hoping to spend $26,068 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: 61/27/12 Blend
79$2,440,000$2,440,000$2,440,000$2,440,000
80$2,695,724$2,566,404$2,528,584$2,852,053
81$2,942,952$2,664,422$2,585,555$3,055,820
82$3,214,523$2,766,368$2,643,562$3,274,513
83$3,512,893$2,872,409$2,702,610$3,512,513
84$3,840,768$2,982,717$2,762,707$3,771,686
85$4,201,126$3,097,470$2,823,858$4,054,088
86$4,597,253$3,216,858$2,886,069$4,361,980
87$5,032,764$3,341,075$2,949,343$4,697,850
88$5,511,644$3,470,327$3,013,685$5,064,434
89$6,038,285$3,604,826$3,079,096$5,464,745
90$6,617,524$3,744,796$3,145,580$5,902,099
91$7,254,690$3,890,469$3,213,135$6,380,144
92$7,955,655$4,042,089$3,281,762$6,902,896
93$8,726,890$4,199,910$3,351,460$7,474,777
94$9,575,524$4,364,196$3,422,224$8,100,653
95$10,509,410$4,535,225$3,494,052$8,785,883
96$11,537,205$4,713,285$3,566,937$9,536,365
97$12,668,443$4,898,679$3,640,872$10,358,595
98$13,913,632$5,091,723$3,715,850$11,259,724
99$15,284,350$5,292,745$3,791,858$12,247,628
100$16,793,355$5,502,091$3,868,887$13,330,979