Can I retire at age 80 with 2,490,000?

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 $2,490,000?

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$205,622$203,790$202,003$200,259$198,556$196,728
2 years$101,793$99,897$98,060$96,278$94,551$92,709
3 years$67,188$65,284$63,451$61,687$59,987$58,188
4 years$49,889$47,991$46,176$44,442$42,783$41,042
5 years$39,512$37,625$35,835$34,135$32,523$30,844
6 years$32,596$30,724$28,960$27,298$25,734$24,120
7 years$27,659$25,802$24,066$22,444$20,929$19,380
8 years$23,957$22,117$20,410$18,827$17,363$15,878
9 years$21,079$19,257$17,579$16,037$14,622$13,202
10 years$18,779$16,974$15,326$13,824$12,458$11,102
11 years$16,898$15,111$13,492$12,031$10,715$9,421
12 years$15,331$13,563$11,974$10,553$9,285$8,053
13 years$14,007$12,257$10,698$9,316$8,097$6,925
14 years$12,872$11,141$9,612$8,270$7,098$5,984
15 years$11,890$10,178$8,679$7,375$6,249$5,193
16 years$11,032$9,338$7,868$6,604$5,523$4,522
17 years$10,275$8,600$7,160$5,934$4,897$3,949
18 years$9,603$7,946$6,536$5,347$4,354$3,458
19 years$9,002$7,365$5,984$4,832$3,881$3,034
20 years$8,463$6,844$5,491$4,376$3,467$2,668
21 years$7,975$6,375$5,051$3,972$3,102$2,349
22 years$7,532$5,950$4,655$3,611$2,781$2,072
23 years$7,129$5,565$4,298$3,289$2,496$1,829
24 years$6,759$5,214$3,975$2,999$2,244$1,617
25 years$6,420$4,893$3,682$2,739$2,019$1,431
26 years$6,107$4,599$3,415$2,505$1,819$1,267
27 years$5,818$4,328$3,171$2,293$1,640$1,123
28 years$5,550$4,078$2,948$2,100$1,479$996
29 years$5,301$3,848$2,743$1,926$1,336$883
30 years$5,069$3,634$2,555$1,768$1,207$784
31 years$4,852$3,435$2,382$1,624$1,091$696
32 years$4,649$3,250$2,223$1,492$987$619
33 years$4,459$3,078$2,075$1,372$893$550
34 years$4,281$2,917$1,939$1,262$809$489
35 years$4,113$2,767$1,813$1,162$733$435
36 years$3,955$2,626$1,696$1,070$664$387
37 years$3,805$2,494$1,587$986$602$344
38 years$3,664$2,370$1,486$909$545$306
39 years$3,531$2,254$1,393$838$495$273
40 years$3,404$2,145$1,305$773$449$243
41 years$3,284$2,041$1,224$713$407$216
42 years$3,170$1,944$1,148$658$369$192
43 years$3,062$1,852$1,077$608$335$171
44 years$2,958$1,766$1,011$561$304$153
45 years$2,860$1,684$950$518$276$136
46 years$2,766$1,606$892$479$251$121
47 years$2,677$1,533$838$442$228$108
48 years$2,591$1,463$787$409$207$96
49 years$2,509$1,397$740$378$188$86
50 years$2,431$1,335$696$349$171$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,490,000, adding $5,981 every year, while hoping to spend $55,610 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: 76/6/18 Blend
79$2,490,000$2,490,000$2,490,000$2,490,000
80$2,750,149$2,618,179$2,579,584$2,947,440
81$2,971,496$2,687,302$2,606,832$3,147,893
82$3,213,556$2,757,947$2,633,128$3,360,122
83$3,478,384$2,830,131$2,658,383$3,591,329
84$3,768,241$2,903,870$2,682,501$3,843,389
85$4,085,618$2,979,176$2,705,381$4,118,372
86$4,433,258$3,056,062$2,726,918$4,418,555
87$4,814,180$3,134,539$2,747,000$4,746,448
88$5,231,711$3,214,616$2,765,509$5,104,817
89$5,689,515$3,296,302$2,782,323$5,496,706
90$6,191,626$3,379,601$2,797,311$5,925,472
91$6,742,489$3,464,518$2,810,338$6,394,812
92$7,346,998$3,551,055$2,821,260$6,908,798
93$8,010,545$3,639,210$2,829,925$7,471,920
94$8,739,070$3,728,981$2,836,177$8,089,121
95$9,539,116$3,820,361$2,839,849$8,765,851
96$10,417,888$3,913,342$2,840,767$9,508,112
97$11,383,328$4,007,910$2,838,748$10,322,520
98$12,444,181$4,104,052$2,833,600$11,216,364
99$13,610,083$4,201,746$2,825,121$12,197,676
100$14,891,651$4,300,971$2,813,101$13,275,305