Can I retire at age 80 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$206,448$204,609$202,815$201,063$199,354$197,848
2 years$102,202$100,298$98,454$96,665$94,930$93,413
3 years$67,458$65,546$63,706$61,934$60,228$58,745
4 years$50,089$48,183$46,362$44,620$42,955$41,518
5 years$39,671$37,776$35,979$34,273$32,654$31,267
6 years$32,727$30,847$29,076$27,408$25,838$24,503
7 years$27,770$25,905$24,162$22,534$21,013$19,731
8 years$24,053$22,206$20,492$18,903$17,432$16,203
9 years$21,164$19,334$17,649$16,101$14,680$13,504
10 years$18,854$17,042$15,387$13,879$12,509$11,384
11 years$16,965$15,172$13,547$12,079$10,758$9,684
12 years$15,393$13,617$12,022$10,595$9,322$8,298
13 years$14,063$12,306$10,741$9,354$8,129$7,154
14 years$12,924$11,186$9,651$8,303$7,126$6,199
15 years$11,938$10,218$8,713$7,405$6,274$5,393
16 years$11,076$9,375$7,900$6,630$5,545$4,709
17 years$10,316$8,634$7,189$5,957$4,917$4,124
18 years$9,642$7,978$6,562$5,369$4,372$3,622
19 years$9,039$7,394$6,008$4,851$3,897$3,187
20 years$8,497$6,871$5,513$4,394$3,481$2,810
21 years$8,007$6,400$5,071$3,988$3,115$2,482
22 years$7,562$5,974$4,674$3,626$2,792$2,195
23 years$7,157$5,588$4,316$3,302$2,506$1,944
24 years$6,786$5,235$3,991$3,012$2,253$1,724
25 years$6,445$4,913$3,697$2,750$2,027$1,530
26 years$6,131$4,617$3,428$2,515$1,826$1,359
27 years$5,841$4,346$3,184$2,302$1,646$1,208
28 years$5,572$4,095$2,960$2,109$1,485$1,075
29 years$5,322$3,863$2,754$1,934$1,341$957
30 years$5,089$3,648$2,565$1,775$1,212$852
31 years$4,871$3,449$2,392$1,630$1,096$759
32 years$4,668$3,263$2,231$1,498$991$677
33 years$4,477$3,090$2,084$1,378$897$604
34 years$4,298$2,929$1,947$1,268$812$538
35 years$4,129$2,778$1,820$1,167$736$480
36 years$3,971$2,637$1,703$1,075$666$429
37 years$3,821$2,504$1,594$990$604$383
38 years$3,679$2,380$1,492$913$548$342
39 years$3,545$2,263$1,398$841$497$305
40 years$3,418$2,153$1,310$776$450$273
41 years$3,297$2,050$1,229$716$409$244
42 years$3,183$1,952$1,153$661$371$218
43 years$3,074$1,860$1,082$610$337$194
44 years$2,970$1,773$1,015$563$305$174
45 years$2,872$1,691$953$520$277$155
46 years$2,777$1,613$895$481$252$139
47 years$2,688$1,539$841$444$229$124
48 years$2,602$1,469$791$410$208$111
49 years$2,519$1,403$743$379$189$99
50 years$2,441$1,340$699$350$171$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,500,000, adding $6,988 every year, while hoping to spend $34,978 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: 46/40/14 Blend
79$2,500,000$2,500,000$2,500,000$2,500,000
80$2,762,208$2,629,708$2,590,958$2,878,017
81$3,006,737$2,721,347$2,640,539$3,050,762
82$3,275,036$2,816,305$2,690,608$3,233,940
83$3,569,491$2,914,706$2,741,146$3,431,893
84$3,892,734$3,016,681$2,792,129$3,646,006
85$4,247,661$3,122,367$2,843,533$3,877,801
86$4,637,464$3,231,904$2,895,333$4,128,950
87$5,065,657$3,345,439$2,947,499$4,401,295
88$5,536,114$3,463,126$3,000,000$4,696,857
89$6,053,101$3,585,122$3,052,803$5,017,862
90$6,621,318$3,711,594$3,105,873$5,366,756
91$7,245,944$3,842,714$3,159,171$5,746,231
92$7,932,683$3,978,659$3,212,656$6,159,248
93$8,687,820$4,119,617$3,266,283$6,609,065
94$9,518,281$4,265,781$3,320,007$7,099,267
95$10,431,694$4,417,353$3,373,775$7,633,798
96$11,436,465$4,574,542$3,427,535$8,217,001
97$12,541,857$4,737,566$3,481,230$8,853,653
98$13,758,072$4,906,653$3,534,797$9,549,013
99$15,096,356$5,082,039$3,588,173$10,308,873
100$16,569,095$5,263,971$3,641,288$11,139,603