Can I retire at age 80 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$218,009$216,067$214,172$212,323$210,517$205,512
2 years$107,925$105,915$103,967$102,078$100,246$95,232
3 years$71,235$69,217$67,274$65,403$63,600$58,735
4 years$52,894$50,882$48,958$47,119$45,360$40,681
5 years$41,892$39,892$37,993$36,192$34,482$30,002
6 years$34,560$32,575$30,704$28,943$27,285$23,008
7 years$29,325$27,356$25,515$23,796$22,190$18,117
8 years$25,400$23,449$21,639$19,961$18,408$14,538
9 years$22,349$20,417$18,638$17,003$15,503$11,832
10 years$19,910$17,996$16,249$14,657$13,209$9,734
11 years$17,916$16,021$14,305$12,756$11,360$8,075
12 years$16,255$14,380$12,695$11,188$9,844$6,745
13 years$14,850$12,995$11,343$9,878$8,585$5,664
14 years$13,648$11,812$10,191$8,768$7,525$4,777
15 years$12,606$10,791$9,201$7,820$6,626$4,044
16 years$11,696$9,900$8,342$7,002$5,856$3,434
17 years$10,894$9,118$7,591$6,291$5,192$2,923
18 years$10,181$8,425$6,930$5,669$4,617$2,494
19 years$9,545$7,808$6,344$5,123$4,115$2,131
20 years$8,973$7,256$5,822$4,640$3,676$1,824
21 years$8,455$6,759$5,355$4,211$3,289$1,563
22 years$7,986$6,309$4,936$3,829$2,948$1,341
23 years$7,558$5,901$4,557$3,487$2,647$1,152
24 years$7,166$5,528$4,215$3,180$2,379$990
25 years$6,806$5,188$3,904$2,904$2,141$851
26 years$6,475$4,876$3,620$2,656$1,928$732
27 years$6,168$4,589$3,362$2,431$1,738$631
28 years$5,884$4,324$3,125$2,227$1,569$543
29 years$5,620$4,079$2,908$2,042$1,416$468
30 years$5,374$3,852$2,709$1,874$1,280$403
31 years$5,144$3,642$2,526$1,721$1,157$348
32 years$4,929$3,446$2,356$1,582$1,047$300
33 years$4,728$3,263$2,200$1,455$947$259
34 years$4,539$3,093$2,056$1,339$858$223
35 years$4,361$2,934$1,922$1,232$777$192
36 years$4,193$2,784$1,798$1,135$704$166
37 years$4,035$2,645$1,683$1,046$638$143
38 years$3,885$2,513$1,576$964$578$124
39 years$3,743$2,390$1,476$889$524$107
40 years$3,609$2,274$1,384$820$476$92
41 years$3,482$2,164$1,298$756$432$80
42 years$3,361$2,061$1,217$698$392$69
43 years$3,246$1,964$1,142$644$355$59
44 years$3,137$1,872$1,072$595$323$51
45 years$3,032$1,785$1,007$549$293$44
46 years$2,933$1,703$946$507$266$38
47 years$2,838$1,625$888$469$241$33
48 years$2,747$1,551$835$433$219$28
49 years$2,661$1,482$785$400$199$25
50 years$2,578$1,415$738$370$181$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,640,000, adding $4,057 every year, while hoping to spend $23,164 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: 44/41/15 Blend
79$2,640,000$2,640,000$2,640,000$2,640,000
80$2,913,465$2,773,545$2,732,625$3,028,887
81$3,185,992$2,884,802$2,799,521$3,221,269
82$3,485,540$3,000,735$2,867,883$3,427,028
83$3,814,842$3,121,547$2,937,733$3,649,544
84$4,176,906$3,247,454$3,009,098$3,890,374
85$4,575,049$3,378,677$3,082,001$4,151,225
86$5,012,924$3,515,452$3,156,468$4,433,973
87$5,494,555$3,658,022$3,232,522$4,740,678
88$6,024,377$3,806,643$3,310,189$5,073,605
89$6,607,277$3,961,582$3,389,494$5,435,240
90$7,248,637$4,123,117$3,470,460$5,828,319
91$7,954,390$4,291,542$3,553,112$6,255,848
92$8,731,071$4,467,161$3,637,475$6,721,129
93$9,585,882$4,650,293$3,723,572$7,227,796
94$10,526,757$4,841,272$3,811,426$7,779,844
95$11,562,439$5,040,447$3,901,062$8,381,666
96$12,702,562$5,248,183$3,992,502$9,038,094
97$13,957,741$5,464,863$4,085,769$9,754,442
98$15,339,674$5,690,884$4,180,885$10,536,558
99$16,861,248$5,926,665$4,277,872$11,390,873
100$18,536,667$6,172,642$4,376,752$12,324,467