Can I retire at age 80 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$218,835$216,885$214,983$213,127$211,315$210,424
2 years$108,334$106,316$104,361$102,465$100,626$99,727
3 years$71,505$69,479$67,528$65,650$63,841$62,962
4 years$53,094$51,074$49,143$47,297$45,532$44,679
5 years$42,051$40,043$38,137$36,329$34,613$33,788
6 years$34,691$32,698$30,821$29,053$27,388$26,593
7 years$29,436$27,460$25,612$23,886$22,274$21,509
8 years$25,496$23,538$21,721$20,037$18,478$17,743
9 years$22,434$20,494$18,708$17,067$15,561$14,856
10 years$19,985$18,065$16,310$14,712$13,259$12,584
11 years$17,983$16,082$14,359$12,804$11,403$10,757
12 years$16,316$14,434$12,744$11,231$9,882$9,264
13 years$14,907$13,044$11,386$9,915$8,617$8,028
14 years$13,699$11,857$10,230$8,801$7,554$6,992
15 years$12,654$10,831$9,236$7,849$6,651$6,116
16 years$11,740$9,938$8,374$7,028$5,878$5,369
17 years$10,935$9,152$7,620$6,315$5,212$4,729
18 years$10,220$8,457$6,956$5,691$4,634$4,175
19 years$9,581$7,838$6,368$5,142$4,131$3,696
20 years$9,007$7,283$5,844$4,657$3,689$3,277
21 years$8,487$6,784$5,376$4,227$3,302$2,912
22 years$8,016$6,333$4,954$3,843$2,959$2,591
23 years$7,587$5,923$4,575$3,500$2,657$2,309
24 years$7,193$5,549$4,231$3,192$2,388$2,059
25 years$6,832$5,208$3,918$2,915$2,149$1,839
26 years$6,499$4,895$3,634$2,666$1,935$1,644
27 years$6,192$4,606$3,375$2,440$1,745$1,471
28 years$5,906$4,341$3,137$2,235$1,575$1,317
29 years$5,641$4,095$2,919$2,050$1,422$1,180
30 years$5,394$3,867$2,719$1,881$1,285$1,057
31 years$5,164$3,656$2,535$1,728$1,161$948
32 years$4,948$3,459$2,365$1,588$1,051$851
33 years$4,746$3,276$2,209$1,460$951$764
34 years$4,556$3,105$2,064$1,344$861$686
35 years$4,377$2,945$1,929$1,237$780$616
36 years$4,209$2,795$1,805$1,139$706$554
37 years$4,050$2,655$1,689$1,050$640$497
38 years$3,900$2,523$1,582$967$580$447
39 years$3,758$2,399$1,482$892$526$402
40 years$3,623$2,282$1,389$823$477$362
41 years$3,495$2,173$1,303$759$433$325
42 years$3,374$2,069$1,222$701$393$293
43 years$3,258$1,971$1,147$647$357$263
44 years$3,149$1,879$1,076$597$324$237
45 years$3,044$1,792$1,011$551$294$213
46 years$2,944$1,710$949$509$267$192
47 years$2,849$1,631$892$471$242$173
48 years$2,758$1,557$838$435$220$156
49 years$2,671$1,487$788$402$200$140
50 years$2,587$1,421$740$371$182$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,650,000, adding $2,387 every year, while hoping to spend $28,691 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: 80/7/13 Blend
79$2,650,000$2,650,000$2,650,000$2,650,000
80$2,922,762$2,782,312$2,741,237$3,149,091
81$3,190,357$2,888,118$2,802,542$3,403,957
82$3,484,285$2,998,148$2,864,938$3,679,633
83$3,807,201$3,112,576$2,928,433$3,981,338
84$4,162,032$3,231,589$2,993,032$4,311,667
85$4,552,000$3,355,378$3,058,740$4,673,475
86$4,980,657$3,484,144$3,125,560$5,069,909
87$5,451,913$3,618,096$3,193,495$5,504,433
88$5,970,080$3,757,454$3,262,549$5,980,862
89$6,539,904$3,902,446$3,332,721$6,503,401
90$7,166,619$4,053,310$3,404,011$7,076,679
91$7,855,987$4,210,295$3,476,418$7,705,795
92$8,614,359$4,373,661$3,549,940$8,396,367
93$9,448,733$4,543,680$3,624,572$9,154,583
94$10,366,817$4,720,634$3,700,309$9,987,261
95$11,377,107$4,904,820$3,777,144$10,901,909
96$12,488,963$5,096,546$3,855,069$11,906,802
97$13,712,696$5,296,136$3,934,073$13,011,052
98$15,059,671$5,503,926$4,014,144$14,224,702
99$16,542,408$5,720,269$4,095,268$15,558,814
100$18,174,703$5,945,532$4,177,429$17,025,576