Can I retire at age 80 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$224,615$222,614$220,662$218,757$216,897$213,920
2 years$111,196$109,125$107,118$105,172$103,284$100,291
3 years$73,394$71,314$69,312$67,384$65,528$62,610
4 years$54,497$52,423$50,442$48,547$46,735$43,916
5 years$43,162$41,101$39,145$37,289$35,527$32,815
6 years$35,607$33,562$31,635$29,820$28,111$25,509
7 years$30,213$28,185$26,289$24,517$22,862$20,371
8 years$26,170$24,160$22,295$20,566$18,966$16,586
9 years$23,027$21,035$19,203$17,518$15,972$13,701
10 years$20,513$18,542$16,741$15,101$13,609$11,446
11 years$18,458$16,507$14,739$13,142$11,704$9,647
12 years$16,747$14,815$13,080$11,527$10,143$8,188
13 years$15,300$13,389$11,686$10,177$8,845$6,991
14 years$14,061$12,170$10,500$9,034$7,753$5,997
15 years$12,988$11,118$9,480$8,057$6,827$5,165
16 years$12,051$10,200$8,595$7,214$6,033$4,464
17 years$11,224$9,394$7,821$6,482$5,350$3,869
18 years$10,490$8,680$7,140$5,841$4,757$3,361
19 years$9,834$8,045$6,536$5,278$4,240$2,926
20 years$9,244$7,476$5,999$4,780$3,787$2,552
21 years$8,712$6,963$5,518$4,338$3,389$2,229
22 years$8,228$6,500$5,085$3,945$3,038$1,949
23 years$7,787$6,079$4,695$3,592$2,727$1,707
24 years$7,383$5,696$4,342$3,277$2,451$1,496
25 years$7,013$5,345$4,022$2,992$2,205$1,312
26 years$6,671$5,024$3,730$2,736$1,987$1,152
27 years$6,355$4,728$3,464$2,504$1,791$1,012
28 years$6,062$4,455$3,220$2,295$1,616$889
29 years$5,790$4,203$2,997$2,104$1,459$782
30 years$5,537$3,969$2,791$1,931$1,319$688
31 years$5,300$3,752$2,602$1,774$1,192$606
32 years$5,079$3,550$2,428$1,630$1,078$533
33 years$4,871$3,362$2,267$1,499$976$469
34 years$4,676$3,187$2,118$1,379$884$414
35 years$4,493$3,023$1,980$1,270$800$364
36 years$4,320$2,869$1,852$1,169$725$321
37 years$4,157$2,725$1,734$1,077$657$283
38 years$4,003$2,589$1,624$993$596$250
39 years$3,857$2,462$1,521$916$540$220
40 years$3,719$2,343$1,426$844$490$194
41 years$3,588$2,230$1,337$779$445$171
42 years$3,463$2,124$1,254$719$403$151
43 years$3,345$2,024$1,177$664$366$133
44 years$3,232$1,929$1,105$613$332$117
45 years$3,124$1,839$1,037$566$302$104
46 years$3,022$1,755$974$523$274$91
47 years$2,924$1,674$915$483$249$81
48 years$2,831$1,599$860$446$226$71
49 years$2,741$1,526$808$412$205$63
50 years$2,656$1,458$760$381$186$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,720,000, adding $3,089 every year, while hoping to spend $59,011 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: 67/27/6 Blend
79$2,720,000$2,720,000$2,720,000$2,720,000
80$3,000,626$2,856,466$2,814,306$3,198,768
81$3,243,903$2,933,646$2,845,798$3,407,716
82$3,510,016$3,012,630$2,876,368$3,628,629
83$3,801,232$3,093,443$2,905,921$3,868,538
84$4,120,049$3,176,112$2,934,360$4,129,286
85$4,469,214$3,260,662$2,961,580$4,412,905
86$4,851,754$3,347,115$2,987,474$4,721,629
87$5,271,004$3,435,495$3,011,926$5,057,919
88$5,730,636$3,525,823$3,034,814$5,424,485
89$6,234,692$3,618,120$3,056,012$5,824,312
90$6,787,628$3,712,405$3,075,385$6,260,683
91$7,394,348$3,808,695$3,092,793$6,737,219
92$8,060,257$3,907,006$3,108,087$7,257,905
93$8,791,306$4,007,353$3,121,111$7,827,130
94$9,594,053$4,109,747$3,131,702$8,449,728
95$10,475,721$4,214,199$3,139,688$9,131,024
96$11,444,265$4,320,715$3,144,889$9,876,885
97$12,508,451$4,429,302$3,147,114$10,693,773
98$13,677,936$4,539,960$3,146,165$11,588,805
99$14,963,358$4,652,690$3,141,833$12,569,823
100$16,376,436$4,767,488$3,133,900$13,645,466