Can I retire at age 80 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$225,441$223,433$221,474$219,561$217,694$214,885
2 years$111,604$109,526$107,511$105,558$103,664$100,837
3 years$73,664$71,576$69,567$67,632$65,769$63,013
4 years$54,697$52,616$50,627$48,725$46,907$44,243
5 years$43,320$41,252$39,289$37,426$35,658$33,094
6 years$35,738$33,685$31,751$29,930$28,215$25,754
7 years$30,324$28,289$26,385$24,607$22,946$20,589
8 years$26,266$24,249$22,377$20,642$19,036$16,783
9 years$23,111$21,113$19,273$17,582$16,031$13,880
10 years$20,589$18,610$16,803$15,156$13,659$11,610
11 years$18,526$16,567$14,793$13,190$11,747$9,797
12 years$16,809$14,870$13,128$11,570$10,180$8,326
13 years$15,357$13,438$11,729$10,214$8,877$7,118
14 years$14,113$12,215$10,539$9,067$7,782$6,115
15 years$13,036$11,158$9,515$8,086$6,852$5,274
16 years$12,095$10,238$8,627$7,240$6,056$4,564
17 years$11,265$9,429$7,850$6,505$5,369$3,961
18 years$10,529$8,712$7,166$5,863$4,774$3,446
19 years$9,870$8,075$6,560$5,297$4,255$3,004
20 years$9,278$7,503$6,021$4,798$3,801$2,624
21 years$8,744$6,989$5,538$4,354$3,401$2,295
22 years$8,258$6,524$5,104$3,959$3,049$2,010
23 years$7,816$6,102$4,713$3,606$2,737$1,763
24 years$7,410$5,717$4,358$3,289$2,460$1,547
25 years$7,038$5,365$4,037$3,003$2,214$1,360
26 years$6,695$5,042$3,744$2,746$1,994$1,195
27 years$6,378$4,745$3,477$2,514$1,798$1,052
28 years$6,085$4,472$3,232$2,303$1,622$926
29 years$5,811$4,218$3,008$2,112$1,465$816
30 years$5,557$3,984$2,801$1,938$1,323$719
31 years$5,320$3,766$2,612$1,780$1,196$634
32 years$5,097$3,563$2,437$1,636$1,082$559
33 years$4,889$3,375$2,275$1,504$979$493
34 years$4,693$3,198$2,126$1,384$887$435
35 years$4,509$3,034$1,987$1,274$803$384
36 years$4,336$2,879$1,859$1,173$728$339
37 years$4,172$2,735$1,740$1,081$660$299
38 years$4,017$2,599$1,630$997$598$264
39 years$3,871$2,471$1,527$919$542$233
40 years$3,732$2,351$1,431$848$492$206
41 years$3,601$2,238$1,342$782$446$182
42 years$3,476$2,132$1,259$722$405$161
43 years$3,357$2,031$1,181$666$367$142
44 years$3,244$1,936$1,109$615$334$126
45 years$3,136$1,846$1,041$568$303$111
46 years$3,033$1,761$978$525$275$98
47 years$2,935$1,681$919$485$250$87
48 years$2,841$1,604$863$448$227$77
49 years$2,751$1,532$811$414$206$68
50 years$2,665$1,464$763$383$187$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,730,000, adding $3,573 every year, while hoping to spend $27,409 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: 46/48/6 Blend
79$2,730,000$2,730,000$2,730,000$2,730,000
80$3,012,146$2,867,456$2,825,141$3,145,658
81$3,290,221$2,978,798$2,890,620$3,349,124
82$3,595,742$3,094,677$2,957,374$3,566,552
83$3,931,479$3,215,287$3,025,417$3,801,761
84$4,300,483$3,340,830$3,094,762$4,056,401
85$4,706,118$3,471,516$3,165,421$4,332,283
86$5,152,087$3,607,565$3,237,408$4,631,396
87$5,642,472$3,749,209$3,310,734$4,955,927
88$6,181,771$3,896,686$3,385,410$5,308,277
89$6,774,936$4,050,248$3,461,445$5,691,083
90$7,427,427$4,210,157$3,538,851$6,107,247
91$8,145,257$4,376,688$3,617,636$6,559,954
92$8,935,053$4,550,126$3,697,807$7,052,710
93$9,804,117$4,730,770$3,779,371$7,589,365
94$10,760,492$4,918,933$3,862,335$8,174,155
95$11,813,043$5,114,942$3,946,704$8,811,740
96$12,971,536$5,319,136$4,032,481$9,507,241
97$14,246,732$5,531,873$4,119,669$10,266,293
98$15,650,489$5,753,526$4,208,268$11,095,096
99$17,195,873$5,984,483$4,298,280$12,000,468
100$18,897,281$6,225,151$4,389,701$12,989,912