Can I retire at age 80 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$230,396$228,343$226,341$224,387$222,479$220,984
2 years$114,057$111,933$109,874$107,878$105,942$104,435
3 years$75,283$73,149$71,096$69,119$67,214$65,741
4 years$55,899$53,773$51,740$49,796$47,938$46,509
5 years$44,272$42,158$40,152$38,248$36,441$35,063
6 years$36,524$34,425$32,449$30,587$28,835$27,507
7 years$30,991$28,910$26,965$25,148$23,450$22,175
8 years$26,843$24,782$22,869$21,096$19,454$18,231
9 years$23,619$21,577$19,697$17,969$16,383$15,211
10 years$21,041$19,019$17,172$15,489$13,960$12,838
11 years$18,933$16,931$15,118$13,480$12,006$10,935
12 years$17,178$15,197$13,417$11,824$10,404$9,382
13 years$15,694$13,733$11,987$10,439$9,072$8,099
14 years$14,423$12,483$10,770$9,266$7,953$7,026
15 years$13,323$11,404$9,724$8,264$7,002$6,121
16 years$12,361$10,463$8,816$7,400$6,189$5,352
17 years$11,513$9,636$8,023$6,648$5,487$4,694
18 years$10,760$8,904$7,324$5,992$4,879$4,128
19 years$10,087$8,252$6,704$5,414$4,349$3,638
20 years$9,482$7,668$6,153$4,903$3,884$3,212
21 years$8,936$7,143$5,660$4,450$3,476$2,841
22 years$8,440$6,667$5,216$4,046$3,116$2,517
23 years$7,987$6,236$4,816$3,685$2,797$2,233
24 years$7,573$5,843$4,454$3,361$2,514$1,983
25 years$7,193$5,483$4,125$3,069$2,262$1,762
26 years$6,843$5,153$3,826$2,806$2,038$1,568
27 years$6,519$4,850$3,553$2,569$1,837$1,396
28 years$6,218$4,570$3,303$2,354$1,658$1,244
29 years$5,939$4,311$3,074$2,158$1,497$1,109
30 years$5,679$4,071$2,863$1,981$1,353$989
31 years$5,436$3,849$2,669$1,819$1,223$883
32 years$5,209$3,642$2,490$1,672$1,106$788
33 years$4,996$3,449$2,325$1,537$1,001$704
34 years$4,797$3,269$2,173$1,415$906$629
35 years$4,608$3,100$2,031$1,302$821$562
36 years$4,431$2,943$1,900$1,199$744$503
37 years$4,264$2,795$1,778$1,105$674$450
38 years$4,106$2,656$1,665$1,018$611$402
39 years$3,956$2,526$1,560$939$554$360
40 years$3,814$2,403$1,463$866$503$322
41 years$3,680$2,287$1,371$799$456$288
42 years$3,552$2,178$1,286$738$414$258
43 years$3,431$2,076$1,207$681$376$231
44 years$3,315$1,978$1,133$629$341$207
45 years$3,205$1,887$1,064$581$309$185
46 years$3,100$1,800$999$536$281$166
47 years$2,999$1,718$939$495$255$148
48 years$2,903$1,640$882$458$232$133
49 years$2,812$1,566$829$423$210$119
50 years$2,724$1,496$780$391$191$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,790,000, adding $3,542 every year, while hoping to spend $25,037 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: 60/21/19 Blend
79$2,790,000$2,790,000$2,790,000$2,790,000
80$3,078,234$2,930,364$2,887,119$3,247,502
81$3,365,574$3,047,312$2,957,198$3,479,374
82$3,681,384$3,169,152$3,028,786$3,729,151
83$4,028,542$3,296,097$3,101,906$4,001,082
84$4,410,216$3,428,369$3,176,583$4,297,316
85$4,829,901$3,566,201$3,252,841$4,620,221
86$5,291,443$3,709,837$3,330,704$4,972,398
87$5,799,083$3,859,532$3,410,195$5,356,711
88$6,357,491$4,015,551$3,491,338$5,776,312
89$6,971,814$4,178,172$3,574,157$6,234,670
90$7,647,723$4,347,686$3,658,675$6,735,604
91$8,391,465$4,524,397$3,744,915$7,283,314
92$9,209,924$4,708,623$3,832,900$7,882,429
93$10,110,687$4,900,695$3,922,652$8,538,041
94$11,102,109$5,100,961$4,014,193$9,255,756
95$12,193,401$5,309,785$4,107,545$10,041,749
96$13,394,709$5,527,545$4,202,729$10,902,816
97$14,717,214$5,754,640$4,299,765$11,846,441
98$16,173,236$5,991,484$4,398,674$12,880,867
99$17,776,351$6,238,512$4,499,474$14,015,169
100$19,541,517$6,496,177$4,602,185$15,259,341