Can I retire at age 80 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$235,350$233,254$231,209$229,212$227,263$222,766
2 years$116,510$114,340$112,237$110,198$108,220$103,708
3 years$76,902$74,723$72,625$70,605$68,660$64,273
4 years$57,102$54,929$52,852$50,867$48,969$44,742
5 years$45,225$43,065$41,016$39,071$37,225$33,171
6 years$37,309$35,166$33,147$31,245$29,455$25,577
7 years$31,657$29,532$27,545$25,688$23,955$20,254
8 years$27,421$25,315$23,360$21,549$19,873$16,348
9 years$24,127$22,041$20,120$18,355$16,736$13,385
10 years$21,494$19,428$17,541$15,822$14,260$11,079
11 years$19,341$17,296$15,443$13,770$12,264$9,250
12 years$17,548$15,524$13,705$12,078$10,628$7,776
13 years$16,032$14,029$12,245$10,663$9,267$6,574
14 years$14,733$12,752$11,002$9,466$8,124$5,583
15 years$13,609$11,649$9,933$8,442$7,153$4,759
16 years$12,627$10,688$9,006$7,559$6,322$4,070
17 years$11,760$9,843$8,195$6,791$5,605$3,490
18 years$10,991$9,095$7,481$6,120$4,984$2,999
19 years$10,304$8,429$6,849$5,530$4,442$2,582
20 years$9,686$7,833$6,285$5,009$3,968$2,227
21 years$9,128$7,296$5,781$4,546$3,551$1,923
22 years$8,621$6,811$5,328$4,133$3,183$1,662
23 years$8,159$6,370$4,920$3,764$2,857$1,439
24 years$7,736$5,968$4,550$3,433$2,568$1,246
25 years$7,348$5,601$4,214$3,135$2,311$1,080
26 years$6,990$5,264$3,908$2,867$2,082$937
27 years$6,659$4,954$3,629$2,624$1,877$813
28 years$6,352$4,668$3,374$2,404$1,693$706
29 years$6,067$4,404$3,140$2,205$1,529$613
30 years$5,801$4,159$2,925$2,023$1,382$533
31 years$5,553$3,932$2,726$1,858$1,249$463
32 years$5,321$3,720$2,544$1,708$1,130$403
33 years$5,104$3,523$2,375$1,570$1,023$350
34 years$4,900$3,339$2,219$1,445$926$305
35 years$4,708$3,167$2,075$1,330$839$265
36 years$4,526$3,006$1,941$1,225$760$231
37 years$4,356$2,855$1,817$1,129$689$201
38 years$4,194$2,713$1,701$1,040$624$175
39 years$4,041$2,580$1,594$959$566$152
40 years$3,896$2,455$1,494$885$513$132
41 years$3,759$2,337$1,401$816$466$115
42 years$3,628$2,225$1,314$753$423$100
43 years$3,504$2,120$1,233$695$384$87
44 years$3,386$2,021$1,157$642$348$76
45 years$3,274$1,927$1,087$593$316$66
46 years$3,166$1,839$1,021$548$287$58
47 years$3,064$1,755$959$506$261$50
48 years$2,966$1,675$901$468$237$44
49 years$2,872$1,599$847$432$215$38
50 years$2,783$1,528$796$399$195$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $2,850,000, adding $6,546 every year, while hoping to spend $31,195 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: 72/11/17 Blend
79$2,850,000$2,850,000$2,850,000$2,850,000
80$3,147,452$2,996,402$2,952,227$3,361,190
81$3,435,301$3,110,035$3,017,936$3,617,614
82$3,751,465$3,228,190$3,084,800$3,893,941
83$4,098,799$3,351,056$3,152,825$4,195,750
84$4,480,449$3,478,830$3,222,017$4,525,561
85$4,899,880$3,611,717$3,292,380$4,886,147
86$5,360,909$3,749,933$3,363,916$5,280,563
87$5,867,742$3,893,700$3,436,627$5,712,173
88$6,425,013$4,043,252$3,510,515$6,184,679
89$7,037,826$4,198,833$3,585,579$6,702,160
90$7,711,806$4,360,698$3,661,818$7,269,108
91$8,453,150$4,529,112$3,739,229$7,890,471
92$9,268,686$4,704,353$3,817,808$8,571,697
93$10,165,935$4,886,710$3,897,548$9,318,787
94$11,153,187$5,076,485$3,978,442$10,138,352
95$12,239,574$5,273,995$4,060,482$11,037,671
96$13,435,159$5,479,569$4,143,656$12,024,767
97$14,751,028$5,693,551$4,227,952$13,108,472
98$16,199,399$5,916,301$4,313,354$14,298,521
99$17,793,732$6,148,194$4,399,846$15,605,632
100$19,548,860$6,389,622$4,487,408$17,041,618