Can I retire at age 80 with 3,500,000?

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 $3,500,000?

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%
1 years$289,027$286,452$283,940$281,489$279,095$277,802
2 years$143,083$140,418$137,835$135,331$132,902$131,597
3 years$94,441$91,765$89,188$86,708$84,319$83,042
4 years$70,125$67,457$64,906$62,468$60,137$58,898
5 years$55,539$52,887$50,370$47,982$45,715$44,518
6 years$45,818$43,186$40,706$38,371$36,173$35,019
7 years$38,878$36,268$33,827$31,547$29,418$28,308
8 years$33,674$31,088$28,688$26,464$24,405$23,339
9 years$29,630$27,068$24,709$22,542$20,553$19,531
10 years$26,396$23,859$21,542$19,431$17,512$16,533
11 years$23,752$21,240$18,965$16,911$15,061$14,125
12 years$21,550$19,064$16,831$14,833$13,051$12,157
13 years$19,688$17,228$15,038$13,095$11,381$10,528
14 years$18,094$15,660$13,511$11,625$9,977$9,163
15 years$16,713$14,306$12,199$10,367$8,784$8,010
16 years$15,506$13,125$11,060$9,283$7,763$7,027
17 years$14,443$12,088$10,064$8,340$6,884$6,184
18 years$13,498$11,170$9,187$7,516$6,121$5,457
19 years$12,654$10,352$8,411$6,792$5,455$4,827
20 years$11,895$9,620$7,719$6,151$4,873$4,278
21 years$11,210$8,960$7,100$5,583$4,361$3,798
22 years$10,587$8,364$6,544$5,076$3,909$3,377
23 years$10,020$7,823$6,042$4,623$3,509$3,006
24 years$9,501$7,329$5,588$4,216$3,154$2,680
25 years$9,024$6,878$5,175$3,850$2,838$2,391
26 years$8,584$6,464$4,800$3,521$2,556$2,136
27 years$8,177$6,084$4,457$3,223$2,305$1,909
28 years$7,801$5,733$4,143$2,953$2,080$1,708
29 years$7,451$5,408$3,856$2,708$1,878$1,529
30 years$7,124$5,107$3,592$2,485$1,697$1,369
31 years$6,820$4,828$3,348$2,282$1,534$1,227
32 years$6,535$4,569$3,124$2,097$1,388$1,100
33 years$6,268$4,326$2,917$1,929$1,256$987
34 years$6,017$4,100$2,725$1,775$1,137$885
35 years$5,781$3,889$2,548$1,634$1,030$795
36 years$5,559$3,691$2,384$1,504$933$713
37 years$5,349$3,506$2,231$1,386$846$641
38 years$5,151$3,332$2,089$1,278$767$575
39 years$4,963$3,168$1,957$1,178$695$517
40 years$4,785$3,014$1,835$1,087$631$465
41 years$4,616$2,869$1,720$1,003$572$417
42 years$4,456$2,733$1,614$925$519$375
43 years$4,304$2,604$1,514$854$471$337
44 years$4,158$2,482$1,421$789$428$303
45 years$4,020$2,367$1,335$728$388$273
46 years$3,888$2,258$1,254$673$352$245
47 years$3,763$2,155$1,178$622$320$221
48 years$3,642$2,057$1,107$574$291$198
49 years$3,527$1,964$1,040$531$264$178
50 years$3,417$1,876$978$491$240$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $3,500,000, adding $5,124 every year, while hoping to spend $29,765 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: 48/22/30 Blend
79$3,500,000$3,500,000$3,500,000$3,500,000
80$3,862,285$3,676,785$3,622,535$4,014,321
81$4,224,569$3,825,278$3,712,221$4,270,610
82$4,622,807$3,980,049$3,803,913$4,545,479
83$5,060,637$4,141,376$3,897,647$4,843,439
84$5,542,065$4,309,545$3,993,461$5,166,686
85$6,071,503$4,484,860$4,091,389$5,517,635
86$6,653,814$4,667,636$4,191,469$5,898,944
87$7,294,356$4,858,204$4,293,736$6,313,534
88$7,999,032$5,056,907$4,398,227$6,764,617
89$8,774,345$5,264,107$4,504,980$7,255,730
90$9,627,462$5,480,182$4,614,030$7,790,760
91$10,566,277$5,705,526$4,725,415$8,373,988
92$11,599,492$5,940,551$4,839,171$9,010,121
93$12,736,691$6,185,689$4,955,334$9,704,341
94$13,988,437$6,441,391$5,073,941$10,462,351
95$15,366,369$6,708,130$5,195,029$11,290,427
96$16,883,309$6,986,399$5,318,633$12,195,478
97$18,553,389$7,276,715$5,444,790$13,185,108
98$20,392,178$7,579,618$5,573,534$14,267,689
99$22,416,834$7,895,672$5,704,901$15,452,439
100$24,646,261$8,225,470$5,838,925$16,749,503