Can I retire at age 80 with 3,700,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$305,543$302,821$300,166$297,574$295,043$290,514
2 years$151,259$148,442$145,711$143,064$140,497$135,945
3 years$99,837$97,008$94,285$91,663$89,137$84,704
4 years$74,132$71,311$68,615$66,038$63,573$59,293
5 years$58,713$55,909$53,248$50,723$48,327$44,212
6 years$48,436$45,654$43,033$40,564$38,240$34,295
7 years$41,099$38,340$35,760$33,350$31,099$27,325
8 years$35,599$32,864$30,328$27,976$25,800$22,197
9 years$31,323$28,614$26,121$23,830$21,727$18,293
10 years$27,904$25,222$22,773$20,541$18,513$15,244
11 years$25,109$22,454$20,049$17,877$15,921$12,816
12 years$22,781$20,153$17,793$15,681$13,797$10,851
13 years$20,813$18,213$15,897$13,844$12,031$9,240
14 years$19,128$16,555$14,283$12,289$10,547$7,905
15 years$17,668$15,123$12,896$10,960$9,286$6,790
16 years$16,392$13,875$11,692$9,813$8,207$5,852
17 years$15,268$12,779$10,639$8,817$7,277$5,057
18 years$14,269$11,808$9,712$7,946$6,470$4,381
19 years$13,377$10,944$8,891$7,180$5,767$3,802
20 years$12,575$10,169$8,160$6,503$5,151$3,306
21 years$11,850$9,472$7,506$5,902$4,610$2,879
22 years$11,192$8,842$6,917$5,366$4,132$2,510
23 years$10,593$8,270$6,387$4,887$3,709$2,191
24 years$10,044$7,748$5,907$4,457$3,334$1,914
25 years$9,539$7,271$5,471$4,070$3,000$1,674
26 years$9,074$6,834$5,074$3,722$2,702$1,465
27 years$8,645$6,431$4,712$3,407$2,436$1,283
28 years$8,246$6,060$4,380$3,121$2,198$1,124
29 years$7,876$5,717$4,076$2,862$1,985$985
30 years$7,532$5,399$3,797$2,627$1,794$864
31 years$7,210$5,104$3,540$2,413$1,622$758
32 years$6,909$4,830$3,303$2,217$1,467$665
33 years$6,626$4,574$3,084$2,039$1,328$584
34 years$6,361$4,335$2,881$1,876$1,202$512
35 years$6,112$4,111$2,694$1,727$1,089$450
36 years$5,876$3,902$2,520$1,590$986$395
37 years$5,655$3,706$2,359$1,465$894$347
38 years$5,445$3,522$2,209$1,351$810$305
39 years$5,247$3,349$2,069$1,245$735$268
40 years$5,058$3,187$1,940$1,149$667$236
41 years$4,880$3,033$1,819$1,060$605$207
42 years$4,711$2,889$1,706$978$549$182
43 years$4,550$2,753$1,601$903$498$160
44 years$4,396$2,624$1,503$834$452$141
45 years$4,250$2,502$1,411$770$410$124
46 years$4,111$2,387$1,325$711$373$109
47 years$3,978$2,278$1,245$657$338$96
48 years$3,850$2,174$1,170$607$307$84
49 years$3,729$2,076$1,100$561$279$74
50 years$3,612$1,984$1,034$519$253$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $3,700,000, adding $3,512 every year, while hoping to spend $30,366 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: 76/11/13 Blend