Can I retire at age 80 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$346,832$343,743$340,729$337,787$334,914$328,420
2 years$171,699$168,501$165,402$162,397$159,483$152,967
3 years$113,329$110,117$107,026$104,050$101,182$94,848
4 years$84,150$80,948$77,888$74,962$72,164$66,059
5 years$66,647$63,464$60,444$57,578$54,858$49,000
6 years$54,982$51,823$48,848$46,046$43,407$37,803
7 years$46,653$43,521$40,593$37,857$35,302$29,952
8 years$40,409$37,306$34,426$31,757$29,286$24,190
9 years$35,556$32,481$29,651$27,050$24,663$19,817
10 years$31,675$28,631$25,850$23,317$21,014$16,414
11 years$28,502$25,488$22,758$20,293$18,073$13,713
12 years$25,860$22,877$20,197$17,800$15,662$11,536
13 years$23,626$20,674$18,045$15,714$13,657$9,758
14 years$21,712$18,792$16,214$13,950$11,972$8,293
15 years$20,056$17,167$14,639$12,441$10,541$7,074
16 years$18,608$15,750$13,272$11,139$9,316$6,054
17 years$17,331$14,505$12,077$10,008$8,260$5,195
18 years$16,198$13,404$11,025$9,020$7,345$4,467
19 years$15,185$12,422$10,093$8,150$6,547$3,849
20 years$14,274$11,543$9,263$7,381$5,847$3,322
21 years$13,452$10,752$8,520$6,699$5,233$2,871
22 years$12,705$10,037$7,852$6,091$4,690$2,484
23 years$12,024$9,387$7,250$5,547$4,210$2,151
24 years$11,401$8,795$6,705$5,059$3,784$1,865
25 years$10,828$8,254$6,210$4,621$3,405$1,618
26 years$10,301$7,757$5,760$4,225$3,067$1,405
27 years$9,813$7,301$5,348$3,867$2,766$1,220
28 years$9,361$6,879$4,972$3,543$2,495$1,060
29 years$8,941$6,490$4,627$3,249$2,253$922
30 years$8,549$6,129$4,310$2,982$2,036$802
31 years$8,184$5,794$4,018$2,739$1,841$697
32 years$7,842$5,482$3,749$2,517$1,665$607
33 years$7,522$5,192$3,500$2,314$1,507$528
34 years$7,221$4,921$3,270$2,129$1,364$460
35 years$6,937$4,667$3,058$1,960$1,236$401
36 years$6,671$4,430$2,860$1,805$1,120$349
37 years$6,419$4,207$2,677$1,663$1,015$304
38 years$6,181$3,998$2,507$1,533$920$265
39 years$5,956$3,802$2,349$1,414$834$231
40 years$5,742$3,617$2,202$1,304$757$201
41 years$5,540$3,443$2,064$1,203$687$175
42 years$5,347$3,279$1,937$1,110$623$153
43 years$5,164$3,125$1,817$1,025$565$133
44 years$4,990$2,978$1,706$946$513$116
45 years$4,824$2,840$1,602$874$466$101
46 years$4,666$2,709$1,504$807$423$88
47 years$4,515$2,586$1,413$746$384$77
48 years$4,371$2,468$1,328$689$349$67
49 years$4,233$2,357$1,248$637$317$58
50 years$4,101$2,252$1,174$589$288$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,200,000, adding $6,383 every year, while hoping to spend $50,783 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: 75/13/12 Blend
79$4,200,000$4,200,000$4,200,000$4,200,000
80$4,634,984$4,412,384$4,347,284$4,971,109
81$5,053,720$4,574,558$4,438,885$5,355,937
82$5,513,464$4,742,977$4,531,853$5,770,561
83$6,018,347$4,917,892$4,626,180$6,223,551
84$6,572,917$5,099,568$4,721,856$6,718,702
85$7,182,186$5,288,277$4,818,868$7,260,190
86$7,851,672$5,484,307$4,917,204$7,852,616
87$8,587,459$5,687,954$5,016,847$8,501,046
88$9,396,246$5,899,530$5,117,778$9,211,057
89$10,285,415$6,119,358$5,219,975$9,988,791
90$11,263,097$6,347,777$5,323,414$10,841,013
91$12,338,253$6,585,138$5,428,068$11,775,173
92$13,520,754$6,831,809$5,533,908$12,799,476
93$14,821,477$7,088,173$5,640,899$13,922,960
94$16,252,403$7,354,629$5,749,005$15,155,580
95$17,826,736$7,631,594$5,858,185$16,508,298
96$19,559,025$7,919,503$5,968,395$17,993,193
97$21,465,296$8,218,810$6,079,587$19,623,568
98$23,563,211$8,529,987$6,191,708$21,414,078
99$25,872,230$8,853,527$6,304,702$23,380,868
100$28,413,795$9,189,947$6,418,507$25,541,721