Can I retire at age 80 with 4,700,000?

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:
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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$388,122$384,664$381,291$377,999$374,785$365,132
2 years$192,139$188,561$185,093$181,730$178,469$168,808
3 years$126,821$123,227$119,767$116,436$113,228$103,861
4 years$94,168$90,585$87,160$83,886$80,755$71,755
5 years$74,581$71,019$67,640$64,432$61,389$52,780
6 years$61,527$57,993$54,663$51,527$48,575$40,365
7 years$52,207$48,702$45,425$42,363$39,504$31,695
8 years$45,220$41,747$38,524$35,538$32,773$25,360
9 years$39,788$36,348$33,181$30,270$27,599$20,577
10 years$35,446$32,039$28,928$26,093$23,516$16,875
11 years$31,895$28,522$25,468$22,709$20,225$13,955
12 years$28,938$25,600$22,602$19,919$17,526$11,618
13 years$26,438$23,135$20,193$17,585$15,283$9,723
14 years$24,297$21,029$18,144$15,610$13,397$8,174
15 years$22,443$19,211$16,381$13,922$11,796$6,895
16 years$20,823$17,625$14,852$12,465$10,425$5,834
17 years$19,394$16,232$13,515$11,200$9,244$4,948
18 years$18,126$14,999$12,337$10,093$8,219$4,206
19 years$16,993$13,901$11,294$9,120$7,326$3,581
20 years$15,974$12,918$10,365$8,260$6,544$3,053
21 years$15,053$12,032$9,534$7,497$5,856$2,607
22 years$14,217$11,232$8,787$6,816$5,249$2,228
23 years$13,455$10,505$8,113$6,208$4,712$1,905
24 years$12,758$9,842$7,503$5,662$4,235$1,631
25 years$12,117$9,237$6,950$5,171$3,811$1,397
26 years$11,527$8,681$6,445$4,728$3,433$1,197
27 years$10,981$8,170$5,985$4,327$3,095$1,027
28 years$10,475$7,698$5,564$3,965$2,793$881
29 years$10,005$7,262$5,178$3,636$2,522$756
30 years$9,567$6,859$4,823$3,337$2,278$649
31 years$9,158$6,484$4,496$3,065$2,060$557
32 years$8,776$6,135$4,195$2,816$1,863$478
33 years$8,417$5,810$3,917$2,590$1,686$411
34 years$8,080$5,506$3,660$2,383$1,527$353
35 years$7,763$5,223$3,422$2,194$1,383$303
36 years$7,465$4,957$3,201$2,020$1,253$260
37 years$7,183$4,708$2,996$1,861$1,136$224
38 years$6,917$4,474$2,806$1,716$1,030$192
39 years$6,664$4,255$2,629$1,582$934$165
40 years$6,426$4,048$2,464$1,459$847$142
41 years$6,199$3,853$2,310$1,346$768$122
42 years$5,984$3,670$2,167$1,242$697$105
43 years$5,779$3,497$2,033$1,147$633$90
44 years$5,584$3,333$1,909$1,059$574$78
45 years$5,399$3,178$1,792$978$521$67
46 years$5,222$3,032$1,683$903$473$57
47 years$5,053$2,893$1,581$835$430$49
48 years$4,891$2,762$1,486$771$390$42
49 years$4,737$2,638$1,397$713$355$36
50 years$4,589$2,520$1,313$659$322$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,700,000, adding $4,936 every year, while hoping to spend $55,176 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: 52/22/26 Blend
79$4,700,000$4,700,000$4,700,000$4,700,000
80$5,184,491$4,935,391$4,862,541$5,416,155
81$5,654,603$5,118,519$4,966,730$5,760,433
82$6,170,816$5,308,770$5,072,559$6,128,722
83$6,737,776$5,506,436$5,180,026$6,528,246
84$7,360,598$5,711,820$5,289,126$6,962,005
85$8,044,918$5,925,239$5,399,851$7,433,301
86$8,796,945$6,147,021$5,512,191$7,945,764
87$9,623,520$6,377,511$5,626,136$8,503,392
88$10,532,178$6,617,068$5,741,670$9,110,581
89$11,531,221$6,866,066$5,858,777$9,772,171
90$12,629,796$7,124,894$5,977,438$10,493,488
91$13,837,982$7,393,960$6,097,628$11,280,395
92$15,166,881$7,673,689$6,219,323$12,139,347
93$16,628,726$7,964,523$6,342,494$13,077,447
94$18,236,997$8,266,925$6,467,108$14,102,519
95$20,006,543$8,581,378$6,593,129$15,223,173
96$21,953,729$8,908,383$6,720,517$16,448,892
97$24,096,583$9,248,468$6,849,228$17,790,117
98$26,454,970$9,602,179$6,979,213$19,258,345
99$29,050,780$9,970,088$7,110,420$20,866,238
100$31,908,131$10,352,794$7,242,790$22,627,739