Can I retire at age 80 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$404,637$401,033$397,517$394,084$390,733$386,171
2 years$200,316$196,585$192,969$189,464$186,063$181,471
3 years$132,217$128,470$124,864$121,391$118,046$113,567
4 years$98,175$94,439$90,869$87,456$84,192$79,859
5 years$77,754$74,042$70,518$67,174$64,001$59,829
6 years$64,145$60,461$56,989$53,720$50,642$46,635
7 years$54,429$50,775$47,358$44,166$41,185$37,345
8 years$47,144$43,523$40,163$37,050$34,167$30,493
9 years$41,482$37,895$34,593$31,558$28,774$25,264
10 years$36,954$33,402$30,159$27,203$24,517$21,169
11 years$33,252$29,736$26,551$23,675$21,085$17,897
12 years$30,170$26,690$23,564$20,766$18,272$15,240
13 years$27,563$24,120$21,053$18,334$15,934$13,054
14 years$25,331$21,924$18,916$16,274$13,967$11,236
15 years$23,398$20,028$17,078$14,514$12,298$9,711
16 years$21,709$18,375$15,484$12,996$10,869$8,421
17 years$20,220$16,923$14,090$11,676$9,637$7,324
18 years$18,897$15,638$12,862$10,523$8,569$6,385
19 years$17,716$14,493$11,775$9,508$7,638$5,579
20 years$16,654$13,467$10,806$8,612$6,822$4,883
21 years$15,694$12,544$9,940$7,816$6,105$4,281
22 years$14,822$11,710$9,161$7,106$5,472$3,759
23 years$14,028$10,952$8,459$6,472$4,912$3,304
24 years$13,301$10,261$7,823$5,903$4,415$2,907
25 years$12,633$9,630$7,245$5,391$3,973$2,560
26 years$12,017$9,050$6,720$4,929$3,579$2,256
27 years$11,448$8,517$6,240$4,512$3,227$1,990
28 years$10,921$8,026$5,801$4,134$2,911$1,756
29 years$10,431$7,571$5,398$3,791$2,629$1,550
30 years$9,974$7,150$5,028$3,479$2,375$1,370
31 years$9,548$6,760$4,688$3,195$2,148$1,210
32 years$9,149$6,396$4,374$2,936$1,943$1,070
33 years$8,775$6,057$4,084$2,700$1,758$946
34 years$8,424$5,741$3,816$2,484$1,592$837
35 years$8,094$5,445$3,567$2,287$1,442$741
36 years$7,782$5,168$3,337$2,106$1,306$656
37 years$7,489$4,908$3,123$1,941$1,184$580
38 years$7,211$4,665$2,925$1,789$1,073$514
39 years$6,948$4,436$2,740$1,649$973$455
40 years$6,699$4,220$2,569$1,521$883$403
41 years$6,463$4,017$2,408$1,404$801$357
42 years$6,238$3,826$2,259$1,295$727$316
43 years$6,025$3,645$2,120$1,196$660$280
44 years$5,822$3,475$1,990$1,104$599$248
45 years$5,628$3,314$1,869$1,020$544$220
46 years$5,444$3,161$1,755$942$493$195
47 years$5,268$3,017$1,649$870$448$173
48 years$5,099$2,880$1,549$804$407$153
49 years$4,938$2,750$1,456$743$370$136
50 years$4,784$2,627$1,369$687$336$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $4,900,000, adding $2,732 every year, while hoping to spend $22,277 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: 59/16/25 Blend
79$4,900,000$4,900,000$4,900,000$4,900,000
80$5,402,618$5,142,918$5,066,968$5,684,824
81$5,929,983$5,371,218$5,213,009$6,105,783
82$6,510,392$5,609,959$5,363,196$6,562,085
83$7,149,232$5,859,628$5,517,643$7,059,315
84$7,852,440$6,120,736$5,676,471$7,601,449
85$8,626,556$6,393,819$5,839,799$8,192,861
86$9,478,786$6,679,437$6,007,754$8,838,362
87$10,417,072$6,978,179$6,180,463$9,543,248
88$11,450,164$7,290,661$6,358,059$10,313,345
89$12,587,703$7,617,526$6,540,677$11,155,066
90$13,840,315$7,959,450$6,728,456$12,075,468
91$15,219,706$8,317,142$6,921,538$13,082,319
92$16,738,776$8,691,343$7,120,070$14,184,167
93$18,411,742$9,082,829$7,324,203$15,390,426
94$20,254,267$9,492,415$7,534,091$16,711,457
95$22,283,612$9,920,953$7,749,893$18,158,665
96$24,518,797$10,369,337$7,971,771$19,744,611
97$26,980,783$10,838,503$8,199,894$21,483,122
98$29,692,665$11,329,431$8,434,432$23,389,423
99$32,679,894$11,843,151$8,675,563$25,480,281
100$35,970,515$12,380,737$8,923,466$27,774,157