Can I retire at age 79 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$66,889$66,293$65,712$65,145$64,591$64,103
2 years$33,113$32,497$31,899$31,319$30,757$30,266
3 years$21,856$21,237$20,641$20,067$19,514$19,033
4 years$16,229$15,611$15,021$14,457$13,917$13,452
5 years$12,853$12,240$11,657$11,104$10,580$10,131
6 years$10,604$9,994$9,421$8,880$8,371$7,939
7 years$8,997$8,393$7,829$7,301$6,808$6,393
8 years$7,793$7,195$6,639$6,125$5,648$5,250
9 years$6,857$6,264$5,718$5,217$4,756$4,375
10 years$6,109$5,522$4,985$4,497$4,053$3,688
11 years$5,497$4,916$4,389$3,914$3,486$3,138
12 years$4,987$4,412$3,895$3,433$3,020$2,689
13 years$4,556$3,987$3,480$3,031$2,634$2,318
14 years$4,187$3,624$3,127$2,690$2,309$2,008
15 years$3,868$3,311$2,823$2,399$2,033$1,747
16 years$3,589$3,038$2,560$2,148$1,797$1,526
17 years$3,342$2,797$2,329$1,930$1,593$1,336
18 years$3,124$2,585$2,126$1,739$1,416$1,173
19 years$2,929$2,396$1,946$1,572$1,263$1,033
20 years$2,753$2,226$1,786$1,424$1,128$911
21 years$2,594$2,074$1,643$1,292$1,009$804
22 years$2,450$1,936$1,514$1,175$905$711
23 years$2,319$1,810$1,398$1,070$812$630
24 years$2,199$1,696$1,293$976$730$559
25 years$2,088$1,592$1,198$891$657$496
26 years$1,987$1,496$1,111$815$592$440
27 years$1,892$1,408$1,031$746$533$392
28 years$1,805$1,327$959$683$481$348
29 years$1,724$1,252$892$627$435$310
30 years$1,649$1,182$831$575$393$276
31 years$1,578$1,117$775$528$355$246
32 years$1,512$1,057$723$485$321$219
33 years$1,451$1,001$675$446$291$196
34 years$1,393$949$631$411$263$174
35 years$1,338$900$590$378$238$156
36 years$1,286$854$552$348$216$139
37 years$1,238$811$516$321$196$124
38 years$1,192$771$484$296$177$111
39 years$1,149$733$453$273$161$99
40 years$1,107$698$425$251$146$88
41 years$1,068$664$398$232$132$79
42 years$1,031$632$373$214$120$71
43 years$996$603$350$198$109$63
44 years$962$574$329$183$99$56
45 years$930$548$309$169$90$50
46 years$900$523$290$156$82$45
47 years$871$499$273$144$74$40
48 years$843$476$256$133$67$36
49 years$816$455$241$123$61$32
50 years$791$434$226$114$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $810,000, adding $2,080 every year, while hoping to spend $48,059 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: 61/13/26 Blend
78$810,000$810,000$810,000$810,000
79$894,766$851,836$839,281$943,001
80$934,897$842,441$816,262$966,631
81$977,512$830,976$790,862$987,013
82$1,022,811$817,287$762,949$1,008,225
83$1,071,017$801,213$732,387$1,030,359
84$1,122,373$782,585$699,034$1,053,515
85$1,177,143$761,220$662,740$1,077,807
86$1,235,619$736,927$623,349$1,103,364
87$1,298,120$709,503$580,699$1,130,328
88$1,364,994$678,735$534,618$1,158,858
89$1,436,625$644,395$484,929$1,189,135
90$1,513,433$606,242$431,447$1,221,357
91$1,595,879$564,024$373,976$1,255,749
92$1,684,469$517,471$312,314$1,292,558
93$1,779,758$466,301$246,250$1,332,064
94$1,882,356$410,212$175,562$1,374,575
95$1,992,932$348,889$100,020$1,420,437
96$2,112,223$281,995$19,382$1,470,035
97$2,241,035$209,179$0$1,523,794
98$2,380,258$130,065$0$1,600,689
99$2,530,865$44,260$0$1,689,690
100$2,693,932$0$0$1,786,080