Can I retire at age 79 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$68,541$67,930$67,334$66,753$66,185$65,741
2 years$33,931$33,299$32,687$32,093$31,517$31,068
3 years$22,396$21,761$21,150$20,562$19,996$19,557
4 years$16,630$15,997$15,392$14,814$14,261$13,836
5 years$13,171$12,542$11,945$11,378$10,841$10,431
6 years$10,865$10,241$9,653$9,099$8,578$8,183
7 years$9,220$8,601$8,022$7,481$6,976$6,597
8 years$7,986$7,372$6,803$6,276$5,788$5,423
9 years$7,026$6,419$5,860$5,346$4,874$4,525
10 years$6,260$5,658$5,109$4,608$4,153$3,819
11 years$5,633$5,037$4,497$4,010$3,572$3,253
12 years$5,110$4,521$3,991$3,518$3,095$2,791
13 years$4,669$4,086$3,566$3,105$2,699$2,409
14 years$4,291$3,714$3,204$2,757$2,366$2,090
15 years$3,963$3,393$2,893$2,458$2,083$1,821
16 years$3,677$3,113$2,623$2,201$1,841$1,592
17 years$3,425$2,867$2,387$1,978$1,632$1,396
18 years$3,201$2,649$2,179$1,782$1,451$1,228
19 years$3,001$2,455$1,995$1,611$1,294$1,082
20 years$2,821$2,281$1,830$1,459$1,156$956
21 years$2,658$2,125$1,684$1,324$1,034$845
22 years$2,511$1,983$1,552$1,204$927$749
23 years$2,376$1,855$1,433$1,096$832$664
24 years$2,253$1,738$1,325$1,000$748$590
25 years$2,140$1,631$1,227$913$673$524
26 years$2,036$1,533$1,138$835$606$466
27 years$1,939$1,443$1,057$764$547$415
28 years$1,850$1,359$983$700$493$370
29 years$1,767$1,283$914$642$445$330
30 years$1,690$1,211$852$589$402$294
31 years$1,617$1,145$794$541$364$263
32 years$1,550$1,083$741$497$329$235
33 years$1,486$1,026$692$457$298$209
34 years$1,427$972$646$421$270$187
35 years$1,371$922$604$387$244$167
36 years$1,318$875$565$357$221$150
37 years$1,268$831$529$329$201$134
38 years$1,221$790$495$303$182$120
39 years$1,177$751$464$279$165$107
40 years$1,135$715$435$258$150$96
41 years$1,095$680$408$238$136$86
42 years$1,057$648$383$219$123$77
43 years$1,021$617$359$203$112$69
44 years$986$589$337$187$101$61
45 years$953$561$317$173$92$55
46 years$922$535$297$160$84$49
47 years$892$511$279$147$76$44
48 years$864$488$262$136$69$40
49 years$836$466$247$126$63$35
50 years$810$445$232$116$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $830,000, adding $6,379 every year, while hoping to spend $55,807 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: 47/44/9 Blend
78$830,000$830,000$830,000$830,000
79$921,240$877,250$864,385$961,974
80$955,828$860,857$833,964$974,276
81$992,074$841,790$800,653$981,286
82$1,030,088$819,860$764,297$987,611
83$1,069,989$794,865$724,733$993,204
84$1,111,906$766,593$681,790$998,021
85$1,155,983$734,817$635,292$1,002,012
86$1,202,370$699,301$585,052$1,005,130
87$1,251,237$659,791$530,875$1,007,328
88$1,302,763$616,022$472,560$1,008,558
89$1,357,149$567,710$409,895$1,008,773
90$1,414,609$514,559$342,657$1,007,926
91$1,475,379$456,253$270,616$1,005,974
92$1,539,718$392,459$193,532$1,002,873
93$1,607,904$322,825$111,151$998,584
94$1,680,247$246,980$23,211$993,069
95$1,757,082$164,531$0$986,297
96$1,838,775$75,064$0$985,022
97$1,925,728$0$0$985,260
98$2,018,382$0$0$995,377
99$2,117,218$0$0$1,044,993
100$2,222,763$0$0$1,098,033