Can I retire at age 80 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$90,011$89,209$88,427$87,664$86,918$85,478
2 years$44,560$43,730$42,926$42,146$41,390$39,943
3 years$29,412$28,578$27,776$27,003$26,259$24,851
4 years$21,839$21,008$20,214$19,454$18,728$17,370
5 years$17,296$16,470$15,687$14,943$14,237$12,931
6 years$14,269$13,449$12,677$11,950$11,265$10,014
7 years$12,108$11,295$10,535$9,825$9,162$7,966
8 years$10,487$9,682$8,934$8,242$7,600$6,460
9 years$9,228$8,430$7,695$7,020$6,401$5,314
10 years$8,220$7,430$6,709$6,051$5,454$4,420
11 years$7,397$6,615$5,906$5,267$4,690$3,709
12 years$6,711$5,937$5,242$4,619$4,065$3,134
13 years$6,131$5,365$4,683$4,078$3,544$2,664
14 years$5,635$4,877$4,208$3,620$3,107$2,275
15 years$5,205$4,455$3,799$3,229$2,736$1,950
16 years$4,829$4,088$3,444$2,891$2,418$1,677
17 years$4,498$3,765$3,134$2,597$2,144$1,446
18 years$4,204$3,479$2,861$2,341$1,906$1,250
19 years$3,941$3,224$2,619$2,115$1,699$1,082
20 years$3,705$2,996$2,404$1,916$1,518$939
21 years$3,491$2,790$2,211$1,739$1,358$816
22 years$3,297$2,605$2,038$1,581$1,217$710
23 years$3,121$2,436$1,882$1,440$1,093$618
24 years$2,959$2,283$1,740$1,313$982$539
25 years$2,810$2,142$1,612$1,199$884$470
26 years$2,673$2,013$1,495$1,096$796$410
27 years$2,547$1,895$1,388$1,004$718$358
28 years$2,429$1,785$1,290$919$648$313
29 years$2,320$1,684$1,201$843$585$274
30 years$2,219$1,591$1,119$774$528$240
31 years$2,124$1,504$1,043$711$478$210
32 years$2,035$1,423$973$653$432$184
33 years$1,952$1,347$908$601$391$161
34 years$1,874$1,277$849$553$354$141
35 years$1,800$1,211$794$509$321$123
36 years$1,731$1,150$742$469$291$108
37 years$1,666$1,092$695$432$263$95
38 years$1,604$1,038$651$398$239$83
39 years$1,546$987$610$367$217$73
40 years$1,490$939$571$338$196$64
41 years$1,438$894$536$312$178$56
42 years$1,388$851$503$288$162$49
43 years$1,340$811$472$266$147$43
44 years$1,295$773$443$246$133$38
45 years$1,252$737$416$227$121$33
46 years$1,211$703$390$210$110$29
47 years$1,172$671$367$194$100$25
48 years$1,134$641$345$179$91$22
49 years$1,098$612$324$165$82$20
50 years$1,064$584$305$153$75$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,090,000, adding $6,245 every year, while hoping to spend $47,390 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: 62/33/5 Blend
79$1,090,000$1,090,000$1,090,000$1,090,000
80$1,207,622$1,149,852$1,132,957$1,281,163
81$1,280,377$1,155,772$1,120,488$1,336,888
82$1,358,964$1,160,394$1,106,014$1,391,563
83$1,443,929$1,163,604$1,089,416$1,450,001
84$1,535,871$1,165,281$1,070,572$1,512,563
85$1,635,447$1,165,298$1,049,354$1,579,648
86$1,743,382$1,163,517$1,025,627$1,651,697
87$1,860,472$1,159,794$999,250$1,729,196
88$1,987,592$1,153,975$970,077$1,812,682
89$2,125,704$1,145,898$937,952$1,902,750
90$2,275,869$1,135,390$902,716$2,000,055
91$2,439,250$1,122,267$864,200$2,105,321
92$2,617,131$1,106,335$822,228$2,219,348
93$2,810,921$1,087,389$776,616$2,343,019
94$3,022,174$1,065,209$727,171$2,477,309
95$3,252,597$1,039,566$673,692$2,623,296
96$3,504,072$1,010,214$615,971$2,782,168
97$3,778,667$976,895$553,786$2,955,241
98$4,078,663$939,335$486,910$3,143,963
99$4,406,567$897,243$415,102$3,349,937
100$4,765,142$850,312$338,113$3,574,930