Can I retire at age 80 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$99,095$98,212$97,351$96,510$95,690$95,286
2 years$49,057$48,143$47,258$46,399$45,567$45,159
3 years$32,380$31,462$30,579$29,728$28,909$28,511
4 years$24,043$23,128$22,254$21,418$20,618$20,232
5 years$19,042$18,133$17,270$16,451$15,674$15,300
6 years$15,709$14,807$13,956$13,156$12,402$12,042
7 years$13,329$12,435$11,598$10,816$10,086$9,740
8 years$11,546$10,659$9,836$9,073$8,367$8,035
9 years$10,159$9,280$8,472$7,729$7,047$6,727
10 years$9,050$8,180$7,386$6,662$6,004$5,698
11 years$8,143$7,282$6,502$5,798$5,164$4,871
12 years$7,388$6,536$5,771$5,086$4,475$4,195
13 years$6,750$5,907$5,156$4,490$3,902$3,635
14 years$6,204$5,369$4,632$3,986$3,421$3,166
15 years$5,730$4,905$4,182$3,554$3,012$2,770
16 years$5,316$4,500$3,792$3,183$2,662$2,431
17 years$4,952$4,144$3,451$2,860$2,360$2,141
18 years$4,628$3,830$3,150$2,577$2,098$1,891
19 years$4,339$3,549$2,884$2,329$1,870$1,673
20 years$4,078$3,298$2,646$2,109$1,671$1,484
21 years$3,843$3,072$2,434$1,914$1,495$1,319
22 years$3,630$2,868$2,244$1,740$1,340$1,173
23 years$3,435$2,682$2,071$1,585$1,203$1,045
24 years$3,257$2,513$1,916$1,446$1,081$933
25 years$3,094$2,358$1,774$1,320$973$833
26 years$2,943$2,216$1,646$1,207$876$744
27 years$2,804$2,086$1,528$1,105$790$666
28 years$2,675$1,966$1,421$1,012$713$596
29 years$2,555$1,854$1,322$928$644$534
30 years$2,443$1,751$1,231$852$582$479
31 years$2,338$1,655$1,148$782$526$429
32 years$2,241$1,566$1,071$719$476$385
33 years$2,149$1,483$1,000$661$431$346
34 years$2,063$1,406$934$608$390$311
35 years$1,982$1,333$874$560$353$279
36 years$1,906$1,266$817$516$320$251
37 years$1,834$1,202$765$475$290$225
38 years$1,766$1,142$716$438$263$203
39 years$1,702$1,086$671$404$238$182
40 years$1,641$1,034$629$373$216$164
41 years$1,583$984$590$344$196$147
42 years$1,528$937$553$317$178$133
43 years$1,476$893$519$293$162$119
44 years$1,426$851$487$270$147$107
45 years$1,378$811$458$250$133$97
46 years$1,333$774$430$231$121$87
47 years$1,290$739$404$213$110$78
48 years$1,249$705$379$197$100$70
49 years$1,209$673$357$182$91$63
50 years$1,172$643$335$168$82$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,200,000, adding $2,248 every year, while hoping to spend $44,256 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: 37/38/25 Blend
79$1,200,000$1,200,000$1,200,000$1,200,000
80$1,324,719$1,261,119$1,242,519$1,363,734
81$1,412,752$1,275,826$1,237,055$1,407,278
82$1,508,281$1,289,770$1,229,925$1,450,041
83$1,612,025$1,302,867$1,221,026$1,495,362
84$1,724,772$1,315,028$1,210,251$1,543,499
85$1,847,391$1,326,157$1,197,487$1,594,740
86$1,980,839$1,336,152$1,182,616$1,649,402
87$2,126,165$1,344,905$1,165,515$1,707,840
88$2,284,529$1,352,300$1,146,055$1,770,447
89$2,457,203$1,358,215$1,124,100$1,837,657
90$2,645,588$1,362,518$1,099,508$1,909,954
91$2,851,228$1,365,071$1,072,131$1,987,873
92$3,075,821$1,365,727$1,041,815$2,072,008
93$3,321,236$1,364,329$1,008,397$2,163,016
94$3,589,531$1,360,710$971,707$2,261,628
95$3,882,972$1,354,694$931,568$2,368,650
96$4,204,054$1,346,093$887,795$2,484,979
97$4,555,525$1,334,709$840,194$2,611,603
98$4,940,410$1,320,331$788,561$2,749,622
99$5,362,040$1,302,735$732,686$2,900,250
100$5,824,084$1,281,685$672,347$3,064,830