Can I retire at age 80 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$101,572$100,667$99,785$98,923$98,082$95,056
2 years$50,283$49,347$48,439$47,559$46,706$43,684
3 years$33,189$32,249$31,343$30,472$29,632$26,709
4 years$24,644$23,706$22,810$21,953$21,134$18,332
5 years$19,518$18,586$17,701$16,862$16,066$13,392
6 years$16,102$15,177$14,305$13,485$12,712$10,169
7 years$13,663$12,745$11,888$11,087$10,338$7,926
8 years$11,834$10,925$10,082$9,300$8,577$6,294
9 years$10,413$9,512$8,683$7,922$7,223$5,067
10 years$9,276$8,385$7,570$6,829$6,154$4,122
11 years$8,347$7,464$6,665$5,943$5,293$3,380
12 years$7,573$6,700$5,915$5,213$4,587$2,790
13 years$6,919$6,055$5,285$4,602$4,000$2,315
14 years$6,359$5,503$4,748$4,085$3,506$1,928
15 years$5,873$5,027$4,287$3,643$3,087$1,612
16 years$5,449$4,613$3,887$3,262$2,728$1,351
17 years$5,076$4,248$3,537$2,931$2,419$1,135
18 years$4,744$3,925$3,229$2,641$2,151$956
19 years$4,447$3,638$2,956$2,387$1,917$806
20 years$4,180$3,381$2,713$2,162$1,712$680
21 years$3,939$3,149$2,495$1,962$1,532$575
22 years$3,721$2,939$2,300$1,784$1,374$486
23 years$3,521$2,749$2,123$1,625$1,233$412
24 years$3,339$2,576$1,964$1,482$1,108$349
25 years$3,171$2,417$1,819$1,353$997$296
26 years$3,017$2,272$1,687$1,237$898$251
27 years$2,874$2,138$1,566$1,132$810$213
28 years$2,741$2,015$1,456$1,038$731$181
29 years$2,618$1,901$1,355$951$660$153
30 years$2,504$1,795$1,262$873$596$130
31 years$2,397$1,697$1,177$802$539$111
32 years$2,297$1,606$1,098$737$488$94
33 years$2,203$1,520$1,025$678$441$80
34 years$2,115$1,441$958$624$400$68
35 years$2,032$1,367$895$574$362$58
36 years$1,954$1,297$838$529$328$49
37 years$1,880$1,232$784$487$297$42
38 years$1,810$1,171$734$449$269$35
39 years$1,744$1,113$688$414$244$30
40 years$1,682$1,059$645$382$222$26
41 years$1,622$1,008$605$352$201$22
42 years$1,566$960$567$325$182$18
43 years$1,512$915$532$300$166$16
44 years$1,461$872$500$277$150$13
45 years$1,413$832$469$256$136$11
46 years$1,366$793$441$236$124$10
47 years$1,322$757$414$218$112$8
48 years$1,280$723$389$202$102$7
49 years$1,240$690$366$187$93$6
50 years$1,201$659$344$172$84$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,230,000, adding $6,386 every year, while hoping to spend $54,860 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: 70/9/21 Blend
79$1,230,000$1,230,000$1,230,000$1,230,000
80$1,362,047$1,296,857$1,277,792$1,449,899
81$1,442,605$1,302,033$1,262,228$1,514,534
82$1,529,542$1,305,623$1,244,303$1,578,198
83$1,623,449$1,307,492$1,223,881$1,646,539
84$1,724,979$1,307,497$1,200,819$1,720,016
85$1,834,846$1,305,485$1,174,966$1,799,135
86$1,953,839$1,301,292$1,146,166$1,884,451
87$2,082,822$1,294,746$1,114,254$1,976,583
88$2,222,746$1,285,665$1,079,058$2,076,208
89$2,374,658$1,273,855$1,040,398$2,184,076
90$2,539,709$1,259,109$998,087$2,301,016
91$2,719,164$1,241,210$951,928$2,427,942
92$2,914,416$1,219,927$901,715$2,565,860
93$3,126,998$1,195,015$847,234$2,715,883
94$3,358,596$1,166,215$788,260$2,879,240
95$3,611,065$1,133,251$724,558$3,057,285
96$3,886,447$1,095,834$655,885$3,251,513
97$4,186,990$1,053,655$581,983$3,463,573
98$4,515,169$1,006,390$502,585$3,695,286
99$4,873,707$953,694$417,412$3,948,659
100$5,265,602$895,202$326,172$4,225,909