Can I retire at age 80 with 1,250,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,250,000?

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$103,224$102,304$101,407$100,532$99,677$98,924
2 years$51,101$50,149$49,227$48,333$47,465$46,706
3 years$33,729$32,773$31,853$30,967$30,114$29,372
4 years$25,045$24,092$23,181$22,310$21,477$20,759
5 years$19,835$18,888$17,989$17,136$16,327$15,634
6 years$16,364$15,424$14,538$13,704$12,919$12,252
7 years$13,885$12,953$12,081$11,267$10,506$9,866
8 years$12,027$11,103$10,246$9,451$8,716$8,102
9 years$10,582$9,667$8,825$8,051$7,340$6,752
10 years$9,427$8,521$7,694$6,940$6,254$5,692
11 years$8,483$7,586$6,773$6,040$5,379$4,842
12 years$7,696$6,809$6,011$5,298$4,661$4,149
13 years$7,031$6,153$5,371$4,677$4,065$3,577
14 years$6,462$5,593$4,825$4,152$3,563$3,099
15 years$5,969$5,109$4,357$3,703$3,137$2,697
16 years$5,538$4,688$3,950$3,315$2,773$2,355
17 years$5,158$4,317$3,594$2,979$2,458$2,062
18 years$4,821$3,989$3,281$2,684$2,186$1,811
19 years$4,519$3,697$3,004$2,426$1,948$1,594
20 years$4,248$3,436$2,757$2,197$1,740$1,405
21 years$4,004$3,200$2,536$1,994$1,557$1,241
22 years$3,781$2,987$2,337$1,813$1,396$1,098
23 years$3,579$2,794$2,158$1,651$1,253$972
24 years$3,393$2,618$1,996$1,506$1,126$862
25 years$3,223$2,457$1,848$1,375$1,014$765
26 years$3,066$2,309$1,714$1,257$913$680
27 years$2,921$2,173$1,592$1,151$823$604
28 years$2,786$2,047$1,480$1,054$743$537
29 years$2,661$1,931$1,377$967$671$478
30 years$2,544$1,824$1,283$887$606$426
31 years$2,436$1,724$1,196$815$548$380
32 years$2,334$1,632$1,116$749$496$338
33 years$2,239$1,545$1,042$689$448$302
34 years$2,149$1,464$973$634$406$269
35 years$2,065$1,389$910$583$368$240
36 years$1,985$1,318$851$537$333$214
37 years$1,910$1,252$797$495$302$191
38 years$1,840$1,190$746$456$274$171
39 years$1,772$1,132$699$421$248$153
40 years$1,709$1,077$655$388$225$136
41 years$1,649$1,025$614$358$204$122
42 years$1,591$976$576$330$185$109
43 years$1,537$930$541$305$168$97
44 years$1,485$886$508$282$153$87
45 years$1,436$845$477$260$139$78
46 years$1,389$806$448$240$126$69
47 years$1,344$770$421$222$114$62
48 years$1,301$735$395$205$104$55
49 years$1,260$702$372$190$94$50
50 years$1,220$670$349$175$86$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,250,000, adding $4,816 every year, while hoping to spend $55,993 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: 69/25/6 Blend
79$1,250,000$1,250,000$1,250,000$1,250,000
80$1,382,468$1,316,218$1,296,843$1,476,376
81$1,463,903$1,321,136$1,280,711$1,544,050
82$1,551,769$1,324,419$1,262,162$1,610,731
83$1,646,661$1,325,927$1,241,056$1,682,135
84$1,749,235$1,325,512$1,217,246$1,758,714
85$1,860,212$1,323,018$1,190,579$1,840,965
86$1,980,384$1,318,276$1,160,894$1,929,438
87$2,110,622$1,311,111$1,128,023$2,024,736
88$2,251,884$1,301,334$1,091,790$2,127,530
89$2,405,223$1,288,746$1,052,012$2,238,555
90$2,571,798$1,273,137$1,008,496$2,358,627
91$2,752,883$1,254,281$961,042$2,488,642
92$2,949,879$1,231,943$909,439$2,629,593
93$3,164,329$1,205,871$853,468$2,782,571
94$3,397,930$1,175,798$792,898$2,948,785
95$3,652,549$1,141,443$727,491$3,129,565
96$3,930,243$1,102,508$656,996$3,326,381
97$4,233,274$1,058,676$581,151$3,540,854
98$4,564,131$1,009,615$499,683$3,774,774
99$4,925,556$954,969$412,306$4,030,115
100$5,320,567$894,367$318,723$4,309,055