Can I retire at age 80 with 1,280,000?

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 $1,280,000?

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$105,701$104,760$103,841$102,944$102,069$101,639
2 years$52,327$51,353$50,408$49,493$48,604$48,170
3 years$34,538$33,560$32,618$31,710$30,837$30,412
4 years$25,646$24,670$23,737$22,846$21,993$21,581
5 years$20,311$19,341$18,421$17,548$16,719$16,320
6 years$16,756$15,794$14,887$14,033$13,229$12,845
7 years$14,218$13,264$12,371$11,537$10,759$10,389
8 years$12,315$11,369$10,492$9,678$8,925$8,570
9 years$10,836$9,899$9,036$8,244$7,516$7,176
10 years$9,653$8,726$7,878$7,106$6,404$6,078
11 years$8,686$7,768$6,936$6,185$5,508$5,196
12 years$7,881$6,972$6,155$5,425$4,773$4,475
13 years$7,200$6,301$5,499$4,789$4,162$3,878
14 years$6,617$5,727$4,941$4,251$3,649$3,377
15 years$6,112$5,232$4,461$3,791$3,212$2,954
16 years$5,671$4,800$4,045$3,395$2,839$2,593
17 years$5,282$4,421$3,681$3,050$2,517$2,284
18 years$4,936$4,085$3,360$2,749$2,238$2,017
19 years$4,628$3,786$3,076$2,484$1,995$1,785
20 years$4,350$3,518$2,823$2,250$1,782$1,583
21 years$4,100$3,277$2,596$2,042$1,595$1,406
22 years$3,872$3,059$2,393$1,856$1,429$1,251
23 years$3,664$2,861$2,210$1,691$1,283$1,115
24 years$3,475$2,680$2,043$1,542$1,153$995
25 years$3,300$2,515$1,893$1,408$1,038$888
26 years$3,139$2,364$1,755$1,288$935$794
27 years$2,991$2,225$1,630$1,179$843$710
28 years$2,853$2,097$1,515$1,080$761$636
29 years$2,725$1,978$1,410$990$687$570
30 years$2,606$1,868$1,313$909$621$511
31 years$2,494$1,766$1,225$835$561$458
32 years$2,390$1,671$1,142$767$507$411
33 years$2,292$1,582$1,067$705$459$369
34 years$2,201$1,500$997$649$416$331
35 years$2,114$1,422$932$597$377$298
36 years$2,033$1,350$872$550$341$267
37 years$1,956$1,282$816$507$309$240
38 years$1,884$1,219$764$467$280$216
39 years$1,815$1,159$716$431$254$194
40 years$1,750$1,102$671$397$231$175
41 years$1,688$1,049$629$367$209$157
42 years$1,630$999$590$338$190$141
43 years$1,574$952$554$312$172$127
44 years$1,521$908$520$288$156$114
45 years$1,470$866$488$266$142$103
46 years$1,422$826$458$246$129$93
47 years$1,376$788$431$227$117$83
48 years$1,332$752$405$210$106$75
49 years$1,290$718$380$194$97$68
50 years$1,250$686$358$179$88$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,280,000, adding $2,428 every year, while hoping to spend $23,889 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: 87/8/5 Blend
79$1,280,000$1,280,000$1,280,000$1,280,000
80$1,413,064$1,345,224$1,325,384$1,535,906
81$1,531,779$1,385,723$1,344,367$1,656,736
82$1,661,802$1,427,405$1,363,185$1,785,940
83$1,804,262$1,470,303$1,381,808$1,927,162
84$1,960,401$1,514,452$1,400,202$2,081,594
85$2,131,587$1,559,885$1,418,334$2,250,550
86$2,319,327$1,606,639$1,436,167$2,435,475
87$2,525,282$1,654,748$1,453,662$2,637,962
88$2,751,281$1,704,250$1,470,779$2,859,765
89$2,999,336$1,755,182$1,487,475$3,102,816
90$3,271,666$1,807,585$1,503,704$3,369,244
91$3,570,716$1,861,496$1,519,418$3,661,391
92$3,899,178$1,916,958$1,534,566$3,981,840
93$4,260,016$1,974,011$1,549,096$4,333,435
94$4,656,498$2,032,698$1,562,951$4,719,309
95$5,092,223$2,093,062$1,576,072$5,142,912
96$5,571,155$2,155,148$1,588,397$5,608,048
97$6,097,664$2,219,002$1,599,859$6,118,904
98$6,676,562$2,284,669$1,610,391$6,680,096
99$7,313,151$2,352,197$1,619,919$7,296,707
100$8,013,273$2,421,635$1,628,366$7,974,337