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%
1 years$105,701$104,760$103,841$102,944$102,069$101,596
2 years$52,327$51,353$50,408$49,493$48,604$48,127
3 years$34,538$33,560$32,618$31,710$30,837$30,370
4 years$25,646$24,670$23,737$22,846$21,993$21,540
5 years$20,311$19,341$18,421$17,548$16,719$16,281
6 years$16,756$15,794$14,887$14,033$13,229$12,807
7 years$14,218$13,264$12,371$11,537$10,759$10,353
8 years$12,315$11,369$10,492$9,678$8,925$8,536
9 years$10,836$9,899$9,036$8,244$7,516$7,143
10 years$9,653$8,726$7,878$7,106$6,404$6,046
11 years$8,686$7,768$6,936$6,185$5,508$5,166
12 years$7,881$6,972$6,155$5,425$4,773$4,446
13 years$7,200$6,301$5,499$4,789$4,162$3,850
14 years$6,617$5,727$4,941$4,251$3,649$3,351
15 years$6,112$5,232$4,461$3,791$3,212$2,929
16 years$5,671$4,800$4,045$3,395$2,839$2,570
17 years$5,282$4,421$3,681$3,050$2,517$2,262
18 years$4,936$4,085$3,360$2,749$2,238$1,996
19 years$4,628$3,786$3,076$2,484$1,995$1,765
20 years$4,350$3,518$2,823$2,250$1,782$1,564
21 years$4,100$3,277$2,596$2,042$1,595$1,389
22 years$3,872$3,059$2,393$1,856$1,429$1,235
23 years$3,664$2,861$2,210$1,691$1,283$1,099
24 years$3,475$2,680$2,043$1,542$1,153$980
25 years$3,300$2,515$1,893$1,408$1,038$875
26 years$3,139$2,364$1,755$1,288$935$781
27 years$2,991$2,225$1,630$1,179$843$698
28 years$2,853$2,097$1,515$1,080$761$625
29 years$2,725$1,978$1,410$990$687$559
30 years$2,606$1,868$1,313$909$621$501
31 years$2,494$1,766$1,225$835$561$449
32 years$2,390$1,671$1,142$767$507$402
33 years$2,292$1,582$1,067$705$459$361
34 years$2,201$1,500$997$649$416$324
35 years$2,114$1,422$932$597$377$291
36 years$2,033$1,350$872$550$341$261
37 years$1,956$1,282$816$507$309$234
38 years$1,884$1,219$764$467$280$210
39 years$1,815$1,159$716$431$254$189
40 years$1,750$1,102$671$397$231$170
41 years$1,688$1,049$629$367$209$153
42 years$1,630$999$590$338$190$137
43 years$1,574$952$554$312$172$123
44 years$1,521$908$520$288$156$111
45 years$1,470$866$488$266$142$100
46 years$1,422$826$458$246$129$90
47 years$1,376$788$431$227$117$81
48 years$1,332$752$405$210$106$73
49 years$1,290$718$380$194$97$65
50 years$1,250$686$358$179$88$59

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 $5,114 every year, while hoping to spend $25,716 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: 78/11/11 Blend
79$1,280,000$1,280,000$1,280,000$1,280,000
80$1,415,835$1,347,995$1,328,155$1,523,064
81$1,532,889$1,386,685$1,345,287$1,632,983
82$1,661,020$1,426,409$1,362,130$1,749,695
83$1,801,331$1,467,191$1,378,649$1,876,964
84$1,955,037$1,509,054$1,394,804$2,015,832
85$2,123,476$1,552,022$1,410,555$2,167,447
86$2,308,119$1,596,119$1,425,857$2,333,073
87$2,510,589$1,641,372$1,440,665$2,514,103
88$2,732,674$1,687,803$1,454,932$2,712,070
89$2,976,340$1,735,438$1,468,605$2,928,661
90$3,243,755$1,784,304$1,481,632$3,165,738
91$3,537,307$1,834,424$1,493,956$3,425,349
92$3,859,626$1,885,824$1,505,518$3,709,752
93$4,213,610$1,938,531$1,516,254$4,021,432
94$4,602,449$1,992,571$1,526,100$4,363,128
95$5,029,660$2,047,968$1,534,985$4,737,858
96$5,499,116$2,104,749$1,542,838$5,148,947
97$6,015,084$2,162,940$1,549,581$5,600,055
98$6,582,266$2,222,567$1,555,135$6,095,219
99$7,205,839$2,283,655$1,559,414$6,638,882
100$7,891,511$2,346,230$1,562,331$7,235,944