Can I retire at age 80 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$109,830$108,852$107,897$106,966$106,056$102,497
2 years$54,371$53,359$52,377$51,426$50,503$46,952
3 years$35,888$34,871$33,892$32,949$32,041$28,611
4 years$26,647$25,634$24,664$23,738$22,852$19,568
5 years$21,105$20,097$19,141$18,233$17,372$14,242
6 years$17,411$16,411$15,468$14,581$13,746$10,774
7 years$14,773$13,782$12,854$11,988$11,179$8,364
8 years$12,796$11,813$10,902$10,056$9,274$6,614
9 years$11,259$10,286$9,389$8,566$7,810$5,302
10 years$10,030$9,066$8,186$7,384$6,655$4,294
11 years$9,026$8,071$7,207$6,426$5,723$3,505
12 years$8,189$7,244$6,396$5,637$4,960$2,880
13 years$7,481$6,547$5,714$4,976$4,325$2,378
14 years$6,876$5,951$5,134$4,417$3,791$1,971
15 years$6,351$5,436$4,636$3,939$3,338$1,640
16 years$5,892$4,988$4,203$3,527$2,950$1,368
17 years$5,488$4,593$3,824$3,169$2,616$1,143
18 years$5,129$4,244$3,491$2,856$2,326$957
19 years$4,809$3,934$3,196$2,581$2,073$803
20 years$4,520$3,655$2,933$2,337$1,852$674
21 years$4,260$3,405$2,698$2,121$1,657$567
22 years$4,023$3,178$2,487$1,929$1,485$477
23 years$3,808$2,973$2,296$1,757$1,333$402
24 years$3,610$2,785$2,123$1,602$1,198$338
25 years$3,429$2,614$1,967$1,463$1,078$285
26 years$3,262$2,457$1,824$1,338$971$240
27 years$3,107$2,312$1,694$1,225$876$203
28 years$2,964$2,178$1,574$1,122$790$171
29 years$2,831$2,055$1,465$1,029$714$145
30 years$2,707$1,941$1,365$944$645$122
31 years$2,592$1,835$1,272$867$583$103
32 years$2,483$1,736$1,187$797$527$87
33 years$2,382$1,644$1,108$733$477$74
34 years$2,287$1,558$1,036$674$432$62
35 years$2,197$1,478$968$621$391$52
36 years$2,112$1,403$906$572$355$44
37 years$2,033$1,332$848$527$321$37
38 years$1,957$1,266$794$486$291$32
39 years$1,886$1,204$744$448$264$27
40 years$1,818$1,146$697$413$240$23
41 years$1,754$1,090$654$381$217$19
42 years$1,693$1,038$613$352$197$16
43 years$1,635$989$575$325$179$14
44 years$1,580$943$540$300$163$12
45 years$1,528$899$507$277$148$10
46 years$1,478$858$476$256$134$8
47 years$1,430$819$448$236$122$7
48 years$1,384$782$421$218$110$6
49 years$1,340$746$395$202$100$5
50 years$1,299$713$372$186$91$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,330,000, adding $3,257 every year, while hoping to spend $45,782 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: 57/35/8 Blend
79$1,330,000$1,330,000$1,330,000$1,330,000
80$1,469,020$1,398,530$1,377,915$1,549,884
81$1,570,148$1,418,346$1,375,363$1,624,531
82$1,680,057$1,437,599$1,371,192$1,700,413
83$1,799,594$1,456,212$1,365,298$1,781,969
84$1,929,691$1,474,105$1,357,574$1,869,746
85$2,071,374$1,491,191$1,347,907$1,964,348
86$2,225,771$1,507,376$1,336,179$2,066,440
87$2,394,126$1,522,564$1,322,267$2,176,755
88$2,577,804$1,536,647$1,306,040$2,296,104
89$2,778,311$1,549,513$1,287,363$2,425,379
90$2,997,303$1,561,044$1,266,094$2,565,565
91$3,236,604$1,571,111$1,242,084$2,717,748
92$3,498,221$1,579,579$1,215,178$2,883,128
93$3,784,365$1,586,303$1,185,212$3,063,026
94$4,097,469$1,591,131$1,152,015$3,258,901
95$4,440,213$1,593,899$1,115,410$3,472,361
96$4,815,549$1,594,434$1,075,211$3,705,182
97$5,226,726$1,592,552$1,031,221$3,959,321
98$5,677,322$1,588,058$983,237$4,236,937
99$6,171,279$1,580,743$931,046$4,540,414
100$6,712,939$1,570,388$874,425$4,872,378