Can I retire at age 80 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$113,959$112,944$111,954$110,987$110,043$108,985
2 years$56,415$55,365$54,346$53,359$52,401$51,335
3 years$37,237$36,181$35,166$34,188$33,246$32,205
4 years$27,649$26,597$25,592$24,630$23,711$22,703
5 years$21,898$20,853$19,860$18,918$18,025$17,053
6 years$18,065$17,028$16,050$15,129$14,262$13,328
7 years$15,329$14,300$13,338$12,439$11,599$10,703
8 years$13,277$12,258$11,311$10,434$9,623$8,764
9 years$11,683$10,672$9,742$8,888$8,104$7,283
10 years$10,407$9,407$8,494$7,661$6,905$6,121
11 years$9,365$8,375$7,478$6,668$5,938$5,191
12 years$8,497$7,517$6,636$5,848$5,146$4,434
13 years$7,763$6,793$5,929$5,163$4,487$3,811
14 years$7,134$6,175$5,327$4,583$3,934$3,291
15 years$6,590$5,641$4,810$4,088$3,463$2,854
16 years$6,114$5,175$4,361$3,660$3,061$2,483
17 years$5,695$4,766$3,968$3,288$2,714$2,167
18 years$5,322$4,404$3,622$2,964$2,413$1,896
19 years$4,989$4,082$3,316$2,678$2,151$1,663
20 years$4,690$3,793$3,043$2,425$1,921$1,461
21 years$4,420$3,533$2,799$2,201$1,719$1,285
22 years$4,174$3,298$2,580$2,001$1,541$1,133
23 years$3,951$3,084$2,382$1,823$1,383$999
24 years$3,746$2,890$2,203$1,662$1,243$883
25 years$3,558$2,712$2,041$1,518$1,119$780
26 years$3,384$2,549$1,893$1,388$1,008$691
27 years$3,224$2,399$1,757$1,271$909$611
28 years$3,076$2,260$1,634$1,164$820$542
29 years$2,938$2,132$1,520$1,068$740$480
30 years$2,809$2,014$1,416$980$669$426
31 years$2,689$1,904$1,320$900$605$378
32 years$2,577$1,801$1,232$827$547$336
33 years$2,471$1,706$1,150$760$495$298
34 years$2,372$1,617$1,075$700$448$265
35 years$2,279$1,533$1,005$644$406$235
36 years$2,192$1,455$940$593$368$209
37 years$2,109$1,382$880$547$333$186
38 years$2,031$1,314$824$504$302$165
39 years$1,957$1,249$772$464$274$147
40 years$1,887$1,189$723$428$249$131
41 years$1,820$1,131$678$395$226$116
42 years$1,757$1,078$636$365$205$103
43 years$1,697$1,027$597$337$186$92
44 years$1,640$979$560$311$169$82
45 years$1,585$933$526$287$153$73
46 years$1,533$890$494$265$139$65
47 years$1,484$850$464$245$126$58
48 years$1,436$811$436$226$115$51
49 years$1,391$774$410$209$104$46
50 years$1,347$740$386$193$95$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,380,000, adding $2,028 every year, while hoping to spend $59,170 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: 57/15/28 Blend
79$1,380,000$1,380,000$1,380,000$1,380,000
80$1,522,852$1,449,712$1,428,322$1,597,848
81$1,615,226$1,457,791$1,413,214$1,657,641
82$1,715,040$1,464,284$1,395,617$1,716,416
83$1,822,989$1,469,048$1,375,385$1,779,271
84$1,939,838$1,471,937$1,352,366$1,846,620
85$2,066,430$1,472,790$1,326,398$1,918,920
86$2,203,690$1,471,440$1,297,316$1,996,678
87$2,352,633$1,467,708$1,264,943$2,080,454
88$2,514,381$1,461,404$1,229,098$2,170,868
89$2,690,162$1,452,328$1,189,587$2,268,606
90$2,881,332$1,440,265$1,146,212$2,374,428
91$3,089,380$1,424,990$1,098,761$2,489,172
92$3,315,944$1,406,261$1,047,017$2,613,768
93$3,562,828$1,383,826$990,750$2,749,242
94$3,832,017$1,357,414$929,721$2,896,729
95$4,125,695$1,326,740$863,679$3,057,485
96$4,446,268$1,291,502$792,364$3,232,896
97$4,796,380$1,251,379$715,502$3,424,497
98$5,178,947$1,206,033$632,807$3,633,981
99$5,597,176$1,155,105$543,983$3,863,221
100$6,054,599$1,098,216$448,717$4,114,287