Can I retire at age 80 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$115,611$114,581$113,576$112,596$111,638$110,152
2 years$57,233$56,167$55,134$54,132$53,161$51,666
3 years$37,776$36,706$35,675$34,683$33,727$32,270
4 years$28,050$26,983$25,963$24,987$24,055$22,646
5 years$22,216$21,155$20,148$19,193$18,286$16,931
6 years$18,327$17,274$16,283$15,349$14,469$13,168
7 years$15,551$14,507$13,531$12,619$11,767$10,522
8 years$13,470$12,435$11,475$10,586$9,762$8,572
9 years$11,852$10,827$9,884$9,017$8,221$7,085
10 years$10,558$9,544$8,617$7,772$7,005$5,922
11 years$9,501$8,496$7,586$6,764$6,024$4,994
12 years$8,620$7,626$6,732$5,933$5,221$4,242
13 years$7,875$6,891$6,015$5,238$4,552$3,624
14 years$7,237$6,264$5,405$4,650$3,991$3,111
15 years$6,685$5,722$4,880$4,147$3,514$2,681
16 years$6,203$5,250$4,424$3,713$3,105$2,319
17 years$5,777$4,835$4,026$3,336$2,753$2,011
18 years$5,399$4,468$3,675$3,007$2,448$1,748
19 years$5,062$4,141$3,364$2,717$2,182$1,523
20 years$4,758$3,848$3,088$2,460$1,949$1,329
21 years$4,484$3,584$2,840$2,233$1,744$1,162
22 years$4,235$3,346$2,617$2,030$1,563$1,017
23 years$4,008$3,129$2,417$1,849$1,403$891
24 years$3,800$2,932$2,235$1,686$1,261$782
25 years$3,609$2,751$2,070$1,540$1,135$686
26 years$3,434$2,586$1,920$1,408$1,022$603
27 years$3,271$2,434$1,783$1,289$922$530
28 years$3,120$2,293$1,657$1,181$832$466
29 years$2,980$2,163$1,542$1,083$751$410
30 years$2,850$2,043$1,437$994$679$361
31 years$2,728$1,931$1,339$913$614$318
32 years$2,614$1,827$1,250$839$555$280
33 years$2,507$1,731$1,167$771$502$247
34 years$2,407$1,640$1,090$710$455$218
35 years$2,312$1,556$1,019$653$412$192
36 years$2,224$1,477$953$602$373$169
37 years$2,140$1,402$892$554$338$150
38 years$2,060$1,333$836$511$307$132
39 years$1,985$1,267$783$471$278$116
40 years$1,914$1,206$734$435$252$103
41 years$1,847$1,148$688$401$229$91
42 years$1,782$1,093$646$370$208$80
43 years$1,721$1,042$606$342$188$71
44 years$1,663$993$569$315$171$62
45 years$1,608$947$534$291$155$55
46 years$1,555$903$501$269$141$49
47 years$1,505$862$471$249$128$43
48 years$1,457$823$443$230$116$38
49 years$1,411$786$416$212$106$34
50 years$1,367$751$391$196$96$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,400,000, adding $4,099 every year, while hoping to spend $44,223 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: 78/16/6 Blend
79$1,400,000$1,400,000$1,400,000$1,400,000
80$1,547,028$1,472,828$1,451,128$1,666,569
81$1,657,772$1,497,944$1,452,688$1,770,658
82$1,778,330$1,522,808$1,452,818$1,878,598
83$1,909,655$1,547,362$1,451,423$1,995,652
84$2,052,799$1,571,541$1,448,405$2,122,704
85$2,208,917$1,595,279$1,443,659$2,260,732
86$2,379,281$1,618,502$1,437,076$2,410,810
87$2,565,291$1,641,132$1,428,542$2,574,121
88$2,768,489$1,663,086$1,417,936$2,751,968
89$2,990,572$1,684,274$1,405,134$2,945,789
90$3,233,408$1,704,601$1,390,003$3,157,164
91$3,499,053$1,723,964$1,372,406$3,387,836
92$3,789,773$1,742,255$1,352,198$3,639,725
93$4,108,062$1,759,358$1,329,229$3,914,946
94$4,456,666$1,775,148$1,303,340$4,215,829
95$4,838,609$1,789,493$1,274,365$4,544,941
96$5,257,223$1,802,254$1,242,131$4,905,112
97$5,716,175$1,813,279$1,206,458$5,299,458
98$6,219,505$1,822,411$1,167,155$5,731,414
99$6,771,664$1,829,478$1,124,024$6,204,764
100$7,377,553$1,834,302$1,076,858$6,723,679