Can I retire at age 80 with 1,420,000?

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 $1,420,000?

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$117,262$116,218$115,199$114,204$113,233$112,756
2 years$58,051$56,969$55,922$54,906$53,920$53,439
3 years$38,316$37,230$36,185$35,179$34,209$33,738
4 years$28,451$27,368$26,333$25,344$24,398$23,941
5 years$22,533$21,457$20,436$19,467$18,547$18,105
6 years$18,589$17,521$16,515$15,568$14,676$14,250
7 years$15,773$14,714$13,724$12,799$11,935$11,525
8 years$13,662$12,613$11,639$10,737$9,902$9,508
9 years$12,021$10,982$10,025$9,145$8,339$7,961
10 years$10,709$9,680$8,740$7,883$7,105$6,743
11 years$9,636$8,617$7,694$6,861$6,110$5,764
12 years$8,743$7,735$6,829$6,018$5,295$4,964
13 years$7,988$6,990$6,101$5,313$4,617$4,302
14 years$7,341$6,354$5,482$4,716$4,048$3,747
15 years$6,781$5,804$4,949$4,206$3,564$3,277
16 years$6,291$5,325$4,487$3,766$3,150$2,877
17 years$5,860$4,904$4,083$3,384$2,793$2,534
18 years$5,476$4,532$3,727$3,049$2,483$2,237
19 years$5,134$4,200$3,412$2,755$2,213$1,980
20 years$4,826$3,903$3,132$2,496$1,977$1,756
21 years$4,548$3,635$2,880$2,265$1,769$1,560
22 years$4,295$3,393$2,655$2,059$1,586$1,388
23 years$4,065$3,174$2,451$1,875$1,424$1,237
24 years$3,855$2,974$2,267$1,711$1,280$1,104
25 years$3,661$2,791$2,100$1,562$1,151$986
26 years$3,483$2,623$1,947$1,428$1,037$881
27 years$3,318$2,468$1,808$1,307$935$788
28 years$3,165$2,326$1,681$1,198$844$706
29 years$3,023$2,194$1,564$1,098$762$632
30 years$2,891$2,072$1,457$1,008$688$567
31 years$2,767$1,959$1,358$926$622$508
32 years$2,651$1,854$1,267$851$563$456
33 years$2,543$1,755$1,183$782$509$409
34 years$2,441$1,664$1,106$720$461$367
35 years$2,346$1,578$1,034$663$418$330
36 years$2,255$1,498$967$610$379$297
37 years$2,170$1,422$905$562$343$267
38 years$2,090$1,352$848$518$311$240
39 years$2,014$1,285$794$478$282$215
40 years$1,941$1,223$744$441$256$194
41 years$1,873$1,164$698$407$232$174
42 years$1,808$1,109$655$375$211$157
43 years$1,746$1,056$614$347$191$141
44 years$1,687$1,007$577$320$173$127
45 years$1,631$960$541$295$158$114
46 years$1,578$916$509$273$143$103
47 years$1,527$874$478$252$130$93
48 years$1,478$835$449$233$118$83
49 years$1,431$797$422$215$107$75
50 years$1,386$761$397$199$97$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,420,000, adding $3,999 every year, while hoping to spend $47,576 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: 46/45/9 Blend
79$1,420,000$1,420,000$1,420,000$1,420,000
80$1,568,965$1,493,705$1,471,695$1,637,036
81$1,678,379$1,516,276$1,470,376$1,706,973
82$1,797,359$1,538,359$1,467,419$1,777,550
83$1,926,829$1,559,878$1,462,718$1,853,021
84$2,067,809$1,580,756$1,456,162$1,933,854
85$2,221,420$1,600,907$1,447,637$2,020,567
86$2,388,893$1,620,239$1,437,021$2,113,731
87$2,571,586$1,638,657$1,424,188$2,213,977
88$2,770,994$1,656,057$1,409,004$2,322,000
89$2,988,760$1,672,329$1,391,330$2,438,570
90$3,226,694$1,687,354$1,371,021$2,564,534
91$3,486,790$1,701,007$1,347,923$2,700,830
92$3,771,241$1,713,155$1,321,877$2,848,493
93$4,082,464$1,723,656$1,292,716$3,008,663
94$4,423,118$1,732,357$1,260,264$3,182,603
95$4,796,132$1,739,099$1,224,339$3,371,704
96$5,204,731$1,743,709$1,184,749$3,577,502
97$5,652,469$1,746,006$1,141,294$3,801,695
98$6,143,258$1,745,797$1,093,763$4,046,154
99$6,681,405$1,742,876$1,041,939$4,312,946
100$7,271,656$1,737,025$985,592$4,604,354