Can I retire at age 80 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$118,088$117,036$116,010$115,008$114,030$112,234
2 years$58,459$57,371$56,316$55,292$54,300$52,495
3 years$38,586$37,492$36,440$35,426$34,450$32,692
4 years$28,651$27,561$26,519$25,523$24,570$22,873
5 years$22,692$21,608$20,580$19,604$18,678$17,047
6 years$18,720$17,645$16,631$15,677$14,779$13,216
7 years$15,884$14,818$13,821$12,889$12,019$10,524
8 years$13,758$12,702$11,721$10,812$9,971$8,544
9 years$12,106$11,059$10,095$9,210$8,397$7,037
10 years$10,785$9,748$8,801$7,939$7,155$5,861
11 years$9,704$8,678$7,749$6,909$6,153$4,924
12 years$8,805$7,789$6,877$6,060$5,332$4,166
13 years$8,044$7,039$6,144$5,350$4,650$3,545
14 years$7,393$6,398$5,520$4,749$4,076$3,031
15 years$6,828$5,845$4,984$4,236$3,589$2,602
16 years$6,335$5,363$4,519$3,793$3,172$2,241
17 years$5,901$4,939$4,112$3,408$2,812$1,935
18 years$5,515$4,564$3,754$3,071$2,501$1,675
19 years$5,170$4,230$3,436$2,775$2,229$1,453
20 years$4,860$3,930$3,154$2,513$1,991$1,262
21 years$4,580$3,661$2,901$2,281$1,782$1,098
22 years$4,326$3,417$2,674$2,074$1,597$957
23 years$4,094$3,196$2,469$1,889$1,434$835
24 years$3,882$2,995$2,283$1,723$1,289$729
25 years$3,687$2,810$2,114$1,573$1,159$637
26 years$3,507$2,641$1,961$1,438$1,044$557
27 years$3,341$2,486$1,821$1,317$942$487
28 years$3,187$2,342$1,693$1,206$850$426
29 years$3,044$2,210$1,575$1,106$767$373
30 years$2,911$2,087$1,467$1,015$693$327
31 years$2,786$1,973$1,368$932$627$287
32 years$2,670$1,867$1,276$857$567$251
33 years$2,561$1,768$1,192$788$513$221
34 years$2,458$1,675$1,114$725$465$193
35 years$2,362$1,589$1,041$667$421$170
36 years$2,271$1,508$974$615$381$149
37 years$2,185$1,432$912$566$346$131
38 years$2,104$1,361$854$522$313$115
39 years$2,028$1,295$800$481$284$101
40 years$1,955$1,232$750$444$258$88
41 years$1,886$1,172$703$410$234$78
42 years$1,821$1,117$659$378$212$68
43 years$1,758$1,064$619$349$192$60
44 years$1,699$1,014$581$322$175$53
45 years$1,643$967$545$298$159$46
46 years$1,589$922$512$275$144$41
47 years$1,537$880$481$254$131$36
48 years$1,488$840$452$235$119$31
49 years$1,441$803$425$217$108$28
50 years$1,396$767$400$200$98$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,430,000, adding $2,599 every year, while hoping to spend $36,320 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: 54/25/21 Blend
79$1,430,000$1,430,000$1,430,000$1,430,000
80$1,578,541$1,502,751$1,480,586$1,654,594
81$1,700,908$1,537,741$1,491,541$1,742,039
82$1,834,539$1,573,229$1,501,646$1,833,151
83$1,980,545$1,609,200$1,510,834$1,931,557
84$2,140,148$1,645,639$1,519,035$2,037,966
85$2,314,695$1,682,527$1,526,174$2,153,158
86$2,505,667$1,719,844$1,532,175$2,277,993
87$2,714,698$1,757,569$1,536,955$2,413,419
88$2,943,583$1,795,676$1,540,429$2,560,481
89$3,194,301$1,834,137$1,542,507$2,720,328
90$3,469,034$1,872,923$1,543,094$2,894,231
91$3,770,179$1,912,001$1,542,092$3,083,587
92$4,100,382$1,951,333$1,539,396$3,289,937
93$4,462,552$1,990,880$1,534,898$3,514,980
94$4,859,899$2,030,599$1,528,483$3,760,588
95$5,295,952$2,070,443$1,520,031$4,028,825
96$5,774,604$2,110,359$1,509,417$4,321,966
97$6,300,141$2,150,293$1,496,509$4,642,517
98$6,877,282$2,190,185$1,481,169$4,993,244
99$7,511,230$2,229,969$1,463,253$5,377,191
100$8,207,713$2,269,575$1,442,609$5,797,719