Can I retire at age 80 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$120,565$119,492$118,444$117,421$116,422$115,495
2 years$59,686$58,574$57,497$56,452$55,439$54,505
3 years$39,395$38,279$37,204$36,170$35,173$34,260
4 years$29,252$28,139$27,075$26,058$25,086$24,201
5 years$23,168$22,061$21,011$20,015$19,070$18,216
6 years$19,113$18,015$16,980$16,006$15,089$14,268
7 years$16,217$15,129$14,111$13,160$12,272$11,483
8 years$14,047$12,968$11,967$11,039$10,180$9,424
9 years$12,360$11,291$10,307$9,403$8,573$7,850
10 years$11,011$9,953$8,986$8,106$7,305$6,613
11 years$9,908$8,860$7,911$7,054$6,283$5,622
12 years$8,989$7,952$7,021$6,188$5,444$4,815
13 years$8,213$7,187$6,273$5,463$4,748$4,148
14 years$7,548$6,532$5,636$4,849$4,162$3,592
15 years$6,972$5,968$5,089$4,325$3,664$3,123
16 years$6,468$5,475$4,614$3,872$3,238$2,725
17 years$6,025$5,042$4,198$3,479$2,871$2,385
18 years$5,631$4,659$3,832$3,135$2,553$2,093
19 years$5,279$4,318$3,508$2,833$2,276$1,840
20 years$4,962$4,013$3,220$2,566$2,033$1,622
21 years$4,676$3,738$2,962$2,329$1,819$1,431
22 years$4,416$3,489$2,730$2,117$1,631$1,265
23 years$4,180$3,263$2,520$1,928$1,464$1,120
24 years$3,963$3,057$2,331$1,759$1,316$992
25 years$3,764$2,869$2,159$1,606$1,184$880
26 years$3,581$2,697$2,002$1,469$1,066$781
27 years$3,411$2,538$1,859$1,344$961$694
28 years$3,254$2,391$1,728$1,232$867$616
29 years$3,108$2,256$1,608$1,129$783$548
30 years$2,972$2,131$1,498$1,037$708$488
31 years$2,845$2,014$1,397$952$640$434
32 years$2,726$1,906$1,303$875$579$387
33 years$2,615$1,805$1,217$805$524$345
34 years$2,510$1,710$1,137$740$474$307
35 years$2,412$1,622$1,063$681$430$274
36 years$2,319$1,540$994$628$389$244
37 years$2,231$1,463$931$578$353$218
38 years$2,149$1,390$872$533$320$194
39 years$2,070$1,322$817$491$290$173
40 years$1,996$1,257$765$453$263$155
41 years$1,926$1,197$718$418$239$138
42 years$1,859$1,140$673$386$217$123
43 years$1,795$1,086$632$356$197$110
44 years$1,735$1,035$593$329$178$98
45 years$1,677$987$557$304$162$88
46 years$1,622$942$523$281$147$78
47 years$1,570$899$491$259$134$70
48 years$1,519$858$462$240$121$63
49 years$1,471$819$434$221$110$56
50 years$1,425$783$408$205$100$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,460,000, adding $4,758 every year, while hoping to spend $24,331 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: 38/37/25 Blend
79$1,460,000$1,460,000$1,460,000$1,460,000
80$1,613,828$1,536,448$1,513,818$1,662,960
81$1,752,550$1,585,846$1,538,643$1,748,649
82$1,904,607$1,636,849$1,563,484$1,838,591
83$2,071,332$1,689,510$1,588,316$1,935,319
84$2,254,196$1,743,883$1,613,112$2,039,463
85$2,454,817$1,800,026$1,637,844$2,151,714
86$2,674,977$1,857,997$1,662,482$2,272,835
87$2,916,642$1,917,857$1,686,992$2,403,663
88$3,181,975$1,979,667$1,711,341$2,545,119
89$3,473,358$2,043,492$1,735,493$2,698,217
90$3,793,418$2,109,400$1,759,409$2,864,074
91$4,145,045$2,177,459$1,783,048$3,043,915
92$4,531,426$2,247,741$1,806,366$3,239,092
93$4,956,071$2,320,320$1,829,319$3,451,092
94$5,422,847$2,395,273$1,851,858$3,681,551
95$5,936,014$2,472,677$1,873,932$3,932,271
96$6,500,264$2,552,615$1,895,485$4,205,234
97$7,120,770$2,635,172$1,916,463$4,502,624
98$7,803,228$2,720,435$1,936,804$4,826,846
99$8,553,915$2,808,494$1,956,444$5,180,547
100$9,379,747$2,899,443$1,975,318$5,566,642