Can I retire at age 80 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$126,346$125,221$124,123$123,051$122,004$119,983
2 years$62,548$61,383$60,254$59,159$58,097$56,067
3 years$41,284$40,114$38,988$37,904$36,859$34,883
4 years$30,655$29,488$28,373$27,308$26,288$24,381
5 years$24,278$23,119$22,019$20,975$19,984$18,151
6 years$20,029$18,878$17,795$16,774$15,813$14,057
7 years$16,995$15,854$14,787$13,791$12,860$11,182
8 years$14,721$13,590$12,541$11,569$10,669$9,067
9 years$12,952$11,832$10,801$9,854$8,984$7,459
10 years$11,539$10,430$9,417$8,494$7,655$6,205
11 years$10,383$9,285$8,291$7,392$6,584$5,207
12 years$9,420$8,334$7,358$6,484$5,705$4,400
13 years$8,606$7,531$6,574$5,725$4,975$3,739
14 years$7,910$6,846$5,906$5,082$4,361$3,193
15 years$7,306$6,254$5,333$4,532$3,840$2,737
16 years$6,778$5,738$4,835$4,058$3,394$2,354
17 years$6,313$5,284$4,399$3,646$3,009$2,030
18 years$5,901$4,883$4,016$3,286$2,676$1,754
19 years$5,532$4,525$3,677$2,969$2,385$1,519
20 years$5,200$4,205$3,374$2,689$2,130$1,318
21 years$4,900$3,917$3,104$2,440$1,906$1,145
22 years$4,628$3,656$2,860$2,219$1,709$996
23 years$4,380$3,420$2,641$2,021$1,534$868
24 years$4,153$3,204$2,443$1,843$1,379$756
25 years$3,945$3,007$2,262$1,683$1,241$660
26 years$3,752$2,826$2,098$1,539$1,117$576
27 years$3,575$2,660$1,948$1,409$1,007$503
28 years$3,410$2,506$1,811$1,291$909$440
29 years$3,257$2,364$1,686$1,184$821$384
30 years$3,114$2,233$1,570$1,086$742$336
31 years$2,981$2,111$1,464$998$671$294
32 years$2,857$1,997$1,366$917$607$258
33 years$2,740$1,891$1,275$843$549$226
34 years$2,630$1,793$1,191$776$497$197
35 years$2,527$1,700$1,114$714$450$173
36 years$2,430$1,614$1,042$658$408$152
37 years$2,338$1,533$975$606$370$133
38 years$2,252$1,457$913$559$335$116
39 years$2,170$1,385$856$515$304$102
40 years$2,092$1,318$802$475$276$89
41 years$2,018$1,254$752$438$250$78
42 years$1,948$1,195$705$404$227$69
43 years$1,881$1,138$662$373$206$60
44 years$1,818$1,085$621$345$187$53
45 years$1,757$1,035$583$318$170$46
46 years$1,700$987$548$294$154$41
47 years$1,645$942$515$272$140$36
48 years$1,592$899$484$251$127$31
49 years$1,542$859$455$232$115$27
50 years$1,494$820$428$214$105$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,530,000, adding $6,127 every year, while hoping to spend $45,325 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: 29/45/26 Blend
79$1,530,000$1,530,000$1,530,000$1,530,000
80$1,692,380$1,611,290$1,587,575$1,727,676
81$1,816,777$1,642,018$1,592,533$1,786,560
82$1,952,344$1,672,732$1,596,139$1,845,443
83$2,100,172$1,703,384$1,598,298$1,907,830
84$2,261,461$1,733,922$1,598,913$1,974,053
85$2,437,535$1,764,290$1,597,881$2,044,481
86$2,629,849$1,794,425$1,595,096$2,119,522
87$2,840,005$1,824,263$1,590,443$2,199,625
88$3,069,767$1,853,734$1,583,804$2,285,291
89$3,321,077$1,882,761$1,575,056$2,377,070
90$3,596,074$1,911,263$1,564,067$2,475,573
91$3,897,113$1,939,154$1,550,702$2,581,474
92$4,226,786$1,966,340$1,534,818$2,695,521
93$4,587,949$1,992,721$1,516,266$2,818,539
94$4,983,747$2,018,191$1,494,887$2,951,439
95$5,417,642$2,042,636$1,470,519$3,095,232
96$5,893,450$2,065,934$1,442,990$3,251,032
97$6,415,371$2,087,954$1,412,119$3,420,073
98$6,988,033$2,108,557$1,377,719$3,603,717
99$7,616,533$2,127,597$1,339,593$3,803,471
100$8,306,485$2,144,915$1,297,535$4,021,000