Can I retire at age 80 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$132,952$131,768$130,613$129,485$128,384$126,727
2 years$65,818$64,592$63,404$62,252$61,135$59,468
3 years$43,443$42,212$41,027$39,886$38,787$37,162
4 years$32,257$31,030$29,857$28,735$27,663$26,092
5 years$25,548$24,328$23,170$22,072$21,029$19,517
6 years$21,076$19,866$18,725$17,651$16,639$15,188
7 years$17,884$16,683$15,561$14,512$13,532$12,142
8 years$15,490$14,300$13,197$12,173$11,226$9,897
9 years$13,630$12,451$11,366$10,369$9,454$8,186
10 years$12,142$10,975$9,909$8,938$8,055$6,847
11 years$10,926$9,770$8,724$7,779$6,928$5,778
12 years$9,913$8,769$7,742$6,823$6,004$4,910
13 years$9,056$7,925$6,917$6,024$5,235$4,198
14 years$8,323$7,204$6,215$5,347$4,589$3,606
15 years$7,688$6,581$5,611$4,769$4,041$3,110
16 years$7,133$6,038$5,088$4,270$3,571$2,691
17 years$6,644$5,560$4,630$3,837$3,166$2,336
18 years$6,209$5,138$4,226$3,458$2,815$2,032
19 years$5,821$4,762$3,869$3,124$2,509$1,772
20 years$5,472$4,425$3,551$2,830$2,242$1,547
21 years$5,157$4,122$3,266$2,568$2,006$1,354
22 years$4,870$3,847$3,010$2,335$1,798$1,186
23 years$4,609$3,598$2,779$2,126$1,614$1,040
24 years$4,370$3,372$2,570$1,939$1,451$913
25 years$4,151$3,164$2,381$1,771$1,305$802
26 years$3,949$2,974$2,208$1,619$1,176$705
27 years$3,762$2,799$2,050$1,482$1,060$620
28 years$3,588$2,637$1,906$1,358$957$546
29 years$3,427$2,488$1,774$1,245$864$481
30 years$3,277$2,349$1,652$1,143$780$424
31 years$3,137$2,221$1,540$1,050$706$374
32 years$3,006$2,102$1,437$965$638$330
33 years$2,883$1,990$1,342$887$578$291
34 years$2,768$1,886$1,254$816$523$256
35 years$2,659$1,789$1,172$751$474$226
36 years$2,557$1,698$1,096$692$429$200
37 years$2,461$1,613$1,026$638$389$176
38 years$2,369$1,533$961$588$353$156
39 years$2,283$1,457$900$542$320$138
40 years$2,201$1,387$844$500$290$122
41 years$2,123$1,320$791$461$263$107
42 years$2,050$1,257$742$426$239$95
43 years$1,980$1,198$697$393$217$84
44 years$1,913$1,142$654$363$197$74
45 years$1,849$1,089$614$335$179$65
46 years$1,789$1,039$577$309$162$58
47 years$1,731$991$542$286$147$51
48 years$1,675$946$509$264$134$45
49 years$1,623$904$479$244$121$40
50 years$1,572$863$450$226$110$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,610,000, adding $6,884 every year, while hoping to spend $41,855 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: 35/50/15 Blend
79$1,610,000$1,610,000$1,610,000$1,610,000
80$1,781,321$1,695,991$1,671,036$1,835,192
81$1,918,482$1,734,561$1,682,482$1,913,467
82$2,068,231$1,773,618$1,692,909$1,993,419
83$2,231,808$1,813,142$1,702,238$2,078,781
84$2,410,576$1,853,111$1,710,388$2,170,057
85$2,606,040$1,893,498$1,717,270$2,267,797
86$2,819,852$1,934,276$1,722,795$2,372,613
87$3,053,836$1,975,414$1,726,867$2,485,175
88$3,309,996$2,016,878$1,729,386$2,606,225
89$3,590,541$2,058,630$1,730,247$2,736,577
90$3,897,904$2,100,631$1,729,338$2,877,133
91$4,234,764$2,142,836$1,726,544$3,028,884
92$4,604,070$2,185,195$1,721,744$3,192,924
93$5,009,073$2,227,657$1,714,810$3,370,459
94$5,453,351$2,270,165$1,705,608$3,562,818
95$5,940,845$2,312,656$1,693,999$3,771,468
96$6,475,899$2,355,063$1,679,835$3,998,026
97$7,063,294$2,397,315$1,662,963$4,244,276
98$7,708,299$2,439,333$1,643,222$4,512,183
99$8,416,719$2,481,033$1,620,442$4,803,915
100$9,194,945$2,522,324$1,594,448$5,121,865