Can I retire at age 80 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$133,778$132,586$131,424$130,289$129,181$128,259
2 years$66,227$64,993$63,798$62,639$61,515$60,585
3 years$43,713$42,474$41,282$40,133$39,028$38,119
4 years$32,458$31,223$30,042$28,914$27,835$26,955
5 years$25,707$24,479$23,314$22,209$21,160$20,310
6 years$21,207$19,989$18,841$17,760$16,743$15,925
7 years$17,995$16,787$15,657$14,602$13,616$12,831
8 years$15,586$14,389$13,279$12,249$11,296$10,543
9 years$13,714$12,528$11,437$10,434$9,513$8,791
10 years$12,217$11,043$9,971$8,994$8,106$7,415
11 years$10,994$9,831$8,778$7,827$6,971$6,312
12 years$9,974$8,824$7,790$6,866$6,041$5,412
13 years$9,113$7,974$6,960$6,061$5,268$4,669
14 years$8,375$7,248$6,254$5,381$4,618$4,048
15 years$7,736$6,622$5,646$4,798$4,066$3,525
16 years$7,177$6,075$5,119$4,297$3,593$3,080
17 years$6,685$5,595$4,658$3,860$3,186$2,699
18 years$6,248$5,170$4,252$3,479$2,833$2,372
19 years$5,857$4,791$3,893$3,144$2,525$2,089
20 years$5,506$4,452$3,573$2,847$2,255$1,843
21 years$5,189$4,147$3,286$2,584$2,018$1,629
22 years$4,900$3,871$3,029$2,349$1,809$1,442
23 years$4,638$3,621$2,797$2,140$1,624$1,278
24 years$4,397$3,392$2,586$1,951$1,460$1,134
25 years$4,177$3,184$2,395$1,782$1,314$1,007
26 years$3,973$2,992$2,222$1,630$1,183$895
27 years$3,785$2,816$2,063$1,492$1,067$797
28 years$3,611$2,653$1,918$1,367$963$709
29 years$3,449$2,503$1,785$1,253$869$632
30 years$3,298$2,364$1,662$1,150$785$563
31 years$3,157$2,235$1,550$1,056$710$502
32 years$3,025$2,115$1,446$971$642$448
33 years$2,901$2,003$1,350$893$581$400
34 years$2,785$1,898$1,261$821$526$357
35 years$2,676$1,800$1,179$756$477$319
36 years$2,573$1,709$1,103$696$432$285
37 years$2,476$1,623$1,033$642$391$254
38 years$2,384$1,542$967$591$355$227
39 years$2,297$1,467$906$545$322$203
40 years$2,215$1,395$849$503$292$182
41 years$2,137$1,328$796$464$265$162
42 years$2,062$1,265$747$428$240$145
43 years$1,992$1,205$701$395$218$130
44 years$1,925$1,149$658$365$198$116
45 years$1,861$1,095$618$337$180$104
46 years$1,800$1,045$580$311$163$93
47 years$1,742$997$545$288$148$83
48 years$1,686$952$512$266$135$74
49 years$1,633$909$481$246$122$67
50 years$1,582$868$453$227$111$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,620,000, adding $5,504 every year, while hoping to spend $37,674 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: 58/23/19 Blend
79$1,620,000$1,620,000$1,620,000$1,620,000
80$1,790,917$1,705,057$1,679,947$1,885,509
81$1,933,506$1,748,520$1,696,141$1,993,826
82$2,089,376$1,792,850$1,711,614$2,107,283
83$2,259,843$1,838,050$1,726,303$2,230,128
84$2,446,353$1,884,121$1,740,141$2,363,274
85$2,650,502$1,931,064$1,753,056$2,507,726
86$2,874,044$1,978,877$1,764,975$2,664,592
87$3,118,914$2,027,559$1,775,818$2,835,091
88$3,387,239$2,077,105$1,785,504$3,020,566
89$3,681,364$2,127,511$1,793,946$3,222,499
90$4,003,872$2,178,767$1,801,052$3,442,519
91$4,357,607$2,230,867$1,806,727$3,682,425
92$4,745,701$2,283,797$1,810,870$3,944,195
93$5,171,604$2,337,545$1,813,376$4,230,012
94$5,639,118$2,392,094$1,814,134$4,542,278
95$6,152,428$2,447,427$1,813,027$4,883,644
96$6,716,146$2,503,522$1,809,935$5,257,026
97$7,335,353$2,560,355$1,804,728$5,665,643
98$8,015,646$2,617,899$1,797,273$6,113,037
99$8,763,189$2,676,123$1,787,428$6,603,116
100$9,584,774$2,734,993$1,775,047$7,140,183