Can I retire at age 80 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$137,081$135,860$134,669$133,506$132,371$130,988
2 years$67,862$66,598$65,373$64,186$63,034$61,642
3 years$44,792$43,523$42,301$41,124$39,991$38,633
4 years$33,259$31,994$30,784$29,628$28,522$27,207
5 years$26,341$25,083$23,890$22,757$21,682$20,415
6 years$21,731$20,483$19,306$18,199$17,156$15,939
7 years$18,439$17,201$16,044$14,962$13,953$12,785
8 years$15,971$14,745$13,606$12,552$11,575$10,457
9 years$14,053$12,838$11,719$10,691$9,748$8,679
10 years$12,519$11,316$10,217$9,216$8,306$7,286
11 years$11,265$10,074$8,995$8,021$7,143$6,171
12 years$10,221$9,042$7,983$7,035$6,190$5,265
13 years$9,338$8,171$7,132$6,211$5,398$4,519
14 years$8,582$7,427$6,408$5,513$4,732$3,897
15 years$7,927$6,785$5,786$4,917$4,166$3,375
16 years$7,354$6,225$5,246$4,403$3,682$2,933
17 years$6,850$5,733$4,773$3,956$3,265$2,556
18 years$6,402$5,298$4,357$3,565$2,903$2,233
19 years$6,002$4,910$3,989$3,221$2,587$1,955
20 years$5,642$4,562$3,661$2,917$2,311$1,715
21 years$5,317$4,250$3,367$2,648$2,068$1,507
22 years$5,021$3,967$3,104$2,407$1,854$1,326
23 years$4,752$3,710$2,866$2,192$1,664$1,168
24 years$4,506$3,476$2,650$2,000$1,496$1,030
25 years$4,280$3,262$2,455$1,826$1,346$910
26 years$4,071$3,066$2,276$1,670$1,212$803
27 years$3,878$2,885$2,114$1,528$1,093$710
28 years$3,700$2,719$1,965$1,400$986$628
29 years$3,534$2,565$1,829$1,284$891$556
30 years$3,379$2,422$1,703$1,179$805$493
31 years$3,235$2,290$1,588$1,082$728$436
32 years$3,099$2,167$1,482$995$658$387
33 years$2,973$2,052$1,383$915$596$343
34 years$2,854$1,945$1,293$842$539$304
35 years$2,742$1,845$1,208$775$488$270
36 years$2,636$1,751$1,131$714$443$239
37 years$2,537$1,663$1,058$657$401$212
38 years$2,443$1,580$991$606$364$189
39 years$2,354$1,503$928$559$330$167
40 years$2,269$1,430$870$515$299$149
41 years$2,189$1,361$816$475$271$132
42 years$2,113$1,296$765$439$246$117
43 years$2,041$1,235$718$405$223$104
44 years$1,972$1,177$674$374$203$92
45 years$1,907$1,123$633$345$184$82
46 years$1,844$1,071$595$319$167$73
47 years$1,785$1,022$559$295$152$65
48 years$1,727$976$525$272$138$58
49 years$1,673$932$493$252$125$51
50 years$1,621$890$464$233$114$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,660,000, adding $4,559 every year, while hoping to spend $43,422 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: 33/44/23 Blend
79$1,660,000$1,660,000$1,660,000$1,660,000
80$1,834,023$1,746,043$1,720,313$1,881,495
81$1,974,892$1,785,398$1,731,742$1,956,809
82$2,128,675$1,825,227$1,742,100$2,033,670
83$2,296,643$1,865,505$1,751,303$2,115,627
84$2,480,195$1,906,210$1,759,266$2,203,155
85$2,680,872$1,947,311$1,765,899$2,296,781
86$2,900,371$1,988,779$1,771,106$2,397,085
87$3,140,559$2,030,579$1,774,788$2,504,707
88$3,403,493$2,072,675$1,776,841$2,620,354
89$3,691,438$2,115,025$1,777,154$2,744,804
90$4,006,889$2,157,585$1,775,612$2,878,915
91$4,352,591$2,200,307$1,772,095$3,023,637
92$4,731,571$2,243,137$1,766,476$3,180,015
93$5,147,160$2,286,020$1,758,622$3,349,202
94$5,603,027$2,328,891$1,748,392$3,532,472
95$6,103,215$2,371,686$1,735,642$3,731,229
96$6,652,175$2,414,331$1,720,219$3,947,023
97$7,254,812$2,456,748$1,701,961$4,181,561
98$7,916,527$2,498,854$1,680,702$4,436,732
99$8,643,272$2,540,556$1,656,264$4,714,614
100$9,441,601$2,581,759$1,628,464$5,017,504