Can I retire at age 80 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$146,165$144,863$143,593$142,353$141,142$139,726
2 years$72,359$71,011$69,705$68,439$67,211$65,785
3 years$47,760$46,407$45,104$43,849$42,641$41,249
4 years$35,463$34,114$32,824$31,591$30,412$29,065
5 years$28,087$26,746$25,473$24,265$23,119$21,820
6 years$23,171$21,840$20,586$19,405$18,293$17,045
7 years$19,661$18,341$17,107$15,954$14,877$13,680
8 years$17,030$15,722$14,508$13,383$12,342$11,195
9 years$14,984$13,689$12,496$11,400$10,394$9,298
10 years$13,349$12,066$10,894$9,827$8,856$7,810
11 years$12,012$10,741$9,591$8,552$7,616$6,619
12 years$10,898$9,641$8,512$7,501$6,600$5,651
13 years$9,957$8,713$7,605$6,623$5,756$4,853
14 years$9,150$7,920$6,833$5,879$5,045$4,188
15 years$8,452$7,235$6,169$5,243$4,442$3,629
16 years$7,842$6,638$5,593$4,694$3,926$3,156
17 years$7,304$6,113$5,090$4,218$3,481$2,752
18 years$6,826$5,649$4,646$3,801$3,095$2,407
19 years$6,399$5,235$4,253$3,435$2,759$2,109
20 years$6,016$4,865$3,904$3,111$2,464$1,851
21 years$5,669$4,531$3,590$2,823$2,205$1,628
22 years$5,354$4,230$3,309$2,567$1,977$1,433
23 years$5,067$3,956$3,055$2,338$1,774$1,264
24 years$4,805$3,707$2,826$2,132$1,595$1,115
25 years$4,563$3,478$2,617$1,947$1,435$985
26 years$4,341$3,269$2,427$1,780$1,293$871
27 years$4,135$3,077$2,254$1,630$1,166$771
28 years$3,945$2,899$2,095$1,493$1,052$682
29 years$3,768$2,735$1,950$1,369$950$604
30 years$3,603$2,583$1,816$1,257$858$536
31 years$3,449$2,442$1,693$1,154$776$475
32 years$3,305$2,310$1,580$1,061$702$421
33 years$3,170$2,188$1,475$975$635$374
34 years$3,043$2,074$1,378$897$575$332
35 years$2,924$1,967$1,289$826$521$295
36 years$2,811$1,867$1,205$761$472$262
37 years$2,705$1,773$1,128$701$428$232
38 years$2,605$1,685$1,057$646$388$206
39 years$2,510$1,602$990$596$352$183
40 years$2,420$1,524$928$550$319$163
41 years$2,335$1,451$870$507$289$145
42 years$2,253$1,382$816$468$263$129
43 years$2,176$1,317$766$432$238$114
44 years$2,103$1,255$719$399$216$102
45 years$2,033$1,197$675$368$196$90
46 years$1,966$1,142$634$340$178$80
47 years$1,903$1,090$596$314$162$72
48 years$1,842$1,040$560$290$147$64
49 years$1,784$993$526$268$134$57
50 years$1,728$949$495$248$121$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,770,000, adding $2,783 every year, while hoping to spend $58,148 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: 35/47/18 Blend
79$1,770,000$1,770,000$1,770,000$1,770,000
80$1,953,411$1,859,601$1,832,166$2,010,921
81$2,090,790$1,888,852$1,831,674$2,082,431
82$2,240,232$1,917,588$1,829,217$2,153,908
83$2,402,908$1,945,722$1,824,668$2,229,807
84$2,580,103$1,973,160$1,817,893$2,310,553
85$2,773,232$1,999,804$1,808,751$2,396,617
86$2,983,855$2,025,548$1,797,098$2,488,522
87$3,213,686$2,050,277$1,782,778$2,586,843
88$3,464,611$2,073,870$1,765,631$2,692,219
89$3,738,710$2,096,198$1,745,488$2,805,357
90$4,038,269$2,117,123$1,722,172$2,927,038
91$4,365,807$2,136,496$1,695,499$3,058,126
92$4,724,096$2,154,161$1,665,275$3,199,577
93$5,116,190$2,169,951$1,631,298$3,352,449
94$5,545,449$2,183,687$1,593,354$3,517,911
95$6,015,576$2,195,179$1,551,223$3,697,256
96$6,530,648$2,204,225$1,504,672$3,891,914
97$7,095,154$2,210,612$1,453,458$4,103,467
98$7,714,038$2,214,110$1,397,327$4,333,660
99$8,392,746$2,214,479$1,336,014$4,584,428
100$9,137,277$2,211,459$1,269,242$4,857,903