Can I retire at age 80 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$147,817$146,500$145,215$143,961$142,737$140,027
2 years$73,176$71,814$70,493$69,212$67,970$65,250
3 years$48,300$46,931$45,614$44,345$43,123$40,478
4 years$35,864$34,499$33,195$31,948$30,756$28,206
5 years$28,404$27,048$25,761$24,539$23,380$20,933
6 years$23,433$22,087$20,818$19,624$18,500$16,159
7 years$19,883$18,548$17,300$16,134$15,045$12,810
8 years$17,222$15,899$14,672$13,534$12,482$10,352
9 years$15,153$13,843$12,637$11,528$10,511$8,486
10 years$13,500$12,202$11,017$9,938$8,956$7,033
11 years$12,147$10,863$9,699$8,649$7,703$5,879
12 years$11,021$9,750$8,608$7,586$6,675$4,949
13 years$10,069$8,811$7,691$6,697$5,821$4,189
14 years$9,254$8,009$6,910$5,945$5,102$3,562
15 years$8,548$7,316$6,239$5,302$4,492$3,041
16 years$7,930$6,713$5,656$4,747$3,970$2,604
17 years$7,386$6,182$5,147$4,265$3,520$2,236
18 years$6,903$5,713$4,699$3,844$3,130$1,924
19 years$6,472$5,294$4,301$3,473$2,790$1,659
20 years$6,084$4,920$3,948$3,146$2,492$1,433
21 years$5,733$4,583$3,631$2,855$2,230$1,240
22 years$5,415$4,278$3,347$2,596$1,999$1,073
23 years$5,125$4,001$3,090$2,364$1,794$930
24 years$4,859$3,748$2,858$2,156$1,613$807
25 years$4,615$3,518$2,647$1,969$1,451$701
26 years$4,390$3,306$2,455$1,801$1,307$609
27 years$4,182$3,111$2,279$1,648$1,179$529
28 years$3,990$2,932$2,119$1,510$1,064$460
29 years$3,810$2,766$1,972$1,385$960$401
30 years$3,644$2,612$1,837$1,271$868$349
31 years$3,488$2,469$1,712$1,167$785$304
32 years$3,342$2,336$1,598$1,073$710$264
33 years$3,206$2,213$1,492$986$642$230
34 years$3,077$2,097$1,394$908$581$201
35 years$2,957$1,989$1,303$835$527$175
36 years$2,843$1,888$1,219$769$477$152
37 years$2,736$1,793$1,141$709$432$133
38 years$2,634$1,704$1,069$653$392$116
39 years$2,538$1,620$1,001$602$356$101
40 years$2,447$1,542$938$556$323$88
41 years$2,361$1,468$880$513$293$77
42 years$2,279$1,398$825$473$265$67
43 years$2,201$1,332$774$437$241$58
44 years$2,127$1,269$727$403$219$51
45 years$2,056$1,210$683$372$199$44
46 years$1,989$1,155$641$344$180$39
47 years$1,924$1,102$602$318$164$34
48 years$1,863$1,052$566$294$149$30
49 years$1,804$1,005$532$271$135$26
50 years$1,748$960$500$251$123$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,790,000, adding $4,215 every year, while hoping to spend $29,414 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: 71/24/5 Blend
79$1,790,000$1,790,000$1,790,000$1,790,000
80$1,976,928$1,882,058$1,854,313$2,116,063
81$2,147,278$1,942,982$1,885,136$2,269,340
82$2,334,018$2,005,906$1,916,006$2,432,971
83$2,538,789$2,070,897$1,946,893$2,611,233
84$2,763,398$2,138,023$1,977,766$2,805,556
85$3,009,835$2,207,356$2,008,591$3,017,515
86$3,280,292$2,278,971$2,039,333$3,248,840
87$3,577,185$2,352,943$2,069,954$3,501,439
88$3,903,173$2,429,353$2,100,413$3,777,412
89$4,261,187$2,508,282$2,130,667$4,079,069
90$4,654,455$2,589,815$2,160,672$4,408,955
91$5,086,533$2,674,039$2,190,378$4,769,873
92$5,561,340$2,761,047$2,219,735$5,164,909
93$6,083,189$2,850,931$2,248,689$5,597,459
94$6,656,837$2,943,789$2,277,183$6,071,265
95$7,287,522$3,039,722$2,305,156$6,590,450
96$7,981,014$3,138,834$2,332,544$7,159,551
97$8,743,673$3,241,233$2,359,280$7,783,567
98$9,582,504$3,347,029$2,385,292$8,468,003
99$10,505,226$3,456,340$2,410,506$9,218,926
100$11,520,342$3,569,284$2,434,841$10,043,013