Can I retire at age 80 with 395,000?

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 $395,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$32,619$32,328$32,045$31,768$31,498$30,320
2 years$16,148$15,847$15,556$15,273$14,999$13,826
3 years$10,658$10,356$10,066$9,786$9,516$8,384
4 years$7,914$7,613$7,325$7,050$6,787$5,705
5 years$6,268$5,969$5,685$5,415$5,159$4,131
6 years$5,171$4,874$4,594$4,330$4,082$3,108
7 years$4,388$4,093$3,818$3,560$3,320$2,399
8 years$3,800$3,509$3,238$2,987$2,754$1,886
9 years$3,344$3,055$2,789$2,544$2,320$1,502
10 years$2,979$2,693$2,431$2,193$1,976$1,209
11 years$2,681$2,397$2,140$1,909$1,700$981
12 years$2,432$2,152$1,900$1,674$1,473$800
13 years$2,222$1,944$1,697$1,478$1,284$656
14 years$2,042$1,767$1,525$1,312$1,126$540
15 years$1,886$1,615$1,377$1,170$991$446
16 years$1,750$1,481$1,248$1,048$876$370
17 years$1,630$1,364$1,136$941$777$307
18 years$1,523$1,261$1,037$848$691$255
19 years$1,428$1,168$949$766$616$212
20 years$1,342$1,086$871$694$550$177
21 years$1,265$1,011$801$630$492$147
22 years$1,195$944$738$573$441$123
23 years$1,131$883$682$522$396$103
24 years$1,072$827$631$476$356$86
25 years$1,018$776$584$435$320$72
26 years$969$730$542$397$288$60
27 years$923$687$503$364$260$50
28 years$880$647$468$333$235$42
29 years$841$610$435$306$212$35
30 years$804$576$405$280$191$30
31 years$770$545$378$258$173$25
32 years$738$516$353$237$157$21
33 years$707$488$329$218$142$17
34 years$679$463$308$200$128$15
35 years$652$439$288$184$116$12
36 years$627$417$269$170$105$10
37 years$604$396$252$156$95$9
38 years$581$376$236$144$87$7
39 years$560$358$221$133$78$6
40 years$540$340$207$123$71$5
41 years$521$324$194$113$65$4
42 years$503$308$182$104$59$4
43 years$486$294$171$96$53$3
44 years$469$280$160$89$48$2
45 years$454$267$151$82$44$2
46 years$439$255$141$76$40$2
47 years$425$243$133$70$36$1
48 years$411$232$125$65$33$1
49 years$398$222$117$60$30$1
50 years$386$212$110$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $395,000, adding $4,829 every year, while hoping to spend $30,744 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: 61/15/24 Blend
79$395,000$395,000$395,000$395,000
80$440,271$419,336$413,214$464,049
81$452,467$407,172$394,345$468,578
82$464,877$393,382$373,814$469,738
83$477,490$377,853$351,532$470,329
84$490,293$360,467$327,407$470,301
85$503,271$341,098$301,343$469,600
86$516,406$319,613$273,240$468,169
87$529,678$295,873$242,992$465,945
88$543,063$269,727$210,489$462,863
89$556,532$241,021$175,618$458,850
90$570,055$209,588$138,257$453,830
91$583,594$175,252$98,283$447,720
92$597,110$137,828$55,565$440,430
93$610,555$97,121$9,966$431,865
94$623,877$52,925$0$421,921
95$637,015$5,021$0$420,398
96$649,902$0$0$420,633
97$662,464$0$0$427,710
98$674,614$0$0$435,323
99$686,257$0$0$442,578
100$697,288$0$0$449,402