Can I retire at age 80 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$42,528$42,149$41,780$41,419$41,067$40,689
2 years$21,054$20,661$20,281$19,913$19,556$19,175
3 years$13,896$13,502$13,123$12,758$12,407$12,035
4 years$10,318$9,926$9,551$9,192$8,849$8,489
5 years$8,172$7,782$7,412$7,060$6,727$6,379
6 years$6,742$6,355$5,990$5,646$5,323$4,989
7 years$5,721$5,337$4,977$4,642$4,329$4,008
8 years$4,955$4,574$4,221$3,894$3,591$3,284
9 years$4,360$3,983$3,636$3,317$3,024$2,731
10 years$3,884$3,511$3,170$2,859$2,577$2,296
11 years$3,495$3,125$2,791$2,488$2,216$1,949
12 years$3,171$2,805$2,477$2,183$1,920$1,666
13 years$2,897$2,535$2,213$1,927$1,675$1,432
14 years$2,662$2,304$1,988$1,710$1,468$1,238
15 years$2,459$2,105$1,795$1,525$1,293$1,074
16 years$2,282$1,931$1,627$1,366$1,142$935
17 years$2,125$1,779$1,481$1,227$1,013$817
18 years$1,986$1,644$1,352$1,106$901$715
19 years$1,862$1,523$1,238$999$803$628
20 years$1,750$1,415$1,136$905$717$552
21 years$1,649$1,318$1,045$821$642$486
22 years$1,558$1,231$963$747$575$428
23 years$1,474$1,151$889$680$516$378
24 years$1,398$1,078$822$620$464$334
25 years$1,328$1,012$762$567$418$296
26 years$1,263$951$706$518$376$262
27 years$1,203$895$656$474$339$232
28 years$1,148$844$610$434$306$206
29 years$1,096$796$567$398$276$183
30 years$1,048$752$528$366$250$162
31 years$1,004$710$493$336$226$144
32 years$962$672$460$309$204$128
33 years$922$637$429$284$185$114
34 years$885$603$401$261$167$101
35 years$851$572$375$240$152$90
36 years$818$543$351$221$137$80
37 years$787$516$328$204$124$71
38 years$758$490$307$188$113$63
39 years$730$466$288$173$102$56
40 years$704$444$270$160$93$50
41 years$679$422$253$148$84$45
42 years$656$402$237$136$76$40
43 years$633$383$223$126$69$35
44 years$612$365$209$116$63$32
45 years$592$348$196$107$57$28
46 years$572$332$184$99$52$25
47 years$554$317$173$91$47$22
48 years$536$303$163$85$43$20
49 years$519$289$153$78$39$18
50 years$503$276$144$72$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $515,000, adding $4,051 every year, while hoping to spend $20,847 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: 35/46/19 Blend
79$515,000$515,000$515,000$515,000
80$571,709$544,414$536,431$588,276
81$607,842$548,909$532,221$605,258
82$646,962$552,926$527,170$621,338
83$689,352$556,419$521,230$638,253
84$735,322$559,339$514,347$656,090
85$785,214$561,636$506,467$674,943
86$839,404$563,255$497,532$694,922
87$898,305$564,136$487,482$716,145
88$962,373$564,220$476,253$738,746
89$1,032,108$563,439$463,780$762,873
90$1,108,060$561,725$449,994$788,691
91$1,190,836$559,003$434,823$816,385
92$1,281,102$555,195$418,190$846,158
93$1,379,593$550,218$400,017$878,239
94$1,487,115$543,983$380,222$912,881
95$1,604,560$536,396$358,718$950,363
96$1,732,905$527,360$335,415$990,999
97$1,873,228$516,768$310,219$1,035,135
98$2,026,718$504,509$283,031$1,083,156
99$2,194,679$490,466$253,749$1,135,489
100$2,378,551$474,514$222,265$1,192,607