Can I retire at age 80 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$44,428$44,032$43,646$43,269$42,901$41,544
2 years$21,994$21,584$21,187$20,802$20,429$19,074
3 years$14,517$14,106$13,710$13,328$12,961$11,651
4 years$10,779$10,369$9,977$9,602$9,244$7,989
5 years$8,537$8,129$7,743$7,375$7,027$5,830
6 years$7,043$6,638$6,257$5,898$5,560$4,422
7 years$5,976$5,575$5,200$4,849$4,522$3,443
8 years$5,176$4,779$4,410$4,068$3,751$2,731
9 years$4,555$4,161$3,798$3,465$3,159$2,195
10 years$4,057$3,667$3,311$2,987$2,692$1,784
11 years$3,651$3,265$2,915$2,599$2,315$1,461
12 years$3,312$2,930$2,587$2,280$2,006$1,204
13 years$3,026$2,648$2,311$2,013$1,749$998
14 years$2,781$2,407$2,077$1,787$1,534$830
15 years$2,569$2,199$1,875$1,594$1,350$693
16 years$2,384$2,018$1,700$1,427$1,193$580
17 years$2,220$1,858$1,547$1,282$1,058$487
18 years$2,075$1,717$1,412$1,155$941$409
19 years$1,945$1,591$1,293$1,044$839$344
20 years$1,828$1,479$1,186$946$749$290
21 years$1,723$1,377$1,091$858$670$245
22 years$1,627$1,286$1,006$780$601$207
23 years$1,540$1,202$929$711$539$175
24 years$1,460$1,127$859$648$485$148
25 years$1,387$1,057$796$592$436$125
26 years$1,319$994$738$541$393$106
27 years$1,257$935$685$495$354$90
28 years$1,199$881$637$454$320$76
29 years$1,145$831$593$416$289$64
30 years$1,095$785$552$382$261$55
31 years$1,048$742$515$351$236$46
32 years$1,005$702$480$322$213$39
33 years$963$665$448$296$193$33
34 years$925$630$419$273$175$28
35 years$889$598$392$251$158$24
36 years$854$567$366$231$143$20
37 years$822$539$343$213$130$17
38 years$792$512$321$196$118$15
39 years$763$487$301$181$107$12
40 years$736$463$282$167$97$11
41 years$710$441$264$154$88$9
42 years$685$420$248$142$80$8
43 years$662$400$233$131$72$6
44 years$639$382$218$121$66$5
45 years$618$364$205$112$60$5
46 years$598$347$193$103$54$4
47 years$578$331$181$96$49$3
48 years$560$316$170$88$45$3
49 years$542$302$160$82$41$2
50 years$525$288$150$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $538,000, adding $6,953 every year, while hoping to spend $25,375 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: 70/18/12 Blend
79$538,000$538,000$538,000$538,000
80$600,048$571,534$563,195$640,037
81$634,254$572,540$555,063$668,484
82$671,099$572,746$545,809$695,869
83$710,824$572,084$535,367$725,167
84$753,697$570,484$523,670$756,562
85$800,009$567,873$510,648$790,258
86$850,083$564,171$496,227$826,479
87$904,270$559,295$480,330$865,470
88$962,961$553,156$462,876$907,507
89$1,026,581$545,658$443,781$952,888
90$1,095,601$536,704$422,956$1,001,948
91$1,170,536$526,186$400,309$1,055,054
92$1,251,955$513,994$375,743$1,112,609
93$1,340,482$500,007$349,159$1,175,062
94$1,436,806$484,102$320,450$1,242,906
95$1,541,681$466,144$289,506$1,316,686
96$1,655,941$445,994$256,213$1,397,003
97$1,780,501$423,502$220,450$1,484,520
98$1,916,370$398,511$182,093$1,579,971
99$2,064,656$370,854$141,009$1,684,163
100$2,226,581$340,356$97,063$1,797,988