Can I retire at age 80 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$47,566$47,142$46,728$46,325$45,931$45,680
2 years$23,547$23,109$22,684$22,272$21,872$21,618
3 years$15,542$15,102$14,678$14,270$13,876$13,629
4 years$11,541$11,101$10,682$10,280$9,897$9,656
5 years$9,140$8,704$8,289$7,896$7,523$7,291
6 years$7,540$7,107$6,699$6,315$5,953$5,729
7 years$6,398$5,969$5,567$5,192$4,841$4,626
8 years$5,542$5,116$4,721$4,355$4,016$3,810
9 years$4,876$4,455$4,066$3,710$3,382$3,184
10 years$4,344$3,926$3,545$3,198$2,882$2,693
11 years$3,909$3,496$3,121$2,783$2,479$2,297
12 years$3,546$3,137$2,770$2,441$2,148$1,975
13 years$3,240$2,835$2,475$2,155$1,873$1,708
14 years$2,978$2,577$2,224$1,913$1,642$1,485
15 years$2,750$2,354$2,008$1,706$1,446$1,296
16 years$2,552$2,160$1,820$1,528$1,278$1,136
17 years$2,377$1,989$1,656$1,373$1,133$998
18 years$2,221$1,838$1,512$1,237$1,007$879
19 years$2,083$1,704$1,384$1,118$898$777
20 years$1,958$1,583$1,270$1,012$802$687
21 years$1,845$1,475$1,168$919$718$609
22 years$1,742$1,376$1,077$835$643$541
23 years$1,649$1,287$994$761$577$481
24 years$1,564$1,206$920$694$519$428
25 years$1,485$1,132$852$634$467$381
26 years$1,413$1,064$790$579$421$340
27 years$1,346$1,001$734$530$379$304
28 years$1,284$943$682$486$342$271
29 years$1,226$890$635$446$309$242
30 years$1,172$841$591$409$279$217
31 years$1,122$795$551$376$252$194
32 years$1,075$752$514$345$228$174
33 years$1,032$712$480$317$207$155
34 years$990$675$449$292$187$139
35 years$951$640$419$269$169$125
36 years$915$608$392$248$154$112
37 years$880$577$367$228$139$100
38 years$848$548$344$210$126$90
39 years$817$521$322$194$114$81
40 years$787$496$302$179$104$72
41 years$760$472$283$165$94$65
42 years$733$450$266$152$85$58
43 years$708$429$249$141$78$52
44 years$684$408$234$130$70$47
45 years$662$390$220$120$64$42
46 years$640$372$206$111$58$38
47 years$619$355$194$102$53$34
48 years$599$339$182$95$48$30
49 years$580$323$171$87$43$27
50 years$562$309$161$81$39$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $576,000, adding $3,982 every year, while hoping to spend $29,360 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: 73/13/14 Blend
79$576,000$576,000$576,000$576,000
80$638,859$608,331$599,403$683,271
81$672,784$606,901$588,245$711,776
82$709,185$604,416$575,728$738,993
83$748,285$600,795$561,777$768,021
84$790,325$595,949$546,312$799,032
85$835,573$589,785$529,248$832,215
86$884,323$582,206$510,499$867,781
87$936,896$573,106$489,973$905,962
88$993,646$562,375$467,574$947,012
89$1,054,962$549,896$443,202$991,215
90$1,121,271$535,544$416,752$1,038,881
91$1,193,043$519,188$388,116$1,090,356
92$1,270,794$500,688$357,178$1,146,019
93$1,355,091$479,899$323,820$1,206,290
94$1,446,559$456,662$287,916$1,271,631
95$1,545,884$430,815$249,338$1,342,553
96$1,653,821$402,181$207,947$1,419,620
97$1,771,201$370,578$163,604$1,503,456
98$1,898,937$335,810$116,158$1,594,746
99$2,038,035$297,671$65,456$1,694,251
100$2,189,601$255,944$11,335$1,802,806