Can I retire at age 80 with 629,000?

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 $629,000?

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$51,942$51,480$51,028$50,588$50,157$49,696
2 years$25,714$25,235$24,771$24,321$23,884$23,419
3 years$16,972$16,491$16,028$15,583$15,153$14,699
4 years$12,602$12,123$11,665$11,226$10,807$10,368
5 years$9,981$9,505$9,052$8,623$8,216$7,792
6 years$8,234$7,761$7,316$6,896$6,501$6,093
7 years$6,987$6,518$6,079$5,669$5,287$4,895
8 years$6,052$5,587$5,156$4,756$4,386$4,011
9 years$5,325$4,864$4,441$4,051$3,694$3,335
10 years$4,744$4,288$3,871$3,492$3,147$2,805
11 years$4,269$3,817$3,408$3,039$2,707$2,380
12 years$3,873$3,426$3,025$2,666$2,346$2,034
13 years$3,538$3,096$2,702$2,353$2,045$1,749
14 years$3,252$2,814$2,428$2,089$1,793$1,512
15 years$3,004$2,571$2,192$1,863$1,579$1,312
16 years$2,787$2,359$1,988$1,668$1,395$1,142
17 years$2,596$2,172$1,809$1,499$1,237$998
18 years$2,426$2,007$1,651$1,351$1,100$873
19 years$2,274$1,860$1,511$1,221$980$767
20 years$2,138$1,729$1,387$1,105$876$674
21 years$2,015$1,610$1,276$1,003$784$593
22 years$1,903$1,503$1,176$912$702$523
23 years$1,801$1,406$1,086$831$631$462
24 years$1,707$1,317$1,004$758$567$408
25 years$1,622$1,236$930$692$510$361
26 years$1,543$1,162$863$633$459$320
27 years$1,470$1,093$801$579$414$284
28 years$1,402$1,030$745$531$374$251
29 years$1,339$972$693$487$337$223
30 years$1,280$918$645$447$305$198
31 years$1,226$868$602$410$276$176
32 years$1,174$821$561$377$249$156
33 years$1,126$778$524$347$226$139
34 years$1,081$737$490$319$204$124
35 years$1,039$699$458$294$185$110
36 years$999$663$428$270$168$98
37 years$961$630$401$249$152$87
38 years$926$599$375$230$138$77
39 years$892$569$352$212$125$69
40 years$860$542$330$195$113$61
41 years$830$516$309$180$103$55
42 years$801$491$290$166$93$49
43 years$773$468$272$153$85$43
44 years$747$446$255$142$77$39
45 years$722$425$240$131$70$34
46 years$699$406$225$121$63$31
47 years$676$387$212$112$58$27
48 years$655$370$199$103$52$24
49 years$634$353$187$95$47$22
50 years$614$337$176$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $629,000, adding $6,711 every year, while hoping to spend $33,347 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: 59/16/25 Blend
79$629,000$629,000$629,000$629,000
80$700,080$666,743$656,994$736,306
81$736,008$663,933$643,522$758,953
82$774,482$659,867$628,482$779,485
83$815,728$654,449$611,784$801,166
84$859,991$647,576$593,338$824,117
85$907,543$639,140$573,048$848,469
86$958,680$629,026$550,813$874,372
87$1,013,727$617,110$526,527$901,988
88$1,073,044$603,265$500,082$931,500
89$1,137,022$587,352$471,362$963,112
90$1,206,093$569,228$440,248$997,049
91$1,280,732$548,737$406,614$1,033,562
92$1,361,460$525,719$370,329$1,072,927
93$1,448,851$500,001$331,256$1,115,455
94$1,543,533$471,401$289,253$1,161,487
95$1,646,201$439,727$244,171$1,211,403
96$1,757,616$404,775$195,852$1,265,623
97$1,878,615$366,331$144,136$1,324,616
98$2,010,120$324,168$88,851$1,388,897
99$2,153,145$278,045$29,820$1,459,041
100$2,308,805$227,709$0$1,535,681