Can I retire at age 80 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$52,685$52,216$51,758$51,311$50,875$50,177
2 years$26,082$25,596$25,125$24,669$24,226$23,524
3 years$17,215$16,727$16,258$15,806$15,370$14,686
4 years$12,783$12,296$11,832$11,387$10,962$10,301
5 years$10,124$9,641$9,182$8,746$8,333$7,697
6 years$8,352$7,872$7,420$6,995$6,594$5,983
7 years$7,087$6,611$6,166$5,751$5,363$4,778
8 years$6,138$5,667$5,229$4,824$4,449$3,890
9 years$5,401$4,934$4,504$4,109$3,746$3,214
10 years$4,812$4,349$3,927$3,542$3,192$2,685
11 years$4,330$3,872$3,457$3,083$2,745$2,263
12 years$3,928$3,475$3,068$2,704$2,379$1,921
13 years$3,589$3,140$2,741$2,387$2,075$1,640
14 years$3,298$2,855$2,463$2,119$1,819$1,407
15 years$3,047$2,608$2,224$1,890$1,601$1,212
16 years$2,827$2,393$2,016$1,692$1,415$1,047
17 years$2,633$2,203$1,835$1,520$1,255$907
18 years$2,461$2,036$1,675$1,370$1,116$788
19 years$2,307$1,887$1,533$1,238$994$686
20 years$2,168$1,754$1,407$1,121$888$598
21 years$2,043$1,633$1,294$1,018$795$523
22 years$1,930$1,525$1,193$925$713$457
23 years$1,827$1,426$1,101$843$640$400
24 years$1,732$1,336$1,019$769$575$351
25 years$1,645$1,254$943$702$517$308
26 years$1,565$1,178$875$642$466$270
27 years$1,491$1,109$812$587$420$237
28 years$1,422$1,045$755$538$379$209
29 years$1,358$986$703$494$342$183
30 years$1,299$931$655$453$309$161
31 years$1,243$880$610$416$280$142
32 years$1,191$833$569$382$253$125
33 years$1,143$789$532$352$229$110
34 years$1,097$747$497$323$207$97
35 years$1,054$709$464$298$188$85
36 years$1,013$673$435$274$170$75
37 years$975$639$407$253$154$66
38 years$939$607$381$233$140$59
39 years$905$578$357$215$127$52
40 years$872$549$334$198$115$46
41 years$841$523$314$183$104$40
42 years$812$498$294$169$95$35
43 years$784$475$276$156$86$31
44 years$758$452$259$144$78$28
45 years$733$431$243$133$71$24
46 years$709$412$229$123$64$21
47 years$686$393$215$113$58$19
48 years$664$375$202$105$53$17
49 years$643$358$190$97$48$15
50 years$623$342$178$89$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $638,000, adding $4,814 every year, while hoping to spend $50,378 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: 31/46/23 Blend
79$638,000$638,000$638,000$638,000
80$708,042$674,228$664,339$724,832
81$726,660$653,663$632,992$717,442
82$745,489$630,402$598,907$704,652
83$764,497$604,260$561,939$689,851
84$783,647$575,040$521,935$672,896
85$802,898$542,536$478,739$653,634
86$822,201$506,527$432,183$631,904
87$841,500$466,782$382,097$607,535
88$860,735$423,056$328,299$580,344
89$879,834$375,090$270,600$550,138
90$898,717$322,609$208,805$516,709
91$917,293$265,324$142,708$479,840
92$935,463$202,931$72,094$439,296
93$953,110$135,104$0$394,831
94$970,108$61,505$0$346,981
95$986,313$0$0$313,599
96$1,001,564$0$0$285,960
97$1,015,682$0$0$289,012
98$1,028,466$0$0$291,554
99$1,039,695$0$0$293,506
100$1,049,117$0$0$294,783