Can I retire at age 80 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$53,016$52,544$52,083$51,633$51,194$50,957
2 years$26,245$25,757$25,283$24,824$24,378$24,139
3 years$17,323$16,832$16,360$15,905$15,466$15,232
4 years$12,863$12,373$11,906$11,458$11,031$10,804
5 years$10,187$9,701$9,239$8,801$8,385$8,166
6 years$8,404$7,922$7,467$7,038$6,635$6,424
7 years$7,131$6,653$6,205$5,787$5,396$5,193
8 years$6,177$5,702$5,262$4,854$4,477$4,281
9 years$5,435$4,965$4,532$4,135$3,770$3,582
10 years$4,842$4,376$3,951$3,564$3,212$3,033
11 years$4,357$3,896$3,479$3,102$2,763$2,591
12 years$3,953$3,497$3,087$2,721$2,394$2,230
13 years$3,611$3,160$2,758$2,402$2,088$1,931
14 years$3,319$2,873$2,478$2,132$1,830$1,681
15 years$3,066$2,624$2,238$1,902$1,611$1,469
16 years$2,844$2,408$2,029$1,703$1,424$1,289
17 years$2,649$2,217$1,846$1,530$1,263$1,134
18 years$2,476$2,049$1,685$1,379$1,123$1,001
19 years$2,321$1,899$1,543$1,246$1,001$885
20 years$2,182$1,765$1,416$1,128$894$785
21 years$2,056$1,644$1,302$1,024$800$697
22 years$1,942$1,534$1,200$931$717$619
23 years$1,838$1,435$1,108$848$644$551
24 years$1,743$1,344$1,025$773$578$492
25 years$1,655$1,262$949$706$521$439
26 years$1,575$1,186$880$646$469$392
27 years$1,500$1,116$818$591$423$350
28 years$1,431$1,052$760$542$381$313
29 years$1,367$992$707$497$344$280
30 years$1,307$937$659$456$311$251
31 years$1,251$886$614$419$281$225
32 years$1,199$838$573$385$255$202
33 years$1,150$794$535$354$230$181
34 years$1,104$752$500$326$209$162
35 years$1,060$713$467$300$189$146
36 years$1,020$677$437$276$171$131
37 years$981$643$409$254$155$117
38 years$945$611$383$234$141$106
39 years$910$581$359$216$128$95
40 years$878$553$337$199$116$85
41 years$847$526$316$184$105$77
42 years$817$501$296$170$95$69
43 years$789$478$278$157$86$62
44 years$763$455$261$145$78$56
45 years$737$434$245$134$71$50
46 years$713$414$230$123$65$45
47 years$690$395$216$114$59$40
48 years$668$377$203$105$53$36
49 years$647$360$191$97$48$33
50 years$627$344$179$90$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $642,000, adding $5,619 every year, while hoping to spend $33,294 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: 37/36/27 Blend
79$642,000$642,000$642,000$642,000
80$713,280$679,254$669,303$733,739
81$750,610$677,113$656,300$747,178
82$790,632$673,751$641,746$758,238
83$833,585$669,073$625,553$769,540
84$879,732$662,979$607,630$781,130
85$929,361$655,362$587,882$793,058
86$982,789$646,108$566,210$805,382
87$1,040,364$635,097$542,508$818,169
88$1,102,467$622,203$516,668$831,498
89$1,169,518$607,291$488,576$845,457
90$1,241,979$590,218$458,113$860,146
91$1,320,355$570,833$425,154$875,680
92$1,405,204$548,977$389,570$892,191
93$1,497,139$524,480$351,224$909,826
94$1,596,831$497,164$309,974$928,753
95$1,705,022$466,839$265,673$949,161
96$1,822,526$433,306$218,164$971,262
97$1,950,239$396,353$167,288$995,298
98$2,089,145$355,756$112,874$1,021,539
99$2,240,329$311,280$54,747$1,050,289
100$2,404,984$262,674$0$1,081,887