Can I retire at age 80 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$53,759$53,280$52,813$52,357$51,912$51,284
2 years$26,613$26,118$25,637$25,172$24,720$24,088
3 years$17,566$17,068$16,589$16,128$15,683$15,067
4 years$13,043$12,547$12,073$11,619$11,185$10,590
5 years$10,330$9,837$9,369$8,925$8,503$7,930
6 years$8,522$8,033$7,571$7,137$6,728$6,178
7 years$7,231$6,746$6,292$5,868$5,472$4,944
8 years$6,263$5,782$5,336$4,922$4,539$4,035
9 years$5,511$5,035$4,596$4,193$3,823$3,341
10 years$4,910$4,438$4,007$3,614$3,257$2,798
11 years$4,418$3,951$3,528$3,145$2,801$2,364
12 years$4,008$3,546$3,131$2,759$2,428$2,012
13 years$3,662$3,204$2,797$2,436$2,117$1,722
14 years$3,365$2,913$2,513$2,162$1,856$1,481
15 years$3,109$2,661$2,269$1,928$1,634$1,279
16 years$2,884$2,441$2,057$1,727$1,444$1,109
17 years$2,686$2,248$1,872$1,551$1,280$963
18 years$2,511$2,078$1,709$1,398$1,138$839
19 years$2,354$1,925$1,564$1,263$1,015$733
20 years$2,213$1,789$1,436$1,144$906$641
21 years$2,085$1,667$1,321$1,038$811$562
22 years$1,969$1,556$1,217$944$727$493
23 years$1,864$1,455$1,124$860$653$433
24 years$1,767$1,363$1,039$784$587$380
25 years$1,678$1,279$963$716$528$335
26 years$1,597$1,202$893$655$475$295
27 years$1,521$1,132$829$599$429$260
28 years$1,451$1,066$771$549$387$229
29 years$1,386$1,006$717$504$349$202
30 years$1,325$950$668$462$316$178
31 years$1,269$898$623$424$285$157
32 years$1,216$850$581$390$258$139
33 years$1,166$805$543$359$234$123
34 years$1,119$763$507$330$211$109
35 years$1,075$723$474$304$192$96
36 years$1,034$687$443$280$174$85
37 years$995$652$415$258$157$75
38 years$958$620$389$238$143$66
39 years$923$589$364$219$129$59
40 years$890$561$341$202$117$52
41 years$859$534$320$186$106$46
42 years$829$508$300$172$97$41
43 years$800$484$282$159$88$36
44 years$773$462$264$147$80$32
45 years$748$440$248$135$72$28
46 years$723$420$233$125$66$25
47 years$700$401$219$116$60$22
48 years$677$383$206$107$54$20
49 years$656$365$193$99$49$17
50 years$636$349$182$91$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $651,000, adding $5,800 every year, while hoping to spend $47,499 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: 59/15/26 Blend
79$651,000$651,000$651,000$651,000
80$723,385$688,882$678,791$760,668
81$746,631$672,098$650,992$769,981
82$770,657$652,901$620,670$774,554
83$795,492$631,120$587,690$778,537
84$821,165$606,579$551,911$781,883
85$847,710$579,087$513,186$784,544
86$875,161$548,447$471,362$786,469
87$903,553$514,446$426,278$787,606
88$932,922$476,861$377,765$787,898
89$963,310$435,457$325,650$787,288
90$994,757$389,983$269,749$785,713
91$1,027,307$340,177$209,870$783,110
92$1,061,006$285,760$145,815$779,411
93$1,095,904$226,437$77,374$774,546
94$1,132,051$161,897$4,331$768,442
95$1,169,502$91,813$0$761,021
96$1,208,317$15,836$0$772,626
97$1,248,555$0$0$785,361
98$1,290,283$0$0$808,963
99$1,333,569$0$0$836,163
100$1,378,489$0$0$864,396