Can I retire at age 80 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$59,952$59,418$58,897$58,389$57,892$57,121
2 years$29,679$29,127$28,591$28,072$27,568$26,792
3 years$19,590$19,035$18,500$17,986$17,490$16,734
4 years$14,546$13,992$13,463$12,958$12,474$11,744
5 years$11,520$10,970$10,448$9,953$9,483$8,780
6 years$9,504$8,958$8,444$7,959$7,503$6,829
7 years$8,064$7,523$7,017$6,544$6,102$5,456
8 years$6,985$6,449$5,951$5,489$5,062$4,445
9 years$6,146$5,615$5,125$4,676$4,263$3,674
10 years$5,475$4,949$4,468$4,031$3,632$3,071
11 years$4,927$4,406$3,934$3,508$3,124$2,590
12 years$4,470$3,954$3,491$3,077$2,707$2,200
13 years$4,084$3,574$3,119$2,716$2,361$1,879
14 years$3,753$3,248$2,803$2,411$2,069$1,613
15 years$3,467$2,967$2,530$2,150$1,822$1,391
16 years$3,216$2,723$2,294$1,925$1,610$1,203
17 years$2,996$2,507$2,088$1,730$1,428$1,043
18 years$2,800$2,317$1,906$1,559$1,270$907
19 years$2,625$2,147$1,745$1,409$1,132$790
20 years$2,467$1,995$1,601$1,276$1,011$689
21 years$2,325$1,859$1,473$1,158$905$603
22 years$2,196$1,735$1,357$1,053$811$527
23 years$2,078$1,623$1,253$959$728$462
24 years$1,971$1,520$1,159$875$654$405
25 years$1,872$1,427$1,074$799$589$356
26 years$1,781$1,341$996$730$530$313
27 years$1,696$1,262$925$668$478$275
28 years$1,618$1,189$859$612$431$242
29 years$1,545$1,122$800$562$390$213
30 years$1,478$1,059$745$515$352$187
31 years$1,415$1,002$695$473$318$165
32 years$1,356$948$648$435$288$145
33 years$1,300$897$605$400$260$128
34 years$1,248$851$565$368$236$113
35 years$1,199$807$529$339$214$100
36 years$1,153$766$494$312$194$88
37 years$1,110$727$463$288$175$78
38 years$1,068$691$433$265$159$68
39 years$1,029$657$406$244$144$60
40 years$993$625$381$225$131$53
41 years$958$595$357$208$119$47
42 years$924$567$335$192$108$42
43 years$893$540$314$177$98$37
44 years$863$515$295$164$89$32
45 years$834$491$277$151$81$29
46 years$807$468$260$140$73$25
47 years$780$447$244$129$66$22
48 years$756$427$230$119$60$20
49 years$732$407$216$110$55$17
50 years$709$389$203$102$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $726,000, adding $3,212 every year, while hoping to spend $37,194 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: 59/31/10 Blend
79$726,000$726,000$726,000$726,000
80$803,365$764,887$753,634$848,693
81$845,734$762,793$739,307$877,455
82$891,178$759,349$723,253$904,321
83$939,972$754,450$705,375$932,706
84$992,416$747,985$685,572$962,760
85$1,048,842$739,836$663,738$994,647
86$1,109,611$729,875$639,761$1,028,552
87$1,175,124$717,971$613,525$1,064,679
88$1,245,817$703,982$584,909$1,103,254
89$1,322,172$687,759$553,785$1,144,528
90$1,404,717$669,143$520,020$1,188,780
91$1,494,035$647,967$483,477$1,236,319
92$1,590,762$624,054$444,010$1,287,488
93$1,695,603$597,215$401,467$1,342,667
94$1,809,328$567,253$355,690$1,402,277
95$1,932,788$533,957$306,514$1,466,785
96$2,066,917$497,105$253,767$1,536,709
97$2,212,742$456,462$197,267$1,612,622
98$2,371,393$411,780$136,827$1,695,158
99$2,544,115$362,797$72,250$1,785,022
100$2,732,275$309,235$3,332$1,882,991