Can I retire at age 80 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$61,852$61,301$60,763$60,239$59,726$59,251
2 years$30,620$30,049$29,497$28,961$28,441$27,962
3 years$20,210$19,638$19,086$18,556$18,044$17,576
4 years$15,007$14,436$13,890$13,368$12,869$12,415
5 years$11,885$11,318$10,779$10,268$9,783$9,345
6 years$9,805$9,242$8,711$8,211$7,741$7,320
7 years$8,320$7,761$7,239$6,751$6,295$5,891
8 years$7,206$6,653$6,139$5,663$5,223$4,835
9 years$6,341$5,792$5,288$4,824$4,398$4,027
10 years$5,649$5,106$4,610$4,158$3,748$3,393
11 years$5,083$4,545$4,059$3,619$3,223$2,884
12 years$4,612$4,080$3,602$3,174$2,793$2,470
13 years$4,213$3,687$3,218$2,802$2,436$2,128
14 years$3,872$3,351$2,891$2,488$2,135$1,843
15 years$3,577$3,061$2,611$2,219$1,880$1,602
16 years$3,318$2,809$2,367$1,986$1,661$1,398
17 years$3,091$2,587$2,154$1,785$1,473$1,224
18 years$2,889$2,390$1,966$1,608$1,310$1,074
19 years$2,708$2,215$1,800$1,453$1,167$944
20 years$2,546$2,059$1,652$1,316$1,043$832
21 years$2,399$1,917$1,519$1,195$933$734
22 years$2,266$1,790$1,400$1,086$836$649
23 years$2,144$1,674$1,293$989$751$574
24 years$2,033$1,568$1,196$902$675$509
25 years$1,931$1,472$1,108$824$607$451
26 years$1,837$1,383$1,027$753$547$401
27 years$1,750$1,302$954$690$493$356
28 years$1,669$1,227$887$632$445$316
29 years$1,594$1,157$825$579$402$281
30 years$1,525$1,093$769$532$363$250
31 years$1,459$1,033$717$488$328$223
32 years$1,399$978$669$449$297$198
33 years$1,341$926$624$413$269$177
34 years$1,288$878$583$380$243$158
35 years$1,237$832$545$350$220$141
36 years$1,190$790$510$322$200$125
37 years$1,145$750$477$297$181$112
38 years$1,102$713$447$273$164$100
39 years$1,062$678$419$252$149$89
40 years$1,024$645$393$233$135$79
41 years$988$614$368$215$122$71
42 years$954$585$345$198$111$63
43 years$921$557$324$183$101$56
44 years$890$531$304$169$92$50
45 years$860$506$286$156$83$45
46 years$832$483$268$144$75$40
47 years$805$461$252$133$68$36
48 years$779$440$237$123$62$32
49 years$755$420$223$114$56$29
50 years$731$402$209$105$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $749,000, adding $2,576 every year, while hoping to spend $39,844 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: 63/22/15 Blend
79$749,000$749,000$749,000$749,000
80$828,055$788,358$776,749$877,026
81$870,123$784,594$760,376$906,432
82$915,147$779,310$742,120$933,747
83$963,385$772,390$721,874$962,612
84$1,015,123$763,709$699,529$993,178
85$1,070,672$753,138$674,970$1,025,614
86$1,130,376$740,537$648,077$1,060,108
87$1,194,610$725,759$618,723$1,096,867
88$1,263,787$708,648$586,778$1,136,121
89$1,338,362$689,040$552,103$1,178,128
90$1,418,831$666,760$514,555$1,223,169
91$1,505,743$641,622$473,984$1,271,559
92$1,599,699$613,432$430,233$1,323,646
93$1,701,361$581,982$383,137$1,379,817
94$1,811,454$547,054$332,527$1,440,499
95$1,930,778$508,415$278,222$1,506,165
96$2,060,212$465,822$220,037$1,577,341
97$2,200,721$419,015$157,777$1,654,608
98$2,353,370$367,721$91,237$1,738,608
99$2,519,325$311,652$20,205$1,830,054
100$2,699,875$250,501$0$1,929,734