Can I retire at age 80 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$65,898$65,311$64,738$64,179$63,634$62,969
2 years$32,623$32,015$31,426$30,856$30,302$29,633
3 years$21,533$20,922$20,335$19,769$19,225$18,572
4 years$15,988$15,380$14,799$14,243$13,711$13,079
5 years$12,663$12,058$11,484$10,940$10,423$9,814
6 years$10,447$9,846$9,281$8,749$8,247$7,662
7 years$8,864$8,269$7,713$7,193$6,707$6,146
8 years$7,678$7,088$6,541$6,034$5,564$5,027
9 years$6,756$6,171$5,634$5,139$4,686$4,172
10 years$6,018$5,440$4,912$4,430$3,993$3,502
11 years$5,415$4,843$4,324$3,856$3,434$2,967
12 years$4,913$4,347$3,838$3,382$2,976$2,531
13 years$4,489$3,928$3,429$2,986$2,595$2,172
14 years$4,125$3,570$3,081$2,650$2,275$1,873
15 years$3,811$3,262$2,781$2,364$2,003$1,622
16 years$3,535$2,993$2,522$2,116$1,770$1,410
17 years$3,293$2,756$2,295$1,902$1,569$1,229
18 years$3,078$2,547$2,095$1,714$1,395$1,074
19 years$2,885$2,360$1,918$1,548$1,244$940
20 years$2,712$2,193$1,760$1,402$1,111$825
21 years$2,556$2,043$1,619$1,273$994$725
22 years$2,414$1,907$1,492$1,157$891$638
23 years$2,285$1,784$1,378$1,054$800$562
24 years$2,166$1,671$1,274$961$719$495
25 years$2,057$1,568$1,180$878$647$437
26 years$1,957$1,474$1,094$803$583$386
27 years$1,864$1,387$1,016$735$525$341
28 years$1,779$1,307$945$673$474$302
29 years$1,699$1,233$879$617$428$267
30 years$1,624$1,165$819$567$387$237
31 years$1,555$1,101$763$520$350$210
32 years$1,490$1,042$712$478$316$186
33 years$1,429$986$665$440$286$165
34 years$1,372$935$621$405$259$146
35 years$1,318$887$581$372$235$130
36 years$1,267$842$543$343$213$115
37 years$1,220$799$509$316$193$102
38 years$1,174$760$476$291$175$91
39 years$1,132$722$446$269$159$80
40 years$1,091$687$418$248$144$71
41 years$1,053$654$392$229$130$63
42 years$1,016$623$368$211$118$56
43 years$981$594$345$195$107$50
44 years$948$566$324$180$98$44
45 years$917$540$304$166$89$39
46 years$887$515$286$153$80$35
47 years$858$491$269$142$73$31
48 years$830$469$252$131$66$28
49 years$804$448$237$121$60$25
50 years$779$428$223$112$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $798,000, adding $5,771 every year, while hoping to spend $28,336 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: 72/12/16 Blend
79$798,000$798,000$798,000$798,000
80$885,349$843,055$830,686$945,453
81$945,505$854,215$828,364$997,262
82$1,010,848$864,973$825,016$1,049,988
83$1,081,875$875,278$820,575$1,106,990
84$1,159,138$885,077$814,975$1,168,686
85$1,243,238$894,315$808,146$1,235,537
86$1,334,842$902,930$800,012$1,308,049
87$1,434,680$910,858$790,497$1,386,783
88$1,543,558$918,030$779,519$1,472,356
89$1,662,362$924,374$766,993$1,565,447
90$1,792,066$929,812$752,831$1,666,805
91$1,933,745$934,261$736,939$1,777,257
92$2,088,580$937,632$719,219$1,897,713
93$2,257,872$939,833$699,570$2,029,177
94$2,443,054$940,764$677,885$2,172,756
95$2,645,704$940,320$654,052$2,329,670
96$2,867,557$938,387$627,954$2,501,263
97$3,110,528$934,848$599,471$2,689,017
98$3,376,721$929,575$568,472$2,894,568
99$3,668,457$922,435$534,827$3,119,717
100$3,988,291$913,285$498,394$3,366,450