Can I retire at age 80 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$66,146$65,557$64,982$64,421$63,873$63,338
2 years$32,745$32,136$31,545$30,972$30,416$29,876
3 years$21,613$21,001$20,411$19,844$19,297$18,770
4 years$16,049$15,438$14,854$14,296$13,763$13,252
5 years$12,710$12,104$11,528$10,981$10,462$9,970
6 years$10,486$9,883$9,316$8,782$8,278$7,805
7 years$8,897$8,300$7,742$7,220$6,733$6,278
8 years$7,707$7,115$6,565$6,056$5,585$5,150
9 years$6,781$6,195$5,655$5,159$4,704$4,287
10 years$6,041$5,460$4,930$4,447$4,008$3,609
11 years$5,436$4,861$4,340$3,870$3,447$3,067
12 years$4,932$4,363$3,852$3,395$2,987$2,625
13 years$4,506$3,943$3,441$2,997$2,605$2,260
14 years$4,141$3,584$3,092$2,660$2,283$1,955
15 years$3,825$3,274$2,792$2,373$2,010$1,699
16 years$3,549$3,004$2,531$2,124$1,777$1,481
17 years$3,305$2,766$2,303$1,909$1,575$1,296
18 years$3,089$2,556$2,103$1,720$1,401$1,136
19 years$2,896$2,369$1,925$1,554$1,249$998
20 years$2,722$2,202$1,767$1,408$1,115$879
21 years$2,565$2,051$1,625$1,278$998$775
22 years$2,423$1,914$1,498$1,162$895$685
23 years$2,293$1,790$1,383$1,058$803$606
24 years$2,174$1,677$1,279$965$722$536
25 years$2,065$1,574$1,184$881$649$475
26 years$1,964$1,479$1,098$806$585$421
27 years$1,871$1,392$1,020$737$527$374
28 years$1,785$1,312$948$676$476$332
29 years$1,705$1,238$882$620$430$295
30 years$1,630$1,169$822$569$388$262
31 years$1,561$1,105$766$522$351$233
32 years$1,496$1,046$715$480$318$208
33 years$1,434$990$668$441$287$185
34 years$1,377$938$624$406$260$165
35 years$1,323$890$583$374$236$147
36 years$1,272$845$546$344$214$131
37 years$1,224$802$511$317$194$117
38 years$1,179$763$478$292$175$104
39 years$1,136$725$448$270$159$93
40 years$1,095$690$420$249$144$83
41 years$1,056$657$394$229$131$74
42 years$1,020$625$369$212$119$66
43 years$985$596$347$195$108$59
44 years$952$568$325$180$98$52
45 years$920$542$305$167$89$47
46 years$890$517$287$154$81$42
47 years$861$493$270$142$73$37
48 years$834$471$253$131$67$33
49 years$807$450$238$121$60$30
50 years$782$429$224$112$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $801,000, adding $3,801 every year, while hoping to spend $36,957 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: 35/47/18 Blend
79$801,000$801,000$801,000$801,000
80$886,623$844,170$831,754$912,649
81$937,736$846,212$820,296$934,039
82$992,825$847,116$807,215$953,379
83$1,052,255$846,786$792,419$973,469
84$1,116,428$845,123$775,809$994,396
85$1,185,789$842,018$757,283$1,016,259
86$1,260,821$837,359$736,734$1,039,170
87$1,342,061$831,025$714,050$1,063,255
88$1,430,095$822,890$689,115$1,088,657
89$1,525,569$812,816$661,805$1,115,534
90$1,629,195$800,661$631,993$1,144,066
91$1,741,752$786,274$599,544$1,174,456
92$1,864,102$769,492$564,320$1,206,929
93$1,997,189$750,146$526,173$1,241,739
94$2,142,054$728,054$484,952$1,279,169
95$2,299,841$703,027$440,495$1,319,538
96$2,471,811$674,861$392,638$1,363,201
97$2,659,349$643,342$341,204$1,410,555
98$2,863,981$608,245$286,013$1,462,042
99$3,087,387$569,329$226,875$1,518,158
100$3,331,416$526,342$163,591$1,579,453