Can I retire at age 80 with 856,000?

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 $856,000?

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$70,688$70,058$69,444$68,844$68,259$67,715
2 years$34,994$34,342$33,711$33,098$32,504$31,956
3 years$23,098$22,443$21,813$21,206$20,622$20,087
4 years$17,151$16,498$15,874$15,278$14,708$14,189
5 years$13,583$12,935$12,319$11,735$11,181$10,680
6 years$11,206$10,562$9,956$9,385$8,847$8,365
7 years$9,508$8,870$8,273$7,716$7,195$6,732
8 years$8,236$7,603$7,016$6,472$5,969$5,526
9 years$7,247$6,620$6,043$5,513$5,027$4,602
10 years$6,456$5,835$5,269$4,752$4,283$3,877
11 years$5,809$5,195$4,638$4,136$3,683$3,296
12 years$5,270$4,663$4,116$3,628$3,192$2,823
13 years$4,815$4,214$3,678$3,203$2,783$2,432
14 years$4,425$3,830$3,304$2,843$2,440$2,106
15 years$4,088$3,499$2,983$2,535$2,148$1,831
16 years$3,792$3,210$2,705$2,270$1,899$1,598
17 years$3,532$2,956$2,461$2,040$1,684$1,398
18 years$3,301$2,732$2,247$1,838$1,497$1,227
19 years$3,095$2,532$2,057$1,661$1,334$1,079
20 years$2,909$2,353$1,888$1,504$1,192$951
21 years$2,742$2,191$1,736$1,365$1,066$839
22 years$2,589$2,046$1,600$1,241$956$742
23 years$2,451$1,913$1,478$1,131$858$656
24 years$2,324$1,793$1,367$1,031$771$582
25 years$2,207$1,682$1,266$942$694$516
26 years$2,099$1,581$1,174$861$625$458
27 years$2,000$1,488$1,090$788$564$407
28 years$1,908$1,402$1,013$722$509$361
29 years$1,822$1,323$943$662$459$321
30 years$1,742$1,249$878$608$415$286
31 years$1,668$1,181$819$558$375$255
32 years$1,598$1,117$764$513$339$227
33 years$1,533$1,058$713$472$307$202
34 years$1,472$1,003$667$434$278$180
35 years$1,414$951$623$400$252$161
36 years$1,360$903$583$368$228$143
37 years$1,308$857$546$339$207$128
38 years$1,260$815$511$312$188$114
39 years$1,214$775$479$288$170$102
40 years$1,170$737$449$266$154$91
41 years$1,129$702$421$245$140$81
42 years$1,090$668$395$226$127$72
43 years$1,053$637$370$209$115$65
44 years$1,017$607$348$193$105$58
45 years$983$579$326$178$95$51
46 years$951$552$307$165$86$46
47 years$920$527$288$152$78$41
48 years$891$503$271$140$71$37
49 years$863$480$254$130$65$33
50 years$836$459$239$120$59$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $856,000, adding $2,335 every year, while hoping to spend $51,500 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: 63/15/22 Blend
79$856,000$856,000$856,000$856,000
80$945,721$900,353$887,085$999,753
81$987,388$889,674$862,006$1,025,817
82$1,031,580$876,747$834,362$1,048,314
83$1,078,500$861,405$804,011$1,071,714
84$1,128,368$843,475$770,807$1,096,110
85$1,181,428$822,773$734,596$1,121,606
86$1,237,947$799,101$695,218$1,148,321
87$1,298,215$772,255$652,505$1,176,386
88$1,362,551$742,014$606,282$1,205,948
89$1,431,305$708,146$556,366$1,237,172
90$1,504,860$670,407$502,566$1,270,242
91$1,583,636$628,537$444,682$1,305,364
92$1,668,093$582,261$382,505$1,342,766
93$1,758,736$531,290$315,817$1,382,705
94$1,856,121$475,317$244,391$1,425,466
95$1,960,856$414,019$167,989$1,471,367
96$2,073,610$347,052$86,363$1,520,761
97$2,195,116$274,055$0$1,574,042
98$2,326,181$194,646$0$1,631,826
99$2,467,689$108,422$0$1,716,068
100$2,620,615$14,957$0$1,807,084