Can I retire at age 80 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$71,101$70,467$69,849$69,246$68,657$68,311
2 years$35,198$34,543$33,907$33,291$32,694$32,344
3 years$23,232$22,574$21,940$21,330$20,742$20,400
4 years$17,251$16,594$15,967$15,367$14,794$14,462
5 years$13,663$13,010$12,391$11,803$11,246$10,925
6 years$11,271$10,624$10,014$9,439$8,898$8,589
7 years$9,564$8,922$8,322$7,761$7,237$6,940
8 years$8,284$7,648$7,057$6,510$6,004$5,718
9 years$7,289$6,659$6,078$5,545$5,056$4,782
10 years$6,493$5,869$5,299$4,780$4,308$4,046
11 years$5,843$5,225$4,665$4,160$3,705$3,454
12 years$5,301$4,690$4,140$3,649$3,211$2,971
13 years$4,843$4,238$3,699$3,221$2,800$2,571
14 years$4,451$3,852$3,324$2,860$2,454$2,237
15 years$4,111$3,519$3,001$2,550$2,161$1,954
16 years$3,815$3,229$2,721$2,284$1,910$1,713
17 years$3,553$2,974$2,476$2,052$1,693$1,507
18 years$3,321$2,748$2,260$1,849$1,506$1,328
19 years$3,113$2,547$2,069$1,671$1,342$1,174
20 years$2,926$2,366$1,899$1,513$1,199$1,040
21 years$2,758$2,204$1,747$1,373$1,073$922
22 years$2,605$2,058$1,610$1,249$962$820
23 years$2,465$1,924$1,486$1,137$863$729
24 years$2,337$1,803$1,375$1,037$776$649
25 years$2,220$1,692$1,273$947$698$579
26 years$2,112$1,590$1,181$866$629$517
27 years$2,012$1,497$1,096$793$567$462
28 years$1,919$1,410$1,019$726$512$413
29 years$1,833$1,330$949$666$462$369
30 years$1,753$1,256$884$611$417$330
31 years$1,678$1,188$824$561$377$296
32 years$1,608$1,124$769$516$341$265
33 years$1,542$1,064$718$474$309$237
34 years$1,480$1,009$670$437$280$213
35 years$1,422$957$627$402$253$191
36 years$1,367$908$586$370$230$171
37 years$1,316$862$549$341$208$154
38 years$1,267$820$514$314$189$138
39 years$1,221$779$482$290$171$124
40 years$1,177$742$451$267$155$111
41 years$1,136$706$423$247$141$100
42 years$1,096$672$397$228$128$90
43 years$1,059$641$373$210$116$80
44 years$1,023$611$350$194$105$72
45 years$989$582$328$179$96$65
46 years$957$555$308$165$87$58
47 years$926$530$290$153$79$52
48 years$896$506$272$141$72$47
49 years$868$483$256$131$65$42
50 years$841$462$241$121$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $861,000, adding $4,042 every year, while hoping to spend $42,188 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: 32/41/27 Blend
79$861,000$861,000$861,000$861,000
80$952,991$907,358$894,013$975,521
81$1,005,309$906,931$879,075$992,648
82$1,061,549$905,069$862,222$1,007,065
83$1,122,066$901,657$843,346$1,021,761
84$1,187,252$896,574$822,334$1,036,792
85$1,257,536$889,690$799,065$1,052,218
86$1,333,387$880,867$773,417$1,068,114
87$1,415,324$869,961$745,258$1,084,562
88$1,503,916$856,818$714,453$1,101,660
89$1,599,787$841,274$680,859$1,119,516
90$1,703,625$823,156$644,327$1,138,259
91$1,816,185$802,281$604,702$1,158,033
92$1,938,298$778,455$561,822$1,179,001
93$2,070,878$751,473$515,517$1,201,351
94$2,214,930$721,117$465,608$1,225,294
95$2,371,559$687,157$411,912$1,251,069
96$2,541,981$649,351$354,234$1,278,946
97$2,727,534$607,441$292,373$1,309,232
98$2,929,692$561,155$226,116$1,342,268
99$3,150,074$510,205$155,245$1,378,442
100$3,390,464$454,287$79,528$1,418,188