Can I retire at age 80 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$71,431$70,795$70,174$69,568$68,976$68,686
2 years$35,362$34,703$34,065$33,446$32,846$32,552
3 years$23,340$22,679$22,042$21,429$20,839$20,552
4 years$17,331$16,671$16,041$15,439$14,862$14,584
5 years$13,726$13,071$12,449$11,858$11,298$11,029
6 years$11,324$10,673$10,060$9,483$8,940$8,680
7 years$9,608$8,963$8,360$7,797$7,270$7,021
8 years$8,322$7,683$7,090$6,540$6,032$5,792
9 years$7,323$6,690$6,107$5,571$5,079$4,849
10 years$6,524$5,897$5,324$4,802$4,328$4,108
11 years$5,870$5,249$4,687$4,179$3,722$3,511
12 years$5,326$4,712$4,160$3,666$3,226$3,024
13 years$4,866$4,258$3,716$3,236$2,813$2,620
14 years$4,472$3,870$3,339$2,873$2,466$2,282
15 years$4,131$3,536$3,015$2,562$2,171$1,996
16 years$3,832$3,244$2,733$2,294$1,919$1,753
17 years$3,569$2,987$2,487$2,061$1,701$1,543
18 years$3,336$2,761$2,271$1,858$1,513$1,363
19 years$3,127$2,558$2,079$1,679$1,348$1,206
20 years$2,940$2,377$1,908$1,520$1,204$1,070
21 years$2,770$2,214$1,755$1,380$1,078$950
22 years$2,617$2,067$1,617$1,254$966$846
23 years$2,476$1,933$1,493$1,142$867$754
24 years$2,348$1,811$1,381$1,042$779$672
25 years$2,230$1,700$1,279$952$701$600
26 years$2,121$1,598$1,186$870$632$537
27 years$2,021$1,504$1,102$796$570$480
28 years$1,928$1,417$1,024$730$514$430
29 years$1,841$1,337$953$669$464$385
30 years$1,761$1,262$888$614$419$345
31 years$1,686$1,193$828$564$379$310
32 years$1,615$1,129$772$518$343$278
33 years$1,549$1,069$721$477$310$249
34 years$1,487$1,013$674$439$281$224
35 years$1,429$961$630$404$255$201
36 years$1,374$912$589$372$231$181
37 years$1,322$866$551$343$209$162
38 years$1,273$823$516$316$189$146
39 years$1,227$783$484$291$172$131
40 years$1,183$745$453$269$156$118
41 years$1,141$709$425$248$141$106
42 years$1,101$675$399$229$128$96
43 years$1,064$644$374$211$116$86
44 years$1,028$613$351$195$106$77
45 years$994$585$330$180$96$70
46 years$961$558$310$166$87$63
47 years$930$533$291$154$79$56
48 years$900$508$274$142$72$51
49 years$872$485$257$131$65$46
50 years$845$464$242$121$59$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $865,000, adding $6,436 every year, while hoping to spend $38,481 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: 41/47/12 Blend
79$865,000$865,000$865,000$865,000
80$959,869$914,024$900,616$995,566
81$1,016,832$917,867$889,843$1,025,139
82$1,078,316$920,610$877,420$1,052,819
83$1,144,740$922,156$863,250$1,081,928
84$1,216,568$922,406$847,233$1,112,612
85$1,294,306$921,252$829,264$1,145,036
86$1,378,514$918,583$809,233$1,179,383
87$1,469,805$914,276$787,025$1,215,856
88$1,568,855$908,204$762,519$1,254,683
89$1,676,405$900,233$735,590$1,296,117
90$1,793,272$890,218$706,106$1,340,439
91$1,920,354$878,008$673,930$1,387,964
92$2,058,640$863,440$638,917$1,439,041
93$2,209,218$846,345$600,916$1,494,059
94$2,373,283$826,540$559,772$1,553,449
95$2,552,152$803,835$515,319$1,617,691
96$2,747,275$778,027$467,386$1,687,320
97$2,960,247$748,900$415,793$1,762,927
98$3,192,824$716,228$360,354$1,845,172
99$3,446,938$679,770$300,872$1,934,785
100$3,724,719$639,271$237,144$2,032,576