Can I retire at age 80 with 869,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$71,761$71,122$70,498$69,890$69,295$68,887
2 years$35,525$34,864$34,223$33,601$32,998$32,586
3 years$23,448$22,784$22,144$21,528$20,935$20,533
4 years$17,411$16,749$16,115$15,510$14,931$14,541
5 years$13,790$13,131$12,506$11,913$11,350$10,974
6 years$11,376$10,722$10,107$9,527$8,981$8,618
7 years$9,653$9,005$8,399$7,833$7,304$6,955
8 years$8,361$7,719$7,123$6,571$6,059$5,725
9 years$7,357$6,721$6,135$5,597$5,103$4,782
10 years$6,554$5,924$5,349$4,824$4,348$4,041
11 years$5,897$5,274$4,709$4,199$3,739$3,446
12 years$5,350$4,733$4,179$3,683$3,240$2,960
13 years$4,888$4,278$3,734$3,251$2,826$2,559
14 years$4,492$3,888$3,355$2,886$2,477$2,223
15 years$4,150$3,552$3,029$2,574$2,181$1,939
16 years$3,850$3,259$2,746$2,305$1,928$1,698
17 years$3,586$3,001$2,499$2,071$1,709$1,491
18 years$3,351$2,773$2,281$1,866$1,520$1,313
19 years$3,142$2,570$2,088$1,686$1,355$1,159
20 years$2,953$2,388$1,916$1,527$1,210$1,025
21 years$2,783$2,225$1,763$1,386$1,083$908
22 years$2,629$2,077$1,625$1,260$970$805
23 years$2,488$1,942$1,500$1,148$871$715
24 years$2,359$1,820$1,387$1,047$783$636
25 years$2,240$1,708$1,285$956$705$566
26 years$2,131$1,605$1,192$874$635$505
27 years$2,030$1,511$1,107$800$572$450
28 years$1,937$1,423$1,029$733$516$402
29 years$1,850$1,343$957$672$466$359
30 years$1,769$1,268$892$617$421$321
31 years$1,693$1,199$831$567$381$287
32 years$1,623$1,134$776$521$345$256
33 years$1,556$1,074$724$479$312$229
34 years$1,494$1,018$677$441$282$205
35 years$1,435$966$633$406$256$184
36 years$1,380$917$592$374$232$165
37 years$1,328$871$554$344$210$147
38 years$1,279$827$519$317$190$132
39 years$1,232$787$486$292$173$118
40 years$1,188$748$456$270$157$106
41 years$1,146$712$427$249$142$95
42 years$1,106$679$401$230$129$85
43 years$1,069$646$376$212$117$76
44 years$1,032$616$353$196$106$69
45 years$998$588$331$181$96$61
46 years$965$561$311$167$88$55
47 years$934$535$292$154$79$49
48 years$904$511$275$143$72$44
49 years$876$488$258$132$66$40
50 years$848$466$243$122$60$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $869,000, adding $4,273 every year, while hoping to spend $52,799 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: 64/26/10 Blend
79$869,000$869,000$869,000$869,000
80$962,046$915,989$902,519$1,021,255
81$1,003,997$904,694$876,576$1,050,010
82$1,048,457$891,077$847,994$1,074,843
83$1,095,627$874,967$816,629$1,100,624
84$1,145,725$856,185$782,330$1,127,444
85$1,198,992$834,540$744,941$1,155,402
86$1,255,688$809,832$704,295$1,184,612
87$1,316,100$781,846$660,222$1,215,200
88$1,380,544$750,358$612,540$1,247,308
89$1,449,362$715,128$561,063$1,281,094
90$1,522,931$675,903$505,593$1,316,735
91$1,601,665$632,418$445,925$1,354,428
92$1,686,017$584,388$381,846$1,394,394
93$1,776,484$531,516$313,131$1,436,878
94$1,873,610$473,486$239,546$1,482,157
95$1,977,996$409,964$160,848$1,530,535
96$2,090,297$340,598$76,782$1,582,354
97$2,211,235$265,015$0$1,637,993
98$2,341,602$182,821$0$1,699,256
99$2,482,268$93,603$0$1,774,065
100$2,634,190$0$0$1,854,775