Can I retire at age 80 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$72,670$72,022$71,391$70,774$70,172$69,181
2 years$35,975$35,305$34,656$34,026$33,415$32,418
3 years$23,745$23,072$22,425$21,801$21,200$20,229
4 years$17,631$16,961$16,319$15,706$15,120$14,182
5 years$13,964$13,297$12,664$12,064$11,494$10,591
6 years$11,520$10,858$10,235$9,648$9,095$8,229
7 years$9,775$9,119$8,505$7,932$7,397$6,568
8 years$8,467$7,816$7,213$6,654$6,136$5,344
9 years$7,450$6,806$6,213$5,668$5,168$4,412
10 years$6,637$5,999$5,416$4,886$4,403$3,684
11 years$5,972$5,340$4,768$4,252$3,787$3,103
12 years$5,418$4,793$4,232$3,729$3,281$2,632
13 years$4,950$4,332$3,781$3,293$2,862$2,246
14 years$4,549$3,937$3,397$2,923$2,508$1,925
15 years$4,202$3,597$3,067$2,607$2,209$1,657
16 years$3,899$3,300$2,781$2,334$1,952$1,431
17 years$3,631$3,039$2,530$2,097$1,731$1,239
18 years$3,394$2,808$2,310$1,890$1,539$1,076
19 years$3,182$2,603$2,115$1,708$1,372$936
20 years$2,991$2,419$1,941$1,547$1,225$816
21 years$2,818$2,253$1,785$1,404$1,096$712
22 years$2,662$2,103$1,645$1,276$983$622
23 years$2,519$1,967$1,519$1,162$882$544
24 years$2,389$1,843$1,405$1,060$793$477
25 years$2,269$1,729$1,301$968$714$418
26 years$2,158$1,625$1,207$885$643$366
27 years$2,056$1,530$1,121$810$579$322
28 years$1,961$1,441$1,042$742$523$282
29 years$1,873$1,360$969$681$472$248
30 years$1,791$1,284$903$625$427$218
31 years$1,715$1,214$842$574$386$192
32 years$1,643$1,149$785$527$349$169
33 years$1,576$1,088$733$485$316$149
34 years$1,513$1,031$685$446$286$131
35 years$1,454$978$641$411$259$115
36 years$1,398$928$599$378$235$101
37 years$1,345$882$561$349$213$89
38 years$1,295$838$525$321$193$79
39 years$1,248$797$492$296$175$69
40 years$1,203$758$461$273$159$61
41 years$1,161$721$433$252$144$54
42 years$1,120$687$406$233$131$47
43 years$1,082$655$381$215$118$42
44 years$1,046$624$357$198$108$37
45 years$1,011$595$336$183$98$32
46 years$978$568$315$169$89$29
47 years$946$542$296$156$80$25
48 years$916$517$278$144$73$22
49 years$887$494$262$133$66$20
50 years$859$472$246$123$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $880,000, adding $3,753 every year, while hoping to spend $27,860 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: 35/42/23 Blend
79$880,000$880,000$880,000$880,000
80$973,631$926,991$913,351$1,000,804
81$1,043,299$942,771$914,306$1,036,998
82$1,119,139$958,390$914,358$1,073,203
83$1,201,751$973,812$913,450$1,111,707
84$1,291,796$988,995$911,517$1,152,731
85$1,390,002$1,003,898$908,495$1,196,522
86$1,497,167$1,018,474$904,314$1,243,351
87$1,614,172$1,032,673$898,903$1,293,520
88$1,741,988$1,046,444$892,186$1,347,361
89$1,881,680$1,059,730$884,084$1,405,242
90$2,034,424$1,072,469$874,514$1,467,570
91$2,201,514$1,084,599$863,389$1,534,795
92$2,384,374$1,096,049$850,617$1,607,414
93$2,584,572$1,106,748$836,105$1,685,979
94$2,803,835$1,116,616$819,752$1,771,095
95$3,044,066$1,125,569$801,453$1,863,437
96$3,307,359$1,133,521$781,100$1,963,747
97$3,596,021$1,140,374$758,578$2,072,845
98$3,912,593$1,146,031$733,768$2,191,639
99$4,259,873$1,150,382$706,545$2,321,132
100$4,640,944$1,153,314$676,778$2,462,432