Can I retire at age 80 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$73,413$72,759$72,121$71,498$70,890$69,917
2 years$36,343$35,666$35,010$34,374$33,757$32,779
3 years$23,988$23,308$22,654$22,024$21,417$20,463
4 years$17,812$17,134$16,486$15,867$15,275$14,353
5 years$14,107$13,433$12,794$12,187$11,612$10,725
6 years$11,638$10,969$10,339$9,746$9,188$8,337
7 years$9,875$9,212$8,592$8,013$7,472$6,658
8 years$8,553$7,896$7,287$6,722$6,199$5,421
9 years$7,526$6,875$6,276$5,726$5,220$4,478
10 years$6,705$6,060$5,472$4,935$4,448$3,741
11 years$6,033$5,395$4,817$4,295$3,825$3,153
12 years$5,474$4,842$4,275$3,768$3,315$2,676
13 years$5,001$4,376$3,820$3,326$2,891$2,285
14 years$4,596$3,978$3,432$2,953$2,534$1,960
15 years$4,245$3,634$3,099$2,633$2,231$1,688
16 years$3,939$3,334$2,809$2,358$1,972$1,459
17 years$3,668$3,070$2,556$2,118$1,748$1,264
18 years$3,429$2,837$2,334$1,909$1,555$1,098
19 years$3,214$2,629$2,136$1,725$1,386$956
20 years$3,021$2,443$1,961$1,562$1,238$834
21 years$2,847$2,276$1,803$1,418$1,108$728
22 years$2,689$2,124$1,662$1,289$993$637
23 years$2,545$1,987$1,535$1,174$891$558
24 years$2,413$1,862$1,419$1,071$801$489
25 years$2,292$1,747$1,315$978$721$429
26 years$2,180$1,642$1,219$894$649$376
27 years$2,077$1,545$1,132$819$585$331
28 years$1,981$1,456$1,052$750$528$291
29 years$1,892$1,374$979$688$477$256
30 years$1,810$1,297$912$631$431$225
31 years$1,732$1,226$850$580$390$198
32 years$1,660$1,160$793$533$352$174
33 years$1,592$1,099$741$490$319$153
34 years$1,528$1,042$692$451$289$135
35 years$1,468$988$647$415$262$119
36 years$1,412$938$605$382$237$105
37 years$1,359$891$567$352$215$93
38 years$1,308$846$531$325$195$82
39 years$1,261$805$497$299$177$72
40 years$1,215$766$466$276$160$63
41 years$1,173$729$437$255$145$56
42 years$1,132$694$410$235$132$49
43 years$1,093$661$385$217$120$44
44 years$1,056$630$361$200$109$38
45 years$1,021$601$339$185$99$34
46 years$988$573$318$171$90$30
47 years$956$547$299$158$81$26
48 years$925$522$281$146$74$23
49 years$896$499$264$135$67$21
50 years$868$477$248$125$61$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $889,000, adding $2,285 every year, while hoping to spend $32,349 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: 59/27/14 Blend
79$889,000$889,000$889,000$889,000
80$982,035$934,918$921,138$1,036,392
81$1,047,783$946,310$917,578$1,084,724
82$1,119,154$957,176$912,813$1,133,600
83$1,196,686$967,456$906,771$1,186,135
84$1,280,973$977,086$899,372$1,242,683
85$1,372,667$985,998$890,536$1,303,640
86$1,472,487$994,119$880,177$1,369,437
87$1,581,222$1,001,373$868,204$1,440,556
88$1,699,742$1,007,675$854,524$1,517,523
89$1,829,004$1,012,940$839,039$1,600,922
90$1,970,061$1,017,073$821,646$1,691,397
91$2,124,073$1,019,975$802,236$1,789,658
92$2,292,315$1,021,541$780,698$1,896,489
93$2,476,193$1,021,658$756,914$2,012,754
94$2,677,254$1,020,208$730,760$2,139,407
95$2,897,201$1,017,065$702,107$2,277,503
96$3,137,908$1,012,094$670,820$2,428,202
97$3,401,441$1,005,153$636,759$2,592,786
98$3,690,073$996,091$599,776$2,772,671
99$4,006,309$984,748$559,717$2,969,416
100$4,352,907$970,955$516,421$3,184,743