Can I retire at age 80 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$76,138$75,460$74,798$74,152$73,522$72,997
2 years$37,692$36,990$36,310$35,650$35,010$34,481
3 years$24,878$24,173$23,495$22,841$22,212$21,695
4 years$18,473$17,770$17,098$16,456$15,842$15,341
5 years$14,631$13,932$13,269$12,640$12,043$11,559
6 years$12,070$11,376$10,723$10,108$9,529$9,064
7 years$10,241$9,554$8,911$8,310$7,750$7,302
8 years$8,871$8,189$7,557$6,971$6,429$6,000
9 years$7,805$7,130$6,509$5,938$5,414$5,003
10 years$6,953$6,285$5,675$5,119$4,613$4,220
11 years$6,257$5,595$4,996$4,455$3,967$3,592
12 years$5,677$5,022$4,434$3,907$3,438$3,080
13 years$5,186$4,538$3,961$3,450$2,998$2,657
14 years$4,766$4,125$3,559$3,062$2,628$2,304
15 years$4,403$3,769$3,214$2,731$2,314$2,006
16 years$4,085$3,458$2,914$2,445$2,045$1,753
17 years$3,805$3,184$2,651$2,197$1,813$1,536
18 years$3,556$2,942$2,420$1,980$1,612$1,350
19 years$3,333$2,727$2,216$1,789$1,437$1,189
20 years$3,134$2,534$2,033$1,620$1,284$1,049
21 years$2,953$2,360$1,870$1,471$1,149$927
22 years$2,789$2,203$1,724$1,337$1,030$821
23 years$2,640$2,061$1,592$1,218$924$727
24 years$2,503$1,931$1,472$1,111$831$645
25 years$2,377$1,812$1,363$1,014$748$573
26 years$2,261$1,703$1,264$927$673$510
27 years$2,154$1,603$1,174$849$607$453
28 years$2,055$1,510$1,091$778$548$404
29 years$1,963$1,425$1,016$713$495$360
30 years$1,877$1,345$946$655$447$321
31 years$1,797$1,272$882$601$404$286
32 years$1,722$1,203$823$552$366$255
33 years$1,651$1,140$768$508$331$228
34 years$1,585$1,080$718$467$300$203
35 years$1,523$1,025$671$430$271$181
36 years$1,464$972$628$396$246$162
37 years$1,409$924$588$365$223$145
38 years$1,357$878$550$337$202$129
39 years$1,307$835$516$310$183$116
40 years$1,261$794$483$286$166$103
41 years$1,216$756$453$264$151$92
42 years$1,174$720$425$244$137$83
43 years$1,134$686$399$225$124$74
44 years$1,095$654$374$208$113$66
45 years$1,059$623$352$192$102$59
46 years$1,024$595$330$177$93$53
47 years$991$568$310$164$84$47
48 years$959$542$292$151$77$42
49 years$929$517$274$140$70$38
50 years$900$494$258$129$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $922,000, adding $2,153 every year, while hoping to spend $40,008 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: 46/30/24 Blend
79$922,000$922,000$922,000$922,000
80$1,018,265$969,399$955,108$1,057,999
81$1,079,560$974,331$944,536$1,091,120
82$1,145,766$978,164$932,269$1,122,938
83$1,217,341$980,802$918,207$1,156,660
84$1,294,791$982,142$902,248$1,192,484
85$1,378,669$982,077$884,283$1,230,629
86$1,469,585$980,490$864,198$1,271,341
87$1,568,208$977,260$841,874$1,314,890
88$1,675,276$972,256$817,187$1,361,579
89$1,791,599$965,341$790,008$1,411,744
90$1,918,068$956,368$760,199$1,465,756
91$2,055,664$945,184$727,619$1,524,029
92$2,205,466$931,623$692,119$1,587,021
93$2,368,663$915,511$653,543$1,655,241
94$2,546,560$896,664$611,730$1,729,254
95$2,740,595$874,887$566,510$1,809,684
96$2,952,353$849,973$517,705$1,897,226
97$3,183,574$821,703$465,129$1,992,648
98$3,436,177$789,846$408,590$2,096,802
99$3,712,274$754,155$347,885$2,210,630
100$4,014,190$714,372$282,802$2,335,178