Can I retire at age 80 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$76,881$76,196$75,528$74,876$74,239$73,556
2 years$38,060$37,351$36,664$35,998$35,352$34,663
3 years$25,121$24,409$23,724$23,064$22,429$21,756
4 years$18,653$17,943$17,265$16,617$15,996$15,345
5 years$14,773$14,068$13,398$12,763$12,160$11,532
6 years$12,188$11,487$10,828$10,207$9,622$9,018
7 years$10,341$9,647$8,998$8,392$7,825$7,246
8 years$8,957$8,269$7,631$7,039$6,492$5,937
9 years$7,882$7,200$6,573$5,996$5,467$4,936
10 years$7,021$6,346$5,730$5,169$4,658$4,151
11 years$6,318$5,650$5,045$4,498$4,006$3,523
12 years$5,732$5,071$4,477$3,946$3,472$3,011
13 years$5,237$4,583$4,000$3,483$3,027$2,589
14 years$4,813$4,166$3,594$3,092$2,654$2,237
15 years$4,446$3,805$3,245$2,758$2,337$1,942
16 years$4,125$3,491$2,942$2,469$2,065$1,691
17 years$3,842$3,215$2,677$2,219$1,831$1,477
18 years$3,591$2,971$2,444$1,999$1,628$1,293
19 years$3,366$2,754$2,237$1,807$1,451$1,135
20 years$3,164$2,559$2,053$1,636$1,296$997
21 years$2,982$2,383$1,889$1,485$1,160$878
22 years$2,816$2,225$1,741$1,350$1,040$775
23 years$2,665$2,081$1,607$1,230$933$684
24 years$2,527$1,950$1,486$1,121$839$605
25 years$2,400$1,830$1,377$1,024$755$535
26 years$2,283$1,720$1,277$936$680$474
27 years$2,175$1,618$1,186$857$613$420
28 years$2,075$1,525$1,102$785$553$372
29 years$1,982$1,439$1,026$720$499$330
30 years$1,895$1,359$955$661$451$293
31 years$1,814$1,284$891$607$408$260
32 years$1,738$1,215$831$558$369$231
33 years$1,667$1,151$776$513$334$206
34 years$1,601$1,091$725$472$302$183
35 years$1,538$1,035$678$435$274$163
36 years$1,479$982$634$400$248$145
37 years$1,423$933$593$369$225$129
38 years$1,370$886$556$340$204$114
39 years$1,320$843$521$313$185$102
40 years$1,273$802$488$289$168$91
41 years$1,228$763$458$267$152$81
42 years$1,185$727$429$246$138$72
43 years$1,145$693$403$227$125$64
44 years$1,106$660$378$210$114$57
45 years$1,069$630$355$194$103$51
46 years$1,034$601$333$179$94$45
47 years$1,001$573$313$165$85$40
48 years$969$547$294$153$77$36
49 years$938$522$277$141$70$32
50 years$909$499$260$130$64$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $931,000, adding $5,574 every year, while hoping to spend $27,752 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: 48/29/23 Blend
79$931,000$931,000$931,000$931,000
80$1,031,712$982,369$967,938$1,074,257
81$1,107,418$1,000,977$970,836$1,123,152
82$1,189,917$1,019,567$972,901$1,173,003
83$1,279,871$1,038,108$974,076$1,226,573
84$1,378,011$1,056,568$974,300$1,284,224
85$1,485,140$1,074,912$973,511$1,346,356
86$1,602,143$1,093,102$971,643$1,413,410
87$1,729,995$1,111,097$968,626$1,485,873
88$1,869,767$1,128,853$964,388$1,564,280
89$2,022,640$1,146,324$958,851$1,649,225
90$2,189,914$1,163,458$951,938$1,741,359
91$2,373,020$1,180,203$943,563$1,841,406
92$2,573,535$1,196,500$933,639$1,950,159
93$2,793,194$1,212,287$922,075$2,068,496
94$3,033,909$1,227,498$908,773$2,197,386
95$3,297,785$1,242,063$893,634$2,337,896
96$3,587,141$1,255,905$876,552$2,491,206
97$3,904,529$1,268,944$857,417$2,658,615
98$4,252,763$1,281,095$836,113$2,841,558
99$4,634,942$1,292,265$812,519$3,041,616
100$5,054,477$1,302,357$786,510$3,260,536