Can I retire at age 80 with 934,000?

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 $934,000?

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$77,129$76,442$75,772$75,117$74,478$74,040
2 years$38,183$37,471$36,782$36,114$35,466$35,024
3 years$25,202$24,488$23,801$23,139$22,501$22,069
4 years$18,713$18,001$17,321$16,670$16,048$15,629
5 years$14,821$14,113$13,442$12,804$12,199$11,794
6 years$12,227$11,525$10,863$10,240$9,653$9,263
7 years$10,375$9,678$9,027$8,419$7,850$7,475
8 years$8,986$8,296$7,656$7,062$6,513$6,153
9 years$7,907$7,223$6,594$6,015$5,485$5,140
10 years$7,044$6,367$5,749$5,185$4,673$4,343
11 years$6,338$5,668$5,061$4,513$4,019$3,704
12 years$5,751$5,087$4,492$3,958$3,483$3,182
13 years$5,254$4,597$4,013$3,495$3,037$2,750
14 years$4,828$4,179$3,606$3,102$2,662$2,389
15 years$4,460$3,818$3,255$2,767$2,344$2,084
16 years$4,138$3,503$2,951$2,477$2,072$1,825
17 years$3,854$3,226$2,686$2,226$1,837$1,603
18 years$3,602$2,981$2,452$2,006$1,633$1,411
19 years$3,377$2,763$2,244$1,812$1,456$1,245
20 years$3,174$2,567$2,060$1,641$1,300$1,101
21 years$2,991$2,391$1,895$1,490$1,164$976
22 years$2,825$2,232$1,746$1,355$1,043$866
23 years$2,674$2,088$1,612$1,234$936$769
24 years$2,535$1,956$1,491$1,125$842$684
25 years$2,408$1,836$1,381$1,028$757$609
26 years$2,291$1,725$1,281$940$682$543
27 years$2,182$1,624$1,189$860$615$484
28 years$2,082$1,530$1,106$788$555$432
29 years$1,988$1,443$1,029$723$501$386
30 years$1,901$1,363$958$663$453$345
31 years$1,820$1,288$894$609$409$308
32 years$1,744$1,219$834$560$370$275
33 years$1,673$1,155$778$515$335$246
34 years$1,606$1,094$727$474$303$221
35 years$1,543$1,038$680$436$275$197
36 years$1,483$985$636$401$249$177
37 years$1,427$936$595$370$226$158
38 years$1,374$889$558$341$205$142
39 years$1,324$846$522$314$186$127
40 years$1,277$804$490$290$168$114
41 years$1,232$766$459$268$153$102
42 years$1,189$729$431$247$139$92
43 years$1,148$695$404$228$126$82
44 years$1,110$662$379$210$114$74
45 years$1,073$632$356$194$104$66
46 years$1,038$603$335$180$94$59
47 years$1,004$575$314$166$85$53
48 years$972$549$295$153$78$48
49 years$941$524$278$142$70$43
50 years$912$501$261$131$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $934,000, adding $4,235 every year, while hoping to spend $27,539 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: 53/37/10 Blend
79$934,000$934,000$934,000$934,000
80$1,033,636$984,134$969,657$1,085,562
81$1,109,766$1,003,056$972,840$1,140,242
82$1,192,738$1,021,981$975,205$1,196,363
83$1,283,221$1,040,882$976,699$1,256,772
84$1,381,951$1,059,727$977,260$1,321,883
85$1,489,739$1,078,482$976,826$1,392,149
86$1,607,476$1,097,111$975,334$1,468,069
87$1,736,144$1,115,576$972,713$1,550,197
88$1,876,825$1,133,833$968,893$1,639,138
89$2,030,708$1,151,838$963,799$1,735,564
90$2,199,105$1,169,543$957,350$1,840,212
91$2,383,458$1,186,895$949,466$1,953,897
92$2,585,356$1,203,838$940,059$2,077,517
93$2,806,550$1,220,314$929,038$2,212,062
94$3,048,967$1,236,257$916,309$2,358,621
95$3,314,728$1,251,601$901,772$2,518,399
96$3,606,173$1,266,271$885,324$2,692,722
97$3,925,875$1,280,191$866,855$2,883,052
98$4,276,670$1,293,277$846,251$3,091,002
99$4,661,683$1,305,440$823,393$3,318,349
100$5,084,354$1,316,586$798,156$3,567,054