Can I retire at age 80 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$81,918$81,189$80,477$79,782$79,103$78,770
2 years$40,554$39,798$39,066$38,357$37,668$37,332
3 years$26,767$26,009$25,279$24,576$23,898$23,569
4 years$19,875$19,119$18,396$17,705$17,044$16,725
5 years$15,741$14,990$14,276$13,599$12,957$12,648
6 years$12,986$12,240$11,537$10,876$10,252$9,955
7 years$11,019$10,279$9,588$8,941$8,338$8,052
8 years$9,544$8,811$8,131$7,501$6,917$6,642
9 years$8,398$7,672$7,003$6,389$5,825$5,561
10 years$7,481$6,762$6,106$5,507$4,963$4,711
11 years$6,732$6,020$5,375$4,793$4,269$4,027
12 years$6,108$5,403$4,770$4,204$3,699$3,468
13 years$5,580$4,883$4,262$3,712$3,226$3,005
14 years$5,128$4,439$3,829$3,295$2,828$2,617
15 years$4,737$4,055$3,458$2,938$2,490$2,289
16 years$4,395$3,720$3,135$2,631$2,200$2,010
17 years$4,093$3,426$2,852$2,364$1,951$1,770
18 years$3,826$3,166$2,604$2,130$1,735$1,563
19 years$3,587$2,934$2,384$1,925$1,546$1,383
20 years$3,371$2,726$2,188$1,743$1,381$1,227
21 years$3,177$2,540$2,012$1,582$1,236$1,090
22 years$3,001$2,371$1,855$1,439$1,108$970
23 years$2,840$2,217$1,712$1,310$994$864
24 years$2,693$2,077$1,584$1,195$894$771
25 years$2,558$1,950$1,467$1,091$804$688
26 years$2,433$1,832$1,360$998$725$615
27 years$2,318$1,724$1,263$913$653$551
28 years$2,211$1,625$1,174$837$589$493
29 years$2,112$1,533$1,093$767$532$442
30 years$2,019$1,448$1,018$704$481$396
31 years$1,933$1,368$949$647$435$355
32 years$1,852$1,295$885$594$393$318
33 years$1,777$1,226$827$547$356$286
34 years$1,705$1,162$772$503$322$257
35 years$1,639$1,102$722$463$292$231
36 years$1,576$1,046$676$426$264$207
37 years$1,516$994$632$393$240$186
38 years$1,460$944$592$362$217$167
39 years$1,407$898$555$334$197$151
40 years$1,356$854$520$308$179$135
41 years$1,308$813$488$284$162$122
42 years$1,263$775$457$262$147$110
43 years$1,220$738$429$242$134$99
44 years$1,179$703$403$224$121$89
45 years$1,139$671$378$206$110$80
46 years$1,102$640$355$191$100$72
47 years$1,066$611$334$176$91$65
48 years$1,032$583$314$163$82$58
49 years$1,000$557$295$150$75$52
50 years$969$532$277$139$68$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $992,000, adding $2,473 every year, while hoping to spend $35,440 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: 43/46/11 Blend
79$992,000$992,000$992,000$992,000
80$1,095,735$1,043,159$1,027,783$1,139,256
81$1,169,792$1,056,566$1,024,506$1,183,267
82$1,250,215$1,069,442$1,019,931$1,227,152
83$1,337,616$1,081,724$1,013,978$1,273,904
84$1,432,668$1,093,343$1,006,561$1,323,797
85$1,536,112$1,104,229$997,593$1,377,140
86$1,648,763$1,114,303$986,979$1,434,269
87$1,771,516$1,123,484$974,623$1,495,560
88$1,905,360$1,131,684$960,422$1,561,426
89$2,051,380$1,138,810$944,270$1,632,325
90$2,210,772$1,144,763$926,054$1,708,762
91$2,384,852$1,149,437$905,657$1,791,299
92$2,575,068$1,152,720$882,958$1,880,552
93$2,783,015$1,154,494$857,828$1,977,206
94$3,010,450$1,154,631$830,132$2,082,016
95$3,259,305$1,152,998$799,731$2,195,819
96$3,531,710$1,149,451$766,478$2,319,537
97$3,830,009$1,143,838$730,219$2,454,192
98$4,156,784$1,136,000$690,795$2,600,909
99$4,514,877$1,125,765$648,038$2,760,937
100$4,907,420$1,112,953$601,772$2,935,650