Can I retire at age 80 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$82,331$81,598$80,882$80,184$79,502$78,869
2 years$40,758$39,999$39,263$38,550$37,858$37,220
3 years$26,902$26,140$25,406$24,699$24,019$23,395
4 years$19,976$19,216$18,489$17,795$17,130$16,526
5 years$15,821$15,065$14,348$13,668$13,022$12,439
6 years$13,052$12,302$11,596$10,930$10,304$9,743
7 years$11,075$10,331$9,636$8,986$8,380$7,841
8 years$9,592$8,856$8,172$7,538$6,952$6,436
9 years$8,440$7,710$7,039$6,421$5,855$5,360
10 years$7,519$6,796$6,136$5,535$4,988$4,516
11 years$6,766$6,050$5,402$4,817$4,290$3,839
12 years$6,139$5,431$4,794$4,225$3,718$3,288
13 years$5,608$4,908$4,284$3,730$3,242$2,833
14 years$5,154$4,461$3,849$3,311$2,842$2,453
15 years$4,761$4,075$3,475$2,953$2,502$2,133
16 years$4,417$3,739$3,151$2,644$2,211$1,861
17 years$4,114$3,443$2,867$2,376$1,961$1,629
18 years$3,845$3,182$2,617$2,141$1,744$1,429
19 years$3,605$2,949$2,396$1,935$1,554$1,257
20 years$3,388$2,740$2,199$1,752$1,388$1,107
21 years$3,193$2,552$2,022$1,590$1,242$977
22 years$3,016$2,383$1,864$1,446$1,113$864
23 years$2,854$2,228$1,721$1,317$999$764
24 years$2,706$2,088$1,592$1,201$898$677
25 years$2,570$1,959$1,474$1,097$808$601
26 years$2,445$1,841$1,367$1,003$728$533
27 years$2,329$1,733$1,270$918$657$474
28 years$2,222$1,633$1,180$841$592$421
29 years$2,122$1,541$1,098$771$535$374
30 years$2,029$1,455$1,023$708$483$333
31 years$1,943$1,375$954$650$437$297
32 years$1,862$1,301$890$597$395$264
33 years$1,785$1,232$831$549$358$235
34 years$1,714$1,168$776$505$324$210
35 years$1,647$1,108$726$465$293$187
36 years$1,583$1,052$679$429$266$167
37 years$1,524$999$636$395$241$149
38 years$1,467$949$595$364$218$133
39 years$1,414$903$558$336$198$118
40 years$1,363$859$523$310$180$106
41 years$1,315$817$490$286$163$94
42 years$1,269$778$460$264$148$84
43 years$1,226$742$431$243$134$75
44 years$1,185$707$405$225$122$67
45 years$1,145$674$380$207$111$60
46 years$1,108$643$357$192$100$54
47 years$1,072$614$335$177$91$48
48 years$1,038$586$315$164$83$43
49 years$1,005$560$296$151$75$38
50 years$973$534$279$140$68$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $997,000, adding $4,518 every year, while hoping to spend $55,182 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: 69/20/11 Blend
79$997,000$997,000$997,000$997,000
80$1,103,354$1,050,513$1,035,060$1,176,646
81$1,157,183$1,043,275$1,011,021$1,218,640
82$1,214,653$1,033,833$984,328$1,257,479
83$1,276,077$1,022,020$954,832$1,298,513
84$1,341,799$1,007,661$922,381$1,341,950
85$1,412,195$990,569$886,813$1,388,017
86$1,487,677$970,545$847,959$1,436,970
87$1,568,698$947,380$805,644$1,489,088
88$1,655,756$920,852$759,684$1,544,681
89$1,749,396$890,727$709,886$1,604,094
90$1,850,217$856,755$656,050$1,667,708
91$1,958,877$818,674$597,966$1,735,943
92$2,076,098$776,205$535,413$1,809,266
93$2,202,675$729,053$468,164$1,888,192
94$2,339,478$676,907$395,978$1,973,294
95$2,487,468$619,439$318,606$2,065,202
96$2,647,698$556,300$235,788$2,164,615
97$2,821,326$487,121$147,250$2,272,306
98$3,009,627$411,515$52,708$2,389,131
99$3,214,001$329,072$0$2,516,034
100$3,435,988$239,356$0$2,659,717