Can I retire at age 80 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$82,496$81,762$81,045$80,345$79,662$78,764
2 years$40,840$40,079$39,342$38,627$37,934$37,031
3 years$26,956$26,192$25,457$24,749$24,067$23,186
4 years$20,016$19,254$18,526$17,830$17,165$16,312
5 years$15,852$15,095$14,377$13,695$13,048$12,227
6 years$13,078$12,327$11,619$10,952$10,325$9,536
7 years$11,097$10,352$9,655$9,004$8,397$7,640
8 years$9,612$8,873$8,188$7,554$6,966$6,242
9 years$8,457$7,726$7,053$6,434$5,866$5,175
10 years$7,534$6,810$6,149$5,546$4,998$4,339
11 years$6,779$6,063$5,413$4,827$4,299$3,670
12 years$6,151$5,441$4,804$4,234$3,725$3,127
13 years$5,620$4,917$4,292$3,738$3,248$2,681
14 years$5,164$4,470$3,857$3,318$2,848$2,309
15 years$4,770$4,083$3,482$2,959$2,507$1,997
16 years$4,426$3,746$3,157$2,650$2,216$1,733
17 years$4,122$3,450$2,873$2,381$1,965$1,508
18 years$3,853$3,188$2,622$2,145$1,747$1,316
19 years$3,612$2,955$2,401$1,939$1,557$1,150
20 years$3,395$2,746$2,203$1,756$1,391$1,008
21 years$3,200$2,558$2,026$1,593$1,245$884
22 years$3,022$2,387$1,868$1,449$1,116$777
23 years$2,860$2,233$1,725$1,319$1,001$683
24 years$2,712$2,092$1,595$1,203$900$602
25 years$2,576$1,963$1,477$1,099$810$530
26 years$2,450$1,845$1,370$1,005$730$468
27 years$2,334$1,736$1,272$920$658$413
28 years$2,227$1,636$1,183$843$594$365
29 years$2,127$1,544$1,101$773$536$322
30 years$2,034$1,458$1,025$709$484$285
31 years$1,947$1,378$956$651$438$252
32 years$1,865$1,304$892$599$396$223
33 years$1,789$1,235$833$550$358$197
34 years$1,717$1,170$778$507$325$175
35 years$1,650$1,110$727$466$294$155
36 years$1,587$1,054$680$429$266$137
37 years$1,527$1,001$637$396$241$121
38 years$1,470$951$596$365$219$108
39 years$1,417$904$559$336$198$95
40 years$1,366$860$524$310$180$84
41 years$1,318$819$491$286$163$75
42 years$1,272$780$461$264$148$66
43 years$1,228$743$432$244$134$59
44 years$1,187$708$406$225$122$52
45 years$1,147$676$381$208$111$46
46 years$1,110$644$358$192$101$41
47 years$1,074$615$336$177$91$36
48 years$1,040$587$316$164$83$32
49 years$1,007$561$297$151$75$29
50 years$975$536$279$140$68$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $999,000, adding $2,602 every year, while hoping to spend $57,081 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: 48/30/22 Blend
79$999,000$999,000$999,000$999,000
80$1,103,582$1,050,635$1,035,150$1,149,557
81$1,155,414$1,041,382$1,009,094$1,172,642
82$1,210,619$1,029,763$980,252$1,191,765
83$1,269,482$1,015,601$948,470$1,211,359
84$1,332,313$998,710$913,588$1,231,492
85$1,399,454$978,891$875,438$1,252,244
86$1,471,277$955,936$833,844$1,273,708
87$1,548,192$929,622$788,623$1,295,989
88$1,630,648$899,713$739,582$1,319,206
89$1,719,137$865,963$686,521$1,343,496
90$1,814,201$828,106$629,231$1,369,016
91$1,916,432$785,866$567,493$1,395,941
92$2,026,481$738,947$501,078$1,424,472
93$2,145,065$687,038$429,746$1,454,835
94$2,272,969$629,810$353,250$1,487,286
95$2,411,056$566,915$271,328$1,522,111
96$2,560,274$497,985$183,708$1,559,637
97$2,721,666$422,630$90,106$1,600,227
98$2,896,378$340,441$0$1,644,292
99$3,085,669$250,983$0$1,694,586
100$3,290,925$153,799$0$1,772,052