Can I retire at age 80 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$130,475$129,313$128,179$127,072$125,991$124,109
2 years$64,592$63,389$62,223$61,092$59,996$58,103
3 years$42,633$41,425$40,262$39,142$38,064$36,220
4 years$31,656$30,452$29,301$28,200$27,147$25,367
5 years$25,072$23,875$22,738$21,660$20,637$18,925
6 years$20,684$19,495$18,376$17,322$16,329$14,688
7 years$17,550$16,372$15,271$14,241$13,280$11,710
8 years$15,202$14,034$12,951$11,947$11,017$9,517
9 years$13,376$12,219$11,154$10,176$9,278$7,848
10 years$11,916$10,771$9,725$8,772$7,905$6,544
11 years$10,722$9,588$8,561$7,634$6,799$5,505
12 years$9,728$8,606$7,598$6,696$5,892$4,664
13 years$8,888$7,777$6,788$5,912$5,138$3,974
14 years$8,168$7,069$6,099$5,248$4,504$3,403
15 years$7,545$6,458$5,507$4,680$3,965$2,925
16 years$7,000$5,925$4,993$4,190$3,505$2,522
17 years$6,520$5,457$4,543$3,765$3,107$2,181
18 years$6,093$5,042$4,147$3,393$2,763$1,891
19 years$5,712$4,673$3,797$3,066$2,463$1,642
20 years$5,370$4,343$3,484$2,777$2,200$1,429
21 years$5,060$4,045$3,205$2,520$1,969$1,245
22 years$4,779$3,776$2,954$2,291$1,765$1,087
23 years$4,523$3,531$2,727$2,087$1,584$949
24 years$4,289$3,309$2,522$1,903$1,424$830
25 years$4,073$3,105$2,336$1,738$1,281$726
26 years$3,875$2,918$2,167$1,589$1,154$636
27 years$3,692$2,746$2,012$1,455$1,040$557
28 years$3,521$2,588$1,870$1,333$939$489
29 years$3,363$2,441$1,741$1,222$848$429
30 years$3,216$2,306$1,621$1,122$766$376
31 years$3,079$2,180$1,512$1,030$692$330
32 years$2,950$2,062$1,410$947$626$290
33 years$2,830$1,953$1,317$871$567$255
34 years$2,716$1,851$1,230$801$513$224
35 years$2,610$1,756$1,150$737$465$197
36 years$2,509$1,666$1,076$679$421$173
37 years$2,415$1,583$1,007$626$382$152
38 years$2,325$1,504$943$577$346$134
39 years$2,240$1,430$884$532$314$118
40 years$2,160$1,361$828$491$285$103
41 years$2,084$1,295$777$453$258$91
42 years$2,012$1,234$728$418$234$80
43 years$1,943$1,175$684$386$213$70
44 years$1,877$1,120$642$356$193$62
45 years$1,815$1,068$603$329$175$55
46 years$1,755$1,019$566$304$159$48
47 years$1,699$973$532$281$144$42
48 years$1,644$929$500$259$131$37
49 years$1,592$887$470$240$119$33
50 years$1,543$847$441$221$108$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,580,000, adding $5,763 every year, while hoping to spend $24,307 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: 67/16/17 Blend
79$1,580,000$1,580,000$1,580,000$1,580,000
80$1,747,105$1,663,365$1,638,875$1,856,592
81$1,899,447$1,719,007$1,667,914$1,986,117
82$2,066,513$1,776,561$1,697,112$2,124,326
83$2,249,780$1,836,095$1,726,448$2,274,854
84$2,450,873$1,897,680$1,755,900$2,438,911
85$2,671,584$1,961,388$1,785,444$2,617,827
86$2,913,885$2,027,295$1,815,056$2,813,068
87$3,179,949$2,095,480$1,844,708$3,026,246
88$3,472,171$2,166,026$1,874,373$3,259,137
89$3,793,187$2,239,016$1,904,019$3,513,698
90$4,145,903$2,314,538$1,933,614$3,792,083
91$4,533,518$2,392,684$1,963,124$4,096,664
92$4,959,560$2,473,548$1,992,511$4,430,054
93$5,427,911$2,557,228$2,021,737$4,795,131
94$5,942,853$2,643,827$2,050,760$5,195,063
95$6,509,100$2,733,450$2,079,536$5,633,344
96$7,131,846$2,826,207$2,108,018$6,113,818
97$7,816,815$2,922,212$2,136,157$6,640,721
98$8,570,312$3,021,583$2,163,901$7,218,721
99$9,399,287$3,124,443$2,191,194$7,852,958
100$10,311,392$3,230,919$2,217,978$8,549,096