Can I retire at age 80 with 1,640,000?

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 $1,640,000?

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$135,430$134,223$133,046$131,898$130,776$130,006
2 years$67,044$65,796$64,586$63,412$62,274$61,498
3 years$44,252$42,998$41,791$40,629$39,509$38,750
4 years$32,858$31,608$30,413$29,271$28,178$27,442
5 years$26,024$24,781$23,602$22,483$21,421$20,710
6 years$21,469$20,236$19,074$17,980$16,950$16,265
7 years$18,217$16,994$15,850$14,782$13,784$13,126
8 years$15,779$14,567$13,442$12,400$11,436$10,804
9 years$13,884$12,683$11,578$10,562$9,630$9,025
10 years$12,368$11,180$10,094$9,105$8,206$7,626
11 years$11,129$9,953$8,887$7,924$7,057$6,503
12 years$10,098$8,933$7,887$6,950$6,116$5,587
13 years$9,225$8,073$7,046$6,136$5,333$4,829
14 years$8,478$7,338$6,331$5,447$4,675$4,195
15 years$7,831$6,703$5,716$4,858$4,116$3,660
16 years$7,266$6,150$5,182$4,350$3,638$3,204
17 years$6,767$5,664$4,716$3,908$3,225$2,814
18 years$6,325$5,234$4,305$3,522$2,868$2,478
19 years$5,929$4,851$3,941$3,182$2,556$2,187
20 years$5,574$4,507$3,617$2,882$2,283$1,934
21 years$5,253$4,199$3,327$2,616$2,043$1,713
22 years$4,961$3,919$3,066$2,378$1,832$1,520
23 years$4,695$3,666$2,831$2,166$1,644$1,350
24 years$4,452$3,434$2,618$1,976$1,478$1,201
25 years$4,228$3,223$2,425$1,804$1,330$1,069
26 years$4,022$3,029$2,249$1,650$1,198$953
27 years$3,832$2,851$2,088$1,510$1,080$850
28 years$3,655$2,686$1,941$1,383$974$758
29 years$3,491$2,534$1,807$1,269$880$677
30 years$3,338$2,393$1,683$1,164$795$605
31 years$3,196$2,262$1,569$1,069$719$541
32 years$3,062$2,141$1,464$983$650$484
33 years$2,937$2,027$1,367$904$588$433
34 years$2,819$1,921$1,277$831$533$387
35 years$2,709$1,822$1,194$765$483$347
36 years$2,605$1,730$1,117$705$437$310
37 years$2,506$1,643$1,045$650$396$278
38 years$2,413$1,561$979$599$359$249
39 years$2,325$1,485$917$552$326$223
40 years$2,242$1,412$860$509$295$200
41 years$2,163$1,345$806$470$268$179
42 years$2,088$1,281$756$434$243$161
43 years$2,017$1,220$710$400$221$144
44 years$1,949$1,163$666$370$200$129
45 years$1,884$1,109$625$341$182$116
46 years$1,822$1,058$587$315$165$104
47 years$1,763$1,010$552$291$150$93
48 years$1,707$964$519$269$136$84
49 years$1,653$920$487$249$124$75
50 years$1,601$879$458$230$112$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,640,000, adding $2,098 every year, while hoping to spend $38,710 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: 70/13/17 Blend
79$1,640,000$1,640,000$1,640,000$1,640,000
80$1,809,444$1,722,524$1,697,104$1,928,698
81$1,952,820$1,765,741$1,712,770$2,051,562
82$2,109,523$1,809,777$1,727,663$2,181,173
83$2,280,872$1,854,634$1,741,717$2,322,050
84$2,468,318$1,900,308$1,754,861$2,475,298
85$2,673,459$1,946,795$1,767,022$2,642,139
86$2,898,056$1,994,093$1,778,122$2,823,916
87$3,144,047$2,042,192$1,788,078$3,022,108
88$3,413,566$2,091,086$1,796,805$3,238,347
89$3,708,964$2,140,764$1,804,212$3,474,428
90$4,032,830$2,191,213$1,810,205$3,732,329
91$4,388,015$2,242,419$1,814,683$4,014,232
92$4,777,660$2,294,365$1,817,542$4,322,538
93$5,205,224$2,347,031$1,818,673$4,659,894
94$5,674,517$2,400,396$1,817,958$5,029,215
95$6,189,736$2,454,433$1,815,278$5,433,716
96$6,755,505$2,509,116$1,810,506$5,876,935
97$7,376,916$2,564,413$1,803,508$6,362,776
98$8,059,580$2,620,288$1,794,144$6,895,535
99$8,809,678$2,676,703$1,782,268$7,479,951
100$9,634,019$2,733,614$1,767,728$8,121,243