Can I retire at age 80 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$136,255$135,042$133,858$132,702$131,573$130,744
2 years$67,453$66,197$64,979$63,799$62,654$61,818
3 years$44,522$43,260$42,046$40,877$39,750$38,933
4 years$33,059$31,801$30,599$29,449$28,350$27,557
5 years$26,183$24,932$23,746$22,620$21,551$20,786
6 years$21,600$20,359$19,190$18,089$17,053$16,316
7 years$18,328$17,098$15,947$14,872$13,869$13,160
8 years$15,875$14,656$13,524$12,476$11,505$10,825
9 years$13,968$12,761$11,649$10,627$9,689$9,038
10 years$12,444$11,248$10,156$9,160$8,256$7,632
11 years$11,197$10,013$8,941$7,972$7,100$6,505
12 years$10,159$8,987$7,935$6,993$6,153$5,585
13 years$9,281$8,122$7,089$6,174$5,365$4,824
14 years$8,530$7,383$6,370$5,480$4,703$4,188
15 years$7,879$6,744$5,751$4,887$4,141$3,651
16 years$7,310$6,188$5,214$4,376$3,660$3,194
17 years$6,809$5,699$4,745$3,932$3,245$2,803
18 years$6,363$5,266$4,331$3,543$2,885$2,467
19 years$5,966$4,880$3,965$3,202$2,572$2,176
20 years$5,608$4,535$3,639$2,900$2,297$1,923
21 years$5,285$4,224$3,347$2,632$2,056$1,702
22 years$4,991$3,943$3,085$2,393$1,843$1,509
23 years$4,724$3,688$2,848$2,179$1,654$1,339
24 years$4,479$3,455$2,634$1,988$1,487$1,190
25 years$4,254$3,243$2,440$1,815$1,338$1,059
26 years$4,047$3,048$2,263$1,660$1,205$943
27 years$3,855$2,868$2,101$1,519$1,086$840
28 years$3,677$2,703$1,953$1,392$980$749
29 years$3,512$2,550$1,818$1,276$885$668
30 years$3,359$2,408$1,693$1,171$800$597
31 years$3,215$2,276$1,578$1,076$723$533
32 years$3,081$2,154$1,473$989$654$476
33 years$2,955$2,040$1,375$909$592$426
34 years$2,837$1,933$1,285$837$536$381
35 years$2,725$1,834$1,201$770$485$341
36 years$2,621$1,740$1,124$709$440$305
37 years$2,522$1,653$1,052$653$399$273
38 years$2,428$1,571$985$602$361$244
39 years$2,340$1,494$923$555$328$219
40 years$2,256$1,421$865$512$297$196
41 years$2,176$1,353$811$473$270$175
42 years$2,101$1,288$761$436$245$157
43 years$2,029$1,228$714$403$222$141
44 years$1,960$1,170$670$372$202$126
45 years$1,895$1,116$629$343$183$113
46 years$1,833$1,064$591$317$166$101
47 years$1,774$1,016$555$293$151$91
48 years$1,717$970$522$271$137$81
49 years$1,663$926$490$250$124$73
50 years$1,611$885$461$231$113$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,650,000, adding $6,258 every year, while hoping to spend $56,061 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: 69/26/5 Blend
79$1,650,000$1,650,000$1,650,000$1,650,000
80$1,824,755$1,737,305$1,711,730$1,949,246
81$1,951,232$1,762,785$1,709,425$2,057,852
82$2,088,730$1,787,634$1,705,163$2,169,119
83$2,238,315$1,811,762$1,698,820$2,289,278
84$2,401,158$1,835,074$1,690,266$2,419,186
85$2,578,550$1,857,466$1,679,363$2,559,790
86$2,771,908$1,878,828$1,665,968$2,712,130
87$2,982,794$1,899,042$1,649,930$2,877,354
88$3,212,928$1,917,984$1,631,091$3,056,728
89$3,464,201$1,935,519$1,609,287$3,251,645
90$3,738,696$1,951,506$1,584,345$3,463,641
91$4,038,705$1,965,792$1,556,083$3,694,408
92$4,366,753$1,978,216$1,524,312$3,945,814
93$4,725,620$1,988,606$1,488,833$4,219,913
94$5,118,364$1,996,779$1,449,441$4,518,973
95$5,548,357$2,002,541$1,405,916$4,845,491
96$6,019,308$2,005,684$1,358,033$5,202,222
97$6,535,304$2,005,989$1,305,554$5,592,200
98$7,100,846$2,003,224$1,248,231$6,018,772
99$7,720,889$1,997,139$1,185,804$6,485,625
100$8,400,894$1,987,472$1,118,002$6,996,825