Can I retire at age 80 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$140,384$139,134$137,914$136,723$135,560$134,201
2 years$69,497$68,203$66,949$65,732$64,553$63,183
3 years$45,871$44,571$43,320$42,115$40,955$39,618
4 years$34,061$32,765$31,526$30,342$29,209$27,915
5 years$26,976$25,688$24,465$23,305$22,204$20,957
6 years$22,255$20,976$19,772$18,637$17,570$16,371
7 years$18,883$17,616$16,430$15,323$14,289$13,139
8 years$16,356$15,100$13,934$12,854$11,854$10,753
9 years$14,392$13,147$12,002$10,949$9,983$8,930
10 years$12,821$11,589$10,463$9,438$8,506$7,501
11 years$11,537$10,317$9,212$8,214$7,315$6,357
12 years$10,467$9,260$8,175$7,205$6,339$5,427
13 years$9,563$8,368$7,304$6,361$5,528$4,661
14 years$8,788$7,606$6,563$5,646$4,846$4,022
15 years$8,118$6,949$5,925$5,035$4,267$3,486
16 years$7,532$6,375$5,372$4,509$3,771$3,031
17 years$7,015$5,871$4,888$4,051$3,343$2,643
18 years$6,556$5,425$4,462$3,651$2,973$2,311
19 years$6,146$5,028$4,085$3,299$2,650$2,025
20 years$5,778$4,672$3,749$2,988$2,367$1,778
21 years$5,445$4,352$3,448$2,712$2,118$1,563
22 years$5,142$4,063$3,178$2,465$1,899$1,377
23 years$4,867$3,800$2,935$2,245$1,704$1,214
24 years$4,615$3,560$2,714$2,048$1,532$1,071
25 years$4,383$3,341$2,514$1,870$1,378$946
26 years$4,169$3,140$2,331$1,710$1,242$837
27 years$3,972$2,955$2,165$1,565$1,119$740
28 years$3,789$2,784$2,013$1,434$1,010$655
29 years$3,619$2,627$1,873$1,315$912$581
30 years$3,460$2,481$1,744$1,207$824$515
31 years$3,313$2,345$1,626$1,108$745$456
32 years$3,174$2,219$1,517$1,019$674$405
33 years$3,044$2,101$1,417$937$610$359
34 years$2,923$1,992$1,324$862$552$319
35 years$2,808$1,889$1,238$793$500$283
36 years$2,700$1,793$1,158$731$453$251
37 years$2,598$1,703$1,084$673$411$223
38 years$2,502$1,618$1,015$621$372$198
39 years$2,411$1,539$951$572$338$176
40 years$2,324$1,464$891$528$306$157
41 years$2,242$1,394$836$487$278$139
42 years$2,164$1,327$784$449$252$124
43 years$2,090$1,265$736$415$229$110
44 years$2,020$1,206$690$383$208$98
45 years$1,953$1,150$648$354$189$87
46 years$1,889$1,097$609$327$171$77
47 years$1,828$1,047$572$302$155$69
48 years$1,769$999$538$279$141$61
49 years$1,713$954$505$258$128$54
50 years$1,660$911$475$238$116$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $1,700,000, adding $3,440 every year, while hoping to spend $39,375 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: 47/27/26 Blend
79$1,700,000$1,700,000$1,700,000$1,700,000
80$1,876,948$1,786,848$1,760,498$1,951,051
81$2,026,502$1,832,509$1,777,580$2,049,209
82$2,189,991$1,879,088$1,793,915$2,151,561
83$2,368,795$1,926,587$1,809,435$2,261,889
84$2,564,432$1,975,011$1,824,072$2,380,964
85$2,778,576$2,024,358$1,837,750$2,509,631
86$3,013,069$2,074,629$1,850,393$2,648,824
87$3,269,938$2,125,823$1,861,918$2,799,571
88$3,551,419$2,177,936$1,872,239$2,963,006
89$3,859,972$2,230,962$1,881,267$3,140,376
90$4,198,305$2,284,895$1,888,905$3,333,059
91$4,569,404$2,339,727$1,895,055$3,542,570
92$4,976,555$2,395,446$1,899,612$3,770,582
93$5,423,380$2,452,039$1,902,465$4,018,935
94$5,913,866$2,509,490$1,903,499$4,289,661
95$6,452,407$2,567,781$1,902,592$4,584,997
96$7,043,841$2,626,891$1,899,618$4,907,409
97$7,693,500$2,686,796$1,894,443$5,259,617
98$8,407,257$2,747,469$1,886,926$5,644,617
99$9,191,582$2,808,880$1,876,923$6,065,711
100$10,053,601$2,870,992$1,864,277$6,526,541