Can I retire at age 80 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$42,693$42,313$41,942$41,580$41,226$41,018
2 years$21,135$20,742$20,360$19,990$19,632$19,421
3 years$13,950$13,555$13,174$12,808$12,455$12,250
4 years$10,358$9,964$9,588$9,227$8,883$8,684
5 years$8,204$7,812$7,440$7,088$6,753$6,560
6 years$6,768$6,379$6,013$5,668$5,343$5,158
7 years$5,743$5,357$4,997$4,660$4,345$4,167
8 years$4,974$4,592$4,238$3,909$3,605$3,434
9 years$4,377$3,998$3,650$3,330$3,036$2,872
10 years$3,899$3,524$3,182$2,870$2,587$2,429
11 years$3,508$3,137$2,801$2,498$2,225$2,074
12 years$3,183$2,816$2,486$2,191$1,928$1,784
13 years$2,908$2,545$2,221$1,934$1,681$1,544
14 years$2,673$2,313$1,996$1,717$1,474$1,343
15 years$2,469$2,113$1,802$1,531$1,298$1,173
16 years$2,291$1,939$1,634$1,371$1,147$1,029
17 years$2,133$1,786$1,487$1,232$1,017$905
18 years$1,994$1,650$1,357$1,110$904$798
19 years$1,869$1,529$1,242$1,003$806$705
20 years$1,757$1,421$1,140$909$720$624
21 years$1,656$1,324$1,049$825$644$554
22 years$1,564$1,235$967$750$577$492
23 years$1,480$1,156$892$683$518$438
24 years$1,403$1,083$825$623$466$390
25 years$1,333$1,016$764$569$419$348
26 years$1,268$955$709$520$378$310
27 years$1,208$899$658$476$340$277
28 years$1,152$847$612$436$307$248
29 years$1,101$799$570$400$277$222
30 years$1,052$754$531$367$251$198
31 years$1,007$713$495$337$227$178
32 years$965$675$461$310$205$159
33 years$926$639$431$285$185$143
34 years$889$606$403$262$168$128
35 years$854$574$376$241$152$115
36 years$821$545$352$222$138$103
37 years$790$518$330$205$125$92
38 years$761$492$309$189$113$83
39 years$733$468$289$174$103$74
40 years$707$445$271$161$93$67
41 years$682$424$254$148$85$60
42 years$658$404$238$137$77$54
43 years$636$385$224$126$70$48
44 years$614$367$210$116$63$43
45 years$594$350$197$108$57$39
46 years$574$334$185$99$52$35
47 years$556$318$174$92$47$31
48 years$538$304$163$85$43$28
49 years$521$290$154$78$39$25
50 years$505$277$144$72$35$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $517,000, adding $6,197 every year, while hoping to spend $24,081 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: 73/12/15 Blend
79$517,000$517,000$517,000$517,000
80$576,126$548,725$540,712$615,822
81$609,269$549,991$533,204$644,213
82$644,985$550,511$524,637$671,751
83$683,512$550,225$514,951$701,278
84$725,110$549,065$504,081$732,984
85$770,065$546,963$491,962$767,081
86$818,692$543,845$478,522$803,801
87$871,336$539,631$463,691$843,402
88$928,378$534,238$447,390$886,167
89$990,236$527,579$429,540$932,409
90$1,057,368$519,558$410,058$982,473
91$1,130,281$510,078$388,856$1,036,740
92$1,209,531$499,033$365,844$1,095,629
93$1,295,728$486,311$340,925$1,159,604
94$1,389,547$471,795$314,001$1,229,176
95$1,491,728$455,360$284,967$1,304,909
96$1,603,085$436,873$253,714$1,387,426
97$1,724,515$416,196$220,129$1,477,412
98$1,857,006$393,179$184,093$1,575,625
99$2,001,643$367,667$145,483$1,682,899
100$2,159,622$339,495$104,169$1,800,157