Can I retire at age 80 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$56,236$55,735$55,247$54,770$54,304$53,056
2 years$27,840$27,321$26,819$26,332$25,859$24,608
3 years$18,375$17,855$17,354$16,871$16,406$15,192
4 years$13,644$13,125$12,629$12,155$11,701$10,533
5 years$10,806$10,290$9,801$9,336$8,895$7,776
6 years$8,915$8,403$7,920$7,466$7,038$5,970
7 years$7,564$7,057$6,582$6,138$5,724$4,706
8 years$6,552$6,049$5,582$5,149$4,749$3,781
9 years$5,765$5,267$4,808$4,386$3,999$3,081
10 years$5,136$4,642$4,191$3,781$3,407$2,538
11 years$4,621$4,133$3,690$3,290$2,930$2,108
12 years$4,193$3,709$3,275$2,886$2,539$1,763
13 years$3,831$3,352$2,926$2,548$2,214$1,482
14 years$3,521$3,047$2,629$2,262$1,941$1,252
15 years$3,252$2,783$2,374$2,017$1,709$1,061
16 years$3,017$2,554$2,152$1,806$1,511$903
17 years$2,810$2,352$1,958$1,623$1,339$769
18 years$2,626$2,173$1,788$1,462$1,191$657
19 years$2,462$2,014$1,636$1,321$1,061$563
20 years$2,315$1,872$1,502$1,197$948$482
21 years$2,181$1,743$1,381$1,086$848$414
22 years$2,060$1,627$1,273$988$761$356
23 years$1,950$1,522$1,176$899$683$306
24 years$1,849$1,426$1,087$820$614$263
25 years$1,756$1,338$1,007$749$552$227
26 years$1,670$1,258$934$685$497$195
27 years$1,591$1,184$867$627$448$169
28 years$1,518$1,115$806$574$405$145
29 years$1,450$1,052$750$527$365$125
30 years$1,386$994$699$483$330$108
31 years$1,327$939$651$444$298$94
32 years$1,272$889$608$408$270$81
33 years$1,220$842$568$375$244$70
34 years$1,171$798$530$345$221$60
35 years$1,125$757$496$318$200$52
36 years$1,082$718$464$293$182$45
37 years$1,041$682$434$270$165$39
38 years$1,002$648$407$249$149$34
39 years$966$616$381$229$135$29
40 years$931$587$357$211$123$25
41 years$898$558$335$195$111$22
42 years$867$532$314$180$101$19
43 years$837$507$295$166$92$16
44 years$809$483$277$153$83$14
45 years$782$461$260$142$76$12
46 years$757$439$244$131$69$11
47 years$732$419$229$121$62$9
48 years$709$400$215$112$57$8
49 years$686$382$202$103$51$7
50 years$665$365$190$95$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $681,000, adding $3,093 every year, while hoping to spend $34,993 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: 72/11/17 Blend
79$681,000$681,000$681,000$681,000
80$753,652$717,559$707,004$804,725
81$793,293$715,488$693,456$836,974
82$835,803$712,141$678,282$867,751
83$881,441$707,421$661,390$900,551
84$930,485$701,222$642,683$935,568
85$983,244$693,432$622,063$973,017
86$1,040,058$683,933$599,425$1,013,133
87$1,101,296$672,598$574,658$1,056,179
88$1,167,369$659,296$547,650$1,102,443
89$1,238,723$643,884$518,279$1,152,243
90$1,315,853$626,215$486,421$1,205,931
91$1,399,299$606,129$451,946$1,263,897
92$1,489,658$583,459$414,716$1,326,570
93$1,587,584$558,029$374,589$1,394,423
94$1,693,796$529,651$331,417$1,467,980
95$1,809,087$498,128$285,043$1,547,820
96$1,934,327$463,249$235,305$1,634,580
97$2,070,474$424,794$182,034$1,728,965
98$2,218,582$382,528$125,051$1,831,754
99$2,379,809$336,205$64,173$1,943,805
100$2,555,432$285,561$0$2,066,067