Can I retire at age 80 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$64,659$64,083$63,522$62,973$62,438$61,581
2 years$32,010$31,413$30,836$30,276$29,732$28,870
3 years$21,128$20,529$19,953$19,398$18,863$18,024
4 years$15,688$15,091$14,520$13,975$13,453$12,642
5 years$12,425$11,832$11,268$10,734$10,227$9,446
6 years$10,250$9,661$9,107$8,584$8,092$7,343
7 years$8,697$8,114$7,568$7,058$6,581$5,864
8 years$7,533$6,955$6,418$5,920$5,460$4,774
9 years$6,629$6,055$5,528$5,043$4,598$3,944
10 years$5,905$5,338$4,819$4,347$3,918$3,295
11 years$5,314$4,752$4,243$3,783$3,369$2,777
12 years$4,821$4,265$3,765$3,318$2,920$2,357
13 years$4,404$3,854$3,364$2,930$2,546$2,012
14 years$4,048$3,503$3,023$2,601$2,232$1,726
15 years$3,739$3,200$2,729$2,319$1,965$1,487
16 years$3,469$2,936$2,474$2,077$1,737$1,285
17 years$3,231$2,704$2,252$1,866$1,540$1,114
18 years$3,020$2,499$2,055$1,682$1,369$967
19 years$2,831$2,316$1,882$1,519$1,220$842
20 years$2,661$2,152$1,727$1,376$1,090$735
21 years$2,508$2,005$1,588$1,249$976$642
22 years$2,369$1,871$1,464$1,136$874$561
23 years$2,242$1,750$1,352$1,034$785$491
24 years$2,125$1,640$1,250$943$706$431
25 years$2,019$1,539$1,158$861$635$378
26 years$1,920$1,446$1,074$788$572$332
27 years$1,829$1,361$997$721$516$291
28 years$1,745$1,283$927$661$465$256
29 years$1,667$1,210$863$606$420$225
30 years$1,594$1,143$803$556$380$198
31 years$1,526$1,080$749$511$343$174
32 years$1,462$1,022$699$469$310$153
33 years$1,402$968$653$431$281$135
34 years$1,346$917$610$397$254$119
35 years$1,293$870$570$365$230$105
36 years$1,244$826$533$337$209$92
37 years$1,197$784$499$310$189$81
38 years$1,152$745$467$286$172$72
39 years$1,110$709$438$264$156$63
40 years$1,070$674$410$243$141$56
41 years$1,033$642$385$224$128$49
42 years$997$611$361$207$116$43
43 years$963$583$339$191$105$38
44 years$930$555$318$176$96$34
45 years$899$529$299$163$87$30
46 years$870$505$280$150$79$26
47 years$842$482$263$139$72$23
48 years$815$460$248$128$65$20
49 years$789$439$233$119$59$18
50 years$764$420$219$110$54$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $783,000, adding $3,295 every year, while hoping to spend $37,029 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: 42/44/14 Blend
79$783,000$783,000$783,000$783,000
80$866,265$824,766$812,629$898,965
81$915,225$825,781$800,454$923,290
82$967,939$825,604$786,629$945,692
83$1,024,749$824,139$771,062$969,145
84$1,086,033$821,282$753,652$993,764
85$1,152,206$816,922$734,297$1,019,673
86$1,223,723$810,944$712,889$1,047,014
87$1,301,087$803,224$689,314$1,075,947
88$1,384,846$793,631$663,455$1,106,648
89$1,475,607$782,025$635,187$1,139,315
90$1,574,035$768,260$604,382$1,174,171
91$1,680,862$752,181$570,904$1,211,463
92$1,796,893$733,621$534,612$1,251,466
93$1,923,014$712,405$495,359$1,294,488
94$2,060,198$688,350$452,991$1,340,874
95$2,209,518$661,259$407,346$1,391,005
96$2,372,152$630,924$358,255$1,445,307
97$2,549,399$597,127$305,544$1,504,254
98$2,742,687$559,635$249,029$1,568,374
99$2,953,587$518,204$188,518$1,638,254
100$3,183,831$472,573$123,811$1,714,546