Can I retire at age 80 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$68,871$68,257$67,659$67,075$66,504$66,224
2 years$34,095$33,460$32,844$32,247$31,669$31,386
3 years$22,504$21,866$21,252$20,661$20,092$19,815
4 years$16,710$16,074$15,466$14,885$14,330$14,061
5 years$13,234$12,602$12,002$11,433$10,893$10,634
6 years$10,918$10,291$9,700$9,143$8,619$8,369
7 years$9,264$8,642$8,061$7,517$7,010$6,769
8 years$8,024$7,408$6,836$6,306$5,815$5,584
9 years$7,060$6,450$5,888$5,371$4,897$4,676
10 years$6,290$5,685$5,133$4,630$4,173$3,960
11 years$5,660$5,061$4,519$4,030$3,589$3,385
12 years$5,135$4,543$4,011$3,535$3,110$2,916
13 years$4,691$4,105$3,583$3,120$2,712$2,527
14 years$4,311$3,732$3,220$2,770$2,377$2,201
15 years$3,982$3,409$2,907$2,470$2,093$1,925
16 years$3,695$3,128$2,635$2,212$1,850$1,690
17 years$3,441$2,880$2,398$1,987$1,640$1,488
18 years$3,216$2,662$2,189$1,791$1,458$1,314
19 years$3,015$2,467$2,004$1,618$1,300$1,163
20 years$2,835$2,292$1,839$1,466$1,161$1,031
21 years$2,671$2,135$1,692$1,330$1,039$916
22 years$2,523$1,993$1,559$1,209$931$815
23 years$2,388$1,864$1,440$1,102$836$727
24 years$2,264$1,746$1,331$1,005$751$648
25 years$2,150$1,639$1,233$918$676$579
26 years$2,045$1,540$1,144$839$609$517
27 years$1,949$1,450$1,062$768$549$463
28 years$1,859$1,366$987$704$496$414
29 years$1,775$1,289$919$645$447$371
30 years$1,698$1,217$856$592$404$333
31 years$1,625$1,151$798$544$366$298
32 years$1,557$1,089$744$500$331$268
33 years$1,494$1,031$695$460$299$240
34 years$1,434$977$649$423$271$216
35 years$1,378$927$607$389$245$194
36 years$1,325$880$568$358$222$174
37 years$1,275$835$532$330$202$157
38 years$1,227$794$498$304$183$141
39 years$1,183$755$466$281$166$127
40 years$1,140$718$437$259$150$114
41 years$1,100$684$410$239$136$102
42 years$1,062$651$385$220$124$92
43 years$1,025$620$361$204$112$83
44 years$991$591$339$188$102$75
45 years$958$564$318$174$93$67
46 years$927$538$299$160$84$60
47 years$897$513$281$148$76$54
48 years$868$490$264$137$69$49
49 years$840$468$248$126$63$44
50 years$814$447$233$117$57$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $834,000, adding $6,287 every year, while hoping to spend $32,185 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: 38/50/12 Blend
79$834,000$834,000$834,000$834,000
80$925,553$881,351$868,424$957,119
81$985,715$890,293$863,272$989,103
82$1,050,934$898,594$856,868$1,020,047
83$1,121,694$906,189$849,137$1,052,778
84$1,198,523$913,008$839,999$1,087,472
85$1,282,005$918,978$829,372$1,124,323
86$1,372,780$924,019$817,167$1,163,549
87$1,471,555$928,048$803,294$1,205,389
88$1,579,106$930,974$787,656$1,250,110
89$1,696,287$932,704$770,155$1,298,008
90$1,824,038$933,136$750,684$1,349,410
91$1,963,393$932,163$729,136$1,404,679
92$2,115,492$929,672$705,394$1,464,220
93$2,281,588$925,541$679,340$1,528,479
94$2,463,060$919,643$650,849$1,597,950
95$2,661,428$911,841$619,788$1,673,183
96$2,878,364$901,992$586,021$1,754,786
97$3,115,710$889,943$549,406$1,843,431
98$3,375,494$875,531$509,792$1,939,866
99$3,659,948$858,586$467,024$2,044,915
100$3,971,531$838,925$420,938$2,159,492