Can I retire at age 80 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$73,908$73,250$72,608$71,981$71,369$69,139
2 years$36,588$35,907$35,246$34,606$33,985$31,759
3 years$24,150$23,466$22,807$22,172$21,561$19,408
4 years$17,932$17,250$16,597$15,974$15,378$13,314
5 years$14,202$13,524$12,880$12,270$11,690$9,722
6 years$11,716$11,043$10,409$9,812$9,250$7,378
7 years$9,942$9,274$8,650$8,067$7,523$5,748
8 years$8,611$7,950$7,336$6,767$6,241$4,561
9 years$7,577$6,922$6,318$5,764$5,256$3,669
10 years$6,750$6,101$5,509$4,969$4,478$2,983
11 years$6,074$5,431$4,850$4,324$3,851$2,445
12 years$5,511$4,875$4,304$3,793$3,337$2,017
13 years$5,035$4,406$3,845$3,349$2,910$1,672
14 years$4,627$4,004$3,455$2,973$2,551$1,392
15 years$4,274$3,658$3,119$2,651$2,246$1,163
16 years$3,965$3,356$2,828$2,374$1,985$974
17 years$3,693$3,091$2,574$2,133$1,760$818
18 years$3,452$2,856$2,349$1,922$1,565$688
19 years$3,236$2,647$2,151$1,737$1,395$579
20 years$3,042$2,460$1,974$1,573$1,246$489
21 years$2,867$2,291$1,816$1,428$1,115$413
22 years$2,707$2,139$1,673$1,298$1,000$349
23 years$2,562$2,000$1,545$1,182$897$295
24 years$2,429$1,874$1,429$1,078$806$250
25 years$2,307$1,759$1,323$985$726$212
26 years$2,195$1,653$1,227$900$654$179
27 years$2,091$1,556$1,140$824$589$152
28 years$1,995$1,466$1,060$755$532$129
29 years$1,905$1,383$986$692$480$109
30 years$1,822$1,306$918$635$434$93
31 years$1,744$1,235$856$584$392$79
32 years$1,671$1,168$799$536$355$67
33 years$1,603$1,106$746$493$321$57
34 years$1,539$1,049$697$454$291$48
35 years$1,478$995$652$418$263$41
36 years$1,421$944$610$385$239$35
37 years$1,368$897$571$354$216$30
38 years$1,317$852$534$327$196$25
39 years$1,269$810$501$301$178$21
40 years$1,224$771$469$278$161$18
41 years$1,180$734$440$256$146$15
42 years$1,139$699$413$237$133$13
43 years$1,100$666$387$218$120$11
44 years$1,063$635$363$202$109$9
45 years$1,028$605$341$186$99$8
46 years$994$577$321$172$90$7
47 years$962$551$301$159$82$6
48 years$931$526$283$147$74$5
49 years$902$502$266$136$68$4
50 years$874$480$250$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $895,000, adding $3,595 every year, while hoping to spend $32,755 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: 33/37/30 Blend
79$895,000$895,000$895,000$895,000
80$989,998$942,563$928,691$1,013,571
81$1,056,127$953,898$924,951$1,043,244
82$1,127,903$964,690$919,988$1,072,064
83$1,205,868$974,878$913,726$1,102,499
84$1,290,617$984,398$906,087$1,134,718
85$1,382,806$993,179$896,986$1,168,904
86$1,483,155$1,001,148$886,338$1,205,266
87$1,592,458$1,008,226$874,052$1,244,032
88$1,711,587$1,014,327$860,031$1,285,457
89$1,841,504$1,019,364$844,177$1,329,826
90$1,983,265$1,023,241$826,385$1,377,454
91$2,138,035$1,025,856$806,545$1,428,691
92$2,307,094$1,027,103$784,544$1,483,926
93$2,491,853$1,026,866$760,262$1,543,591
94$2,693,864$1,025,025$733,573$1,608,163
95$2,914,838$1,021,451$704,347$1,678,176
96$3,156,657$1,016,007$672,448$1,754,217
97$3,421,392$1,008,548$637,732$1,836,940
98$3,711,328$998,920$600,049$1,927,069
99$4,028,977$986,961$559,245$2,025,407
100$4,377,108$972,498$515,154$2,132,843