Can I retire at age 80 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$74,486$73,823$73,176$72,544$71,927$70,619
2 years$36,874$36,188$35,522$34,877$34,251$32,938
3 years$24,339$23,649$22,985$22,346$21,730$20,453
4 years$18,072$17,385$16,727$16,099$15,498$14,267
5 years$14,313$13,630$12,981$12,366$11,781$10,599
6 years$11,808$11,130$10,491$9,889$9,322$8,190
7 years$10,019$9,347$8,718$8,130$7,581$6,500
8 years$8,678$8,012$7,393$6,820$6,290$5,259
9 years$7,636$6,976$6,368$5,809$5,297$4,316
10 years$6,803$6,149$5,552$5,008$4,513$3,581
11 years$6,121$5,474$4,888$4,358$3,881$2,998
12 years$5,554$4,913$4,338$3,823$3,364$2,527
13 years$5,074$4,440$3,875$3,375$2,933$2,142
14 years$4,663$4,036$3,482$2,996$2,571$1,824
15 years$4,307$3,687$3,144$2,672$2,264$1,559
16 years$3,996$3,383$2,850$2,392$2,001$1,337
17 years$3,722$3,115$2,594$2,149$1,774$1,150
18 years$3,479$2,879$2,368$1,937$1,577$991
19 years$3,261$2,668$2,168$1,750$1,406$856
20 years$3,066$2,479$1,989$1,585$1,256$740
21 years$2,889$2,309$1,830$1,439$1,124$641
22 years$2,729$2,156$1,686$1,308$1,007$556
23 years$2,582$2,016$1,557$1,191$904$483
24 years$2,448$1,889$1,440$1,087$813$419
25 years$2,325$1,773$1,334$992$731$365
26 years$2,212$1,666$1,237$907$659$317
27 years$2,107$1,568$1,149$830$594$276
28 years$2,010$1,477$1,068$761$536$241
29 years$1,920$1,394$994$698$484$210
30 years$1,836$1,316$926$640$437$183
31 years$1,758$1,244$863$588$395$160
32 years$1,684$1,177$805$541$358$139
33 years$1,615$1,115$752$497$324$121
34 years$1,551$1,057$702$457$293$106
35 years$1,490$1,002$657$421$265$93
36 years$1,433$951$614$388$240$81
37 years$1,379$904$575$357$218$71
38 years$1,327$859$538$329$198$62
39 years$1,279$817$504$304$179$54
40 years$1,233$777$473$280$163$47
41 years$1,190$740$443$258$147$41
42 years$1,148$704$416$238$134$36
43 years$1,109$671$390$220$121$31
44 years$1,072$640$366$203$110$27
45 years$1,036$610$344$188$100$24
46 years$1,002$582$323$173$91$21
47 years$970$555$304$160$82$18
48 years$939$530$285$148$75$16
49 years$909$506$268$137$68$14
50 years$881$484$252$126$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $902,000, adding $5,050 every year, while hoping to spend $23,716 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: 29/43/28 Blend
79$902,000$902,000$902,000$902,000
80$999,213$951,407$937,426$1,019,439
81$1,075,899$972,792$943,596$1,057,206
82$1,159,612$994,431$949,178$1,095,382
83$1,251,044$1,016,309$954,127$1,135,953
84$1,350,957$1,038,414$958,396$1,179,140
85$1,460,188$1,060,730$961,936$1,225,190
86$1,579,661$1,083,240$964,695$1,274,377
87$1,710,392$1,105,924$966,617$1,327,000
88$1,853,500$1,128,762$967,647$1,383,392
89$2,010,217$1,151,732$967,724$1,443,918
90$2,181,901$1,174,809$966,784$1,508,983
91$2,370,046$1,197,965$964,763$1,579,034
92$2,576,298$1,221,173$961,589$1,654,563
93$2,802,469$1,244,399$957,192$1,736,114
94$3,050,557$1,267,611$951,493$1,824,288
95$3,322,760$1,290,770$944,415$1,919,748
96$3,621,501$1,313,837$935,872$2,023,226
97$3,949,447$1,336,768$925,777$2,135,530
98$4,309,539$1,359,518$914,038$2,257,551
99$4,705,013$1,382,036$900,560$2,390,274
100$5,139,437$1,404,268$885,241$2,534,786