Can I retire at age 78 with 1,090,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,090,000?

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$90,011$89,209$88,427$87,664$86,918$85,725
2 years$44,560$43,730$42,926$42,146$41,390$40,190
3 years$29,412$28,578$27,776$27,003$26,259$25,090
4 years$21,839$21,008$20,214$19,454$18,728$17,599
5 years$17,296$16,470$15,687$14,943$14,237$13,150
6 years$14,269$13,449$12,677$11,950$11,265$10,222
7 years$12,108$11,295$10,535$9,825$9,162$8,163
8 years$10,487$9,682$8,934$8,242$7,600$6,646
9 years$9,228$8,430$7,695$7,020$6,401$5,490
10 years$8,220$7,430$6,709$6,051$5,454$4,587
11 years$7,397$6,615$5,906$5,267$4,690$3,866
12 years$6,711$5,937$5,242$4,619$4,065$3,281
13 years$6,131$5,365$4,683$4,078$3,544$2,802
14 years$5,635$4,877$4,208$3,620$3,107$2,403
15 years$5,205$4,455$3,799$3,229$2,736$2,070
16 years$4,829$4,088$3,444$2,891$2,418$1,789
17 years$4,498$3,765$3,134$2,597$2,144$1,550
18 years$4,204$3,479$2,861$2,341$1,906$1,347
19 years$3,941$3,224$2,619$2,115$1,699$1,172
20 years$3,705$2,996$2,404$1,916$1,518$1,022
21 years$3,491$2,790$2,211$1,739$1,358$893
22 years$3,297$2,605$2,038$1,581$1,217$781
23 years$3,121$2,436$1,882$1,440$1,093$684
24 years$2,959$2,283$1,740$1,313$982$599
25 years$2,810$2,142$1,612$1,199$884$526
26 years$2,673$2,013$1,495$1,096$796$462
27 years$2,547$1,895$1,388$1,004$718$405
28 years$2,429$1,785$1,290$919$648$356
29 years$2,320$1,684$1,201$843$585$313
30 years$2,219$1,591$1,119$774$528$276
31 years$2,124$1,504$1,043$711$478$243
32 years$2,035$1,423$973$653$432$214
33 years$1,952$1,347$908$601$391$188
34 years$1,874$1,277$849$553$354$166
35 years$1,800$1,211$794$509$321$146
36 years$1,731$1,150$742$469$291$129
37 years$1,666$1,092$695$432$263$113
38 years$1,604$1,038$651$398$239$100
39 years$1,546$987$610$367$217$88
40 years$1,490$939$571$338$196$78
41 years$1,438$894$536$312$178$69
42 years$1,388$851$503$288$162$60
43 years$1,340$811$472$266$147$53
44 years$1,295$773$443$246$133$47
45 years$1,252$737$416$227$121$42
46 years$1,211$703$390$210$110$37
47 years$1,172$671$367$194$100$32
48 years$1,134$641$345$179$91$29
49 years$1,098$612$324$165$82$25
50 years$1,064$584$305$153$75$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,090,000, adding $3,747 every year, while hoping to spend $32,836 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: 48/25/27 Blend
77$1,090,000$1,090,000$1,090,000$1,090,000
78$1,205,045$1,147,275$1,130,380$1,253,449
79$1,293,022$1,168,554$1,133,311$1,309,110
80$1,388,873$1,189,776$1,135,239$1,365,991
81$1,493,365$1,210,902$1,136,096$1,427,123
82$1,607,344$1,231,892$1,135,811$1,492,921
83$1,731,742$1,252,703$1,134,309$1,563,845
84$1,867,582$1,273,288$1,131,511$1,640,404
85$2,015,992$1,293,596$1,127,334$1,723,158
86$2,178,215$1,313,574$1,121,691$1,812,725
87$2,355,617$1,333,163$1,114,492$1,909,789
88$2,549,704$1,352,302$1,105,642$2,015,101
89$2,762,133$1,370,924$1,095,040$2,129,495
90$2,994,729$1,388,958$1,082,582$2,253,887
91$3,249,501$1,406,327$1,068,159$2,389,291
92$3,528,664$1,422,950$1,051,655$2,536,824
93$3,834,655$1,438,742$1,032,953$2,697,718
94$4,170,157$1,453,608$1,011,924$2,873,336
95$4,538,128$1,467,450$988,439$3,065,177
96$4,941,825$1,480,162$962,359$3,274,900
97$5,384,834$1,491,633$933,541$3,504,332
98$5,871,107$1,501,743$901,835$3,755,490
99$6,404,996$1,510,364$867,082$4,030,599
100$6,991,295$1,517,362$829,119$4,332,113