Can I retire at age 78 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$95,792$94,938$94,106$93,293$92,500$92,033
2 years$47,422$46,538$45,683$44,853$44,048$43,576
3 years$31,300$30,413$29,560$28,738$27,946$27,484
4 years$23,241$22,357$21,512$20,704$19,931$19,484
5 years$18,407$17,528$16,694$15,902$15,151$14,719
6 years$15,185$14,313$13,491$12,717$11,989$11,572
7 years$12,885$12,020$11,211$10,456$9,750$9,349
8 years$11,161$10,303$9,508$8,771$8,089$7,704
9 years$9,820$8,971$8,189$7,471$6,812$6,443
10 years$8,748$7,908$7,140$6,440$5,804$5,451
11 years$7,872$7,040$6,286$5,605$4,992$4,654
12 years$7,142$6,318$5,578$4,916$4,326$4,003
13 years$6,525$5,710$4,984$4,340$3,772$3,464
14 years$5,997$5,190$4,478$3,853$3,307$3,014
15 years$5,539$4,741$4,043$3,436$2,911$2,633
16 years$5,139$4,350$3,666$3,077$2,573$2,308
17 years$4,787$4,006$3,336$2,764$2,281$2,030
18 years$4,474$3,702$3,045$2,491$2,029$1,790
19 years$4,194$3,431$2,788$2,251$1,808$1,582
20 years$3,942$3,188$2,558$2,039$1,615$1,401
21 years$3,715$2,970$2,353$1,850$1,445$1,243
22 years$3,509$2,772$2,169$1,682$1,295$1,104
23 years$3,321$2,593$2,002$1,532$1,163$982
24 years$3,149$2,429$1,852$1,397$1,045$875
25 years$2,991$2,280$1,715$1,276$941$780
26 years$2,845$2,143$1,591$1,167$847$696
27 years$2,710$2,016$1,477$1,068$764$622
28 years$2,585$1,900$1,373$979$689$556
29 years$2,469$1,792$1,278$897$622$497
30 years$2,361$1,693$1,190$824$562$445
31 years$2,260$1,600$1,110$756$508$398
32 years$2,166$1,514$1,035$695$460$357
33 years$2,077$1,434$967$639$416$320
34 years$1,994$1,359$903$588$377$287
35 years$1,916$1,289$844$541$341$257
36 years$1,842$1,223$790$499$309$231
37 years$1,773$1,162$739$459$280$207
38 years$1,707$1,104$692$423$254$186
39 years$1,645$1,050$649$390$230$167
40 years$1,586$999$608$360$209$150
41 years$1,530$951$570$332$190$134
42 years$1,477$906$535$307$172$121
43 years$1,426$863$502$283$156$108
44 years$1,378$823$471$261$142$97
45 years$1,332$784$442$241$129$88
46 years$1,289$748$415$223$117$79
47 years$1,247$714$390$206$106$71
48 years$1,207$682$367$190$96$64
49 years$1,169$651$345$176$87$57
50 years$1,133$622$324$163$79$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,160,000, adding $4,636 every year, while hoping to spend $50,398 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: 85/9/6 Blend
77$1,160,000$1,160,000$1,160,000$1,160,000
78$1,283,102$1,221,622$1,203,642$1,391,408
79$1,360,355$1,227,858$1,190,341$1,468,973
80$1,443,799$1,232,711$1,174,905$1,546,794
81$1,534,012$1,236,060$1,157,210$1,630,677
82$1,631,630$1,237,775$1,137,125$1,721,199
83$1,737,351$1,237,720$1,114,513$1,818,993
84$1,851,942$1,235,751$1,089,231$1,924,756
85$1,976,250$1,231,712$1,061,130$2,039,255
86$2,111,203$1,225,441$1,030,053$2,163,335
87$2,257,822$1,216,764$995,836$2,297,928
88$2,417,232$1,205,497$958,309$2,444,058
89$2,590,668$1,191,445$917,291$2,602,853
90$2,779,491$1,174,401$872,595$2,775,558
91$2,985,199$1,154,147$824,027$2,963,542
92$3,209,438$1,130,449$771,380$3,168,313
93$3,454,022$1,103,061$714,442$3,391,533
94$3,720,945$1,071,725$652,989$3,635,034
95$4,012,405$1,036,163$586,788$3,900,832
96$4,330,820$996,084$515,595$4,191,151
97$4,678,851$951,180$439,155$4,508,439
98$5,059,429$901,123$357,202$4,855,394
99$5,475,781$845,568$269,458$5,234,988
100$5,931,461$784,151$175,635$5,650,499