Can I retire at age 78 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$96,618$95,757$94,917$94,098$93,297$90,748
2 years$47,830$46,940$46,076$45,239$44,427$41,877
3 years$31,570$30,676$29,814$28,985$28,187$25,716
4 years$23,442$22,550$21,697$20,882$20,103$17,730
5 years$18,566$17,679$16,838$16,040$15,282$13,014
6 years$15,316$14,436$13,608$12,827$12,092$9,931
7 years$12,996$12,124$11,308$10,546$9,834$7,781
8 years$11,257$10,392$9,590$8,847$8,158$6,211
9 years$9,905$9,048$8,260$7,535$6,870$5,027
10 years$8,824$7,976$7,201$6,496$5,854$4,113
11 years$7,940$7,100$6,340$5,653$5,035$3,392
12 years$7,204$6,373$5,626$4,958$4,363$2,817
13 years$6,581$5,759$5,027$4,378$3,805$2,351
14 years$6,048$5,235$4,517$3,886$3,335$1,971
15 years$5,587$4,782$4,078$3,466$2,936$1,658
16 years$5,184$4,388$3,697$3,103$2,595$1,399
17 years$4,828$4,041$3,364$2,788$2,301$1,183
18 years$4,512$3,734$3,071$2,513$2,046$1,003
19 years$4,230$3,461$2,812$2,270$1,824$851
20 years$3,976$3,216$2,580$2,056$1,629$723
21 years$3,747$2,995$2,373$1,866$1,458$616
22 years$3,539$2,796$2,187$1,697$1,307$525
23 years$3,350$2,615$2,020$1,545$1,173$447
24 years$3,176$2,450$1,868$1,409$1,054$382
25 years$3,016$2,299$1,730$1,287$949$326
26 years$2,869$2,161$1,605$1,177$855$278
27 years$2,734$2,034$1,490$1,077$770$238
28 years$2,608$1,916$1,385$987$695$203
29 years$2,491$1,808$1,289$905$628$174
30 years$2,382$1,707$1,201$831$567$149
31 years$2,280$1,614$1,119$763$513$127
32 years$2,185$1,527$1,044$701$464$109
33 years$2,095$1,446$975$645$420$93
34 years$2,011$1,371$911$593$380$80
35 years$1,933$1,300$852$546$344$68
36 years$1,858$1,234$797$503$312$59
37 years$1,788$1,172$746$463$283$50
38 years$1,722$1,114$698$427$256$43
39 years$1,659$1,059$654$394$232$37
40 years$1,600$1,008$613$363$211$32
41 years$1,543$959$575$335$191$27
42 years$1,490$914$539$309$174$23
43 years$1,439$870$506$286$157$20
44 years$1,390$830$475$264$143$17
45 years$1,344$791$446$243$130$15
46 years$1,300$755$419$225$118$12
47 years$1,258$720$394$208$107$11
48 years$1,218$688$370$192$97$9
49 years$1,179$657$348$177$88$8
50 years$1,142$627$327$164$80$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,170,000, adding $2,411 every year, while hoping to spend $34,104 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: 71/12/17 Blend
77$1,170,000$1,170,000$1,170,000$1,170,000
78$1,291,827$1,229,817$1,211,682$1,378,238
79$1,387,307$1,253,792$1,215,987$1,459,975
80$1,491,383$1,277,798$1,219,293$1,545,105
81$1,604,895$1,301,802$1,221,531$1,637,433
82$1,728,770$1,325,765$1,222,628$1,737,666
83$1,864,026$1,349,649$1,222,507$1,846,583
84$2,011,783$1,373,408$1,221,087$1,965,042
85$2,173,277$1,396,998$1,218,286$2,093,988
86$2,349,867$1,420,366$1,214,014$2,234,462
87$2,543,048$1,443,459$1,208,179$2,387,612
88$2,754,470$1,466,219$1,200,683$2,554,703
89$2,985,945$1,488,583$1,191,425$2,737,129
90$3,239,472$1,510,484$1,180,299$2,936,427
91$3,517,251$1,531,851$1,167,191$3,154,289
92$3,821,705$1,552,606$1,151,987$3,392,580
93$4,155,503$1,572,667$1,134,562$3,653,358
94$4,521,584$1,591,947$1,114,789$3,938,888
95$4,923,184$1,610,352$1,092,534$4,251,668
96$5,363,871$1,627,781$1,067,656$4,594,451
97$5,847,571$1,644,128$1,040,008$4,970,270
98$6,378,611$1,659,278$1,009,436$5,382,470
99$6,961,757$1,673,110$975,779$5,834,736
100$7,602,258$1,685,494$938,870$6,331,129