Can I retire at age 78 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$97,443$96,575$95,728$94,902$94,095$93,541
2 years$48,239$47,341$46,470$45,626$44,807$44,248
3 years$31,840$30,938$30,069$29,233$28,427$27,881
4 years$23,642$22,743$21,883$21,061$20,275$19,745
5 years$18,725$17,830$16,982$16,177$15,413$14,901
6 years$15,447$14,560$13,724$12,937$12,195$11,703
7 years$13,107$12,227$11,405$10,636$9,918$9,444
8 years$11,353$10,481$9,672$8,922$8,228$7,773
9 years$9,989$9,126$8,331$7,600$6,929$6,494
10 years$8,899$8,044$7,263$6,551$5,904$5,487
11 years$8,008$7,161$6,394$5,701$5,078$4,679
12 years$7,265$6,427$5,675$5,001$4,400$4,020
13 years$6,638$5,808$5,070$4,415$3,837$3,474
14 years$6,100$5,280$4,555$3,919$3,364$3,018
15 years$5,635$4,823$4,113$3,495$2,962$2,633
16 years$5,228$4,425$3,729$3,130$2,617$2,305
17 years$4,869$4,075$3,393$2,812$2,321$2,025
18 years$4,551$3,766$3,097$2,534$2,064$1,783
19 years$4,266$3,490$2,836$2,290$1,839$1,573
20 years$4,010$3,243$2,602$2,074$1,643$1,391
21 years$3,779$3,021$2,394$1,882$1,470$1,233
22 years$3,569$2,820$2,206$1,711$1,318$1,094
23 years$3,378$2,637$2,037$1,558$1,183$971
24 years$3,203$2,471$1,884$1,421$1,063$864
25 years$3,042$2,319$1,745$1,298$957$769
26 years$2,894$2,179$1,618$1,187$862$685
27 years$2,757$2,051$1,503$1,086$777$611
28 years$2,630$1,933$1,397$995$701$545
29 years$2,512$1,823$1,300$913$633$487
30 years$2,402$1,722$1,211$838$572$435
31 years$2,299$1,628$1,129$769$517$389
32 years$2,203$1,540$1,053$707$468$348
33 years$2,113$1,459$983$650$423$311
34 years$2,029$1,382$919$598$383$279
35 years$1,949$1,311$859$551$347$249
36 years$1,874$1,245$804$507$315$223
37 years$1,803$1,182$752$467$285$200
38 years$1,736$1,123$704$431$258$179
39 years$1,673$1,068$660$397$234$161
40 years$1,613$1,016$619$366$213$144
41 years$1,556$967$580$338$193$129
42 years$1,502$921$544$312$175$116
43 years$1,451$878$511$288$159$104
44 years$1,402$837$479$266$144$93
45 years$1,355$798$450$246$131$83
46 years$1,311$761$423$227$119$75
47 years$1,269$726$397$210$108$67
48 years$1,228$693$373$194$98$60
49 years$1,189$662$351$179$89$54
50 years$1,152$633$330$165$81$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,180,000, adding $5,515 every year, while hoping to spend $23,559 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: 35/50/15 Blend
77$1,180,000$1,180,000$1,180,000$1,180,000
78$1,306,049$1,243,509$1,225,219$1,345,532
79$1,414,199$1,279,374$1,241,197$1,410,540
80$1,532,591$1,316,207$1,256,921$1,478,012
81$1,662,245$1,354,031$1,272,357$1,550,304
82$1,804,283$1,392,867$1,287,470$1,627,855
83$1,959,943$1,432,741$1,302,223$1,711,150
84$2,130,585$1,473,674$1,316,576$1,800,720
85$2,317,712$1,515,690$1,330,488$1,897,149
86$2,522,974$1,558,815$1,343,915$2,001,081
87$2,748,192$1,603,071$1,356,811$2,113,223
88$2,995,370$1,648,484$1,369,127$2,234,354
89$3,266,717$1,695,079$1,380,811$2,365,331
90$3,564,664$1,742,880$1,391,811$2,507,096
91$3,891,891$1,791,912$1,402,068$2,660,688
92$4,251,350$1,842,202$1,411,523$2,827,249
93$4,646,291$1,893,774$1,420,113$3,008,036
94$5,080,298$1,946,654$1,427,772$3,204,435
95$5,557,317$2,000,868$1,434,430$3,417,970
96$6,081,694$2,056,441$1,440,014$3,650,321
97$6,658,220$2,113,400$1,444,448$3,903,337
98$7,292,172$2,171,770$1,447,650$4,179,053
99$7,989,363$2,231,577$1,449,537$4,479,714
100$8,756,200$2,292,846$1,450,018$4,807,789