Can I retire at age 78 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$99,921$99,031$98,162$97,315$96,487$95,879
2 years$49,466$48,544$47,652$46,786$45,946$45,333
3 years$32,650$31,724$30,834$29,976$29,150$28,551
4 years$24,243$23,321$22,439$21,596$20,790$20,209
5 years$19,201$18,284$17,414$16,588$15,804$15,243
6 years$15,840$14,930$14,073$13,265$12,505$11,965
7 years$13,441$12,538$11,695$10,906$10,170$9,651
8 years$11,642$10,748$9,918$9,149$8,437$7,939
9 years$10,243$9,358$8,542$7,793$7,105$6,628
10 years$9,125$8,248$7,447$6,718$6,054$5,597
11 years$8,211$7,343$6,557$5,846$5,207$4,770
12 years$7,450$6,591$5,819$5,128$4,512$4,095
13 years$6,806$5,956$5,199$4,527$3,935$3,537
14 years$6,255$5,414$4,671$4,019$3,449$3,071
15 years$5,778$4,946$4,217$3,584$3,037$2,677
16 years$5,361$4,538$3,824$3,209$2,684$2,343
17 years$4,993$4,179$3,479$2,883$2,380$2,056
18 years$4,667$3,862$3,176$2,599$2,116$1,809
19 years$4,375$3,579$2,908$2,348$1,886$1,595
20 years$4,112$3,326$2,668$2,127$1,685$1,410
21 years$3,875$3,098$2,455$1,930$1,508$1,248
22 years$3,660$2,892$2,262$1,755$1,351$1,106
23 years$3,464$2,704$2,089$1,598$1,213$982
24 years$3,285$2,534$1,932$1,458$1,090$873
25 years$3,120$2,378$1,789$1,331$981$776
26 years$2,968$2,235$1,659$1,217$884$691
27 years$2,827$2,103$1,541$1,114$797$616
28 years$2,697$1,982$1,432$1,021$719$549
29 years$2,576$1,870$1,333$936$649$490
30 years$2,463$1,766$1,242$859$587$438
31 years$2,358$1,669$1,158$789$530$391
32 years$2,259$1,579$1,080$725$480$349
33 years$2,167$1,496$1,008$667$434$312
34 years$2,080$1,418$942$613$393$279
35 years$1,999$1,345$881$565$356$250
36 years$1,922$1,276$824$520$323$223
37 years$1,849$1,212$771$479$292$200
38 years$1,781$1,152$722$442$265$179
39 years$1,716$1,095$677$407$240$160
40 years$1,654$1,042$634$376$218$144
41 years$1,596$992$595$347$198$129
42 years$1,541$945$558$320$179$115
43 years$1,488$900$524$295$163$103
44 years$1,438$858$491$273$148$92
45 years$1,390$818$461$252$134$83
46 years$1,344$781$433$233$122$74
47 years$1,301$745$407$215$111$67
48 years$1,259$711$383$199$100$60
49 years$1,219$679$360$183$91$53
50 years$1,181$649$338$170$83$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,210,000, adding $3,262 every year, while hoping to spend $22,530 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: 57/27/16 Blend
77$1,210,000$1,210,000$1,210,000$1,210,000
78$1,336,785$1,272,655$1,253,900$1,407,229
79$1,449,165$1,311,043$1,271,934$1,493,772
80$1,572,253$1,350,557$1,289,817$1,585,295
81$1,707,117$1,391,229$1,307,520$1,684,515
82$1,854,934$1,433,090$1,325,012$1,792,175
83$2,016,999$1,476,173$1,342,262$1,909,093
84$2,194,740$1,520,513$1,359,235$2,036,170
85$2,389,729$1,566,144$1,375,895$2,174,397
86$2,603,698$1,613,101$1,392,204$2,324,865
87$2,838,552$1,661,420$1,408,120$2,488,777
88$3,096,395$1,711,140$1,423,602$2,667,454
89$3,379,539$1,762,298$1,438,605$2,862,355
90$3,690,534$1,814,932$1,453,080$3,075,084
91$4,032,188$1,869,084$1,466,978$3,307,407
92$4,407,596$1,924,793$1,480,246$3,561,273
93$4,820,165$1,982,102$1,492,829$3,838,823
94$5,273,650$2,041,054$1,504,667$4,142,419
95$5,772,189$2,101,692$1,515,700$4,474,662
96$6,320,338$2,164,061$1,525,861$4,838,417
97$6,923,119$2,228,206$1,535,084$5,236,839
98$7,586,064$2,294,175$1,543,297$5,673,405
99$8,315,268$2,362,016$1,550,423$6,151,944
100$9,117,447$2,431,776$1,556,384$6,676,677