Can I retire at age 78 with 1,290,000?

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 $1,290,000?

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$106,527$105,578$104,652$103,749$102,866$101,455
2 years$52,736$51,754$50,802$49,879$48,984$47,564
3 years$34,808$33,822$32,872$31,958$31,077$29,694
4 years$25,846$24,863$23,923$23,024$22,165$20,828
5 years$20,470$19,493$18,565$17,685$16,849$15,563
6 years$16,887$15,917$15,003$14,143$13,332$12,098
7 years$14,329$13,367$12,468$11,627$10,843$9,661
8 years$12,411$11,458$10,574$9,754$8,995$7,866
9 years$10,921$9,976$9,107$8,308$7,575$6,498
10 years$9,729$8,794$7,940$7,162$6,454$5,428
11 years$8,754$7,829$6,990$6,233$5,551$4,575
12 years$7,943$7,026$6,203$5,467$4,810$3,883
13 years$7,256$6,350$5,542$4,827$4,195$3,316
14 years$6,669$5,772$4,980$4,284$3,677$2,844
15 years$6,160$5,273$4,496$3,821$3,238$2,450
16 years$5,715$4,838$4,076$3,421$2,861$2,117
17 years$5,323$4,455$3,709$3,074$2,537$1,835
18 years$4,975$4,117$3,386$2,770$2,256$1,594
19 years$4,664$3,815$3,100$2,503$2,011$1,388
20 years$4,384$3,545$2,845$2,267$1,796$1,210
21 years$4,132$3,302$2,617$2,058$1,607$1,057
22 years$3,902$3,083$2,412$1,871$1,441$924
23 years$3,693$2,883$2,227$1,704$1,293$809
24 years$3,502$2,701$2,059$1,554$1,162$709
25 years$3,326$2,535$1,907$1,419$1,046$622
26 years$3,164$2,383$1,769$1,298$942$546
27 years$3,014$2,242$1,643$1,188$849$480
28 years$2,875$2,113$1,527$1,088$766$422
29 years$2,746$1,993$1,421$998$692$371
30 years$2,626$1,882$1,324$916$625$326
31 years$2,514$1,780$1,234$841$565$287
32 years$2,409$1,684$1,151$773$511$253
33 years$2,310$1,595$1,075$711$463$223
34 years$2,218$1,511$1,004$654$419$196
35 years$2,131$1,433$939$602$380$173
36 years$2,049$1,361$879$555$344$152
37 years$1,971$1,292$822$511$312$134
38 years$1,898$1,228$770$471$283$118
39 years$1,829$1,168$721$434$256$104
40 years$1,764$1,111$676$400$232$92
41 years$1,701$1,058$634$370$211$81
42 years$1,642$1,007$595$341$191$72
43 years$1,586$960$558$315$174$63
44 years$1,533$915$524$291$158$56
45 years$1,482$872$492$268$143$49
46 years$1,433$832$462$248$130$43
47 years$1,387$794$434$229$118$38
48 years$1,342$758$408$212$107$34
49 years$1,300$724$383$196$97$30
50 years$1,259$692$360$181$88$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,290,000, adding $5,369 every year, while hoping to spend $32,627 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: 29/46/25 Blend
77$1,290,000$1,290,000$1,290,000$1,290,000
78$1,427,118$1,358,748$1,338,753$1,457,294
79$1,537,969$1,390,612$1,348,886$1,513,149
80$1,659,034$1,422,943$1,358,266$1,569,929
81$1,791,319$1,455,731$1,366,831$1,630,308
82$1,935,934$1,488,962$1,374,520$1,694,616
83$2,094,099$1,522,622$1,381,267$1,763,220
84$2,267,159$1,556,692$1,387,001$1,836,524
85$2,456,594$1,591,155$1,391,651$1,914,972
86$2,664,035$1,625,990$1,395,139$1,999,056
87$2,891,276$1,661,172$1,397,386$2,089,317
88$3,140,293$1,696,678$1,398,306$2,186,353
89$3,413,266$1,732,477$1,397,811$2,290,824
90$3,712,590$1,768,539$1,395,809$2,403,457
91$4,040,907$1,804,831$1,392,202$2,525,053
92$4,401,126$1,841,314$1,386,887$2,656,499
93$4,796,451$1,877,948$1,379,757$2,798,772
94$5,230,410$1,914,689$1,370,701$2,952,948
95$5,706,893$1,951,490$1,359,600$3,120,217
96$6,230,180$1,988,297$1,346,331$3,301,890
97$6,804,990$2,025,055$1,330,765$3,499,415
98$7,436,520$2,061,704$1,312,766$3,714,389
99$8,130,494$2,098,177$1,292,193$3,948,573
100$8,893,221$2,134,403$1,268,898$4,203,910