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%11.8%
1 years$106,527$105,578$104,652$103,749$102,866$102,090
2 years$52,736$51,754$50,802$49,879$48,984$48,201
3 years$34,808$33,822$32,872$31,958$31,077$30,312
4 years$25,846$24,863$23,923$23,024$22,165$21,423
5 years$20,470$19,493$18,565$17,685$16,849$16,134
6 years$16,887$15,917$15,003$14,143$13,332$12,644
7 years$14,329$13,367$12,468$11,627$10,843$10,181
8 years$12,411$11,458$10,574$9,754$8,995$8,361
9 years$10,921$9,976$9,107$8,308$7,575$6,968
10 years$9,729$8,794$7,940$7,162$6,454$5,874
11 years$8,754$7,829$6,990$6,233$5,551$4,997
12 years$7,943$7,026$6,203$5,467$4,810$4,282
13 years$7,256$6,350$5,542$4,827$4,195$3,692
14 years$6,669$5,772$4,980$4,284$3,677$3,198
15 years$6,160$5,273$4,496$3,821$3,238$2,783
16 years$5,715$4,838$4,076$3,421$2,861$2,430
17 years$5,323$4,455$3,709$3,074$2,537$2,128
18 years$4,975$4,117$3,386$2,770$2,256$1,869
19 years$4,664$3,815$3,100$2,503$2,011$1,645
20 years$4,384$3,545$2,845$2,267$1,796$1,450
21 years$4,132$3,302$2,617$2,058$1,607$1,281
22 years$3,902$3,083$2,412$1,871$1,441$1,133
23 years$3,693$2,883$2,227$1,704$1,293$1,003
24 years$3,502$2,701$2,059$1,554$1,162$890
25 years$3,326$2,535$1,907$1,419$1,046$790
26 years$3,164$2,383$1,769$1,298$942$701
27 years$3,014$2,242$1,643$1,188$849$624
28 years$2,875$2,113$1,527$1,088$766$555
29 years$2,746$1,993$1,421$998$692$494
30 years$2,626$1,882$1,324$916$625$440
31 years$2,514$1,780$1,234$841$565$392
32 years$2,409$1,684$1,151$773$511$349
33 years$2,310$1,595$1,075$711$463$311
34 years$2,218$1,511$1,004$654$419$278
35 years$2,131$1,433$939$602$380$248
36 years$2,049$1,361$879$555$344$221
37 years$1,971$1,292$822$511$312$198
38 years$1,898$1,228$770$471$283$176
39 years$1,829$1,168$721$434$256$157
40 years$1,764$1,111$676$400$232$141
41 years$1,701$1,058$634$370$211$126
42 years$1,642$1,007$595$341$191$112
43 years$1,586$960$558$315$174$100
44 years$1,533$915$524$291$158$90
45 years$1,482$872$492$268$143$80
46 years$1,433$832$462$248$130$72
47 years$1,387$794$434$229$118$64
48 years$1,342$758$408$212$107$57
49 years$1,300$724$383$196$97$51
50 years$1,259$692$360$181$88$46

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 $3,084 every year, while hoping to spend $52,027 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: 48/35/17 Blend
77$1,290,000$1,290,000$1,290,000$1,290,000
78$1,424,761$1,356,391$1,336,396$1,486,210
79$1,514,730$1,367,498$1,325,809$1,540,222
80$1,612,133$1,377,405$1,313,124$1,593,278
81$1,717,672$1,386,000$1,298,215$1,649,768
82$1,832,120$1,393,159$1,280,951$1,710,036
83$1,956,329$1,398,757$1,261,195$1,774,459
84$2,091,233$1,402,654$1,238,803$1,843,456
85$2,237,860$1,404,706$1,213,625$1,917,492
86$2,397,344$1,404,758$1,185,503$1,997,081
87$2,570,928$1,402,646$1,154,273$2,082,794
88$2,759,983$1,398,196$1,119,761$2,175,259
89$2,966,016$1,391,223$1,081,788$2,275,176
90$3,190,687$1,381,530$1,040,165$2,383,318
91$3,435,822$1,368,910$994,696$2,500,538
92$3,703,431$1,353,142$945,173$2,627,784
93$3,995,726$1,333,991$891,381$2,766,101
94$4,315,143$1,311,210$833,096$2,916,649
95$4,664,365$1,284,536$770,082$3,080,708
96$5,046,343$1,253,691$702,092$3,259,694
97$5,464,328$1,218,380$628,870$3,455,175
98$5,921,900$1,178,291$550,148$3,668,882
99$6,423,002$1,133,095$465,646$3,902,730
100$6,971,973$1,082,442$375,071$4,158,836