Can I retire at age 78 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$115,611$114,581$113,576$112,596$111,638$108,325
2 years$57,233$56,167$55,134$54,132$53,161$49,850
3 years$37,776$36,706$35,675$34,683$33,727$30,523
4 years$28,050$26,983$25,963$24,987$24,055$20,981
5 years$22,216$21,155$20,148$19,193$18,286$15,352
6 years$18,327$17,274$16,283$15,349$14,469$11,677
7 years$15,551$14,507$13,531$12,619$11,767$9,117
8 years$13,470$12,435$11,475$10,586$9,762$7,252
9 years$11,852$10,827$9,884$9,017$8,221$5,849
10 years$10,558$9,544$8,617$7,772$7,005$4,767
11 years$9,501$8,496$7,586$6,764$6,024$3,917
12 years$8,620$7,626$6,732$5,933$5,221$3,239
13 years$7,875$6,891$6,015$5,238$4,552$2,693
14 years$7,237$6,264$5,405$4,650$3,991$2,248
15 years$6,685$5,722$4,880$4,147$3,514$1,883
16 years$6,203$5,250$4,424$3,713$3,105$1,582
17 years$5,777$4,835$4,026$3,336$2,753$1,332
18 years$5,399$4,468$3,675$3,007$2,448$1,124
19 years$5,062$4,141$3,364$2,717$2,182$950
20 years$4,758$3,848$3,088$2,460$1,949$804
21 years$4,484$3,584$2,840$2,233$1,744$681
22 years$4,235$3,346$2,617$2,030$1,563$577
23 years$4,008$3,129$2,417$1,849$1,403$490
24 years$3,800$2,932$2,235$1,686$1,261$416
25 years$3,609$2,751$2,070$1,540$1,135$354
26 years$3,434$2,586$1,920$1,408$1,022$301
27 years$3,271$2,434$1,783$1,289$922$256
28 years$3,120$2,293$1,657$1,181$832$217
29 years$2,980$2,163$1,542$1,083$751$185
30 years$2,850$2,043$1,437$994$679$158
31 years$2,728$1,931$1,339$913$614$134
32 years$2,614$1,827$1,250$839$555$114
33 years$2,507$1,731$1,167$771$502$97
34 years$2,407$1,640$1,090$710$455$83
35 years$2,312$1,556$1,019$653$412$71
36 years$2,224$1,477$953$602$373$60
37 years$2,140$1,402$892$554$338$51
38 years$2,060$1,333$836$511$307$44
39 years$1,985$1,267$783$471$278$37
40 years$1,914$1,206$734$435$252$32
41 years$1,847$1,148$688$401$229$27
42 years$1,782$1,093$646$370$208$23
43 years$1,721$1,042$606$342$188$20
44 years$1,663$993$569$315$171$17
45 years$1,608$947$534$291$155$14
46 years$1,555$903$501$269$141$12
47 years$1,505$862$471$249$128$10
48 years$1,457$823$443$230$116$9
49 years$1,411$786$416$212$106$8
50 years$1,367$751$391$196$96$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,400,000, adding $4,897 every year, while hoping to spend $36,702 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: 45/46/9 Blend
77$1,400,000$1,400,000$1,400,000$1,400,000
78$1,547,851$1,473,651$1,451,951$1,613,367
79$1,666,681$1,506,810$1,461,541$1,692,339
80$1,796,402$1,540,362$1,470,222$1,773,753
81$1,938,086$1,574,291$1,477,925$1,861,193
82$2,092,912$1,608,572$1,484,577$1,955,226
83$2,262,181$1,643,184$1,490,102$2,056,478
84$2,447,322$1,678,099$1,494,419$2,165,639
85$2,649,911$1,713,289$1,497,445$2,283,467
86$2,871,683$1,748,721$1,499,090$2,410,800
87$3,114,548$1,784,360$1,499,262$2,548,559
88$3,380,607$1,820,170$1,497,863$2,697,761
89$3,672,179$1,856,108$1,494,792$2,859,523
90$3,991,814$1,892,130$1,489,940$3,035,081
91$4,342,321$1,928,187$1,483,195$3,225,792
92$4,726,796$1,964,226$1,474,440$3,433,156
93$5,148,646$2,000,189$1,463,550$3,658,824
94$5,611,625$2,036,016$1,450,397$3,904,616
95$6,119,870$2,071,640$1,434,844$4,172,538
96$6,677,935$2,106,989$1,416,750$4,464,801
97$7,290,839$2,141,986$1,395,965$4,783,843
98$7,964,109$2,176,548$1,372,335$5,132,351
99$8,703,836$2,210,586$1,345,695$5,513,287
100$9,516,727$2,244,005$1,315,876$5,929,915