Can I retire at age 78 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$116,436$115,399$114,387$113,400$112,435$109,495
2 years$57,642$56,568$55,528$54,519$53,541$50,599
3 years$38,046$36,968$35,930$34,931$33,968$31,116
4 years$28,250$27,175$26,148$25,166$24,227$21,487
5 years$22,374$21,306$20,292$19,330$18,417$15,796
6 years$18,458$17,398$16,399$15,458$14,572$12,074
7 years$15,662$14,611$13,628$12,709$11,851$9,475
8 years$13,566$12,524$11,557$10,661$9,832$7,577
9 years$11,937$10,904$9,954$9,081$8,280$6,144
10 years$10,634$9,612$8,678$7,828$7,055$5,036
11 years$9,569$8,557$7,640$6,813$6,067$4,162
12 years$8,681$7,680$6,781$5,976$5,258$3,462
13 years$7,931$6,941$6,058$5,276$4,585$2,896
14 years$7,289$6,309$5,443$4,683$4,019$2,433
15 years$6,733$5,763$4,914$4,176$3,539$2,051
16 years$6,247$5,288$4,456$3,740$3,128$1,734
17 years$5,818$4,870$4,054$3,360$2,773$1,470
18 years$5,438$4,500$3,701$3,028$2,466$1,248
19 years$5,098$4,170$3,388$2,736$2,198$1,062
20 years$4,792$3,875$3,110$2,478$1,963$905
21 years$4,516$3,610$2,860$2,249$1,757$772
22 years$4,265$3,370$2,636$2,045$1,575$659
23 years$4,037$3,151$2,434$1,862$1,414$563
24 years$3,827$2,953$2,251$1,698$1,270$482
25 years$3,635$2,771$2,085$1,551$1,143$412
26 years$3,458$2,604$1,934$1,418$1,030$353
27 years$3,294$2,451$1,796$1,298$928$303
28 years$3,143$2,309$1,669$1,189$838$259
29 years$3,002$2,179$1,553$1,091$756$222
30 years$2,870$2,058$1,447$1,001$684$191
31 years$2,747$1,945$1,349$919$618$164
32 years$2,633$1,840$1,259$845$559$140
33 years$2,525$1,743$1,175$777$506$120
34 years$2,424$1,652$1,098$715$458$103
35 years$2,329$1,567$1,026$658$415$89
36 years$2,239$1,487$960$606$376$76
37 years$2,155$1,412$899$558$341$65
38 years$2,075$1,342$842$515$309$56
39 years$1,999$1,276$789$475$280$48
40 years$1,928$1,214$739$438$254$41
41 years$1,860$1,156$693$404$230$36
42 years$1,795$1,101$650$373$209$31
43 years$1,734$1,049$610$344$190$26
44 years$1,675$1,000$573$318$172$23
45 years$1,620$953$538$293$156$19
46 years$1,566$910$505$271$142$17
47 years$1,516$868$474$250$129$14
48 years$1,467$829$446$231$117$12
49 years$1,421$791$419$214$106$11
50 years$1,377$756$394$198$97$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,410,000, adding $5,421 every year, while hoping to spend $45,391 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: 57/15/28 Blend
77$1,410,000$1,410,000$1,410,000$1,410,000
78$1,559,412$1,484,682$1,462,827$1,636,038
79$1,670,176$1,509,135$1,463,536$1,713,701
80$1,790,717$1,533,266$1,462,747$1,793,100
81$1,921,984$1,557,010$1,460,363$1,878,718
82$2,065,021$1,580,299$1,456,280$1,971,169
83$2,220,979$1,603,059$1,450,391$2,071,135
84$2,391,122$1,625,212$1,442,583$2,179,364
85$2,576,843$1,646,674$1,432,736$2,296,683
86$2,779,676$1,667,355$1,420,727$2,424,006
87$3,001,307$1,687,160$1,406,425$2,562,341
88$3,243,594$1,705,985$1,389,695$2,712,798
89$3,508,584$1,723,721$1,370,393$2,876,604
90$3,798,528$1,740,252$1,348,369$3,055,113
91$4,115,907$1,755,454$1,323,469$3,249,818
92$4,463,451$1,769,192$1,295,527$3,462,366
93$4,844,168$1,781,328$1,264,372$3,694,574
94$5,261,370$1,791,709$1,229,824$3,948,447
95$5,718,703$1,800,177$1,191,698$4,226,197
96$6,220,186$1,806,561$1,149,795$4,530,264
97$6,770,243$1,810,680$1,103,910$4,863,340
98$7,373,747$1,812,342$1,053,830$5,228,393
99$8,036,066$1,811,343$999,330$5,628,699
100$8,763,112$1,807,467$940,176$6,067,870