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

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$116,436$115,399$114,387$113,400$112,435$111,261
2 years$57,642$56,568$55,528$54,519$53,541$52,358
3 years$38,046$36,968$35,930$34,931$33,968$32,814
4 years$28,250$27,175$26,148$25,166$24,227$23,110
5 years$22,374$21,306$20,292$19,330$18,417$17,341
6 years$18,458$17,398$16,399$15,458$14,572$13,538
7 years$15,662$14,611$13,628$12,709$11,851$10,859
8 years$13,566$12,524$11,557$10,661$9,832$8,882
9 years$11,937$10,904$9,954$9,081$8,280$7,372
10 years$10,634$9,612$8,678$7,828$7,055$6,189
11 years$9,569$8,557$7,640$6,813$6,067$5,242
12 years$8,681$7,680$6,781$5,976$5,258$4,472
13 years$7,931$6,941$6,058$5,276$4,585$3,838
14 years$7,289$6,309$5,443$4,683$4,019$3,310
15 years$6,733$5,763$4,914$4,176$3,539$2,867
16 years$6,247$5,288$4,456$3,740$3,128$2,491
17 years$5,818$4,870$4,054$3,360$2,773$2,171
18 years$5,438$4,500$3,701$3,028$2,466$1,897
19 years$5,098$4,170$3,388$2,736$2,198$1,661
20 years$4,792$3,875$3,110$2,478$1,963$1,457
21 years$4,516$3,610$2,860$2,249$1,757$1,280
22 years$4,265$3,370$2,636$2,045$1,575$1,126
23 years$4,037$3,151$2,434$1,862$1,414$992
24 years$3,827$2,953$2,251$1,698$1,270$875
25 years$3,635$2,771$2,085$1,551$1,143$773
26 years$3,458$2,604$1,934$1,418$1,030$682
27 years$3,294$2,451$1,796$1,298$928$603
28 years$3,143$2,309$1,669$1,189$838$534
29 years$3,002$2,179$1,553$1,091$756$472
30 years$2,870$2,058$1,447$1,001$684$418
31 years$2,747$1,945$1,349$919$618$371
32 years$2,633$1,840$1,259$845$559$328
33 years$2,525$1,743$1,175$777$506$291
34 years$2,424$1,652$1,098$715$458$258
35 years$2,329$1,567$1,026$658$415$229
36 years$2,239$1,487$960$606$376$203
37 years$2,155$1,412$899$558$341$180
38 years$2,075$1,342$842$515$309$160
39 years$1,999$1,276$789$475$280$142
40 years$1,928$1,214$739$438$254$126
41 years$1,860$1,156$693$404$230$112
42 years$1,795$1,101$650$373$209$100
43 years$1,734$1,049$610$344$190$88
44 years$1,675$1,000$573$318$172$79
45 years$1,620$953$538$293$156$70
46 years$1,566$910$505$271$142$62
47 years$1,516$868$474$250$129$55
48 years$1,467$829$446$231$117$49
49 years$1,421$791$419$214$106$43
50 years$1,377$756$394$198$97$39

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 $3,559 every year, while hoping to spend $54,693 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: 54/37/9 Blend
77$1,410,000$1,410,000$1,410,000$1,410,000
78$1,557,491$1,482,761$1,460,906$1,637,942
79$1,658,162$1,497,223$1,451,654$1,707,318
80$1,767,269$1,510,561$1,440,258$1,776,502
81$1,885,613$1,522,662$1,426,590$1,850,496
82$2,014,079$1,533,405$1,410,513$1,929,766
83$2,153,636$1,542,663$1,391,886$2,014,827
84$2,305,352$1,550,299$1,370,560$2,106,249
85$2,470,404$1,556,169$1,346,379$2,204,660
86$2,650,082$1,560,119$1,319,180$2,310,755
87$2,845,810$1,561,984$1,288,793$2,425,300
88$3,059,153$1,561,592$1,255,038$2,549,143
89$3,291,834$1,558,757$1,217,729$2,683,221
90$3,545,749$1,553,284$1,176,670$2,828,567
91$3,822,984$1,544,964$1,131,658$2,986,325
92$4,125,838$1,533,577$1,082,478$3,157,756
93$4,456,840$1,518,888$1,028,907$3,344,254
94$4,818,774$1,500,650$970,712$3,547,358
95$5,214,707$1,478,600$907,648$3,768,767
96$5,648,013$1,452,458$839,461$4,010,360
97$6,122,412$1,421,930$765,884$4,274,209
98$6,641,995$1,386,702$686,639$4,562,603
99$7,211,272$1,346,443$601,435$4,878,069
100$7,835,206$1,300,804$509,967$5,223,398