Can I retire at age 78 with 1,430,000?

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 $1,430,000?

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$118,088$117,036$116,010$115,008$114,030$112,839
2 years$58,459$57,371$56,316$55,292$54,300$53,101
3 years$38,586$37,492$36,440$35,426$34,450$33,280
4 years$28,651$27,561$26,519$25,523$24,570$23,438
5 years$22,692$21,608$20,580$19,604$18,678$17,586
6 years$18,720$17,645$16,631$15,677$14,779$13,730
7 years$15,884$14,818$13,821$12,889$12,019$11,013
8 years$13,758$12,702$11,721$10,812$9,971$9,008
9 years$12,106$11,059$10,095$9,210$8,397$7,477
10 years$10,785$9,748$8,801$7,939$7,155$6,276
11 years$9,704$8,678$7,749$6,909$6,153$5,316
12 years$8,805$7,789$6,877$6,060$5,332$4,536
13 years$8,044$7,039$6,144$5,350$4,650$3,892
14 years$7,393$6,398$5,520$4,749$4,076$3,357
15 years$6,828$5,845$4,984$4,236$3,589$2,907
16 years$6,335$5,363$4,519$3,793$3,172$2,526
17 years$5,901$4,939$4,112$3,408$2,812$2,202
18 years$5,515$4,564$3,754$3,071$2,501$1,924
19 years$5,170$4,230$3,436$2,775$2,229$1,684
20 years$4,860$3,930$3,154$2,513$1,991$1,478
21 years$4,580$3,661$2,901$2,281$1,782$1,298
22 years$4,326$3,417$2,674$2,074$1,597$1,142
23 years$4,094$3,196$2,469$1,889$1,434$1,006
24 years$3,882$2,995$2,283$1,723$1,289$888
25 years$3,687$2,810$2,114$1,573$1,159$783
26 years$3,507$2,641$1,961$1,438$1,044$692
27 years$3,341$2,486$1,821$1,317$942$612
28 years$3,187$2,342$1,693$1,206$850$541
29 years$3,044$2,210$1,575$1,106$767$479
30 years$2,911$2,087$1,467$1,015$693$424
31 years$2,786$1,973$1,368$932$627$376
32 years$2,670$1,867$1,276$857$567$333
33 years$2,561$1,768$1,192$788$513$295
34 years$2,458$1,675$1,114$725$465$262
35 years$2,362$1,589$1,041$667$421$232
36 years$2,271$1,508$974$615$381$206
37 years$2,185$1,432$912$566$346$183
38 years$2,104$1,361$854$522$313$162
39 years$2,028$1,295$800$481$284$144
40 years$1,955$1,232$750$444$258$128
41 years$1,886$1,172$703$410$234$114
42 years$1,821$1,117$659$378$212$101
43 years$1,758$1,064$619$349$192$90
44 years$1,699$1,014$581$322$175$80
45 years$1,643$967$545$298$159$71
46 years$1,589$922$512$275$144$63
47 years$1,537$880$481$254$131$56
48 years$1,488$840$452$235$119$50
49 years$1,441$803$425$217$108$44
50 years$1,396$767$400$200$98$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,430,000, adding $2,173 every year, while hoping to spend $52,924 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: 64/31/5 Blend
77$1,430,000$1,430,000$1,430,000$1,430,000
78$1,578,101$1,502,311$1,480,146$1,677,842
79$1,682,757$1,519,614$1,473,421$1,761,743
80$1,796,314$1,535,991$1,464,696$1,846,852
81$1,919,624$1,551,340$1,453,849$1,938,402
82$2,053,624$1,565,554$1,440,751$2,037,010
83$2,199,345$1,578,518$1,425,268$2,143,360
84$2,357,922$1,590,109$1,407,258$2,258,204
85$2,530,603$1,600,197$1,386,574$2,382,374
86$2,718,760$1,608,642$1,363,060$2,516,785
87$2,923,905$1,615,298$1,336,555$2,662,445
88$3,147,702$1,620,006$1,306,888$2,820,470
89$3,391,982$1,622,600$1,273,882$2,992,086
90$3,658,759$1,622,902$1,237,352$3,178,647
91$3,950,252$1,620,725$1,197,104$3,381,649
92$4,268,904$1,615,867$1,152,933$3,602,737
93$4,617,404$1,608,116$1,104,628$3,843,729
94$4,998,713$1,597,247$1,051,967$4,106,627
95$5,416,091$1,583,022$994,717$4,393,643
96$5,873,128$1,565,185$932,636$4,707,213
97$6,373,778$1,543,470$865,469$5,050,026
98$6,922,394$1,517,590$792,953$5,425,045
99$7,523,771$1,487,245$714,810$5,835,541
100$8,183,190$1,452,115$630,751$6,285,120