Can I retire at age 78 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$122,217$121,128$120,066$119,030$118,017$117,372
2 years$60,503$59,377$58,285$57,226$56,199$55,548
3 years$39,935$38,803$37,714$36,665$35,655$35,018
4 years$29,653$28,525$27,446$26,415$25,429$24,812
5 years$23,485$22,364$21,299$20,289$19,331$18,734
6 years$19,375$18,262$17,213$16,226$15,296$14,721
7 years$16,440$15,336$14,304$13,340$12,440$11,887
8 years$14,239$13,146$12,131$11,191$10,320$9,789
9 years$12,529$11,446$10,448$9,532$8,691$8,182
10 years$11,162$10,089$9,109$8,217$7,405$6,918
11 years$10,044$8,982$8,020$7,151$6,369$5,903
12 years$9,112$8,061$7,117$6,272$5,519$5,075
13 years$8,325$7,285$6,359$5,537$4,813$4,389
14 years$7,651$6,622$5,713$4,916$4,219$3,815
15 years$7,067$6,049$5,158$4,384$3,714$3,331
16 years$6,557$5,550$4,677$3,925$3,283$2,918
17 years$6,107$5,111$4,256$3,527$2,911$2,564
18 years$5,708$4,723$3,885$3,178$2,588$2,260
19 years$5,351$4,377$3,556$2,872$2,307$1,996
20 years$5,030$4,068$3,264$2,601$2,061$1,766
21 years$4,740$3,789$3,002$2,361$1,844$1,566
22 years$4,477$3,537$2,767$2,146$1,653$1,390
23 years$4,237$3,308$2,555$1,955$1,484$1,236
24 years$4,017$3,099$2,363$1,783$1,334$1,100
25 years$3,816$2,909$2,188$1,628$1,200$980
26 years$3,630$2,734$2,030$1,489$1,081$874
27 years$3,458$2,573$1,885$1,363$975$780
28 years$3,299$2,424$1,752$1,248$879$697
29 years$3,151$2,287$1,630$1,145$794$623
30 years$3,013$2,160$1,519$1,051$717$557
31 years$2,884$2,042$1,416$965$649$498
32 years$2,763$1,932$1,321$887$587$446
33 years$2,650$1,829$1,233$816$531$399
34 years$2,544$1,734$1,152$750$481$358
35 years$2,445$1,645$1,077$691$435$320
36 years$2,351$1,561$1,008$636$395$287
37 years$2,262$1,483$943$586$358$257
38 years$2,178$1,409$883$540$324$231
39 years$2,099$1,340$828$498$294$207
40 years$2,023$1,275$776$459$267$186
41 years$1,952$1,213$727$424$242$167
42 years$1,884$1,156$682$391$220$150
43 years$1,820$1,101$640$361$199$134
44 years$1,758$1,050$601$333$181$120
45 years$1,700$1,001$564$308$164$108
46 years$1,644$955$530$284$149$97
47 years$1,591$911$498$263$135$87
48 years$1,540$870$468$243$123$78
49 years$1,492$831$440$224$112$70
50 years$1,445$793$414$207$101$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,480,000, adding $2,130 every year, while hoping to spend $32,762 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: 48/28/24 Blend
77$1,480,000$1,480,000$1,480,000$1,480,000
78$1,633,157$1,554,717$1,531,777$1,700,313
79$1,764,881$1,596,040$1,548,233$1,788,829
80$1,908,942$1,638,289$1,564,142$1,881,465
81$2,066,565$1,681,476$1,579,452$1,981,403
82$2,239,097$1,725,611$1,594,106$2,089,347
83$2,428,022$1,770,703$1,608,046$2,206,068
84$2,634,975$1,816,762$1,621,210$2,332,419
85$2,861,754$1,863,795$1,633,533$2,469,338
86$3,110,343$1,911,811$1,644,945$2,617,859
87$3,382,923$1,960,815$1,655,376$2,779,120
88$3,681,899$2,010,813$1,664,749$2,954,376
89$4,009,919$2,061,809$1,672,985$3,145,010
90$4,369,900$2,113,807$1,679,999$3,352,544
91$4,765,054$2,166,808$1,685,703$3,578,656
92$5,198,921$2,220,813$1,690,006$3,825,197
93$5,675,399$2,275,821$1,692,809$4,094,203
94$6,198,783$2,331,829$1,694,011$4,387,921
95$6,773,803$2,388,833$1,693,505$4,708,825
96$7,405,672$2,446,827$1,691,179$5,059,643
97$8,100,131$2,505,802$1,686,914$5,443,380
98$8,863,506$2,565,748$1,680,587$5,863,349
99$9,702,766$2,626,652$1,672,069$6,323,199
100$10,625,589$2,688,499$1,661,224$6,826,956