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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$122,217$121,128$120,066$119,030$118,017$115,919
2 years$60,503$59,377$58,285$57,226$56,199$54,092
3 years$39,935$38,803$37,714$36,665$35,655$33,605
4 years$29,653$28,525$27,446$26,415$25,429$23,452
5 years$23,485$22,364$21,299$20,289$19,331$17,433
6 years$19,375$18,262$17,213$16,226$15,296$13,478
7 years$16,440$15,336$14,304$13,340$12,440$10,703
8 years$14,239$13,146$12,131$11,191$10,320$8,664
9 years$12,529$11,446$10,448$9,532$8,691$7,115
10 years$11,162$10,089$9,109$8,217$7,405$5,908
11 years$10,044$8,982$8,020$7,151$6,369$4,948
12 years$9,112$8,061$7,117$6,272$5,519$4,173
13 years$8,325$7,285$6,359$5,537$4,813$3,539
14 years$7,651$6,622$5,713$4,916$4,219$3,016
15 years$7,067$6,049$5,158$4,384$3,714$2,580
16 years$6,557$5,550$4,677$3,925$3,283$2,214
17 years$6,107$5,111$4,256$3,527$2,911$1,905
18 years$5,708$4,723$3,885$3,178$2,588$1,643
19 years$5,351$4,377$3,556$2,872$2,307$1,420
20 years$5,030$4,068$3,264$2,601$2,061$1,229
21 years$4,740$3,789$3,002$2,361$1,844$1,066
22 years$4,477$3,537$2,767$2,146$1,653$925
23 years$4,237$3,308$2,555$1,955$1,484$803
24 years$4,017$3,099$2,363$1,783$1,334$699
25 years$3,816$2,909$2,188$1,628$1,200$608
26 years$3,630$2,734$2,030$1,489$1,081$530
27 years$3,458$2,573$1,885$1,363$975$461
28 years$3,299$2,424$1,752$1,248$879$402
29 years$3,151$2,287$1,630$1,145$794$351
30 years$3,013$2,160$1,519$1,051$717$306
31 years$2,884$2,042$1,416$965$649$267
32 years$2,763$1,932$1,321$887$587$233
33 years$2,650$1,829$1,233$816$531$204
34 years$2,544$1,734$1,152$750$481$178
35 years$2,445$1,645$1,077$691$435$156
36 years$2,351$1,561$1,008$636$395$136
37 years$2,262$1,483$943$586$358$119
38 years$2,178$1,409$883$540$324$104
39 years$2,099$1,340$828$498$294$91
40 years$2,023$1,275$776$459$267$79
41 years$1,952$1,213$727$424$242$69
42 years$1,884$1,156$682$391$220$61
43 years$1,820$1,101$640$361$199$53
44 years$1,758$1,050$601$333$181$46
45 years$1,700$1,001$564$308$164$41
46 years$1,644$955$530$284$149$36
47 years$1,591$911$498$263$135$31
48 years$1,540$870$468$243$123$27
49 years$1,492$831$440$224$112$24
50 years$1,445$793$414$207$101$21

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 $4,261 every year, while hoping to spend $40,637 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: 68/6/26 Blend
77$1,480,000$1,480,000$1,480,000$1,480,000
78$1,635,355$1,556,915$1,533,975$1,735,300
79$1,758,924$1,589,967$1,542,126$1,836,027
80$1,893,735$1,623,276$1,549,188$1,941,153
81$2,040,891$1,656,812$1,555,081$2,055,235
82$2,201,609$1,690,542$1,559,723$2,179,158
83$2,377,225$1,724,430$1,563,025$2,313,899
84$2,569,212$1,758,437$1,564,897$2,460,534
85$2,779,191$1,792,520$1,565,240$2,620,250
86$3,008,947$1,826,633$1,563,955$2,794,355
87$3,260,446$1,860,724$1,560,934$2,984,290
88$3,535,853$1,894,741$1,556,066$3,191,643
89$3,837,551$1,928,624$1,549,235$3,418,166
90$4,168,164$1,962,310$1,540,318$3,665,789
91$4,530,585$1,995,731$1,529,186$3,936,640
92$4,927,996$2,028,814$1,515,706$4,233,064
93$5,363,905$2,061,479$1,499,735$4,557,647
94$5,842,174$2,093,642$1,481,127$4,913,237
95$6,367,058$2,125,213$1,459,727$5,302,976
96$6,943,243$2,156,093$1,435,373$5,730,327
97$7,575,892$2,186,179$1,407,896$6,199,105
98$8,270,690$2,215,359$1,377,117$6,713,518
99$9,033,902$2,243,514$1,342,853$7,278,203
100$9,872,430$2,270,516$1,304,908$7,898,270