Can I retire at age 78 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$125,520$124,402$123,311$122,247$121,207$118,518
2 years$62,139$60,981$59,860$58,772$57,718$55,022
3 years$41,014$39,852$38,733$37,656$36,618$34,001
4 years$30,454$29,295$28,188$27,129$26,117$23,597
5 years$24,120$22,968$21,875$20,838$19,853$17,439
6 years$19,898$18,755$17,678$16,664$15,709$13,403
7 years$16,884$15,751$14,691$13,700$12,776$10,578
8 years$14,624$13,501$12,459$11,493$10,599$8,508
9 years$12,868$11,755$10,731$9,789$8,926$6,941
10 years$11,463$10,362$9,355$8,439$7,605$5,724
11 years$10,315$9,224$8,236$7,344$6,541$4,761
12 years$9,359$8,279$7,310$6,442$5,668$3,987
13 years$8,550$7,482$6,531$5,687$4,943$3,357
14 years$7,858$6,801$5,868$5,048$4,333$2,839
15 years$7,258$6,213$5,298$4,502$3,815$2,410
16 years$6,734$5,700$4,803$4,031$3,372$2,053
17 years$6,272$5,250$4,371$3,622$2,989$1,752
18 years$5,862$4,851$3,990$3,264$2,658$1,499
19 years$5,495$4,496$3,653$2,950$2,369$1,285
20 years$5,166$4,178$3,352$2,671$2,116$1,103
21 years$4,868$3,891$3,083$2,424$1,894$948
22 years$4,598$3,632$2,842$2,204$1,698$816
23 years$4,352$3,397$2,624$2,008$1,524$703
24 years$4,126$3,183$2,427$1,831$1,370$606
25 years$3,919$2,987$2,248$1,672$1,232$523
26 years$3,728$2,807$2,084$1,529$1,110$451
27 years$3,551$2,642$1,936$1,399$1,001$390
28 years$3,388$2,490$1,799$1,282$903$337
29 years$3,236$2,349$1,675$1,176$815$291
30 years$3,094$2,218$1,560$1,079$737$252
31 years$2,962$2,097$1,454$991$666$218
32 years$2,838$1,984$1,357$911$603$188
33 years$2,722$1,879$1,267$838$545$163
34 years$2,613$1,781$1,184$771$494$141
35 years$2,511$1,689$1,107$709$447$122
36 years$2,414$1,603$1,035$653$405$106
37 years$2,323$1,523$969$602$367$92
38 years$2,237$1,447$907$555$333$79
39 years$2,155$1,376$850$512$302$69
40 years$2,078$1,309$797$472$274$59
41 years$2,005$1,246$747$435$248$52
42 years$1,935$1,187$701$402$225$45
43 years$1,869$1,131$658$371$205$39
44 years$1,806$1,078$617$342$186$33
45 years$1,746$1,028$580$316$169$29
46 years$1,689$981$544$292$153$25
47 years$1,634$936$511$270$139$22
48 years$1,582$893$481$249$126$19
49 years$1,532$853$452$231$115$16
50 years$1,484$815$425$213$104$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,520,000, adding $2,685 every year, while hoping to spend $49,193 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: 45/35/20 Blend
77$1,520,000$1,520,000$1,520,000$1,520,000
78$1,677,810$1,597,250$1,573,690$1,743,544
79$1,796,605$1,623,174$1,574,067$1,815,895
80$1,925,869$1,648,720$1,572,809$1,889,231
81$2,066,617$1,673,817$1,569,807$1,967,741
82$2,219,968$1,698,389$1,564,951$2,051,928
83$2,387,150$1,722,356$1,558,123$2,142,348
84$2,569,519$1,745,631$1,549,200$2,239,616
85$2,768,564$1,768,121$1,538,052$2,344,409
86$2,985,926$1,789,727$1,524,545$2,457,478
87$3,223,410$1,810,343$1,508,537$2,579,650
88$3,483,004$1,829,856$1,489,879$2,711,838
89$3,766,898$1,848,146$1,468,417$2,855,051
90$4,077,500$1,865,084$1,443,988$3,010,405
91$4,417,464$1,880,533$1,416,421$3,179,129
92$4,789,713$1,894,346$1,385,539$3,362,583
93$5,197,464$1,906,369$1,351,154$3,562,265
94$5,644,260$1,916,436$1,313,073$3,779,834
95$6,134,004$1,924,371$1,271,090$4,017,116
96$6,670,994$1,929,987$1,224,993$4,276,132
97$7,259,964$1,933,084$1,174,558$4,559,109
98$7,906,127$1,933,452$1,119,553$4,868,508
99$8,615,226$1,930,866$1,059,732$5,207,043
100$9,393,588$1,925,087$994,842$5,577,712