Can I retire at age 78 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$126,346$125,221$124,123$123,051$122,004$119,103
2 years$62,548$61,383$60,254$59,159$58,097$55,192
3 years$41,284$40,114$38,988$37,904$36,859$34,040
4 years$30,655$29,488$28,373$27,308$26,288$23,576
5 years$24,278$23,119$22,019$20,975$19,984$17,387
6 years$20,029$18,878$17,795$16,774$15,813$13,334
7 years$16,995$15,854$14,787$13,791$12,860$10,500
8 years$14,721$13,590$12,541$11,569$10,669$8,426
9 years$12,952$11,832$10,801$9,854$8,984$6,857
10 years$11,539$10,430$9,417$8,494$7,655$5,641
11 years$10,383$9,285$8,291$7,392$6,584$4,680
12 years$9,420$8,334$7,358$6,484$5,705$3,909
13 years$8,606$7,531$6,574$5,725$4,975$3,282
14 years$7,910$6,846$5,906$5,082$4,361$2,769
15 years$7,306$6,254$5,333$4,532$3,840$2,344
16 years$6,778$5,738$4,835$4,058$3,394$1,990
17 years$6,313$5,284$4,399$3,646$3,009$1,694
18 years$5,901$4,883$4,016$3,286$2,676$1,445
19 years$5,532$4,525$3,677$2,969$2,385$1,235
20 years$5,200$4,205$3,374$2,689$2,130$1,057
21 years$4,900$3,917$3,104$2,440$1,906$906
22 years$4,628$3,656$2,860$2,219$1,709$777
23 years$4,380$3,420$2,641$2,021$1,534$667
24 years$4,153$3,204$2,443$1,843$1,379$574
25 years$3,945$3,007$2,262$1,683$1,241$493
26 years$3,752$2,826$2,098$1,539$1,117$424
27 years$3,575$2,660$1,948$1,409$1,007$365
28 years$3,410$2,506$1,811$1,291$909$315
29 years$3,257$2,364$1,686$1,184$821$271
30 years$3,114$2,233$1,570$1,086$742$234
31 years$2,981$2,111$1,464$998$671$201
32 years$2,857$1,997$1,366$917$607$174
33 years$2,740$1,891$1,275$843$549$150
34 years$2,630$1,793$1,191$776$497$129
35 years$2,527$1,700$1,114$714$450$112
36 years$2,430$1,614$1,042$658$408$96
37 years$2,338$1,533$975$606$370$83
38 years$2,252$1,457$913$559$335$72
39 years$2,170$1,385$856$515$304$62
40 years$2,092$1,318$802$475$276$53
41 years$2,018$1,254$752$438$250$46
42 years$1,948$1,195$705$404$227$40
43 years$1,881$1,138$662$373$206$34
44 years$1,818$1,085$621$345$187$30
45 years$1,757$1,035$583$318$170$26
46 years$1,700$987$548$294$154$22
47 years$1,645$942$515$272$140$19
48 years$1,592$899$484$251$127$16
49 years$1,542$859$455$232$115$14
50 years$1,494$820$428$214$105$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,530,000, adding $4,698 every year, while hoping to spend $27,851 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: 58/21/21 Blend
77$1,530,000$1,530,000$1,530,000$1,530,000
78$1,690,906$1,609,816$1,586,101$1,779,255
79$1,833,745$1,659,064$1,609,602$1,889,138
80$1,990,220$1,709,791$1,632,957$2,005,466
81$2,161,693$1,762,041$1,656,132$2,131,678
82$2,349,663$1,815,859$1,679,089$2,268,735
83$2,555,782$1,871,289$1,701,792$2,417,694
84$2,781,868$1,928,378$1,724,198$2,579,719
85$3,029,924$1,987,174$1,746,264$2,756,092
86$3,302,158$2,047,728$1,767,946$2,948,224
87$3,601,000$2,110,088$1,789,194$3,157,669
88$3,929,128$2,174,308$1,809,958$3,386,140
89$4,289,491$2,240,441$1,830,183$3,635,522
90$4,685,337$2,308,541$1,849,813$3,907,891
91$5,120,247$2,378,665$1,868,787$4,205,534
92$5,598,164$2,450,871$1,887,043$4,530,971
93$6,123,431$2,525,219$1,904,513$4,886,978
94$6,700,835$2,601,768$1,921,128$5,276,610
95$7,335,647$2,680,582$1,936,813$5,703,237
96$8,033,677$2,761,724$1,951,490$6,170,567
97$8,801,325$2,845,261$1,965,078$6,682,689
98$9,645,641$2,931,260$1,977,489$7,244,105
99$10,574,395$3,019,790$1,988,633$7,859,777
100$11,596,146$3,110,922$1,998,415$8,535,171