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

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$126,346$125,221$124,123$123,051$122,004$121,388
2 years$62,548$61,383$60,254$59,159$58,097$57,475
3 years$41,284$40,114$38,988$37,904$36,859$36,251
4 years$30,655$29,488$28,373$27,308$26,288$25,698
5 years$24,278$23,119$22,019$20,975$19,984$19,414
6 years$20,029$18,878$17,795$16,774$15,813$15,263
7 years$16,995$15,854$14,787$13,791$12,860$12,332
8 years$14,721$13,590$12,541$11,569$10,669$10,161
9 years$12,952$11,832$10,801$9,854$8,984$8,498
10 years$11,539$10,430$9,417$8,494$7,655$7,190
11 years$10,383$9,285$8,291$7,392$6,584$6,138
12 years$9,420$8,334$7,358$6,484$5,705$5,280
13 years$8,606$7,531$6,574$5,725$4,975$4,570
14 years$7,910$6,846$5,906$5,082$4,361$3,975
15 years$7,306$6,254$5,333$4,532$3,840$3,472
16 years$6,778$5,738$4,835$4,058$3,394$3,044
17 years$6,313$5,284$4,399$3,646$3,009$2,677
18 years$5,901$4,883$4,016$3,286$2,676$2,361
19 years$5,532$4,525$3,677$2,969$2,385$2,086
20 years$5,200$4,205$3,374$2,689$2,130$1,848
21 years$4,900$3,917$3,104$2,440$1,906$1,639
22 years$4,628$3,656$2,860$2,219$1,709$1,456
23 years$4,380$3,420$2,641$2,021$1,534$1,296
24 years$4,153$3,204$2,443$1,843$1,379$1,154
25 years$3,945$3,007$2,262$1,683$1,241$1,029
26 years$3,752$2,826$2,098$1,539$1,117$918
27 years$3,575$2,660$1,948$1,409$1,007$820
28 years$3,410$2,506$1,811$1,291$909$733
29 years$3,257$2,364$1,686$1,184$821$656
30 years$3,114$2,233$1,570$1,086$742$587
31 years$2,981$2,111$1,464$998$671$526
32 years$2,857$1,997$1,366$917$607$471
33 years$2,740$1,891$1,275$843$549$422
34 years$2,630$1,793$1,191$776$497$378
35 years$2,527$1,700$1,114$714$450$339
36 years$2,430$1,614$1,042$658$408$304
37 years$2,338$1,533$975$606$370$273
38 years$2,252$1,457$913$559$335$245
39 years$2,170$1,385$856$515$304$220
40 years$2,092$1,318$802$475$276$197
41 years$2,018$1,254$752$438$250$177
42 years$1,948$1,195$705$404$227$159
43 years$1,881$1,138$662$373$206$143
44 years$1,818$1,085$621$345$187$128
45 years$1,757$1,035$583$318$170$115
46 years$1,700$987$548$294$154$104
47 years$1,645$942$515$272$140$93
48 years$1,592$899$484$251$127$84
49 years$1,542$859$455$232$115$75
50 years$1,494$820$428$214$105$68

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 $2,506 every year, while hoping to spend $38,526 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: 56/37/7 Blend
77$1,530,000$1,530,000$1,530,000$1,530,000
78$1,688,645$1,607,555$1,583,840$1,780,419
79$1,819,895$1,645,334$1,595,907$1,880,334
80$1,963,242$1,683,673$1,607,088$1,984,585
81$2,119,878$1,722,558$1,617,310$2,097,184
82$2,291,118$1,761,975$1,626,502$2,218,930
83$2,478,406$1,801,906$1,634,584$2,350,703
84$2,683,336$1,842,332$1,641,476$2,493,472
85$2,907,661$1,883,232$1,647,090$2,648,305
86$3,153,312$1,924,580$1,651,337$2,816,377
87$3,422,416$1,966,349$1,654,122$2,998,984
88$3,717,312$2,008,511$1,655,346$3,197,552
89$4,040,582$2,051,031$1,654,903$3,413,652
90$4,395,064$2,093,875$1,652,685$3,649,015
91$4,783,887$2,137,001$1,648,577$3,905,548
92$5,210,497$2,180,367$1,642,457$4,185,351
93$5,678,688$2,223,926$1,634,200$4,490,741
94$6,192,642$2,267,626$1,623,673$4,824,266
95$6,756,962$2,311,411$1,610,738$5,188,738
96$7,376,723$2,355,220$1,595,248$5,587,252
97$8,057,512$2,398,989$1,577,052$6,023,222
98$8,805,484$2,442,646$1,555,989$6,500,406
99$9,627,422$2,486,114$1,531,893$7,022,949
100$10,530,796$2,529,311$1,504,589$7,595,417