Can I retire at age 78 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$127,172$126,039$124,934$123,855$122,802$121,217
2 years$62,956$61,784$60,647$59,546$58,477$56,883
3 years$41,554$40,376$39,243$38,152$37,100$35,546
4 years$30,855$29,681$28,559$27,486$26,460$24,958
5 years$24,437$23,270$22,163$21,112$20,115$18,668
6 years$20,160$19,002$17,911$16,883$15,916$14,528
7 years$17,106$15,958$14,884$13,881$12,944$11,614
8 years$14,817$13,679$12,623$11,644$10,738$9,467
9 years$13,037$11,910$10,872$9,918$9,043$7,830
10 years$11,614$10,498$9,478$8,550$7,705$6,549
11 years$10,451$9,346$8,345$7,441$6,627$5,526
12 years$9,482$8,388$7,406$6,527$5,743$4,697
13 years$8,663$7,580$6,617$5,762$5,008$4,015
14 years$7,961$6,890$5,945$5,115$4,390$3,449
15 years$7,354$6,295$5,368$4,562$3,865$2,975
16 years$6,823$5,775$4,866$4,084$3,416$2,574
17 years$6,355$5,319$4,428$3,670$3,029$2,234
18 years$5,939$4,915$4,042$3,307$2,693$1,944
19 years$5,568$4,555$3,701$2,988$2,400$1,695
20 years$5,234$4,233$3,396$2,707$2,144$1,480
21 years$4,932$3,943$3,124$2,456$1,919$1,295
22 years$4,658$3,680$2,879$2,233$1,720$1,134
23 years$4,409$3,442$2,658$2,034$1,544$994
24 years$4,180$3,225$2,459$1,855$1,388$873
25 years$3,970$3,026$2,277$1,694$1,249$767
26 years$3,777$2,844$2,112$1,549$1,125$674
27 years$3,598$2,677$1,961$1,418$1,014$593
28 years$3,432$2,522$1,823$1,299$915$522
29 years$3,278$2,380$1,697$1,191$826$460
30 years$3,135$2,247$1,580$1,093$747$405
31 years$3,001$2,124$1,473$1,004$675$357
32 years$2,875$2,010$1,375$923$611$315
33 years$2,758$1,904$1,283$849$553$278
34 years$2,648$1,804$1,199$781$500$245
35 years$2,544$1,711$1,121$719$453$217
36 years$2,446$1,624$1,049$662$411$191
37 years$2,354$1,543$982$610$372$169
38 years$2,266$1,466$919$562$337$149
39 years$2,184$1,394$861$518$306$132
40 years$2,105$1,326$807$478$277$116
41 years$2,031$1,263$757$441$252$103
42 years$1,961$1,202$710$407$228$91
43 years$1,894$1,146$666$376$207$80
44 years$1,830$1,092$625$347$188$71
45 years$1,769$1,041$587$320$171$63
46 years$1,711$993$552$296$155$55
47 years$1,656$948$518$273$141$49
48 years$1,603$905$487$253$128$43
49 years$1,552$864$458$234$116$38
50 years$1,504$826$430$216$106$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,540,000, adding $4,978 every year, while hoping to spend $31,399 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: 62/22/16 Blend
77$1,540,000$1,540,000$1,540,000$1,540,000
78$1,702,215$1,620,595$1,596,725$1,800,649
79$1,842,432$1,666,596$1,616,807$1,913,448
80$1,995,900$1,713,798$1,636,509$2,032,538
81$2,163,936$1,762,228$1,655,786$2,161,797
82$2,347,991$1,811,911$1,674,589$2,302,215
83$2,549,665$1,862,874$1,692,867$2,454,882
84$2,770,719$1,915,143$1,710,566$2,620,999
85$3,013,091$1,968,744$1,727,629$2,801,886
86$3,278,918$2,023,704$1,743,996$2,999,000
87$3,570,551$2,080,049$1,759,603$3,213,944
88$3,890,583$2,137,806$1,774,385$3,448,483
89$4,241,866$2,197,003$1,788,271$3,704,561
90$4,627,545$2,257,665$1,801,187$3,984,322
91$5,051,083$2,319,819$1,813,055$4,290,124
92$5,516,296$2,383,492$1,823,794$4,624,568
93$6,027,385$2,448,710$1,833,318$4,990,515
94$6,588,980$2,515,499$1,841,537$5,391,121
95$7,206,183$2,583,885$1,848,355$5,829,861
96$7,884,611$2,653,893$1,853,673$6,310,564
97$8,630,457$2,725,549$1,857,386$6,837,448
98$9,450,540$2,798,877$1,859,384$7,415,160
99$10,352,374$2,873,901$1,859,553$8,048,821
100$11,344,238$2,950,644$1,857,770$8,744,074