Can I retire at age 78 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$127,998$126,857$125,745$124,659$123,599$121,502
2 years$63,365$62,185$61,041$59,932$58,857$56,750
3 years$41,824$40,639$39,498$38,399$37,341$35,291
4 years$31,055$29,874$28,744$27,664$26,632$24,654
5 years$24,596$23,421$22,307$21,249$20,245$18,345
6 years$20,291$19,125$18,027$16,993$16,019$14,199
7 years$17,217$16,061$14,981$13,971$13,028$11,288
8 years$14,913$13,768$12,705$11,720$10,808$9,148
9 years$13,122$11,987$10,943$9,983$9,102$7,521
10 years$11,690$10,566$9,540$8,605$7,755$6,253
11 years$10,519$9,406$8,399$7,489$6,670$5,244
12 years$9,543$8,443$7,454$6,569$5,780$4,428
13 years$8,719$7,630$6,659$5,799$5,040$3,761
14 years$8,013$6,935$5,984$5,148$4,418$3,209
15 years$7,402$6,335$5,402$4,591$3,890$2,749
16 years$6,867$5,813$4,898$4,111$3,438$2,362
17 years$6,396$5,353$4,457$3,694$3,048$2,036
18 years$5,978$4,947$4,069$3,329$2,711$1,758
19 years$5,604$4,584$3,725$3,008$2,416$1,522
20 years$5,268$4,260$3,418$2,724$2,158$1,319
21 years$4,964$3,968$3,144$2,472$1,931$1,145
22 years$4,689$3,704$2,898$2,248$1,731$996
23 years$4,437$3,464$2,676$2,047$1,554$866
24 years$4,207$3,246$2,475$1,867$1,397$755
25 years$3,996$3,046$2,292$1,705$1,257$658
26 years$3,801$2,863$2,126$1,559$1,132$574
27 years$3,621$2,694$1,974$1,427$1,021$501
28 years$3,455$2,539$1,835$1,308$921$437
29 years$3,300$2,395$1,708$1,199$832$382
30 years$3,155$2,262$1,591$1,100$751$334
31 years$3,020$2,138$1,483$1,011$679$292
32 years$2,894$2,023$1,383$929$615$255
33 years$2,776$1,916$1,292$854$556$223
34 years$2,665$1,816$1,207$786$504$195
35 years$2,560$1,722$1,128$723$456$171
36 years$2,462$1,635$1,056$666$413$150
37 years$2,369$1,553$988$614$374$131
38 years$2,281$1,476$925$566$340$115
39 years$2,198$1,403$867$522$308$101
40 years$2,119$1,335$813$481$279$88
41 years$2,044$1,271$762$444$253$77
42 years$1,973$1,210$715$410$230$68
43 years$1,906$1,153$671$378$209$59
44 years$1,842$1,099$629$349$189$52
45 years$1,780$1,048$591$323$172$45
46 years$1,722$1,000$555$298$156$40
47 years$1,666$954$522$275$142$35
48 years$1,613$911$490$254$129$31
49 years$1,562$870$461$235$117$27
50 years$1,513$831$433$217$106$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,550,000, adding $6,038 every year, while hoping to spend $27,674 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: 30/49/21 Blend
77$1,550,000$1,550,000$1,550,000$1,550,000
78$1,714,328$1,632,178$1,608,153$1,754,354
79$1,859,745$1,682,710$1,632,581$1,835,904
80$2,019,066$1,734,790$1,656,900$1,920,681
81$2,193,682$1,788,466$1,681,077$2,011,305
82$2,385,121$1,843,785$1,705,078$2,108,299
83$2,595,070$1,900,796$1,728,864$2,212,237
84$2,825,383$1,959,551$1,752,397$2,323,751
85$3,078,105$2,020,102$1,775,635$2,443,535
86$3,355,487$2,082,503$1,798,534$2,572,351
87$3,660,010$2,146,809$1,821,048$2,711,038
88$3,994,406$2,213,077$1,843,128$2,860,517
89$4,361,684$2,281,366$1,864,721$3,021,802
90$4,765,159$2,351,737$1,885,773$3,196,010
91$5,208,484$2,424,251$1,906,225$3,384,365
92$5,695,683$2,498,972$1,926,017$3,588,219
93$6,231,188$2,575,967$1,945,084$3,809,057
94$6,819,882$2,655,303$1,963,358$4,048,513
95$7,467,147$2,737,049$1,980,767$4,308,386
96$8,178,909$2,821,278$1,997,235$4,590,657
97$8,961,699$2,908,062$2,012,684$4,897,506
98$9,822,713$2,997,477$2,027,030$5,231,331
99$10,769,878$3,089,602$2,040,184$5,594,775
100$11,811,930$3,184,517$2,052,054$5,990,747