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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$127,998$126,857$125,745$124,659$123,599$122,359
2 years$63,365$62,185$61,041$59,932$58,857$57,608
3 years$41,824$40,639$39,498$38,399$37,341$36,122
4 years$31,055$29,874$28,744$27,664$26,632$25,452
5 years$24,596$23,421$22,307$21,249$20,245$19,108
6 years$20,291$19,125$18,027$16,993$16,019$14,926
7 years$17,217$16,061$14,981$13,971$13,028$11,979
8 years$14,913$13,768$12,705$11,720$10,808$9,804
9 years$13,122$11,987$10,943$9,983$9,102$8,142
10 years$11,690$10,566$9,540$8,605$7,755$6,839
11 years$10,519$9,406$8,399$7,489$6,670$5,796
12 years$9,543$8,443$7,454$6,569$5,780$4,948
13 years$8,719$7,630$6,659$5,799$5,040$4,249
14 years$8,013$6,935$5,984$5,148$4,418$3,667
15 years$7,402$6,335$5,402$4,591$3,890$3,178
16 years$6,867$5,813$4,898$4,111$3,438$2,764
17 years$6,396$5,353$4,457$3,694$3,048$2,410
18 years$5,978$4,947$4,069$3,329$2,711$2,107
19 years$5,604$4,584$3,725$3,008$2,416$1,847
20 years$5,268$4,260$3,418$2,724$2,158$1,621
21 years$4,964$3,968$3,144$2,472$1,931$1,425
22 years$4,689$3,704$2,898$2,248$1,731$1,255
23 years$4,437$3,464$2,676$2,047$1,554$1,107
24 years$4,207$3,246$2,475$1,867$1,397$977
25 years$3,996$3,046$2,292$1,705$1,257$863
26 years$3,801$2,863$2,126$1,559$1,132$763
27 years$3,621$2,694$1,974$1,427$1,021$675
28 years$3,455$2,539$1,835$1,308$921$598
29 years$3,300$2,395$1,708$1,199$832$529
30 years$3,155$2,262$1,591$1,100$751$469
31 years$3,020$2,138$1,483$1,011$679$416
32 years$2,894$2,023$1,383$929$615$369
33 years$2,776$1,916$1,292$854$556$327
34 years$2,665$1,816$1,207$786$504$291
35 years$2,560$1,722$1,128$723$456$258
36 years$2,462$1,635$1,056$666$413$229
37 years$2,369$1,553$988$614$374$203
38 years$2,281$1,476$925$566$340$181
39 years$2,198$1,403$867$522$308$161
40 years$2,119$1,335$813$481$279$143
41 years$2,044$1,271$762$444$253$127
42 years$1,973$1,210$715$410$230$113
43 years$1,906$1,153$671$378$209$100
44 years$1,842$1,099$629$349$189$89
45 years$1,780$1,048$591$323$172$79
46 years$1,722$1,000$555$298$156$70
47 years$1,666$954$522$275$142$63
48 years$1,613$911$490$254$129$56
49 years$1,562$870$461$235$117$50
50 years$1,513$831$433$217$106$44

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 $4,235 every year, while hoping to spend $20,718 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: 71/18/11 Blend
77$1,550,000$1,550,000$1,550,000$1,550,000
78$1,712,468$1,630,318$1,606,293$1,829,947
79$1,865,096$1,688,160$1,638,060$1,966,142
80$2,032,598$1,748,142$1,670,197$2,112,237
81$2,216,469$1,810,346$1,702,694$2,271,602
82$2,418,355$1,874,860$1,735,542$2,445,540
83$2,640,072$1,941,773$1,768,727$2,635,488
84$2,883,618$2,011,178$1,802,238$2,843,025
85$3,151,195$2,083,174$1,836,060$3,069,890
86$3,445,228$2,157,861$1,870,180$3,318,000
87$3,768,390$2,235,345$1,904,579$3,589,463
88$4,123,624$2,315,735$1,939,241$3,886,601
89$4,514,175$2,399,147$1,974,147$4,211,971
90$4,943,614$2,485,699$2,009,275$4,568,390
91$5,415,880$2,575,515$2,044,602$4,958,959
92$5,935,310$2,668,725$2,080,106$5,387,092
93$6,506,682$2,765,463$2,115,760$5,856,553
94$7,135,262$2,865,870$2,151,537$6,371,483
95$7,826,851$2,970,090$2,187,406$6,936,448
96$8,587,843$3,078,277$2,223,337$7,556,472
97$9,425,278$3,190,588$2,259,294$8,237,093
98$10,346,919$3,307,189$2,295,243$8,984,409
99$11,361,316$3,428,252$2,331,144$9,805,140
100$12,477,889$3,553,956$2,366,957$10,706,686