Can I retire at age 78 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$128,823$127,676$126,556$125,464$124,397$123,097
2 years$63,774$62,586$61,435$60,319$59,236$57,928
3 years$42,094$40,901$39,753$38,647$37,582$36,305
4 years$31,256$30,066$28,930$27,843$26,804$25,568
5 years$24,754$23,572$22,451$21,386$20,376$19,185
6 years$20,422$19,249$18,143$17,103$16,123$14,978
7 years$17,328$16,165$15,077$14,061$13,112$12,015
8 years$15,009$13,856$12,787$11,795$10,878$9,827
9 years$13,206$12,064$11,013$10,047$9,161$8,156
10 years$11,765$10,634$9,602$8,661$7,805$6,847
11 years$10,586$9,467$8,453$7,537$6,713$5,799
12 years$9,605$8,497$7,502$6,611$5,817$4,948
13 years$8,775$7,679$6,702$5,837$5,073$4,246
14 years$8,065$6,980$6,022$5,181$4,447$3,662
15 years$7,449$6,376$5,437$4,621$3,915$3,171
16 years$6,911$5,850$4,930$4,137$3,460$2,756
17 years$6,437$5,388$4,486$3,717$3,068$2,402
18 years$6,016$4,979$4,095$3,350$2,728$2,099
19 years$5,640$4,614$3,749$3,027$2,432$1,838
20 years$5,302$4,288$3,440$2,742$2,172$1,612
21 years$4,996$3,994$3,164$2,488$1,944$1,416
22 years$4,719$3,728$2,917$2,262$1,742$1,246
23 years$4,466$3,487$2,693$2,060$1,564$1,098
24 years$4,235$3,267$2,491$1,879$1,406$968
25 years$4,022$3,066$2,307$1,716$1,265$855
26 years$3,826$2,881$2,139$1,569$1,139$755
27 years$3,645$2,712$1,987$1,436$1,027$668
28 years$3,477$2,555$1,847$1,316$927$591
29 years$3,321$2,411$1,719$1,207$837$523
30 years$3,175$2,276$1,601$1,108$756$463
31 years$3,040$2,152$1,492$1,017$684$410
32 years$2,913$2,036$1,392$935$618$363
33 years$2,794$1,928$1,300$860$560$322
34 years$2,682$1,828$1,215$791$507$286
35 years$2,577$1,733$1,136$728$459$253
36 years$2,478$1,645$1,062$671$416$225
37 years$2,384$1,563$994$618$377$200
38 years$2,296$1,485$931$569$342$177
39 years$2,212$1,412$872$525$310$157
40 years$2,133$1,344$818$484$281$140
41 years$2,058$1,279$767$447$255$124
42 years$1,986$1,218$719$412$231$110
43 years$1,918$1,161$675$381$210$98
44 years$1,854$1,106$634$351$191$87
45 years$1,792$1,055$595$325$173$77
46 years$1,733$1,006$559$300$157$69
47 years$1,677$960$525$277$143$61
48 years$1,623$917$493$256$130$54
49 years$1,572$875$464$237$118$48
50 years$1,523$836$436$219$107$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,560,000, adding $4,210 every year, while hoping to spend $20,050 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: 58/15/27 Blend
77$1,560,000$1,560,000$1,560,000$1,560,000
78$1,723,463$1,640,783$1,616,603$1,810,522
79$1,877,923$1,699,848$1,649,426$1,929,640
80$2,047,466$1,761,135$1,682,676$2,056,978
81$2,233,609$1,824,733$1,716,348$2,195,409
82$2,438,024$1,890,732$1,750,432$2,346,013
83$2,662,552$1,959,227$1,784,921$2,509,979
84$2,909,221$2,030,317$1,819,805$2,688,618
85$3,180,265$2,104,107$1,855,072$2,883,369
86$3,478,147$2,180,702$1,890,711$3,095,822
87$3,805,577$2,260,216$1,926,710$3,327,722
88$4,165,544$2,342,765$1,963,053$3,580,994
89$4,561,339$2,428,471$1,999,725$3,857,757
90$4,996,590$2,517,459$2,036,709$4,160,343
91$5,475,290$2,609,863$2,073,987$4,491,323
92$6,001,843$2,705,820$2,111,539$4,853,525
93$6,581,099$2,805,473$2,149,343$5,250,068
94$7,218,401$2,908,971$2,187,377$5,684,383
95$7,919,638$3,016,471$2,225,614$6,160,252
96$8,691,298$3,128,135$2,264,029$6,681,839
97$9,540,528$3,244,131$2,302,592$7,253,732
98$10,475,206$3,364,637$2,341,272$7,880,984
99$11,504,009$3,489,837$2,380,037$8,569,163
100$12,636,501$3,619,921$2,418,851$9,324,400