Can I retire at age 78 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$129,649$128,494$127,368$126,268$125,194$124,041
2 years$64,183$62,987$61,829$60,706$59,616$58,455
3 years$42,363$41,163$40,007$38,895$37,823$36,689
4 years$31,456$30,259$29,115$28,021$26,976$25,878
5 years$24,913$23,724$22,595$21,523$20,506$19,448
6 years$20,553$19,372$18,260$17,212$16,226$15,208
7 years$17,439$16,269$15,174$14,151$13,196$12,219
8 years$15,105$13,945$12,869$11,871$10,947$10,012
9 years$13,291$12,142$11,084$10,111$9,219$8,324
10 years$11,840$10,702$9,663$8,716$7,855$7,000
11 years$10,654$9,528$8,507$7,586$6,756$5,940
12 years$9,667$8,552$7,550$6,654$5,854$5,078
13 years$8,831$7,728$6,745$5,874$5,105$4,366
14 years$8,116$7,025$6,061$5,214$4,475$3,773
15 years$7,497$6,417$5,472$4,650$3,940$3,274
16 years$6,956$5,888$4,961$4,164$3,482$2,851
17 years$6,479$5,422$4,515$3,741$3,088$2,490
18 years$6,055$5,010$4,121$3,372$2,746$2,180
19 years$5,676$4,644$3,773$3,047$2,447$1,913
20 years$5,336$4,315$3,462$2,759$2,186$1,682
21 years$5,028$4,019$3,185$2,504$1,956$1,481
22 years$4,749$3,752$2,935$2,277$1,753$1,306
23 years$4,495$3,509$2,710$2,074$1,574$1,153
24 years$4,262$3,288$2,506$1,891$1,415$1,020
25 years$4,048$3,085$2,321$1,727$1,273$902
26 years$3,850$2,900$2,153$1,579$1,147$799
27 years$3,668$2,729$1,999$1,446$1,034$708
28 years$3,499$2,572$1,859$1,324$933$628
29 years$3,342$2,426$1,730$1,215$842$557
30 years$3,196$2,291$1,611$1,115$761$494
31 years$3,059$2,166$1,502$1,024$688$439
32 years$2,931$2,049$1,401$941$622$390
33 years$2,812$1,941$1,308$865$563$347
34 years$2,699$1,839$1,223$796$510$308
35 years$2,593$1,745$1,143$733$462$274
36 years$2,494$1,656$1,069$675$419$244
37 years$2,399$1,573$1,001$622$379$217
38 years$2,310$1,495$937$573$344$193
39 years$2,226$1,421$878$528$312$172
40 years$2,146$1,352$823$487$283$153
41 years$2,071$1,287$772$450$257$136
42 years$1,999$1,226$724$415$233$121
43 years$1,930$1,168$679$383$211$108
44 years$1,865$1,113$638$354$192$96
45 years$1,803$1,062$599$327$174$86
46 years$1,744$1,013$562$302$158$76
47 years$1,688$967$528$279$144$68
48 years$1,634$923$496$258$130$61
49 years$1,582$881$467$238$118$54
50 years$1,533$842$439$220$108$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,570,000, adding $4,744 every year, while hoping to spend $35,536 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: 57/24/19 Blend
77$1,570,000$1,570,000$1,570,000$1,570,000
78$1,735,033$1,651,823$1,627,488$1,824,916
79$1,874,197$1,694,953$1,644,199$1,929,726
80$2,026,364$1,739,004$1,660,279$2,039,647
81$2,192,823$1,783,986$1,675,669$2,158,647
82$2,374,995$1,829,905$1,690,307$2,287,608
83$2,574,440$1,876,766$1,704,128$2,427,499
84$2,792,881$1,924,575$1,717,064$2,579,390
85$3,032,211$1,973,336$1,729,043$2,744,457
86$3,294,519$2,023,052$1,739,988$2,923,998
87$3,582,103$2,073,724$1,749,820$3,119,442
88$3,897,493$2,125,353$1,758,455$3,332,361
89$4,243,479$2,177,937$1,765,805$3,564,491
90$4,623,132$2,231,473$1,771,777$3,817,741
91$5,039,833$2,285,957$1,776,274$4,094,215
92$5,497,311$2,341,384$1,779,193$4,396,234
93$5,999,668$2,397,743$1,780,428$4,726,353
94$6,551,427$2,455,026$1,779,865$5,087,386
95$7,157,570$2,513,219$1,777,388$5,482,437
96$7,823,582$2,572,307$1,772,871$5,914,924
97$8,555,510$2,632,273$1,766,184$6,388,615
98$9,360,013$2,693,095$1,757,193$6,907,662
99$10,244,429$2,754,751$1,745,753$7,476,638
100$11,216,840$2,817,213$1,731,715$8,100,587