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

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$129,649$128,494$127,368$126,268$125,194$123,732
2 years$64,183$62,987$61,829$60,706$59,616$58,145
3 years$42,363$41,163$40,007$38,895$37,823$36,388
4 years$31,456$30,259$29,115$28,021$26,976$25,588
5 years$24,913$23,724$22,595$21,523$20,506$19,170
6 years$20,553$19,372$18,260$17,212$16,226$14,942
7 years$17,439$16,269$15,174$14,151$13,196$11,966
8 years$15,105$13,945$12,869$11,871$10,947$9,770
9 years$13,291$12,142$11,084$10,111$9,219$8,095
10 years$11,840$10,702$9,663$8,716$7,855$6,783
11 years$10,654$9,528$8,507$7,586$6,756$5,734
12 years$9,667$8,552$7,550$6,654$5,854$4,883
13 years$8,831$7,728$6,745$5,874$5,105$4,183
14 years$8,116$7,025$6,061$5,214$4,475$3,600
15 years$7,497$6,417$5,472$4,650$3,940$3,111
16 years$6,956$5,888$4,961$4,164$3,482$2,698
17 years$6,479$5,422$4,515$3,741$3,088$2,347
18 years$6,055$5,010$4,121$3,372$2,746$2,046
19 years$5,676$4,644$3,773$3,047$2,447$1,788
20 years$5,336$4,315$3,462$2,759$2,186$1,565
21 years$5,028$4,019$3,185$2,504$1,956$1,372
22 years$4,749$3,752$2,935$2,277$1,753$1,204
23 years$4,495$3,509$2,710$2,074$1,574$1,058
24 years$4,262$3,288$2,506$1,891$1,415$931
25 years$4,048$3,085$2,321$1,727$1,273$820
26 years$3,850$2,900$2,153$1,579$1,147$723
27 years$3,668$2,729$1,999$1,446$1,034$638
28 years$3,499$2,572$1,859$1,324$933$563
29 years$3,342$2,426$1,730$1,215$842$497
30 years$3,196$2,291$1,611$1,115$761$439
31 years$3,059$2,166$1,502$1,024$688$388
32 years$2,931$2,049$1,401$941$622$343
33 years$2,812$1,941$1,308$865$563$303
34 years$2,699$1,839$1,223$796$510$268
35 years$2,593$1,745$1,143$733$462$237
36 years$2,494$1,656$1,069$675$419$210
37 years$2,399$1,573$1,001$622$379$186
38 years$2,310$1,495$937$573$344$165
39 years$2,226$1,421$878$528$312$146
40 years$2,146$1,352$823$487$283$129
41 years$2,071$1,287$772$450$257$114
42 years$1,999$1,226$724$415$233$101
43 years$1,930$1,168$679$383$211$90
44 years$1,865$1,113$638$354$192$79
45 years$1,803$1,062$599$327$174$70
46 years$1,744$1,013$562$302$158$62
47 years$1,688$967$528$279$144$55
48 years$1,634$923$496$258$130$49
49 years$1,582$881$467$238$118$43
50 years$1,533$842$439$220$108$38

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 $6,951 every year, while hoping to spend $29,719 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: 73/20/7 Blend
77$1,570,000$1,570,000$1,570,000$1,570,000
78$1,737,310$1,654,100$1,629,765$1,861,911
79$1,882,895$1,703,530$1,652,741$1,994,420
80$2,042,333$1,754,386$1,675,491$2,135,084
81$2,217,007$1,806,707$1,697,976$2,288,294
82$2,408,438$1,860,531$1,720,154$2,455,281
83$2,618,301$1,915,900$1,741,982$2,637,398
84$2,848,443$1,972,854$1,763,414$2,836,135
85$3,100,896$2,031,436$1,784,400$3,053,133
86$3,377,900$2,091,689$1,804,890$3,290,199
87$3,681,920$2,153,656$1,824,828$3,549,321
88$4,015,674$2,217,384$1,844,158$3,832,692
89$4,382,154$2,282,917$1,862,819$4,142,724
90$4,784,657$2,350,303$1,880,746$4,482,073
91$5,226,814$2,419,590$1,897,873$4,853,668
92$5,712,626$2,490,827$1,914,129$5,260,731
93$6,246,500$2,564,064$1,929,439$5,706,813
94$6,833,292$2,639,351$1,943,723$6,195,825
95$7,478,350$2,716,742$1,956,901$6,732,076
96$8,187,569$2,796,289$1,968,883$7,320,311
97$8,967,440$2,878,046$1,979,580$7,965,759
98$9,825,117$2,962,069$1,988,894$8,674,179
99$10,768,481$3,048,413$1,996,725$9,451,915
100$11,806,217$3,137,136$2,002,966$10,305,957