Can I retire at age 78 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$133,778$132,586$131,424$130,289$129,181$126,469
2 years$66,227$64,993$63,798$62,639$61,515$58,796
3 years$43,713$42,474$41,282$40,133$39,028$36,386
4 years$32,458$31,223$30,042$28,914$27,835$25,291
5 years$25,707$24,479$23,314$22,209$21,160$18,720
6 years$21,207$19,989$18,841$17,760$16,743$14,411
7 years$17,995$16,787$15,657$14,602$13,616$11,393
8 years$15,586$14,389$13,279$12,249$11,296$9,180
9 years$13,714$12,528$11,437$10,434$9,513$7,502
10 years$12,217$11,043$9,971$8,994$8,106$6,199
11 years$10,994$9,831$8,778$7,827$6,971$5,165
12 years$9,974$8,824$7,790$6,866$6,041$4,334
13 years$9,113$7,974$6,960$6,061$5,268$3,657
14 years$8,375$7,248$6,254$5,381$4,618$3,099
15 years$7,736$6,622$5,646$4,798$4,066$2,636
16 years$7,177$6,075$5,119$4,297$3,593$2,250
17 years$6,685$5,595$4,658$3,860$3,186$1,925
18 years$6,248$5,170$4,252$3,479$2,833$1,650
19 years$5,857$4,791$3,893$3,144$2,525$1,418
20 years$5,506$4,452$3,573$2,847$2,255$1,220
21 years$5,189$4,147$3,286$2,584$2,018$1,051
22 years$4,900$3,871$3,029$2,349$1,809$907
23 years$4,638$3,621$2,797$2,140$1,624$783
24 years$4,397$3,392$2,586$1,951$1,460$677
25 years$4,177$3,184$2,395$1,782$1,314$585
26 years$3,973$2,992$2,222$1,630$1,183$506
27 years$3,785$2,816$2,063$1,492$1,067$438
28 years$3,611$2,653$1,918$1,367$963$380
29 years$3,449$2,503$1,785$1,253$869$329
30 years$3,298$2,364$1,662$1,150$785$285
31 years$3,157$2,235$1,550$1,056$710$247
32 years$3,025$2,115$1,446$971$642$214
33 years$2,901$2,003$1,350$893$581$186
34 years$2,785$1,898$1,261$821$526$161
35 years$2,676$1,800$1,179$756$477$140
36 years$2,573$1,709$1,103$696$432$122
37 years$2,476$1,623$1,033$642$391$106
38 years$2,384$1,542$967$591$355$92
39 years$2,297$1,467$906$545$322$80
40 years$2,215$1,395$849$503$292$69
41 years$2,137$1,328$796$464$265$60
42 years$2,062$1,265$747$428$240$52
43 years$1,992$1,205$701$395$218$45
44 years$1,925$1,149$658$365$198$39
45 years$1,861$1,095$618$337$180$34
46 years$1,800$1,045$580$311$163$30
47 years$1,742$997$545$288$148$26
48 years$1,686$952$512$266$135$22
49 years$1,633$909$481$246$122$19
50 years$1,582$868$453$227$111$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,620,000, adding $3,008 every year, while hoping to spend $28,296 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$1,620,000$1,620,000$1,620,000$1,620,000
78$1,788,343$1,702,483$1,677,373$1,878,751
79$1,940,647$1,755,798$1,703,458$1,994,275
80$2,107,538$1,810,777$1,729,469$2,116,926
81$2,290,473$1,867,471$1,755,373$2,250,074
82$2,491,059$1,925,935$1,781,135$2,394,745
83$2,711,064$1,986,223$1,806,720$2,552,067
84$2,952,436$2,048,391$1,832,088$2,723,285
85$3,217,320$2,112,498$1,857,199$2,909,766
86$3,508,080$2,178,604$1,882,009$3,113,019
87$3,827,319$2,246,770$1,906,471$3,334,705
88$4,177,906$2,317,062$1,930,538$3,576,654
89$4,562,998$2,389,544$1,954,156$3,840,880
90$4,986,077$2,464,284$1,977,273$4,129,604
91$5,450,975$2,541,353$1,999,831$4,445,270
92$5,961,918$2,620,822$2,021,768$4,790,574
93$6,523,557$2,702,766$2,043,021$5,168,483
94$7,141,019$2,787,261$2,063,522$5,582,267
95$7,819,953$2,874,386$2,083,199$6,035,528
96$8,566,579$2,964,223$2,101,978$6,532,236
97$9,387,756$3,056,855$2,119,779$7,076,763
98$10,291,034$3,152,368$2,136,520$7,673,928
99$11,284,738$3,250,852$2,152,111$8,329,040
100$12,378,036$3,352,399$2,166,461$9,047,948