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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$133,778$132,586$131,424$130,289$129,181$128,421
2 years$66,227$64,993$63,798$62,639$61,515$60,748
3 years$43,713$42,474$41,282$40,133$39,028$38,277
4 years$32,458$31,223$30,042$28,914$27,835$27,107
5 years$25,707$24,479$23,314$22,209$21,160$20,457
6 years$21,207$19,989$18,841$17,760$16,743$16,066
7 years$17,995$16,787$15,657$14,602$13,616$12,966
8 years$15,586$14,389$13,279$12,249$11,296$10,672
9 years$13,714$12,528$11,437$10,434$9,513$8,915
10 years$12,217$11,043$9,971$8,994$8,106$7,533
11 years$10,994$9,831$8,778$7,827$6,971$6,424
12 years$9,974$8,824$7,790$6,866$6,041$5,519
13 years$9,113$7,974$6,960$6,061$5,268$4,770
14 years$8,375$7,248$6,254$5,381$4,618$4,144
15 years$7,736$6,622$5,646$4,798$4,066$3,615
16 years$7,177$6,075$5,119$4,297$3,593$3,165
17 years$6,685$5,595$4,658$3,860$3,186$2,780
18 years$6,248$5,170$4,252$3,479$2,833$2,448
19 years$5,857$4,791$3,893$3,144$2,525$2,160
20 years$5,506$4,452$3,573$2,847$2,255$1,910
21 years$5,189$4,147$3,286$2,584$2,018$1,692
22 years$4,900$3,871$3,029$2,349$1,809$1,501
23 years$4,638$3,621$2,797$2,140$1,624$1,334
24 years$4,397$3,392$2,586$1,951$1,460$1,186
25 years$4,177$3,184$2,395$1,782$1,314$1,056
26 years$3,973$2,992$2,222$1,630$1,183$941
27 years$3,785$2,816$2,063$1,492$1,067$839
28 years$3,611$2,653$1,918$1,367$963$749
29 years$3,449$2,503$1,785$1,253$869$669
30 years$3,298$2,364$1,662$1,150$785$598
31 years$3,157$2,235$1,550$1,056$710$534
32 years$3,025$2,115$1,446$971$642$478
33 years$2,901$2,003$1,350$893$581$427
34 years$2,785$1,898$1,261$821$526$383
35 years$2,676$1,800$1,179$756$477$342
36 years$2,573$1,709$1,103$696$432$307
37 years$2,476$1,623$1,033$642$391$275
38 years$2,384$1,542$967$591$355$246
39 years$2,297$1,467$906$545$322$221
40 years$2,215$1,395$849$503$292$198
41 years$2,137$1,328$796$464$265$177
42 years$2,062$1,265$747$428$240$159
43 years$1,992$1,205$701$395$218$142
44 years$1,925$1,149$658$365$198$128
45 years$1,861$1,095$618$337$180$115
46 years$1,800$1,045$580$311$163$103
47 years$1,742$997$545$288$148$92
48 years$1,686$952$512$266$135$83
49 years$1,633$909$481$246$122$74
50 years$1,582$868$453$227$111$67

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 $2,381 every year, while hoping to spend $34,746 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: 67/16/17 Blend
77$1,620,000$1,620,000$1,620,000$1,620,000
78$1,787,696$1,701,836$1,676,726$1,899,955
79$1,933,072$1,748,256$1,695,927$2,021,684
80$2,092,111$1,795,787$1,714,606$2,150,464
81$2,266,171$1,844,445$1,732,710$2,290,425
82$2,456,746$1,894,249$1,750,182$2,442,665
83$2,665,482$1,945,215$1,766,961$2,608,389
84$2,894,190$1,997,360$1,782,983$2,788,929
85$3,144,867$2,050,700$1,798,182$2,985,748
86$3,419,710$2,105,250$1,812,488$3,200,460
87$3,721,140$2,161,027$1,825,826$3,434,841
88$4,051,824$2,218,045$1,838,119$3,690,850
89$4,414,698$2,276,317$1,849,284$3,970,642
90$4,812,997$2,335,857$1,859,234$4,276,594
91$5,250,284$2,396,675$1,867,881$4,611,322
92$5,730,485$2,458,785$1,875,127$4,977,709
93$6,257,924$2,522,194$1,880,873$5,378,933
94$6,837,364$2,586,914$1,885,014$5,818,494
95$7,474,052$2,652,950$1,887,439$6,300,248
96$8,173,770$2,720,309$1,888,033$6,828,444
97$8,942,886$2,788,995$1,886,674$7,407,765
98$9,788,417$2,859,013$1,883,233$8,043,368
99$10,718,093$2,930,361$1,877,579$8,740,938
100$11,740,430$3,003,041$1,869,569$9,506,739