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%17%
1 years$133,778$132,586$131,424$130,289$129,181$125,499
2 years$66,227$64,993$63,798$62,639$61,515$57,833
3 years$43,713$42,474$41,282$40,133$39,028$35,463
4 years$32,458$31,223$30,042$28,914$27,835$24,414
5 years$25,707$24,479$23,314$22,209$21,160$17,892
6 years$21,207$19,989$18,841$17,760$16,743$13,631
7 years$17,995$16,787$15,657$14,602$13,616$10,661
8 years$15,586$14,389$13,279$12,249$11,296$8,495
9 years$13,714$12,528$11,437$10,434$9,513$6,864
10 years$12,217$11,043$9,971$8,994$8,106$5,604
11 years$10,994$9,831$8,778$7,827$6,971$4,614
12 years$9,974$8,824$7,790$6,866$6,041$3,823
13 years$9,113$7,974$6,960$6,061$5,268$3,185
14 years$8,375$7,248$6,254$5,381$4,618$2,664
15 years$7,736$6,622$5,646$4,798$4,066$2,237
16 years$7,177$6,075$5,119$4,297$3,593$1,883
17 years$6,685$5,595$4,658$3,860$3,186$1,589
18 years$6,248$5,170$4,252$3,479$2,833$1,344
19 years$5,857$4,791$3,893$3,144$2,525$1,138
20 years$5,506$4,452$3,573$2,847$2,255$965
21 years$5,189$4,147$3,286$2,584$2,018$820
22 years$4,900$3,871$3,029$2,349$1,809$697
23 years$4,638$3,621$2,797$2,140$1,624$593
24 years$4,397$3,392$2,586$1,951$1,460$504
25 years$4,177$3,184$2,395$1,782$1,314$430
26 years$3,973$2,992$2,222$1,630$1,183$366
27 years$3,785$2,816$2,063$1,492$1,067$312
28 years$3,611$2,653$1,918$1,367$963$266
29 years$3,449$2,503$1,785$1,253$869$227
30 years$3,298$2,364$1,662$1,150$785$194
31 years$3,157$2,235$1,550$1,056$710$165
32 years$3,025$2,115$1,446$971$642$141
33 years$2,901$2,003$1,350$893$581$121
34 years$2,785$1,898$1,261$821$526$103
35 years$2,676$1,800$1,179$756$477$88
36 years$2,573$1,709$1,103$696$432$75
37 years$2,476$1,623$1,033$642$391$64
38 years$2,384$1,542$967$591$355$55
39 years$2,297$1,467$906$545$322$47
40 years$2,215$1,395$849$503$292$40
41 years$2,137$1,328$796$464$265$34
42 years$2,062$1,265$747$428$240$29
43 years$1,992$1,205$701$395$218$25
44 years$1,925$1,149$658$365$198$21
45 years$1,861$1,095$618$337$180$18
46 years$1,800$1,045$580$311$163$16
47 years$1,742$997$545$288$148$13
48 years$1,686$952$512$266$135$11
49 years$1,633$909$481$246$122$10
50 years$1,582$868$453$227$111$8

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 $6,136 every year, while hoping to spend $45,225 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: 59/23/18 Blend
77$1,620,000$1,620,000$1,620,000$1,620,000
78$1,791,569$1,705,709$1,680,599$1,888,530
79$1,926,190$1,741,170$1,688,780$1,990,355
80$2,073,027$1,776,853$1,695,720$2,095,842
81$2,233,277$1,812,720$1,701,328$2,209,852
82$2,408,261$1,848,732$1,705,511$2,333,215
83$2,599,429$1,884,846$1,708,171$2,466,845
84$2,808,380$1,921,012$1,709,205$2,611,752
85$3,036,874$1,957,181$1,708,502$2,769,047
86$3,286,849$1,993,297$1,705,951$2,939,956
87$3,560,438$2,029,299$1,701,431$3,125,830
88$3,859,990$2,065,123$1,694,817$3,328,156
89$4,188,093$2,100,698$1,685,977$3,548,576
90$4,547,596$2,135,949$1,674,774$3,788,899
91$4,941,636$2,170,796$1,661,064$4,051,118
92$5,373,669$2,205,151$1,644,696$4,337,431
93$5,847,501$2,238,920$1,625,511$4,650,262
94$6,367,323$2,272,005$1,603,343$4,992,280
95$6,937,754$2,304,298$1,578,019$5,366,430
96$7,563,880$2,335,683$1,549,357$5,775,957
97$8,251,302$2,366,037$1,517,167$6,224,439
98$9,006,192$2,395,231$1,481,250$6,715,821
99$9,835,349$2,423,122$1,441,396$7,254,449
100$10,746,261$2,449,561$1,397,390$7,845,117