Can I retire at age 78 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$139,559$138,316$137,103$135,919$134,763$133,079
2 years$69,088$67,802$66,555$65,346$64,173$62,478
3 years$45,601$44,309$43,065$41,868$40,714$39,062
4 years$33,860$32,572$31,341$30,163$29,037$27,440
5 years$26,817$25,537$24,322$23,168$22,074$20,536
6 years$22,124$20,853$19,655$18,528$17,466$15,990
7 years$18,772$17,512$16,334$15,233$14,205$12,790
8 years$16,260$15,011$13,852$12,778$11,784$10,432
9 years$14,307$13,070$11,931$10,884$9,924$8,633
10 years$12,745$11,520$10,402$9,382$8,456$7,225
11 years$11,469$10,256$9,157$8,166$7,272$6,101
12 years$10,405$9,205$8,127$7,162$6,302$5,188
13 years$9,507$8,319$7,261$6,323$5,495$4,438
14 years$8,737$7,562$6,524$5,613$4,817$3,815
15 years$8,070$6,908$5,890$5,006$4,241$3,293
16 years$7,487$6,338$5,340$4,482$3,749$2,851
17 years$6,974$5,837$4,860$4,027$3,324$2,476
18 years$6,518$5,393$4,436$3,629$2,955$2,156
19 years$6,110$4,999$4,061$3,279$2,634$1,881
20 years$5,744$4,645$3,727$2,970$2,353$1,644
21 years$5,413$4,327$3,428$2,696$2,106$1,439
22 years$5,112$4,039$3,160$2,451$1,887$1,262
23 years$4,838$3,777$2,917$2,232$1,694$1,107
24 years$4,587$3,539$2,698$2,036$1,523$973
25 years$4,357$3,321$2,499$1,859$1,370$855
26 years$4,145$3,121$2,318$1,700$1,234$752
27 years$3,949$2,938$2,152$1,556$1,113$663
28 years$3,767$2,768$2,001$1,426$1,004$584
29 years$3,598$2,611$1,862$1,307$907$515
30 years$3,440$2,466$1,734$1,200$819$454
31 years$3,293$2,331$1,617$1,102$741$400
32 years$3,156$2,206$1,508$1,013$670$353
33 years$3,027$2,089$1,408$931$606$312
34 years$2,905$1,980$1,316$857$549$276
35 years$2,791$1,878$1,230$789$497$243
36 years$2,684$1,782$1,151$726$451$215
37 years$2,583$1,693$1,077$669$408$190
38 years$2,487$1,609$1,009$617$370$168
39 years$2,396$1,530$945$569$336$148
40 years$2,310$1,456$886$525$304$131
41 years$2,229$1,386$831$484$276$116
42 years$2,152$1,320$779$447$251$103
43 years$2,078$1,257$731$412$227$91
44 years$2,008$1,198$686$381$206$80
45 years$1,941$1,143$644$352$187$71
46 years$1,878$1,090$605$325$170$63
47 years$1,817$1,040$569$300$155$56
48 years$1,759$993$534$277$140$49
49 years$1,703$948$502$256$127$43
50 years$1,650$906$472$237$116$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,690,000, adding $4,970 every year, while hoping to spend $22,504 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: 57/30/13 Blend
77$1,690,000$1,690,000$1,690,000$1,690,000
78$1,867,507$1,777,937$1,751,742$1,967,532
79$2,034,048$1,841,111$1,786,481$2,098,936
80$2,216,823$1,906,628$1,821,630$2,239,142
81$2,417,462$1,974,576$1,857,178$2,391,392
82$2,637,765$2,045,051$1,893,115$2,556,841
83$2,879,710$2,118,152$1,929,427$2,736,764
84$3,145,480$2,193,981$1,966,103$2,932,562
85$3,437,478$2,272,645$2,003,126$3,145,775
86$3,758,351$2,354,255$2,040,481$3,378,100
87$4,111,016$2,438,927$2,078,150$3,631,402
88$4,498,686$2,526,781$2,116,115$3,907,736
89$4,924,901$2,617,942$2,154,354$4,209,363
90$5,393,562$2,712,542$2,192,846$4,538,769
91$5,908,966$2,810,717$2,231,566$4,898,694
92$6,475,846$2,912,608$2,270,489$5,292,153
93$7,099,419$3,018,363$2,309,588$5,722,466
94$7,785,432$3,128,135$2,348,832$6,193,286
95$8,540,218$3,242,085$2,388,189$6,708,638
96$9,370,753$3,360,380$2,427,626$7,272,952
97$10,284,725$3,483,194$2,467,107$7,891,107
98$11,290,604$3,610,707$2,506,591$8,568,475
99$12,397,723$3,743,109$2,546,039$9,310,972
100$13,616,365$3,880,596$2,585,406$10,125,115