Can I retire at age 78 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$140,384$139,134$137,914$136,723$135,560$132,122
2 years$69,497$68,203$66,949$65,732$64,553$61,111
3 years$45,871$44,571$43,320$42,115$40,955$37,618
4 years$34,061$32,765$31,526$30,342$29,209$26,002
5 years$26,976$25,688$24,465$23,305$22,204$19,136
6 years$22,255$20,976$19,772$18,637$17,570$14,643
7 years$18,883$17,616$16,430$15,323$14,289$11,504
8 years$16,356$15,100$13,934$12,854$11,854$9,210
9 years$14,392$13,147$12,002$10,949$9,983$7,478
10 years$12,821$11,589$10,463$9,438$8,506$6,136
11 years$11,537$10,317$9,212$8,214$7,315$5,078
12 years$10,467$9,260$8,175$7,205$6,339$4,230
13 years$9,563$8,368$7,304$6,361$5,528$3,543
14 years$8,788$7,606$6,563$5,646$4,846$2,980
15 years$8,118$6,949$5,925$5,035$4,267$2,516
16 years$7,532$6,375$5,372$4,509$3,771$2,130
17 years$7,015$5,871$4,888$4,051$3,343$1,808
18 years$6,556$5,425$4,462$3,651$2,973$1,538
19 years$6,146$5,028$4,085$3,299$2,650$1,310
20 years$5,778$4,672$3,749$2,988$2,367$1,118
21 years$5,445$4,352$3,448$2,712$2,118$955
22 years$5,142$4,063$3,178$2,465$1,899$817
23 years$4,867$3,800$2,935$2,245$1,704$699
24 years$4,615$3,560$2,714$2,048$1,532$599
25 years$4,383$3,341$2,514$1,870$1,378$514
26 years$4,169$3,140$2,331$1,710$1,242$441
27 years$3,972$2,955$2,165$1,565$1,119$378
28 years$3,789$2,784$2,013$1,434$1,010$325
29 years$3,619$2,627$1,873$1,315$912$279
30 years$3,460$2,481$1,744$1,207$824$239
31 years$3,313$2,345$1,626$1,108$745$206
32 years$3,174$2,219$1,517$1,019$674$177
33 years$3,044$2,101$1,417$937$610$152
34 years$2,923$1,992$1,324$862$552$131
35 years$2,808$1,889$1,238$793$500$112
36 years$2,700$1,793$1,158$731$453$97
37 years$2,598$1,703$1,084$673$411$83
38 years$2,502$1,618$1,015$621$372$71
39 years$2,411$1,539$951$572$338$61
40 years$2,324$1,464$891$528$306$53
41 years$2,242$1,394$836$487$278$45
42 years$2,164$1,327$784$449$252$39
43 years$2,090$1,265$736$415$229$34
44 years$2,020$1,206$690$383$208$29
45 years$1,953$1,150$648$354$189$25
46 years$1,889$1,097$609$327$171$21
47 years$1,828$1,047$572$302$155$18
48 years$1,769$999$538$279$141$16
49 years$1,713$954$505$258$128$14
50 years$1,660$911$475$238$116$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,700,000, adding $5,536 every year, while hoping to spend $42,610 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: 55/28/17 Blend
77$1,700,000$1,700,000$1,700,000$1,700,000
78$1,879,110$1,789,010$1,762,660$1,973,656
79$2,025,443$1,831,335$1,776,373$2,081,044
80$2,185,273$1,874,306$1,789,116$2,192,886
81$2,359,933$1,917,909$1,800,814$2,313,720
82$2,550,889$1,962,129$1,811,384$2,444,419
83$2,759,755$2,006,949$1,820,740$2,585,939
84$2,988,308$2,052,348$1,828,794$2,739,337
85$3,238,507$2,098,303$1,835,449$2,905,776
86$3,512,505$2,144,791$1,840,607$3,086,537
87$3,812,677$2,191,782$1,844,164$3,283,032
88$4,141,636$2,239,245$1,846,010$3,496,817
89$4,502,261$2,287,146$1,846,029$3,729,608
90$4,897,722$2,335,447$1,844,102$3,983,292
91$5,331,512$2,384,106$1,840,101$4,259,953
92$5,807,476$2,433,077$1,833,894$4,561,885
93$6,329,852$2,482,311$1,825,343$4,891,616
94$6,903,305$2,531,752$1,814,300$5,251,934
95$7,532,976$2,581,342$1,800,613$5,645,910
96$8,224,528$2,631,016$1,784,122$6,076,930
97$8,984,198$2,680,705$1,764,659$6,548,724
98$9,818,859$2,730,333$1,742,048$7,065,405
99$10,736,082$2,779,817$1,716,105$7,631,504
100$11,744,205$2,829,072$1,686,637$8,252,018