Can I retire at age 78 with 1,720,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$142,036$140,771$139,536$138,332$137,155$136,120
2 years$70,315$69,005$67,736$66,506$65,312$64,268
3 years$46,411$45,096$43,830$42,611$41,437$40,417
4 years$34,461$33,150$31,897$30,699$29,553$28,565
5 years$27,293$25,990$24,753$23,580$22,466$21,512
6 years$22,516$21,223$20,004$18,857$17,776$16,858
7 years$19,106$17,823$16,624$15,503$14,457$13,575
8 years$16,549$15,278$14,098$13,005$11,993$11,148
9 years$14,561$13,302$12,143$11,078$10,100$9,291
10 years$12,972$11,725$10,586$9,549$8,606$7,832
11 years$11,672$10,438$9,320$8,310$7,401$6,662
12 years$10,590$9,369$8,271$7,289$6,414$5,709
13 years$9,675$8,466$7,390$6,435$5,593$4,922
14 years$8,892$7,696$6,640$5,713$4,903$4,265
15 years$8,213$7,030$5,995$5,095$4,317$3,711
16 years$7,620$6,450$5,435$4,562$3,815$3,240
17 years$7,098$5,940$4,946$4,099$3,383$2,838
18 years$6,633$5,489$4,515$3,694$3,008$2,492
19 years$6,219$5,087$4,133$3,338$2,681$2,193
20 years$5,846$4,727$3,793$3,023$2,395$1,933
21 years$5,509$4,403$3,489$2,743$2,143$1,708
22 years$5,203$4,110$3,216$2,494$1,921$1,510
23 years$4,924$3,844$2,969$2,272$1,724$1,338
24 years$4,669$3,602$2,746$2,072$1,550$1,186
25 years$4,434$3,380$2,543$1,892$1,395$1,053
26 years$4,218$3,177$2,359$1,730$1,256$935
27 years$4,019$2,990$2,190$1,584$1,133$831
28 years$3,834$2,817$2,036$1,451$1,022$740
29 years$3,661$2,658$1,895$1,331$923$658
30 years$3,501$2,510$1,765$1,221$834$586
31 years$3,352$2,373$1,645$1,121$754$522
32 years$3,212$2,245$1,535$1,031$682$466
33 years$3,080$2,126$1,433$948$617$415
34 years$2,957$2,015$1,339$872$559$370
35 years$2,841$1,911$1,252$803$506$331
36 years$2,732$1,814$1,171$739$459$295
37 years$2,629$1,723$1,096$681$416$263
38 years$2,531$1,637$1,027$628$377$235
39 years$2,439$1,557$962$579$342$210
40 years$2,352$1,481$902$534$310$188
41 years$2,269$1,410$845$493$281$168
42 years$2,190$1,343$793$455$255$150
43 years$2,115$1,280$744$420$232$134
44 years$2,044$1,220$699$388$210$120
45 years$1,976$1,163$656$358$191$107
46 years$1,911$1,110$616$331$173$96
47 years$1,849$1,059$579$305$157$85
48 years$1,790$1,011$544$282$143$76
49 years$1,733$965$511$261$130$68
50 years$1,679$922$481$241$118$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,720,000, adding $3,365 every year, while hoping to spend $48,547 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: 63/8/29 Blend