Can I retire at age 78 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$146,991$145,681$144,404$143,157$141,940$140,282
2 years$72,768$71,412$70,099$68,826$67,590$65,922
3 years$48,030$46,669$45,359$44,097$42,882$41,255
4 years$35,663$34,307$33,010$31,770$30,584$29,010
5 years$28,246$26,897$25,617$24,402$23,249$21,734
6 years$23,302$21,963$20,702$19,515$18,396$16,941
7 years$19,772$18,445$17,204$16,044$14,961$13,566
8 years$17,126$15,810$14,590$13,459$12,412$11,077
9 years$15,069$13,766$12,566$11,464$10,453$9,178
10 years$13,424$12,134$10,956$9,882$8,906$7,690
11 years$12,079$10,802$9,645$8,600$7,660$6,502
12 years$10,960$9,695$8,560$7,544$6,638$5,536
13 years$10,013$8,762$7,648$6,660$5,788$4,742
14 years$9,202$7,964$6,871$5,912$5,074$4,082
15 years$8,500$7,275$6,204$5,272$4,467$3,528
16 years$7,886$6,675$5,625$4,721$3,948$3,059
17 years$7,345$6,148$5,118$4,242$3,501$2,660
18 years$6,865$5,681$4,672$3,823$3,113$2,320
19 years$6,436$5,265$4,277$3,454$2,774$2,027
20 years$6,050$4,892$3,926$3,128$2,478$1,774
21 years$5,701$4,557$3,611$2,839$2,218$1,555
22 years$5,384$4,254$3,328$2,581$1,988$1,365
23 years$5,096$3,978$3,073$2,351$1,784$1,200
24 years$4,832$3,728$2,842$2,144$1,604$1,056
25 years$4,589$3,498$2,632$1,958$1,443$930
26 years$4,366$3,288$2,441$1,790$1,300$820
27 years$4,159$3,094$2,267$1,639$1,172$723
28 years$3,967$2,916$2,107$1,502$1,058$638
29 years$3,789$2,750$1,961$1,377$955$563
30 years$3,623$2,598$1,827$1,264$863$498
31 years$3,468$2,456$1,703$1,161$780$440
32 years$3,324$2,323$1,589$1,067$706$389
33 years$3,188$2,200$1,483$981$639$344
34 years$3,060$2,085$1,386$902$578$304
35 years$2,940$1,978$1,296$831$524$269
36 years$2,827$1,877$1,212$765$475$238
37 years$2,720$1,783$1,135$705$430$211
38 years$2,619$1,695$1,063$650$390$187
39 years$2,524$1,611$995$599$354$165
40 years$2,434$1,533$933$553$321$146
41 years$2,348$1,459$875$510$291$130
42 years$2,266$1,390$821$471$264$115
43 years$2,189$1,324$770$434$240$102
44 years$2,115$1,262$723$401$217$90
45 years$2,045$1,204$679$370$197$80
46 years$1,978$1,148$638$342$179$71
47 years$1,914$1,096$599$316$163$63
48 years$1,852$1,046$563$292$148$56
49 years$1,794$999$529$270$134$49
50 years$1,738$954$497$250$122$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,780,000, adding $3,461 every year, while hoping to spend $52,580 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: 87/6/7 Blend
77$1,780,000$1,780,000$1,780,000$1,780,000
78$1,965,130$1,870,790$1,843,200$2,134,807
79$2,109,629$1,906,514$1,849,003$2,281,608
80$2,267,104$1,942,226$1,853,237$2,435,305
81$2,438,824$1,977,871$1,855,796$2,602,539
82$2,626,184$2,013,386$1,856,565$2,784,636
83$2,830,721$2,048,709$1,855,426$2,983,057
84$3,054,125$2,083,766$1,852,254$3,199,408
85$3,298,259$2,118,484$1,846,918$3,435,462
86$3,565,172$2,152,781$1,839,280$3,693,168
87$3,857,121$2,186,568$1,829,197$3,974,674
88$4,176,590$2,219,752$1,816,518$4,282,345
89$4,526,315$2,252,233$1,801,084$4,618,787
90$4,909,309$2,283,902$1,782,730$4,986,870
91$5,328,889$2,314,644$1,761,283$5,389,755
92$5,788,710$2,344,336$1,736,560$5,830,924
93$6,292,796$2,372,845$1,708,372$6,314,214
94$6,845,577$2,400,031$1,676,518$6,843,851
95$7,451,936$2,425,743$1,640,792$7,424,489
96$8,117,250$2,449,820$1,600,974$8,061,258
97$8,847,439$2,472,092$1,556,837$8,759,810
98$9,649,028$2,492,375$1,508,142$9,526,368
99$10,529,203$2,510,474$1,454,638$10,367,794
100$11,495,878$2,526,184$1,396,065$11,291,644