Can I retire at age 78 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$147,817$146,500$145,215$143,961$142,737$141,600
2 years$73,176$71,814$70,493$69,212$67,970$66,824
3 years$48,300$46,931$45,614$44,345$43,123$42,003
4 years$35,864$34,499$33,195$31,948$30,756$29,671
5 years$28,404$27,048$25,761$24,539$23,380$22,334
6 years$23,433$22,087$20,818$19,624$18,500$17,493
7 years$19,883$18,548$17,300$16,134$15,045$14,078
8 years$17,222$15,899$14,672$13,534$12,482$11,555
9 years$15,153$13,843$12,637$11,528$10,511$9,624
10 years$13,500$12,202$11,017$9,938$8,956$8,108
11 years$12,147$10,863$9,699$8,649$7,703$6,893
12 years$11,021$9,750$8,608$7,586$6,675$5,903
13 years$10,069$8,811$7,691$6,697$5,821$5,086
14 years$9,254$8,009$6,910$5,945$5,102$4,404
15 years$8,548$7,316$6,239$5,302$4,492$3,829
16 years$7,930$6,713$5,656$4,747$3,970$3,341
17 years$7,386$6,182$5,147$4,265$3,520$2,924
18 years$6,903$5,713$4,699$3,844$3,130$2,566
19 years$6,472$5,294$4,301$3,473$2,790$2,256
20 years$6,084$4,920$3,948$3,146$2,492$1,988
21 years$5,733$4,583$3,631$2,855$2,230$1,755
22 years$5,415$4,278$3,347$2,596$1,999$1,551
23 years$5,125$4,001$3,090$2,364$1,794$1,373
24 years$4,859$3,748$2,858$2,156$1,613$1,216
25 years$4,615$3,518$2,647$1,969$1,451$1,078
26 years$4,390$3,306$2,455$1,801$1,307$957
27 years$4,182$3,111$2,279$1,648$1,179$850
28 years$3,990$2,932$2,119$1,510$1,064$756
29 years$3,810$2,766$1,972$1,385$960$672
30 years$3,644$2,612$1,837$1,271$868$598
31 years$3,488$2,469$1,712$1,167$785$533
32 years$3,342$2,336$1,598$1,073$710$474
33 years$3,206$2,213$1,492$986$642$423
34 years$3,077$2,097$1,394$908$581$377
35 years$2,957$1,989$1,303$835$527$336
36 years$2,843$1,888$1,219$769$477$299
37 years$2,736$1,793$1,141$709$432$267
38 years$2,634$1,704$1,069$653$392$238
39 years$2,538$1,620$1,001$602$356$213
40 years$2,447$1,542$938$556$323$190
41 years$2,361$1,468$880$513$293$169
42 years$2,279$1,398$825$473$265$151
43 years$2,201$1,332$774$437$241$135
44 years$2,127$1,269$727$403$219$121
45 years$2,056$1,210$683$372$199$108
46 years$1,989$1,155$641$344$180$96
47 years$1,924$1,102$602$318$164$86
48 years$1,863$1,052$566$294$149$77
49 years$1,804$1,005$532$271$135$69
50 years$1,748$960$500$251$123$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,790,000, adding $2,241 every year, while hoping to spend $25,961 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: 24/47/29 Blend
77$1,790,000$1,790,000$1,790,000$1,790,000
78$1,974,892$1,880,022$1,852,277$2,004,249
79$2,148,708$1,944,520$1,886,706$2,094,052
80$2,339,384$2,011,309$1,921,418$2,187,864
81$2,548,611$2,080,474$1,956,395$2,287,836
82$2,778,254$2,152,101$1,991,619$2,394,496
83$3,030,365$2,226,284$2,027,068$2,508,428
84$3,307,207$2,303,116$2,062,719$2,630,269
85$3,611,270$2,382,697$2,098,548$2,760,720
86$3,945,300$2,465,129$2,134,530$2,900,550
87$4,312,320$2,550,520$2,170,635$3,050,603
88$4,715,660$2,638,979$2,206,836$3,211,805
89$5,158,991$2,730,623$2,243,098$3,385,175
90$5,646,356$2,825,571$2,279,390$3,571,830
91$6,182,208$2,923,947$2,315,673$3,772,999
92$6,771,454$3,025,881$2,351,909$3,990,032
93$7,419,501$3,131,508$2,388,056$4,224,414
94$8,132,306$3,240,968$2,424,072$4,477,774
95$8,916,431$3,354,405$2,459,908$4,751,908
96$9,779,108$3,471,972$2,495,516$5,048,787
97$10,728,304$3,593,826$2,530,843$5,370,580
98$11,772,797$3,720,129$2,565,832$5,719,673
99$12,922,260$3,851,053$2,600,425$6,098,690
100$14,187,350$3,986,775$2,634,559$6,510,519