Can I retire at age 78 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$149,468$148,137$146,838$145,570$144,332$143,242
2 years$73,994$72,616$71,280$69,986$68,729$67,631
3 years$48,839$47,455$46,123$44,840$43,605$42,531
4 years$36,265$34,885$33,566$32,305$31,099$30,059
5 years$28,722$27,350$26,048$24,813$23,641$22,638
6 years$23,695$22,333$21,051$19,843$18,706$17,740
7 years$20,105$18,756$17,494$16,314$15,213$14,286
8 years$17,414$16,077$14,836$13,686$12,621$11,731
9 years$15,323$13,998$12,778$11,657$10,629$9,777
10 years$13,650$12,338$11,140$10,049$9,056$8,242
11 years$12,283$10,984$9,808$8,745$7,789$7,011
12 years$11,144$9,859$8,704$7,671$6,749$6,008
13 years$10,182$8,909$7,777$6,772$5,886$5,180
14 years$9,357$8,098$6,987$6,012$5,159$4,488
15 years$8,643$7,398$6,309$5,361$4,543$3,905
16 years$8,019$6,788$5,720$4,800$4,015$3,409
17 years$7,469$6,251$5,205$4,313$3,560$2,986
18 years$6,980$5,776$4,751$3,887$3,165$2,622
19 years$6,544$5,353$4,349$3,512$2,821$2,307
20 years$6,152$4,975$3,992$3,181$2,520$2,035
21 years$5,797$4,634$3,672$2,887$2,255$1,797
22 years$5,475$4,325$3,384$2,625$2,021$1,590
23 years$5,182$4,045$3,124$2,391$1,815$1,408
24 years$4,913$3,790$2,890$2,180$1,631$1,248
25 years$4,666$3,557$2,676$1,991$1,468$1,108
26 years$4,439$3,343$2,482$1,821$1,322$984
27 years$4,229$3,146$2,305$1,666$1,192$875
28 years$4,034$2,965$2,143$1,527$1,075$778
29 years$3,853$2,797$1,994$1,400$971$693
30 years$3,684$2,641$1,857$1,285$877$617
31 years$3,527$2,497$1,732$1,180$793$550
32 years$3,380$2,363$1,616$1,085$718$490
33 years$3,241$2,237$1,508$997$649$437
34 years$3,112$2,121$1,409$918$588$390
35 years$2,990$2,011$1,318$845$533$348
36 years$2,875$1,909$1,233$778$483$310
37 years$2,766$1,813$1,154$717$437$277
38 years$2,664$1,723$1,080$661$396$247
39 years$2,567$1,639$1,012$609$360$221
40 years$2,475$1,559$949$562$326$197
41 years$2,387$1,484$890$518$296$176
42 years$2,304$1,413$835$478$268$158
43 years$2,226$1,347$783$442$244$141
44 years$2,151$1,284$735$408$221$126
45 years$2,079$1,224$690$377$201$112
46 years$2,011$1,168$648$348$182$101
47 years$1,946$1,114$609$321$166$90
48 years$1,884$1,064$572$297$150$80
49 years$1,824$1,016$538$274$137$72
50 years$1,767$970$506$254$124$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,810,000, adding $3,929 every year, while hoping to spend $22,902 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: 54/39/7 Blend
77$1,810,000$1,810,000$1,810,000$1,810,000
78$1,998,673$1,902,743$1,874,688$2,103,115
79$2,178,170$1,971,610$1,913,122$2,243,060
80$2,375,208$2,043,083$1,952,077$2,392,431
81$2,591,552$2,117,268$1,991,544$2,554,439
82$2,829,147$2,194,270$2,031,518$2,730,284
83$3,090,134$2,274,203$2,071,987$2,921,286
84$3,376,873$2,357,184$2,112,944$3,128,896
85$3,691,963$2,443,335$2,154,376$3,354,711
86$4,038,267$2,532,783$2,196,272$3,600,485
87$4,418,941$2,625,659$2,238,618$3,868,150
88$4,837,459$2,722,103$2,281,398$4,159,828
89$5,297,652$2,822,258$2,324,597$4,477,857
90$5,803,738$2,926,274$2,368,196$4,824,807
91$6,360,365$3,034,308$2,412,176$5,203,506
92$6,972,654$3,146,521$2,456,516$5,617,068
93$7,646,248$3,263,083$2,501,193$6,068,917
94$8,387,364$3,384,173$2,546,181$6,562,824
95$9,202,851$3,509,973$2,591,454$7,102,940
96$10,100,257$3,640,677$2,636,983$7,693,831
97$11,087,898$3,776,486$2,682,737$8,340,526
98$12,174,937$3,917,607$2,728,682$9,048,562
99$13,371,470$4,064,259$2,774,783$9,824,033
100$14,688,623$4,216,670$2,821,001$10,673,650