Can I retire at age 78 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$151,120$149,774$148,460$147,178$145,927$144,523
2 years$74,812$73,418$72,068$70,759$69,489$68,075
3 years$49,379$47,980$46,633$45,336$44,087$42,706
4 years$36,665$35,270$33,937$32,662$31,443$30,107
5 years$29,039$27,652$26,336$25,088$23,902$22,614
6 years$23,956$22,580$21,284$20,063$18,913$17,675
7 years$20,327$18,963$17,687$16,495$15,381$14,193
8 years$17,607$16,255$15,000$13,837$12,760$11,622
9 years$15,492$14,153$12,919$11,786$10,746$9,658
10 years$13,801$12,475$11,263$10,160$9,156$8,117
11 years$12,419$11,106$9,916$8,842$7,875$6,884
12 years$11,267$9,968$8,800$7,756$6,824$5,880
13 years$10,294$9,008$7,862$6,847$5,951$5,053
14 years$9,460$8,188$7,064$6,078$5,216$4,364
15 years$8,739$7,480$6,378$5,421$4,593$3,784
16 years$8,108$6,863$5,783$4,853$4,059$3,293
17 years$7,551$6,320$5,262$4,361$3,599$2,874
18 years$7,058$5,840$4,804$3,930$3,200$2,515
19 years$6,616$5,413$4,398$3,551$2,852$2,205
20 years$6,220$5,030$4,036$3,216$2,548$1,937
21 years$5,861$4,685$3,712$2,919$2,280$1,705
22 years$5,536$4,373$3,421$2,654$2,044$1,502
23 years$5,239$4,090$3,159$2,417$1,835$1,325
24 years$4,967$3,832$2,922$2,204$1,649$1,171
25 years$4,718$3,596$2,706$2,013$1,484$1,035
26 years$4,488$3,380$2,510$1,841$1,337$916
27 years$4,276$3,181$2,330$1,685$1,205$811
28 years$4,079$2,997$2,166$1,544$1,087$718
29 years$3,896$2,828$2,016$1,416$982$637
30 years$3,725$2,670$1,878$1,299$887$565
31 years$3,566$2,524$1,751$1,193$802$501
32 years$3,417$2,389$1,633$1,097$726$445
33 years$3,277$2,262$1,525$1,008$657$395
34 years$3,146$2,144$1,425$928$594$351
35 years$3,023$2,034$1,332$854$538$312
36 years$2,906$1,930$1,246$787$488$277
37 years$2,797$1,833$1,167$725$442$246
38 years$2,693$1,742$1,092$668$401$219
39 years$2,595$1,657$1,023$616$364$195
40 years$2,502$1,576$959$568$330$173
41 years$2,414$1,500$899$524$299$154
42 years$2,330$1,429$844$484$271$137
43 years$2,250$1,361$792$447$246$122
44 years$2,174$1,298$743$412$224$109
45 years$2,102$1,237$698$381$203$97
46 years$2,033$1,181$655$352$184$86
47 years$1,967$1,127$616$325$167$77
48 years$1,904$1,075$579$300$152$68
49 years$1,844$1,027$544$278$138$61
50 years$1,787$981$511$257$125$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,830,000, adding $4,016 every year, while hoping to spend $48,952 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: 52/23/25 Blend
77$1,830,000$1,830,000$1,830,000$1,830,000
78$2,020,803$1,923,813$1,895,448$2,111,594
79$2,174,840$1,965,995$1,906,860$2,217,077
80$2,342,948$2,008,603$1,917,015$2,326,433
81$2,526,511$2,051,607$1,925,818$2,444,395
82$2,727,052$2,094,973$1,933,169$2,571,802
83$2,946,248$2,138,663$1,938,967$2,709,579
84$3,185,944$2,182,636$1,943,101$2,858,747
85$3,448,173$2,226,848$1,945,457$3,020,430
86$3,735,174$2,271,250$1,945,917$3,195,868
87$4,049,409$2,315,790$1,944,353$3,386,428
88$4,393,595$2,360,409$1,940,635$3,593,618
89$4,770,718$2,405,046$1,934,623$3,819,098
90$5,184,071$2,449,632$1,926,172$4,064,702
91$5,637,278$2,494,096$1,915,130$4,332,451
92$6,134,331$2,538,358$1,901,339$4,624,571
93$6,679,629$2,582,333$1,884,629$4,943,519
94$7,278,014$2,625,931$1,864,828$5,292,005
95$7,934,822$2,669,052$1,841,750$5,673,013
96$8,655,930$2,711,592$1,815,205$6,089,837
97$9,447,811$2,753,436$1,784,990$6,546,108
98$10,317,597$2,794,463$1,750,896$7,045,828
99$11,273,143$2,834,543$1,712,703$7,593,411
100$12,323,104$2,873,536$1,670,179$8,193,723