Can I retire at age 78 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$159,378$157,958$156,573$155,221$153,901$150,425
2 years$78,900$77,430$76,006$74,625$73,286$69,803
3 years$52,077$50,602$49,181$47,813$46,496$43,114
4 years$38,669$37,198$35,791$34,447$33,161$29,907
5 years$30,626$29,163$27,775$26,458$25,209$22,091
6 years$25,265$23,814$22,447$21,159$19,947$16,969
7 years$21,438$19,999$18,653$17,396$16,222$13,384
8 years$18,569$17,143$15,819$14,593$13,458$10,759
9 years$16,339$14,926$13,625$12,430$11,333$8,772
10 years$14,555$13,156$11,879$10,715$9,657$7,230
11 years$13,097$11,712$10,458$9,325$8,305$6,010
12 years$11,883$10,512$9,281$8,179$7,197$5,029
13 years$10,857$9,500$8,292$7,221$6,276$4,232
14 years$9,977$8,635$7,451$6,410$5,501$3,577
15 years$9,216$7,889$6,727$5,717$4,844$3,034
16 years$8,551$7,238$6,099$5,119$4,281$2,582
17 years$7,964$6,666$5,550$4,599$3,796$2,203
18 years$7,443$6,159$5,066$4,145$3,375$1,883
19 years$6,978$5,708$4,638$3,745$3,008$1,613
20 years$6,559$5,305$4,256$3,392$2,687$1,384
21 years$6,181$4,941$3,915$3,078$2,405$1,189
22 years$5,838$4,612$3,608$2,799$2,155$1,022
23 years$5,525$4,314$3,332$2,549$1,935$880
24 years$5,239$4,042$3,081$2,325$1,739$758
25 years$4,976$3,793$2,854$2,123$1,565$653
26 years$4,733$3,565$2,647$1,941$1,410$563
27 years$4,509$3,355$2,458$1,777$1,271$486
28 years$4,302$3,161$2,285$1,628$1,147$420
29 years$4,108$2,982$2,126$1,493$1,035$363
30 years$3,929$2,816$1,980$1,370$936$313
31 years$3,761$2,662$1,846$1,258$846$271
32 years$3,604$2,519$1,723$1,157$765$234
33 years$3,456$2,386$1,608$1,064$692$202
34 years$3,318$2,261$1,503$979$627$175
35 years$3,188$2,145$1,405$901$568$151
36 years$3,065$2,036$1,314$830$515$131
37 years$2,950$1,933$1,230$764$466$113
38 years$2,840$1,837$1,152$705$423$98
39 years$2,737$1,747$1,079$650$383$85
40 years$2,639$1,662$1,012$599$348$73
41 years$2,546$1,582$949$553$315$64
42 years$2,457$1,507$890$510$286$55
43 years$2,373$1,436$835$471$260$48
44 years$2,293$1,369$784$435$236$41
45 years$2,217$1,305$736$402$214$36
46 years$2,144$1,245$691$371$194$31
47 years$2,075$1,188$649$343$176$27
48 years$2,008$1,134$610$317$160$23
49 years$1,945$1,083$574$293$146$20
50 years$1,884$1,035$539$271$132$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,930,000, adding $6,273 every year, while hoping to spend $37,486 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: 84/6/10 Blend
77$1,930,000$1,930,000$1,930,000$1,930,000
78$2,133,331$2,031,041$2,001,126$2,308,836
79$2,311,046$2,090,677$2,028,278$2,484,167
80$2,505,631$2,151,979$2,055,085$2,671,035
81$2,718,768$2,214,989$2,081,493$2,875,146
82$2,952,309$2,279,749$2,107,449$3,098,211
83$3,208,291$2,346,304$2,132,896$3,342,115
84$3,488,962$2,414,698$2,157,773$3,608,933
85$3,796,794$2,484,976$2,182,016$3,900,950
86$4,134,511$2,557,184$2,205,558$4,220,686
87$4,505,115$2,631,370$2,228,327$4,570,912
88$4,911,910$2,707,580$2,250,250$4,954,684
89$5,358,537$2,785,864$2,271,245$5,375,368
90$5,849,007$2,866,270$2,291,231$5,836,670
91$6,387,738$2,948,850$2,310,120$6,342,675
92$6,979,596$3,033,652$2,327,818$6,897,881
93$7,629,944$3,120,730$2,344,229$7,507,244
94$8,344,688$3,210,135$2,359,250$8,176,226
95$9,130,335$3,301,921$2,372,773$8,910,842
96$9,994,054$3,396,140$2,384,687$9,717,721
97$10,943,744$3,492,848$2,394,870$10,604,166
98$11,988,107$3,592,098$2,403,199$11,578,221
99$13,136,730$3,693,947$2,409,543$12,648,753
100$14,400,177$3,798,451$2,413,762$13,825,528