Can I retire at age 78 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$164,332$162,869$161,440$160,046$158,685$156,185
2 years$81,353$79,838$78,369$76,945$75,564$73,052
3 years$53,696$52,175$50,710$49,300$47,941$45,495
4 years$39,871$38,354$36,904$35,518$34,192$31,830
5 years$31,578$30,070$28,639$27,281$25,992$23,722
6 years$26,051$24,554$23,145$21,817$20,567$18,391
7 years$22,105$20,621$19,233$17,937$16,726$14,645
8 years$19,146$17,676$16,311$15,047$13,876$11,890
9 years$16,847$15,390$14,049$12,816$11,686$9,793
10 years$15,008$13,565$12,248$11,048$9,957$8,156
11 years$13,504$12,077$10,783$9,615$8,563$6,852
12 years$12,253$10,839$9,570$8,434$7,421$5,798
13 years$11,194$9,796$8,550$7,446$6,471$4,934
14 years$10,288$8,904$7,682$6,609$5,672$4,218
15 years$9,503$8,134$6,936$5,894$4,994$3,621
16 years$8,816$7,463$6,288$5,278$4,414$3,118
17 years$8,212$6,873$5,722$4,742$3,914$2,693
18 years$7,675$6,351$5,224$4,274$3,480$2,331
19 years$7,195$5,886$4,782$3,862$3,102$2,022
20 years$6,763$5,469$4,389$3,497$2,771$1,757
21 years$6,374$5,095$4,037$3,174$2,479$1,529
22 years$6,020$4,756$3,720$2,886$2,222$1,332
23 years$5,697$4,448$3,435$2,628$1,995$1,162
24 years$5,402$4,167$3,177$2,397$1,793$1,014
25 years$5,131$3,911$2,943$2,189$1,614$886
26 years$4,881$3,676$2,729$2,002$1,453$775
27 years$4,649$3,459$2,534$1,832$1,310$678
28 years$4,435$3,259$2,356$1,679$1,182$593
29 years$4,236$3,075$2,192$1,539$1,068$520
30 years$4,051$2,904$2,042$1,413$965$455
31 years$3,878$2,745$1,904$1,298$872$399
32 years$3,716$2,598$1,776$1,192$789$350
33 years$3,564$2,460$1,658$1,097$714$307
34 years$3,421$2,331$1,550$1,009$646$269
35 years$3,287$2,211$1,449$929$586$236
36 years$3,161$2,099$1,355$855$530$207
37 years$3,041$1,993$1,269$788$481$182
38 years$2,928$1,894$1,188$726$436$160
39 years$2,822$1,801$1,113$670$395$140
40 years$2,721$1,714$1,043$618$359$123
41 years$2,625$1,632$978$570$325$108
42 years$2,534$1,554$918$526$295$95
43 years$2,447$1,480$861$486$268$83
44 years$2,364$1,411$808$448$243$73
45 years$2,286$1,346$759$414$221$64
46 years$2,211$1,284$713$382$200$57
47 years$2,139$1,225$670$353$182$50
48 years$2,071$1,170$629$327$165$44
49 years$2,006$1,117$591$302$150$38
50 years$1,943$1,067$556$279$136$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,990,000, adding $2,418 every year, while hoping to spend $21,417 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: 70/10/20 Blend
77$1,990,000$1,990,000$1,990,000$1,990,000
78$2,195,474$2,090,004$2,059,159$2,338,251
79$2,396,625$2,169,627$2,105,353$2,513,418
80$2,617,575$2,252,433$2,152,377$2,702,325
81$2,860,322$2,338,557$2,200,236$2,908,569
82$3,127,066$2,428,137$2,248,935$3,133,861
83$3,420,229$2,521,318$2,298,477$3,380,087
84$3,742,483$2,618,253$2,348,866$3,649,325
85$4,096,768$2,719,099$2,400,105$3,943,860
86$4,486,325$2,824,022$2,452,196$4,266,210
87$4,914,726$2,933,194$2,505,140$4,619,148
88$5,385,904$3,046,796$2,558,937$5,005,728
89$5,904,192$3,165,016$2,613,588$5,429,312
90$6,474,368$3,288,050$2,669,091$5,893,605
91$7,101,691$3,416,102$2,725,444$6,402,687
92$7,791,960$3,549,388$2,782,643$6,961,052
93$8,551,563$3,688,130$2,840,684$7,573,649
94$9,387,536$3,832,563$2,899,561$8,245,932
95$10,307,636$3,982,930$2,959,267$8,983,907
96$11,320,408$4,139,486$3,019,795$9,794,191
97$12,435,265$4,302,496$3,081,135$10,684,071
98$13,662,584$4,472,240$3,143,274$11,661,580
99$15,013,795$4,649,008$3,206,202$12,735,561
100$16,501,495$4,833,102$3,269,902$13,915,762