Can I retire at age 78 with 2,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$165,158$163,687$162,252$160,851$159,483$158,147
2 years$81,761$80,239$78,763$77,332$75,944$74,597
3 years$53,966$52,437$50,965$49,547$48,182$46,867
4 years$40,071$38,547$37,089$35,696$34,364$33,090
5 years$31,737$30,221$28,783$27,418$26,123$24,894
6 years$26,182$24,678$23,261$21,926$20,670$19,488
7 years$22,216$20,724$19,330$18,027$16,810$15,675
8 years$19,243$17,765$16,393$15,122$13,946$12,858
9 years$16,931$15,467$14,120$12,881$11,744$10,703
10 years$15,083$13,634$12,310$11,103$10,007$9,012
11 years$13,572$12,137$10,837$9,663$8,606$7,657
12 years$12,314$10,894$9,618$8,476$7,458$6,553
13 years$11,250$9,845$8,593$7,483$6,503$5,642
14 years$10,339$8,949$7,721$6,643$5,701$4,882
15 years$9,550$8,175$6,971$5,924$5,020$4,242
16 years$8,861$7,500$6,320$5,304$4,436$3,699
17 years$8,253$6,907$5,751$4,766$3,934$3,235
18 years$7,713$6,383$5,250$4,295$3,497$2,837
19 years$7,231$5,915$4,806$3,881$3,117$2,493
20 years$6,797$5,497$4,411$3,515$2,785$2,195
21 years$6,406$5,120$4,057$3,190$2,492$1,936
22 years$6,050$4,779$3,739$2,900$2,234$1,710
23 years$5,726$4,470$3,452$2,642$2,005$1,512
24 years$5,429$4,188$3,193$2,409$1,802$1,338
25 years$5,156$3,930$2,957$2,200$1,622$1,186
26 years$4,905$3,694$2,743$2,012$1,461$1,052
27 years$4,673$3,476$2,547$1,841$1,317$934
28 years$4,458$3,276$2,368$1,687$1,188$829
29 years$4,258$3,090$2,203$1,547$1,073$737
30 years$4,071$2,919$2,052$1,420$970$655
31 years$3,897$2,759$1,913$1,304$877$583
32 years$3,734$2,611$1,785$1,198$793$519
33 years$3,582$2,472$1,667$1,102$718$462
34 years$3,438$2,343$1,557$1,014$650$411
35 years$3,304$2,222$1,456$933$588$366
36 years$3,176$2,109$1,362$860$533$326
37 years$3,057$2,003$1,275$792$483$291
38 years$2,943$1,904$1,194$730$438$259
39 years$2,836$1,811$1,119$673$397$231
40 years$2,734$1,723$1,048$621$360$206
41 years$2,638$1,640$983$573$327$184
42 years$2,546$1,562$922$529$297$164
43 years$2,459$1,488$865$488$269$146
44 years$2,376$1,418$812$451$244$131
45 years$2,297$1,352$763$416$222$116
46 years$2,222$1,290$716$384$201$104
47 years$2,150$1,231$673$355$183$93
48 years$2,081$1,175$632$328$166$83
49 years$2,016$1,122$594$303$151$74
50 years$1,953$1,072$559$280$137$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $2,000,000, adding $5,286 every year, while hoping to spend $22,350 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: 35/49/16 Blend
77$2,000,000$2,000,000$2,000,000$2,000,000
78$2,209,453$2,103,453$2,072,453$2,275,727
79$2,411,036$2,182,741$2,118,099$2,403,684
80$2,632,433$2,265,166$2,164,526$2,539,170
81$2,875,639$2,350,858$2,211,736$2,684,877
82$3,142,855$2,439,951$2,259,730$2,841,726
83$3,436,505$2,532,587$2,308,510$3,010,722
84$3,759,260$2,628,915$2,358,076$3,192,973
85$4,114,060$2,729,088$2,408,428$3,389,693
86$4,504,148$2,833,267$2,459,564$3,602,214
87$4,933,095$2,941,620$2,511,483$3,831,999
88$5,404,834$3,054,323$2,564,180$4,080,655
89$5,923,699$3,171,557$2,617,653$4,349,948
90$6,494,468$3,293,515$2,671,896$4,641,817
91$7,122,402$3,420,395$2,726,902$4,958,393
92$7,813,298$3,552,406$2,782,665$5,302,018
93$8,573,544$3,689,763$2,839,174$5,675,266
94$9,410,179$3,832,695$2,896,420$6,080,966
95$10,330,958$3,981,438$2,954,391$6,522,229
96$11,344,426$4,136,239$3,013,073$7,002,477
97$12,459,999$4,297,356$3,072,452$7,525,471
98$13,688,051$4,465,059$3,132,512$8,095,348
99$15,040,014$4,639,628$3,193,233$8,716,659
100$16,528,485$4,821,359$3,254,595$9,394,411