Can I retire at age 78 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$40,464$40,103$39,752$39,408$39,073$38,601
2 years$20,032$19,658$19,297$18,946$18,606$18,131
3 years$13,222$12,847$12,486$12,139$11,805$11,341
4 years$9,817$9,444$9,087$8,746$8,419$7,971
5 years$7,775$7,404$7,052$6,717$6,400$5,969
6 years$6,415$6,046$5,699$5,372$5,064$4,650
7 years$5,443$5,077$4,736$4,417$4,119$3,721
8 years$4,714$4,352$4,016$3,705$3,417$3,037
9 years$4,148$3,789$3,459$3,156$2,877$2,515
10 years$3,695$3,340$3,016$2,720$2,452$2,106
11 years$3,325$2,974$2,655$2,368$2,109$1,779
12 years$3,017$2,669$2,356$2,077$1,827$1,514
13 years$2,756$2,412$2,105$1,833$1,593$1,296
14 years$2,533$2,192$1,892$1,627$1,397$1,115
15 years$2,340$2,003$1,708$1,451$1,230$963
16 years$2,171$1,838$1,548$1,300$1,087$834
17 years$2,022$1,692$1,409$1,168$964$725
18 years$1,890$1,564$1,286$1,052$857$632
19 years$1,772$1,449$1,177$951$764$552
20 years$1,665$1,347$1,081$861$682$482
21 years$1,569$1,254$994$782$610$423
22 years$1,482$1,171$916$711$547$371
23 years$1,403$1,095$846$647$491$326
24 years$1,330$1,026$782$590$442$286
25 years$1,263$963$725$539$397$252
26 years$1,202$905$672$493$358$222
27 years$1,145$852$624$451$323$196
28 years$1,092$803$580$413$291$172
29 years$1,043$757$540$379$263$152
30 years$997$715$503$348$238$134
31 years$955$676$469$319$215$119
32 years$915$640$437$294$194$105
33 years$878$606$408$270$176$93
34 years$842$574$382$248$159$82
35 years$809$544$357$229$144$72
36 years$778$517$334$211$131$64
37 years$749$491$312$194$118$57
38 years$721$466$292$179$107$50
39 years$695$444$274$165$97$44
40 years$670$422$257$152$88$39
41 years$646$402$241$140$80$35
42 years$624$383$226$130$73$31
43 years$603$365$212$120$66$27
44 years$582$347$199$110$60$24
45 years$563$331$187$102$54$21
46 years$544$316$175$94$49$19
47 years$527$302$165$87$45$17
48 years$510$288$155$80$41$15
49 years$494$275$146$74$37$13
50 years$478$263$137$69$34$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $490,000, adding $6,697 every year, while hoping to spend $26,574 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: 53/40/7 Blend
77$490,000$490,000$490,000$490,000
78$546,888$520,918$513,323$574,604
79$574,396$518,168$502,245$591,389
80$603,819$514,393$489,905$606,165
81$635,325$509,515$476,233$621,600
82$669,097$503,450$461,155$637,761
83$705,335$496,110$444,595$654,723
84$744,262$487,402$426,471$672,570
85$786,120$477,227$406,701$691,397
86$831,174$465,481$385,195$711,308
87$879,717$452,053$361,862$732,422
88$932,070$436,825$336,606$754,869
89$988,585$419,674$309,327$778,797
90$1,049,651$400,468$279,920$804,369
91$1,115,692$379,068$248,274$831,767
92$1,187,178$355,327$214,276$861,196
93$1,264,622$329,090$177,806$892,882
94$1,348,590$300,193$138,740$927,077
95$1,439,705$268,461$96,946$964,064
96$1,538,651$233,711$52,290$1,004,154
97$1,646,180$195,750$4,629$1,047,695
98$1,763,121$154,372$0$1,095,076
99$1,890,384$109,362$0$1,150,178
100$2,028,972$60,489$0$1,210,621