Can I retire at age 78 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$65,237$64,656$64,089$63,536$62,996$62,416
2 years$32,296$31,694$31,111$30,546$29,998$29,414
3 years$21,317$20,713$20,131$19,571$19,032$18,461
4 years$15,828$15,226$14,650$14,100$13,574$13,021
5 years$12,536$11,937$11,369$10,830$10,319$9,786
6 years$10,342$9,748$9,188$8,661$8,165$7,652
7 years$8,775$8,186$7,635$7,121$6,640$6,149
8 years$7,601$7,017$6,475$5,973$5,509$5,038
9 years$6,688$6,110$5,577$5,088$4,639$4,189
10 years$5,958$5,385$4,862$4,386$3,953$3,522
11 years$5,361$4,794$4,281$3,817$3,399$2,989
12 years$4,864$4,303$3,799$3,348$2,946$2,555
13 years$4,444$3,889$3,394$2,956$2,569$2,197
14 years$4,084$3,535$3,050$2,624$2,252$1,899
15 years$3,772$3,229$2,753$2,340$1,983$1,647
16 years$3,500$2,963$2,496$2,095$1,752$1,435
17 years$3,260$2,728$2,272$1,883$1,554$1,253
18 years$3,047$2,521$2,074$1,697$1,382$1,097
19 years$2,856$2,337$1,898$1,533$1,231$963
20 years$2,685$2,171$1,742$1,388$1,100$846
21 years$2,530$2,022$1,603$1,260$984$745
22 years$2,390$1,888$1,477$1,146$882$657
23 years$2,262$1,766$1,364$1,043$792$580
24 years$2,144$1,654$1,261$952$712$513
25 years$2,037$1,553$1,168$869$641$454
26 years$1,938$1,459$1,083$795$577$402
27 years$1,846$1,373$1,006$727$520$356
28 years$1,761$1,294$935$666$469$316
29 years$1,682$1,221$870$611$424$280
30 years$1,608$1,153$811$561$383$249
31 years$1,539$1,090$756$515$346$221
32 years$1,475$1,031$705$473$313$196
33 years$1,415$977$658$435$283$174
34 years$1,358$926$615$401$257$155
35 years$1,305$878$575$369$232$138
36 years$1,255$833$538$340$211$123
37 years$1,207$791$504$313$191$109
38 years$1,163$752$472$288$173$97
39 years$1,120$715$442$266$157$86
40 years$1,080$680$414$245$142$77
41 years$1,042$648$388$226$129$69
42 years$1,006$617$364$209$117$61
43 years$971$588$342$193$106$54
44 years$939$560$321$178$97$48
45 years$907$534$301$164$88$43
46 years$878$510$283$152$80$38
47 years$849$486$266$140$72$34
48 years$822$464$250$130$66$30
49 years$796$443$235$120$60$27
50 years$771$424$221$111$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $790,000, adding $6,858 every year, while hoping to spend $33,012 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: 55/36/9 Blend
77$790,000$790,000$790,000$790,000
78$877,654$835,784$823,539$923,630
79$932,050$841,613$816,003$961,339
80$990,888$846,621$807,108$998,150
81$1,054,587$850,733$796,774$1,037,436
82$1,123,605$853,870$784,917$1,079,440
83$1,198,449$855,946$771,448$1,124,428
84$1,279,675$856,871$756,275$1,172,693
85$1,367,893$856,549$739,302$1,224,561
86$1,463,777$854,879$720,427$1,280,392
87$1,568,067$851,752$699,546$1,340,585
88$1,681,576$847,054$676,547$1,405,578
89$1,805,200$840,664$651,315$1,475,859
90$1,939,926$832,451$623,729$1,551,964
91$2,086,837$822,280$593,662$1,634,489
92$2,247,128$810,005$560,983$1,724,089
93$2,422,112$795,473$525,554$1,821,491
94$2,613,237$778,520$487,229$1,927,496
95$2,822,095$758,975$445,859$2,042,991
96$3,050,439$736,656$401,286$2,168,955
97$3,300,199$711,368$353,345$2,306,470
98$3,573,502$682,907$301,864$2,456,730
99$3,872,687$651,057$246,664$2,621,057
100$4,200,331$615,589$187,558$2,800,909