Can I retire at age 78 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$67,715$67,112$66,523$65,949$65,388$64,949
2 years$33,522$32,898$32,293$31,706$31,137$30,694
3 years$22,126$21,499$20,896$20,314$19,755$19,322
4 years$16,429$15,804$15,207$14,635$14,089$13,669
5 years$13,012$12,391$11,801$11,241$10,710$10,305
6 years$10,735$10,118$9,537$8,990$8,475$8,085
7 years$9,108$8,497$7,925$7,391$6,892$6,517
8 years$7,889$7,283$6,721$6,200$5,718$5,358
9 years$6,942$6,342$5,789$5,281$4,815$4,471
10 years$6,184$5,590$5,047$4,552$4,103$3,773
11 years$5,565$4,976$4,443$3,962$3,529$3,214
12 years$5,049$4,466$3,943$3,475$3,058$2,757
13 years$4,613$4,036$3,523$3,068$2,666$2,380
14 years$4,239$3,669$3,165$2,723$2,337$2,065
15 years$3,916$3,352$2,858$2,429$2,058$1,799
16 years$3,633$3,075$2,591$2,175$1,819$1,573
17 years$3,384$2,832$2,358$1,954$1,613$1,380
18 years$3,162$2,617$2,152$1,761$1,434$1,213
19 years$2,965$2,425$1,970$1,591$1,278$1,069
20 years$2,787$2,254$1,808$1,441$1,142$944
21 years$2,626$2,099$1,663$1,308$1,022$835
22 years$2,480$1,960$1,533$1,189$916$740
23 years$2,348$1,833$1,416$1,083$822$656
24 years$2,226$1,717$1,309$988$739$583
25 years$2,114$1,611$1,212$902$665$518
26 years$2,011$1,515$1,125$825$599$461
27 years$1,916$1,425$1,044$755$540$410
28 years$1,828$1,343$971$692$487$366
29 years$1,746$1,267$903$634$440$326
30 years$1,669$1,197$841$582$398$291
31 years$1,598$1,131$784$535$359$260
32 years$1,531$1,070$732$491$325$232
33 years$1,468$1,014$683$452$294$207
34 years$1,410$961$639$416$266$185
35 years$1,354$911$597$383$241$165
36 years$1,302$865$558$352$219$148
37 years$1,253$821$523$325$198$132
38 years$1,207$781$489$299$180$118
39 years$1,163$742$459$276$163$106
40 years$1,121$706$430$255$148$95
41 years$1,082$672$403$235$134$85
42 years$1,044$640$378$217$122$76
43 years$1,008$610$355$200$110$68
44 years$974$581$333$185$100$61
45 years$942$555$313$171$91$54
46 years$911$529$294$158$83$49
47 years$882$505$276$146$75$44
48 years$853$482$259$135$68$39
49 years$826$460$244$124$62$35
50 years$801$440$229$115$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $820,000, adding $3,172 every year, while hoping to spend $41,927 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: 34/44/22 Blend
77$820,000$820,000$820,000$820,000
78$906,912$863,452$850,742$931,562
79$954,807$861,151$834,632$947,828
80$1,006,182$857,332$816,577$961,299
81$1,061,348$851,877$796,467$974,970
82$1,120,646$844,659$774,189$988,886
83$1,184,449$835,545$749,622$1,003,098
84$1,253,170$824,394$722,642$1,017,666
85$1,327,260$811,055$693,117$1,032,660
86$1,407,214$795,371$660,910$1,048,163
87$1,493,577$777,172$625,878$1,064,267
88$1,586,949$756,280$587,871$1,081,082
89$1,687,987$732,506$546,734$1,098,731
90$1,797,414$705,652$502,302$1,117,356
91$1,916,027$675,505$454,406$1,137,119
92$2,044,699$641,843$402,866$1,158,203
93$2,184,393$604,428$347,497$1,180,819
94$2,336,166$563,010$288,103$1,205,202
95$2,501,183$517,325$224,482$1,231,621
96$2,680,723$467,094$156,422$1,260,378
97$2,876,196$412,020$83,701$1,291,815
98$3,089,151$351,792$6,088$1,326,316
99$3,321,294$286,080$0$1,364,312
100$3,574,503$214,535$0$1,424,304