Can I retire at age 78 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$75,147$74,478$73,825$73,187$72,565$72,138
2 years$37,201$36,509$35,837$35,186$34,555$34,124
3 years$24,555$23,859$23,189$22,544$21,923$21,502
4 years$18,232$17,539$16,876$16,242$15,636$15,227
5 years$14,440$13,751$13,096$12,475$11,886$11,491
6 years$11,913$11,228$10,584$9,977$9,405$9,025
7 years$10,108$9,430$8,795$8,202$7,649$7,283
8 years$8,755$8,083$7,459$6,881$6,345$5,995
9 years$7,704$7,038$6,424$5,861$5,344$5,008
10 years$6,863$6,203$5,601$5,052$4,553$4,232
11 years$6,175$5,522$4,931$4,397$3,916$3,609
12 years$5,603$4,957$4,376$3,857$3,393$3,100
13 years$5,119$4,479$3,910$3,405$2,959$2,679
14 years$4,704$4,072$3,513$3,022$2,594$2,328
15 years$4,345$3,719$3,172$2,695$2,284$2,031
16 years$4,032$3,413$2,876$2,413$2,019$1,778
17 years$3,755$3,143$2,617$2,168$1,790$1,561
18 years$3,510$2,904$2,389$1,954$1,591$1,375
19 years$3,290$2,692$2,187$1,766$1,418$1,213
20 years$3,093$2,501$2,007$1,599$1,267$1,073
21 years$2,915$2,330$1,846$1,451$1,134$951
22 years$2,753$2,175$1,701$1,320$1,016$843
23 years$2,605$2,034$1,571$1,202$912$749
24 years$2,470$1,906$1,453$1,096$820$666
25 years$2,346$1,788$1,346$1,001$738$593
26 years$2,232$1,681$1,248$915$665$529
27 years$2,126$1,582$1,159$838$599$471
28 years$2,028$1,491$1,077$768$541$421
29 years$1,937$1,406$1,003$704$488$376
30 years$1,852$1,328$934$646$441$336
31 years$1,773$1,255$871$593$399$300
32 years$1,699$1,188$812$545$361$268
33 years$1,630$1,125$758$501$326$240
34 years$1,564$1,066$709$461$296$215
35 years$1,503$1,011$662$425$268$192
36 years$1,445$960$620$391$243$172
37 years$1,391$912$580$360$220$154
38 years$1,339$866$543$332$199$138
39 years$1,290$824$509$306$181$124
40 years$1,244$784$477$283$164$111
41 years$1,200$746$447$261$149$100
42 years$1,159$711$420$241$135$89
43 years$1,119$677$394$222$122$80
44 years$1,081$645$370$205$111$72
45 years$1,045$615$347$189$101$64
46 years$1,011$587$326$175$92$58
47 years$978$560$306$162$83$52
48 years$947$535$288$149$76$46
49 years$917$511$270$138$69$42
50 years$888$488$254$128$62$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $910,000, adding $3,747 every year, while hoping to spend $21,956 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: 66/9/25 Blend
77$910,000$910,000$910,000$910,000
78$1,006,685$958,455$944,350$1,066,357
79$1,086,006$982,058$952,625$1,130,596
80$1,172,682$1,006,082$960,441$1,197,983
81$1,267,439$1,030,524$967,760$1,271,162
82$1,371,079$1,055,381$974,541$1,350,703
83$1,484,483$1,080,648$980,741$1,437,235
84$1,608,620$1,106,321$986,316$1,531,454
85$1,744,561$1,132,391$991,219$1,634,123
86$1,893,481$1,158,853$995,400$1,746,085
87$2,056,676$1,185,697$998,806$1,868,268
88$2,235,574$1,212,914$1,001,383$2,001,695
89$2,431,747$1,240,491$1,003,074$2,147,494
90$2,646,927$1,268,416$1,003,818$2,306,908
91$2,883,019$1,296,675$1,003,552$2,481,305
92$3,142,126$1,325,250$1,002,210$2,672,194
93$3,426,559$1,354,125$999,721$2,881,240
94$3,738,870$1,383,278$996,013$3,110,274
95$4,081,864$1,412,688$991,008$3,361,318
96$4,458,634$1,442,330$984,628$3,636,598
97$4,872,589$1,472,178$976,787$3,938,567
98$5,327,481$1,502,203$967,397$4,269,931
99$5,827,445$1,532,372$956,366$4,633,670
100$6,377,038$1,562,651$943,597$5,033,068