Can I retire at age 78 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$75,973$75,296$74,636$73,991$73,362$72,596
2 years$37,610$36,910$36,231$35,573$34,934$34,163
3 years$24,824$24,121$23,444$22,792$22,164$21,411
4 years$18,433$17,731$17,061$16,420$15,807$15,079
5 years$14,599$13,902$13,240$12,612$12,017$11,314
6 years$12,044$11,352$10,700$10,086$9,508$8,833
7 years$10,219$9,533$8,892$8,292$7,733$7,086
8 years$8,852$8,172$7,541$6,956$6,415$5,795
9 years$7,788$7,115$6,495$5,925$5,402$4,810
10 years$6,938$6,271$5,662$5,108$4,603$4,038
11 years$6,243$5,583$4,985$4,445$3,959$3,420
12 years$5,664$5,011$4,424$3,899$3,431$2,918
13 years$5,175$4,529$3,953$3,442$2,992$2,504
14 years$4,756$4,116$3,552$3,056$2,622$2,160
15 years$4,393$3,760$3,207$2,725$2,309$1,870
16 years$4,076$3,450$2,907$2,440$2,041$1,625
17 years$3,796$3,177$2,645$2,192$1,809$1,417
18 years$3,548$2,936$2,415$1,976$1,609$1,238
19 years$3,326$2,721$2,211$1,785$1,434$1,084
20 years$3,127$2,529$2,029$1,617$1,281$951
21 years$2,947$2,355$1,866$1,467$1,146$835
22 years$2,783$2,199$1,720$1,334$1,027$735
23 years$2,634$2,056$1,588$1,215$922$648
24 years$2,497$1,927$1,469$1,108$829$571
25 years$2,372$1,808$1,360$1,012$746$504
26 years$2,256$1,699$1,262$925$672$445
27 years$2,150$1,599$1,172$847$606$394
28 years$2,050$1,507$1,089$776$547$348
29 years$1,958$1,422$1,014$712$494$308
30 years$1,873$1,343$944$653$446$273
31 years$1,793$1,269$880$600$403$242
32 years$1,718$1,201$821$551$365$214
33 years$1,648$1,137$767$507$330$190
34 years$1,582$1,078$716$466$299$169
35 years$1,520$1,022$670$429$271$149
36 years$1,461$970$627$395$245$133
37 years$1,406$922$586$364$222$118
38 years$1,354$876$549$336$202$104
39 years$1,305$833$515$310$183$93
40 years$1,258$792$482$286$166$82
41 years$1,213$754$452$264$150$73
42 years$1,171$718$424$243$136$65
43 years$1,131$684$398$224$124$58
44 years$1,093$652$374$207$112$51
45 years$1,057$622$351$191$102$46
46 years$1,022$593$330$177$93$40
47 years$989$566$310$163$84$36
48 years$957$541$291$151$76$32
49 years$927$516$273$140$69$28
50 years$898$493$257$129$63$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $920,000, adding $2,485 every year, while hoping to spend $55,122 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: 86/6/8 Blend
77$920,000$920,000$920,000$920,000
78$1,016,403$967,643$953,383$1,102,756
79$1,061,427$956,408$926,672$1,148,224
80$1,109,196$942,776$897,219$1,190,374
81$1,159,931$926,569$864,873$1,234,941
82$1,213,876$907,603$829,478$1,282,129
83$1,271,296$885,680$790,870$1,332,164
84$1,332,481$860,591$748,877$1,385,294
85$1,397,749$832,115$703,320$1,441,792
86$1,467,450$800,019$654,011$1,501,960
87$1,541,964$764,054$600,755$1,566,126
88$1,621,711$723,960$543,348$1,634,655
89$1,707,151$679,459$481,574$1,707,948
90$1,798,786$630,258$415,213$1,786,443
91$1,897,169$576,047$344,029$1,870,628
92$2,002,906$516,500$267,781$1,961,036
93$2,116,664$451,270$186,213$2,058,255
94$2,239,174$379,992$99,061$2,162,934
95$2,371,238$302,280$6,047$2,275,786
96$2,513,737$217,725$0$2,397,599
97$2,667,642$125,897$0$2,537,194
98$2,834,016$26,340$0$2,688,638
99$3,014,030$0$0$2,852,494
100$3,208,970$0$0$3,035,324