Can I retire at age 79 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$90,011$89,209$88,427$87,664$86,918$85,619
2 years$44,560$43,730$42,926$42,146$41,390$40,084
3 years$29,412$28,578$27,776$27,003$26,259$24,987
4 years$21,839$21,008$20,214$19,454$18,728$17,500
5 years$17,296$16,470$15,687$14,943$14,237$13,056
6 years$14,269$13,449$12,677$11,950$11,265$10,133
7 years$12,108$11,295$10,535$9,825$9,162$8,078
8 years$10,487$9,682$8,934$8,242$7,600$6,566
9 years$9,228$8,430$7,695$7,020$6,401$5,414
10 years$8,220$7,430$6,709$6,051$5,454$4,515
11 years$7,397$6,615$5,906$5,267$4,690$3,798
12 years$6,711$5,937$5,242$4,619$4,065$3,218
13 years$6,131$5,365$4,683$4,078$3,544$2,742
14 years$5,635$4,877$4,208$3,620$3,107$2,347
15 years$5,205$4,455$3,799$3,229$2,736$2,018
16 years$4,829$4,088$3,444$2,891$2,418$1,740
17 years$4,498$3,765$3,134$2,597$2,144$1,505
18 years$4,204$3,479$2,861$2,341$1,906$1,304
19 years$3,941$3,224$2,619$2,115$1,699$1,133
20 years$3,705$2,996$2,404$1,916$1,518$986
21 years$3,491$2,790$2,211$1,739$1,358$859
22 years$3,297$2,605$2,038$1,581$1,217$750
23 years$3,121$2,436$1,882$1,440$1,093$655
24 years$2,959$2,283$1,740$1,313$982$573
25 years$2,810$2,142$1,612$1,199$884$501
26 years$2,673$2,013$1,495$1,096$796$439
27 years$2,547$1,895$1,388$1,004$718$385
28 years$2,429$1,785$1,290$919$648$337
29 years$2,320$1,684$1,201$843$585$296
30 years$2,219$1,591$1,119$774$528$260
31 years$2,124$1,504$1,043$711$478$228
32 years$2,035$1,423$973$653$432$200
33 years$1,952$1,347$908$601$391$176
34 years$1,874$1,277$849$553$354$155
35 years$1,800$1,211$794$509$321$136
36 years$1,731$1,150$742$469$291$119
37 years$1,666$1,092$695$432$263$105
38 years$1,604$1,038$651$398$239$92
39 years$1,546$987$610$367$217$81
40 years$1,490$939$571$338$196$71
41 years$1,438$894$536$312$178$63
42 years$1,388$851$503$288$162$55
43 years$1,340$811$472$266$147$49
44 years$1,295$773$443$246$133$43
45 years$1,252$737$416$227$121$38
46 years$1,211$703$390$210$110$33
47 years$1,172$671$367$194$100$29
48 years$1,134$641$345$179$91$26
49 years$1,098$612$324$165$82$23
50 years$1,064$584$305$153$75$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,090,000, adding $2,189 every year, while hoping to spend $27,387 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: 58/32/10 Blend
78$1,090,000$1,090,000$1,090,000$1,090,000
79$1,203,438$1,145,668$1,128,773$1,270,249
80$1,297,049$1,172,666$1,137,447$1,342,496
81$1,399,291$1,200,069$1,145,494$1,417,947
82$1,511,014$1,227,868$1,152,864$1,499,523
83$1,633,157$1,256,053$1,159,504$1,587,816
84$1,766,750$1,284,611$1,165,359$1,683,474
85$1,912,931$1,313,530$1,170,371$1,787,213
86$2,072,951$1,342,794$1,174,480$1,899,823
87$2,248,187$1,372,386$1,177,620$2,022,172
88$2,440,157$1,402,287$1,179,725$2,155,215
89$2,650,531$1,432,477$1,180,724$2,300,007
90$2,881,150$1,462,934$1,180,543$2,457,709
91$3,134,040$1,493,631$1,179,104$2,629,600
92$3,411,435$1,524,541$1,176,326$2,817,089
93$3,715,791$1,555,633$1,172,123$3,021,729
94$4,049,819$1,586,876$1,166,406$3,245,230
95$4,416,500$1,618,233$1,159,080$3,489,477
96$4,819,121$1,649,664$1,150,047$3,756,548
97$5,261,302$1,681,128$1,139,204$4,048,731
98$5,747,029$1,712,578$1,126,443$4,368,549
99$6,280,698$1,743,966$1,111,650$4,718,781
100$6,867,145$1,775,237$1,094,707$5,102,490