Can I retire at age 79 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$90,837$90,028$89,238$88,468$87,716$87,273
2 years$44,969$44,131$43,320$42,533$41,769$41,322
3 years$29,681$28,840$28,031$27,251$26,500$26,063
4 years$22,039$21,201$20,399$19,633$18,900$18,476
5 years$17,455$16,622$15,831$15,080$14,368$13,958
6 years$14,400$13,573$12,793$12,060$11,369$10,974
7 years$12,219$11,398$10,631$9,915$9,246$8,866
8 years$10,583$9,771$9,016$8,317$7,670$7,306
9 years$9,312$8,507$7,766$7,084$6,459$6,110
10 years$8,296$7,499$6,770$6,107$5,504$5,169
11 years$7,465$6,675$5,960$5,315$4,733$4,413
12 years$6,773$5,992$5,290$4,662$4,102$3,796
13 years$6,188$5,415$4,726$4,116$3,577$3,285
14 years$5,687$4,922$4,246$3,653$3,135$2,858
15 years$5,253$4,496$3,834$3,258$2,761$2,496
16 years$4,873$4,125$3,476$2,917$2,440$2,189
17 years$4,539$3,799$3,163$2,621$2,163$1,925
18 years$4,242$3,510$2,887$2,362$1,924$1,697
19 years$3,977$3,253$2,643$2,135$1,715$1,500
20 years$3,739$3,023$2,426$1,933$1,531$1,328
21 years$3,523$2,816$2,231$1,755$1,371$1,179
22 years$3,327$2,629$2,057$1,595$1,228$1,047
23 years$3,149$2,459$1,899$1,453$1,103$932
24 years$2,986$2,304$1,756$1,325$991$830
25 years$2,836$2,162$1,627$1,210$892$740
26 years$2,698$2,032$1,509$1,106$803$660
27 years$2,570$1,912$1,401$1,013$724$590
28 years$2,452$1,802$1,302$928$654$527
29 years$2,342$1,700$1,212$851$590$472
30 years$2,239$1,605$1,129$781$533$422
31 years$2,143$1,517$1,052$717$482$378
32 years$2,054$1,436$982$659$436$338
33 years$1,970$1,360$917$606$395$303
34 years$1,891$1,289$857$558$357$272
35 years$1,817$1,222$801$513$324$244
36 years$1,747$1,160$749$473$293$219
37 years$1,681$1,102$701$436$266$196
38 years$1,619$1,047$657$402$241$176
39 years$1,560$996$615$370$218$158
40 years$1,504$947$577$342$198$142
41 years$1,451$902$541$315$180$127
42 years$1,400$859$507$291$163$114
43 years$1,353$818$476$268$148$103
44 years$1,307$780$447$248$134$92
45 years$1,264$744$419$229$122$83
46 years$1,222$710$394$211$111$75
47 years$1,183$677$370$195$101$67
48 years$1,145$646$348$180$91$60
49 years$1,109$617$327$167$83$54
50 years$1,074$590$307$154$75$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,100,000, adding $5,993 every year, while hoping to spend $34,938 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: 69/13/18 Blend
78$1,100,000$1,100,000$1,100,000$1,100,000
79$1,218,382$1,160,082$1,143,032$1,296,760
80$1,305,483$1,179,752$1,144,150$1,369,469
81$1,400,297$1,199,215$1,144,134$1,444,313
82$1,503,575$1,218,424$1,142,910$1,525,335
83$1,616,141$1,237,328$1,140,399$1,613,142
84$1,738,904$1,255,874$1,136,518$1,708,402
85$1,872,863$1,274,002$1,131,183$1,811,851
86$2,019,118$1,291,652$1,124,300$1,924,300
87$2,178,881$1,308,756$1,115,777$2,046,644
88$2,353,485$1,325,243$1,105,514$2,179,869
89$2,544,398$1,341,037$1,093,406$2,325,061
90$2,753,236$1,356,057$1,079,344$2,483,417
91$2,981,778$1,370,216$1,063,215$2,656,259
92$3,231,985$1,383,422$1,044,898$2,845,041
93$3,506,014$1,395,576$1,024,268$3,051,368
94$3,806,242$1,406,573$1,001,195$3,277,007
95$4,135,285$1,416,302$975,542$3,523,909
96$4,496,025$1,424,642$947,164$3,794,222
97$4,891,638$1,431,468$915,913$4,090,314
98$5,325,620$1,436,645$881,630$4,414,798
99$5,801,821$1,440,028$844,153$4,770,551
100$6,324,484$1,441,467$803,309$5,160,746