Can I retire at age 79 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$95,792$94,938$94,106$93,293$92,500$90,893
2 years$47,422$46,538$45,683$44,853$44,048$42,434
3 years$31,300$30,413$29,560$28,738$27,946$26,375
4 years$23,241$22,357$21,512$20,704$19,931$18,416
5 years$18,407$17,528$16,694$15,902$15,151$13,696
6 years$15,185$14,313$13,491$12,717$11,989$10,595
7 years$12,885$12,020$11,211$10,456$9,750$8,418
8 years$11,161$10,303$9,508$8,771$8,089$6,819
9 years$9,820$8,971$8,189$7,471$6,812$5,603
10 years$8,748$7,908$7,140$6,440$5,804$4,655
11 years$7,872$7,040$6,286$5,605$4,992$3,901
12 years$7,142$6,318$5,578$4,916$4,326$3,292
13 years$6,525$5,710$4,984$4,340$3,772$2,794
14 years$5,997$5,190$4,478$3,853$3,307$2,383
15 years$5,539$4,741$4,043$3,436$2,911$2,040
16 years$5,139$4,350$3,666$3,077$2,573$1,752
17 years$4,787$4,006$3,336$2,764$2,281$1,508
18 years$4,474$3,702$3,045$2,491$2,029$1,302
19 years$4,194$3,431$2,788$2,251$1,808$1,126
20 years$3,942$3,188$2,558$2,039$1,615$975
21 years$3,715$2,970$2,353$1,850$1,445$846
22 years$3,509$2,772$2,169$1,682$1,295$735
23 years$3,321$2,593$2,002$1,532$1,163$639
24 years$3,149$2,429$1,852$1,397$1,045$556
25 years$2,991$2,280$1,715$1,276$941$484
26 years$2,845$2,143$1,591$1,167$847$422
27 years$2,710$2,016$1,477$1,068$764$368
28 years$2,585$1,900$1,373$979$689$321
29 years$2,469$1,792$1,278$897$622$280
30 years$2,361$1,693$1,190$824$562$245
31 years$2,260$1,600$1,110$756$508$214
32 years$2,166$1,514$1,035$695$460$187
33 years$2,077$1,434$967$639$416$163
34 years$1,994$1,359$903$588$377$143
35 years$1,916$1,289$844$541$341$125
36 years$1,842$1,223$790$499$309$109
37 years$1,773$1,162$739$459$280$96
38 years$1,707$1,104$692$423$254$84
39 years$1,645$1,050$649$390$230$73
40 years$1,586$999$608$360$209$64
41 years$1,530$951$570$332$190$56
42 years$1,477$906$535$307$172$49
43 years$1,426$863$502$283$156$43
44 years$1,378$823$471$261$142$38
45 years$1,332$784$442$241$129$33
46 years$1,289$748$415$223$117$29
47 years$1,247$714$390$206$106$25
48 years$1,207$682$367$190$96$22
49 years$1,169$651$345$176$87$19
50 years$1,133$622$324$163$79$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,160,000, adding $5,605 every year, while hoping to spend $49,280 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: 46/44/10 Blend
78$1,160,000$1,160,000$1,160,000$1,160,000
79$1,284,102$1,222,622$1,204,642$1,339,334
80$1,362,646$1,230,096$1,192,564$1,385,534
81$1,447,551$1,236,286$1,178,429$1,430,088
82$1,539,412$1,241,075$1,162,118$1,477,302
83$1,638,886$1,244,342$1,143,502$1,527,437
84$1,746,694$1,245,955$1,122,451$1,580,786
85$1,863,628$1,245,778$1,098,824$1,637,673
86$1,990,560$1,243,664$1,072,477$1,698,458
87$2,128,451$1,239,457$1,043,258$1,763,538
88$2,278,354$1,232,991$1,011,009$1,833,357
89$2,441,430$1,224,092$975,562$1,908,405
90$2,618,956$1,212,573$936,744$1,989,225
91$2,812,338$1,198,238$894,373$2,076,420
92$3,023,122$1,180,877$848,260$2,170,659
93$3,253,010$1,160,269$798,206$2,272,681
94$3,503,874$1,136,179$744,003$2,383,305
95$3,777,777$1,108,359$685,434$2,503,442
96$4,076,987$1,076,546$622,274$2,634,095
97$4,404,005$1,040,462$554,284$2,776,380
98$4,761,579$999,811$481,219$2,931,528
99$5,152,740$954,281$402,820$3,100,906
100$5,580,822$903,543$318,817$3,286,023