Can I retire at age 79 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$106,527$105,578$104,652$103,749$102,866$98,941
2 years$52,736$51,754$50,802$49,879$48,984$45,076
3 years$34,808$33,822$32,872$31,958$31,077$27,309
4 years$25,846$24,863$23,923$23,024$22,165$18,565
5 years$20,470$19,493$18,565$17,685$16,849$13,427
6 years$16,887$15,917$15,003$14,143$13,332$10,090
7 years$14,329$13,367$12,468$11,627$10,843$7,780
8 years$12,411$11,458$10,574$9,754$8,995$6,108
9 years$10,921$9,976$9,107$8,308$7,575$4,860
10 years$9,729$8,794$7,940$7,162$6,454$3,907
11 years$8,754$7,829$6,990$6,233$5,551$3,165
12 years$7,943$7,026$6,203$5,467$4,810$2,579
13 years$7,256$6,350$5,542$4,827$4,195$2,112
14 years$6,669$5,772$4,980$4,284$3,677$1,737
15 years$6,160$5,273$4,496$3,821$3,238$1,432
16 years$5,715$4,838$4,076$3,421$2,861$1,184
17 years$5,323$4,455$3,709$3,074$2,537$981
18 years$4,975$4,117$3,386$2,770$2,256$814
19 years$4,664$3,815$3,100$2,503$2,011$677
20 years$4,384$3,545$2,845$2,267$1,796$563
21 years$4,132$3,302$2,617$2,058$1,607$469
22 years$3,902$3,083$2,412$1,871$1,441$391
23 years$3,693$2,883$2,227$1,704$1,293$326
24 years$3,502$2,701$2,059$1,554$1,162$272
25 years$3,326$2,535$1,907$1,419$1,046$227
26 years$3,164$2,383$1,769$1,298$942$190
27 years$3,014$2,242$1,643$1,188$849$159
28 years$2,875$2,113$1,527$1,088$766$132
29 years$2,746$1,993$1,421$998$692$111
30 years$2,626$1,882$1,324$916$625$93
31 years$2,514$1,780$1,234$841$565$77
32 years$2,409$1,684$1,151$773$511$65
33 years$2,310$1,595$1,075$711$463$54
34 years$2,218$1,511$1,004$654$419$45
35 years$2,131$1,433$939$602$380$38
36 years$2,049$1,361$879$555$344$32
37 years$1,971$1,292$822$511$312$27
38 years$1,898$1,228$770$471$283$22
39 years$1,829$1,168$721$434$256$19
40 years$1,764$1,111$676$400$232$16
41 years$1,701$1,058$634$370$211$13
42 years$1,642$1,007$595$341$191$11
43 years$1,586$960$558$315$174$9
44 years$1,533$915$524$291$158$8
45 years$1,482$872$492$268$143$6
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,290,000, adding $3,932 every year, while hoping to spend $39,301 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: 24/49/27 Blend
78$1,290,000$1,290,000$1,290,000$1,290,000
79$1,425,636$1,357,266$1,337,271$1,447,626
80$1,529,235$1,381,956$1,340,253$1,491,188
81$1,642,084$1,406,539$1,342,019$1,534,238
82$1,765,084$1,430,967$1,342,485$1,579,534
83$1,899,229$1,455,191$1,341,564$1,627,288
84$2,045,612$1,479,157$1,339,168$1,677,736
85$2,205,434$1,502,805$1,335,200$1,731,140
86$2,380,020$1,526,074$1,329,561$1,787,790
87$2,570,827$1,548,897$1,322,146$1,848,008
88$2,779,460$1,571,201$1,312,846$1,912,151
89$3,007,685$1,592,911$1,301,547$1,980,615
90$3,257,448$1,613,942$1,288,128$2,053,839
91$3,530,891$1,634,208$1,272,463$2,132,308
92$3,830,372$1,653,615$1,254,421$2,216,562
93$4,158,489$1,672,061$1,233,863$2,307,197
94$4,518,103$1,689,440$1,210,645$2,404,875
95$4,912,363$1,705,637$1,184,616$2,510,328
96$5,344,741$1,720,530$1,155,618$2,624,368
97$5,819,058$1,733,989$1,123,484$2,747,891
98$6,339,524$1,745,876$1,088,043$2,881,893
99$6,910,775$1,756,044$1,049,112$3,027,472
100$7,537,920$1,764,335$1,006,503$3,185,848