Can I retire at age 79 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$111,482$110,489$109,520$108,574$107,651$106,749
2 years$55,189$54,161$53,165$52,199$51,262$50,353
3 years$36,427$35,395$34,401$33,445$32,523$31,635
4 years$27,048$26,019$25,035$24,095$23,196$22,336
5 years$21,422$20,399$19,428$18,507$17,633$16,803
6 years$17,673$16,657$15,701$14,800$13,952$13,154
7 years$14,996$13,989$13,048$12,168$11,347$10,581
8 years$12,989$11,991$11,065$10,208$9,413$8,679
9 years$11,429$10,440$9,531$8,695$7,927$7,225
10 years$10,181$9,203$8,309$7,495$6,755$6,083
11 years$9,161$8,193$7,315$6,523$5,809$5,168
12 years$8,312$7,353$6,492$5,721$5,034$4,423
13 years$7,594$6,645$5,800$5,051$4,390$3,809
14 years$6,979$6,040$5,211$4,484$3,848$3,295
15 years$6,446$5,518$4,705$3,999$3,388$2,863
16 years$5,981$5,063$4,266$3,580$2,994$2,497
17 years$5,571$4,662$3,882$3,217$2,655$2,184
18 years$5,206$4,308$3,544$2,899$2,361$1,915
19 years$4,881$3,993$3,244$2,620$2,104$1,683
20 years$4,588$3,710$2,977$2,373$1,880$1,482
21 years$4,324$3,456$2,738$2,153$1,682$1,307
22 years$4,084$3,226$2,524$1,958$1,508$1,154
23 years$3,865$3,017$2,330$1,783$1,353$1,021
24 years$3,665$2,827$2,155$1,626$1,216$903
25 years$3,481$2,653$1,996$1,485$1,095$801
26 years$3,311$2,493$1,851$1,358$986$710
27 years$3,154$2,347$1,719$1,243$889$630
28 years$3,009$2,211$1,598$1,139$802$560
29 years$2,874$2,086$1,487$1,044$724$497
30 years$2,748$1,970$1,385$958$654$442
31 years$2,631$1,862$1,291$880$592$393
32 years$2,521$1,762$1,205$809$535$350
33 years$2,418$1,669$1,125$744$484$312
34 years$2,321$1,582$1,051$684$439$278
35 years$2,230$1,500$983$630$397$247
36 years$2,144$1,424$919$580$360$220
37 years$2,063$1,352$861$535$326$196
38 years$1,987$1,285$806$493$296$175
39 years$1,914$1,222$755$454$268$156
40 years$1,846$1,163$708$419$243$139
41 years$1,781$1,107$664$387$221$124
42 years$1,719$1,054$622$357$200$111
43 years$1,660$1,004$584$329$182$99
44 years$1,604$957$548$304$165$88
45 years$1,551$913$515$281$150$79
46 years$1,500$871$484$259$136$70
47 years$1,451$831$454$240$123$63
48 years$1,405$793$427$222$112$56
49 years$1,361$758$401$205$102$50
50 years$1,318$724$377$189$92$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,350,000, adding $3,473 every year, while hoping to spend $25,959 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: 58/27/15 Blend
78$1,350,000$1,350,000$1,350,000$1,350,000
79$1,491,282$1,419,732$1,398,807$1,571,852
80$1,615,773$1,461,679$1,418,047$1,668,700
81$1,752,092$1,504,811$1,437,062$1,771,061
82$1,901,417$1,549,159$1,455,816$1,882,041
83$2,065,049$1,594,755$1,474,272$2,002,475
84$2,244,415$1,641,629$1,492,392$2,133,278
85$2,441,092$1,689,816$1,510,134$2,275,461
86$2,656,815$1,739,348$1,527,454$2,430,134
87$2,893,493$1,790,259$1,544,307$2,598,523
88$3,153,231$1,842,583$1,560,643$2,781,973
89$3,438,347$1,896,357$1,576,411$2,981,969
90$3,751,395$1,951,615$1,591,558$3,200,145
91$4,095,188$2,008,394$1,606,025$3,438,299
92$4,472,824$2,066,732$1,619,754$3,698,415
93$4,887,716$2,126,666$1,632,679$3,982,674
94$5,343,625$2,188,235$1,644,736$4,293,481
95$5,844,694$2,251,478$1,655,854$4,633,484
96$6,395,486$2,316,434$1,665,959$5,005,600
97$7,001,030$2,383,143$1,674,973$5,413,042
98$7,666,866$2,451,648$1,682,815$5,859,349
99$8,399,096$2,521,989$1,689,399$6,348,423
100$9,204,446$2,594,208$1,694,636$6,884,558