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

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$111,482$110,489$109,520$108,574$107,651$105,305
2 years$55,189$54,161$53,165$52,199$51,262$48,911
3 years$36,427$35,395$34,401$33,445$32,523$30,239
4 years$27,048$26,019$25,035$24,095$23,196$20,997
5 years$21,422$20,399$19,428$18,507$17,633$15,526
6 years$17,673$16,657$15,701$14,800$13,952$11,939
7 years$14,996$13,989$13,048$12,168$11,347$9,428
8 years$12,989$11,991$11,065$10,208$9,413$7,588
9 years$11,429$10,440$9,531$8,695$7,927$6,194
10 years$10,181$9,203$8,309$7,495$6,755$5,111
11 years$9,161$8,193$7,315$6,523$5,809$4,254
12 years$8,312$7,353$6,492$5,721$5,034$3,564
13 years$7,594$6,645$5,800$5,051$4,390$3,003
14 years$6,979$6,040$5,211$4,484$3,848$2,542
15 years$6,446$5,518$4,705$3,999$3,388$2,159
16 years$5,981$5,063$4,266$3,580$2,994$1,840
17 years$5,571$4,662$3,882$3,217$2,655$1,572
18 years$5,206$4,308$3,544$2,899$2,361$1,346
19 years$4,881$3,993$3,244$2,620$2,104$1,155
20 years$4,588$3,710$2,977$2,373$1,880$992
21 years$4,324$3,456$2,738$2,153$1,682$853
22 years$4,084$3,226$2,524$1,958$1,508$735
23 years$3,865$3,017$2,330$1,783$1,353$634
24 years$3,665$2,827$2,155$1,626$1,216$547
25 years$3,481$2,653$1,996$1,485$1,095$472
26 years$3,311$2,493$1,851$1,358$986$408
27 years$3,154$2,347$1,719$1,243$889$352
28 years$3,009$2,211$1,598$1,139$802$305
29 years$2,874$2,086$1,487$1,044$724$264
30 years$2,748$1,970$1,385$958$654$228
31 years$2,631$1,862$1,291$880$592$198
32 years$2,521$1,762$1,205$809$535$171
33 years$2,418$1,669$1,125$744$484$148
34 years$2,321$1,582$1,051$684$439$128
35 years$2,230$1,500$983$630$397$111
36 years$2,144$1,424$919$580$360$96
37 years$2,063$1,352$861$535$326$84
38 years$1,987$1,285$806$493$296$72
39 years$1,914$1,222$755$454$268$63
40 years$1,846$1,163$708$419$243$54
41 years$1,781$1,107$664$387$221$47
42 years$1,719$1,054$622$357$200$41
43 years$1,660$1,004$584$329$182$35
44 years$1,604$957$548$304$165$31
45 years$1,551$913$515$281$150$27
46 years$1,500$871$484$259$136$23
47 years$1,451$831$454$240$123$20
48 years$1,405$793$427$222$112$17
49 years$1,361$758$401$205$102$15
50 years$1,318$724$377$189$92$13

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 $6,635 every year, while hoping to spend $40,347 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: 60/16/24 Blend
78$1,350,000$1,350,000$1,350,000$1,350,000
79$1,494,544$1,422,994$1,402,069$1,574,269
80$1,604,059$1,449,792$1,406,109$1,656,017
81$1,723,391$1,476,550$1,408,933$1,740,216
82$1,853,501$1,503,225$1,410,456$1,831,207
83$1,995,444$1,529,769$1,410,592$1,929,658
84$2,150,380$1,556,128$1,409,248$2,036,308
85$2,319,589$1,582,249$1,406,328$2,151,966
86$2,504,478$1,608,070$1,401,731$2,277,530
87$2,706,597$1,633,528$1,395,351$2,413,988
88$2,927,652$1,658,553$1,387,077$2,562,427
89$3,169,522$1,683,071$1,376,794$2,724,049
90$3,434,275$1,707,003$1,364,378$2,900,178
91$3,724,188$1,730,264$1,349,702$3,092,275
92$4,041,771$1,752,762$1,332,632$3,301,949
93$4,389,785$1,774,401$1,313,029$3,530,977
94$4,771,273$1,795,076$1,290,745$3,781,315
95$5,189,584$1,814,677$1,265,627$4,055,124
96$5,648,411$1,833,085$1,237,514$4,354,782
97$6,151,817$1,850,174$1,206,239$4,682,916
98$6,704,279$1,865,809$1,171,625$5,042,419
99$7,310,729$1,879,848$1,133,488$5,436,483
100$7,976,599$1,892,136$1,091,635$5,868,625