Can I retire at age 79 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$113,133$112,126$111,142$110,183$109,246$108,105
2 years$56,007$54,964$53,953$52,972$52,022$50,873
3 years$36,967$35,919$34,911$33,940$33,005$31,883
4 years$27,449$26,404$25,406$24,452$23,539$22,454
5 years$21,740$20,701$19,716$18,781$17,894$16,849
6 years$17,935$16,904$15,934$15,020$14,159$13,154
7 years$15,218$14,196$13,241$12,348$11,515$10,551
8 years$13,181$12,169$11,229$10,359$9,553$8,630
9 years$11,598$10,595$9,672$8,823$8,045$7,163
10 years$10,332$9,339$8,432$7,606$6,855$6,013
11 years$9,297$8,314$7,424$6,619$5,895$5,093
12 years$8,435$7,462$6,588$5,806$5,109$4,345
13 years$7,706$6,744$5,886$5,126$4,455$3,729
14 years$7,082$6,130$5,289$4,550$3,905$3,216
15 years$6,542$5,600$4,775$4,058$3,438$2,785
16 years$6,070$5,138$4,329$3,633$3,039$2,420
17 years$5,653$4,732$3,939$3,265$2,694$2,109
18 years$5,284$4,372$3,596$2,942$2,396$1,843
19 years$4,953$4,052$3,292$2,658$2,135$1,614
20 years$4,656$3,765$3,021$2,408$1,907$1,416
21 years$4,388$3,507$2,779$2,185$1,707$1,244
22 years$4,144$3,274$2,561$1,987$1,530$1,095
23 years$3,922$3,062$2,365$1,809$1,373$964
24 years$3,719$2,869$2,187$1,650$1,234$850
25 years$3,532$2,692$2,026$1,507$1,111$751
26 years$3,360$2,530$1,879$1,378$1,001$663
27 years$3,201$2,381$1,745$1,261$902$586
28 years$3,053$2,244$1,622$1,156$814$519
29 years$2,916$2,117$1,509$1,060$735$459
30 years$2,789$1,999$1,406$973$664$406
31 years$2,670$1,890$1,311$893$600$360
32 years$2,558$1,788$1,223$821$543$319
33 years$2,453$1,693$1,142$755$492$283
34 years$2,355$1,605$1,067$695$445$251
35 years$2,263$1,522$997$639$403$223
36 years$2,176$1,445$933$589$365$197
37 years$2,094$1,372$873$543$331$175
38 years$2,016$1,304$818$500$300$156
39 years$1,943$1,240$766$461$272$138
40 years$1,873$1,180$718$425$247$123
41 years$1,807$1,123$673$392$224$109
42 years$1,744$1,070$632$362$203$97
43 years$1,685$1,019$593$334$184$86
44 years$1,628$972$556$309$167$76
45 years$1,574$926$522$285$152$68
46 years$1,522$884$491$263$138$60
47 years$1,473$843$461$243$125$53
48 years$1,426$805$433$225$114$48
49 years$1,381$769$407$208$103$42
50 years$1,338$734$383$192$94$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,370,000, adding $4,697 every year, while hoping to spend $34,196 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: 53/17/30 Blend
78$1,370,000$1,370,000$1,370,000$1,370,000
79$1,514,585$1,441,975$1,420,740$1,581,905
80$1,632,688$1,476,247$1,431,950$1,663,459
81$1,761,692$1,511,053$1,442,390$1,748,332
82$1,902,672$1,546,382$1,451,998$1,840,037
83$2,056,813$1,582,223$1,460,708$1,939,245
84$2,225,418$1,618,562$1,468,452$2,046,693
85$2,409,923$1,655,384$1,475,157$2,163,195
86$2,611,909$1,692,672$1,480,749$2,289,647
87$2,833,118$1,730,407$1,485,148$2,427,039
88$3,075,466$1,768,567$1,488,271$2,576,461
89$3,341,064$1,807,127$1,490,028$2,739,114
90$3,632,238$1,846,062$1,490,330$2,916,324
91$3,951,550$1,885,342$1,489,079$3,109,551
92$4,301,819$1,924,935$1,486,174$3,320,406
93$4,686,152$1,964,805$1,481,509$3,550,664
94$5,107,972$2,004,913$1,474,972$3,802,282
95$5,571,049$2,045,217$1,466,447$4,077,419
96$6,079,534$2,085,671$1,455,812$4,378,454
97$6,638,003$2,126,225$1,442,938$4,708,010
98$7,251,494$2,166,824$1,427,690$5,068,979
99$7,925,557$2,207,410$1,409,929$5,464,548
100$8,666,309$2,247,918$1,389,507$5,898,233