Can I retire at age 79 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$123,043$121,947$120,878$119,834$118,815$117,721
2 years$60,912$59,778$58,678$57,612$56,578$55,476
3 years$40,205$39,065$37,969$36,913$35,896$34,820
4 years$29,853$28,717$27,632$26,594$25,601$24,559
5 years$23,644$22,515$21,443$20,426$19,462$18,457
6 years$19,505$18,385$17,329$16,335$15,399$14,433
7 years$16,551$15,440$14,401$13,430$12,524$11,597
8 years$14,336$13,235$12,213$11,266$10,390$9,501
9 years$12,614$11,523$10,519$9,596$8,750$7,900
10 years$11,237$10,157$9,171$8,272$7,455$6,644
11 years$10,111$9,042$8,074$7,199$6,412$5,638
12 years$9,174$8,116$7,165$6,315$5,556$4,819
13 years$8,381$7,334$6,402$5,575$4,845$4,144
14 years$7,703$6,667$5,752$4,949$4,247$3,581
15 years$7,115$6,090$5,193$4,413$3,740$3,107
16 years$6,601$5,588$4,708$3,952$3,305$2,706
17 years$6,148$5,146$4,284$3,551$2,930$2,363
18 years$5,746$4,755$3,911$3,200$2,606$2,069
19 years$5,387$4,407$3,580$2,891$2,322$1,816
20 years$5,064$4,095$3,286$2,619$2,074$1,596
21 years$4,772$3,815$3,022$2,377$1,856$1,406
22 years$4,507$3,561$2,786$2,161$1,664$1,240
23 years$4,266$3,330$2,572$1,968$1,494$1,095
24 years$4,045$3,120$2,379$1,795$1,343$968
25 years$3,841$2,928$2,203$1,639$1,208$856
26 years$3,654$2,752$2,043$1,499$1,088$758
27 years$3,481$2,590$1,897$1,372$981$672
28 years$3,321$2,441$1,764$1,257$885$596
29 years$3,172$2,302$1,641$1,153$799$529
30 years$3,033$2,174$1,529$1,058$722$469
31 years$2,903$2,055$1,425$972$653$417
32 years$2,782$1,945$1,330$893$591$370
33 years$2,668$1,842$1,242$821$535$329
34 years$2,562$1,746$1,160$755$484$293
35 years$2,461$1,656$1,085$695$438$260
36 years$2,366$1,572$1,015$640$397$231
37 years$2,277$1,493$950$590$360$206
38 years$2,193$1,418$889$544$326$183
39 years$2,113$1,349$833$502$296$163
40 years$2,037$1,283$781$463$268$145
41 years$1,965$1,222$732$427$244$129
42 years$1,897$1,163$687$394$221$115
43 years$1,832$1,108$645$364$201$102
44 years$1,770$1,057$605$336$182$91
45 years$1,711$1,008$568$310$165$81
46 years$1,655$961$534$286$150$72
47 years$1,602$917$501$265$136$64
48 years$1,551$876$471$244$124$57
49 years$1,502$836$443$226$112$51
50 years$1,455$799$416$209$102$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,490,000, adding $2,786 every year, while hoping to spend $46,445 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: 68/23/9 Blend
78$1,490,000$1,490,000$1,490,000$1,490,000
79$1,644,854$1,565,884$1,542,789$1,753,651
80$1,763,212$1,593,195$1,545,055$1,853,517
81$1,892,086$1,620,288$1,545,841$1,956,830
82$2,032,499$1,647,102$1,545,047$2,068,580
83$2,185,578$1,673,575$1,542,570$2,189,587
84$2,352,563$1,699,636$1,538,302$2,320,752
85$2,534,818$1,725,212$1,532,129$2,463,071
86$2,733,845$1,750,223$1,523,931$2,617,638
87$2,951,298$1,774,585$1,513,584$2,785,661
88$3,188,998$1,798,206$1,500,956$2,968,469
89$3,448,947$1,820,990$1,485,910$3,167,530
90$3,733,354$1,842,833$1,468,302$3,384,457
91$4,044,647$1,863,623$1,447,981$3,621,031
92$4,385,503$1,883,242$1,424,790$3,879,214
93$4,758,868$1,901,564$1,398,564$4,161,169
94$5,167,986$1,918,455$1,369,129$4,469,278
95$5,616,431$1,933,769$1,336,306$4,806,168
96$6,108,139$1,947,356$1,299,904$5,174,734
97$6,647,444$1,959,052$1,259,726$5,578,166
98$7,239,122$1,968,683$1,215,565$6,019,982
99$7,888,429$1,976,066$1,167,204$6,504,058
100$8,601,161$1,981,004$1,114,416$7,034,666