Can I retire at age 79 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$124,694$123,584$122,500$121,442$120,410$119,202
2 years$61,730$60,580$59,466$58,386$57,338$56,121
3 years$40,744$39,590$38,478$37,408$36,377$35,190
4 years$30,254$29,103$28,002$26,951$25,945$24,795
5 years$23,961$22,817$21,731$20,701$19,723$18,615
6 years$19,767$18,632$17,562$16,554$15,606$14,541
7 years$16,773$15,647$14,594$13,610$12,692$11,670
8 years$14,528$13,412$12,377$11,417$10,529$9,551
9 years$12,783$11,678$10,660$9,725$8,867$7,932
10 years$11,388$10,293$9,294$8,383$7,555$6,662
11 years$10,247$9,164$8,182$7,296$6,498$5,647
12 years$9,297$8,225$7,261$6,399$5,631$4,821
13 years$8,494$7,433$6,488$5,650$4,910$4,140
14 years$7,806$6,756$5,829$5,015$4,304$3,573
15 years$7,211$6,172$5,263$4,473$3,790$3,096
16 years$6,690$5,663$4,772$4,005$3,349$2,692
17 years$6,231$5,215$4,342$3,598$2,970$2,348
18 years$5,823$4,819$3,964$3,243$2,641$2,053
19 years$5,459$4,466$3,629$2,930$2,354$1,799
20 years$5,132$4,150$3,330$2,654$2,102$1,579
21 years$4,836$3,866$3,063$2,408$1,881$1,389
22 years$4,568$3,608$2,823$2,190$1,686$1,223
23 years$4,323$3,375$2,607$1,994$1,514$1,078
24 years$4,099$3,162$2,411$1,819$1,361$951
25 years$3,893$2,967$2,233$1,661$1,224$841
26 years$3,703$2,789$2,071$1,519$1,103$743
27 years$3,528$2,625$1,923$1,390$994$658
28 years$3,365$2,473$1,788$1,274$897$582
29 years$3,214$2,333$1,664$1,168$810$516
30 years$3,074$2,204$1,549$1,072$732$457
31 years$2,942$2,083$1,445$985$662$405
32 years$2,819$1,971$1,348$905$599$359
33 years$2,704$1,867$1,258$832$542$319
34 years$2,596$1,769$1,176$766$491$283
35 years$2,494$1,678$1,099$705$444$251
36 years$2,398$1,593$1,028$649$403$223
37 years$2,308$1,513$963$598$365$198
38 years$2,222$1,438$901$551$331$176
39 years$2,141$1,367$844$508$300$156
40 years$2,064$1,301$792$469$272$139
41 years$1,992$1,238$742$433$247$124
42 years$1,922$1,179$696$399$224$110
43 years$1,857$1,123$653$368$203$98
44 years$1,794$1,071$613$340$184$87
45 years$1,734$1,021$576$314$167$77
46 years$1,678$974$541$290$152$69
47 years$1,623$930$508$268$138$61
48 years$1,571$887$477$248$125$54
49 years$1,522$847$449$229$114$48
50 years$1,474$809$422$212$103$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,510,000, adding $4,583 every year, while hoping to spend $29,539 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: 48/45/7 Blend
78$1,510,000$1,510,000$1,510,000$1,510,000
79$1,668,747$1,588,717$1,565,312$1,745,550
80$1,807,530$1,635,135$1,586,321$1,845,045
81$1,959,479$1,682,838$1,607,044$1,949,509
82$2,125,906$1,731,856$1,627,439$2,062,232
83$2,308,254$1,782,223$1,647,464$2,183,989
84$2,508,115$1,833,972$1,667,074$2,315,634
85$2,727,242$1,887,135$1,686,220$2,458,106
86$2,967,563$1,941,747$1,704,851$2,612,439
87$3,231,205$1,997,843$1,722,913$2,779,769
88$3,520,508$2,055,458$1,740,351$2,961,347
89$3,838,051$2,114,626$1,757,104$3,158,551
90$4,186,675$2,175,386$1,773,110$3,372,894
91$4,569,508$2,237,772$1,788,301$3,606,045
92$4,989,998$2,301,823$1,802,610$3,859,840
93$5,451,942$2,367,576$1,815,961$4,136,299
94$5,959,522$2,435,069$1,828,277$4,437,649
95$6,517,346$2,504,341$1,839,478$4,766,338
96$7,130,493$2,575,431$1,849,478$5,125,065
97$7,804,554$2,648,378$1,858,186$5,516,800
98$8,545,692$2,723,222$1,865,509$5,944,816
99$9,360,697$2,800,004$1,871,347$6,412,714
100$10,257,046$2,878,763$1,875,596$6,924,464