Can I retire at age 79 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$126,346$125,221$124,123$123,051$122,004$120,132
2 years$62,548$61,383$60,254$59,159$58,097$56,215
3 years$41,284$40,114$38,988$37,904$36,859$35,026
4 years$30,655$29,488$28,373$27,308$26,288$24,518
5 years$24,278$23,119$22,019$20,975$19,984$18,282
6 years$20,029$18,878$17,795$16,774$15,813$14,181
7 years$16,995$15,854$14,787$13,791$12,860$11,299
8 years$14,721$13,590$12,541$11,569$10,669$9,179
9 years$12,952$11,832$10,801$9,854$8,984$7,564
10 years$11,539$10,430$9,417$8,494$7,655$6,304
11 years$10,383$9,285$8,291$7,392$6,584$5,300
12 years$9,420$8,334$7,358$6,484$5,705$4,487
13 years$8,606$7,531$6,574$5,725$4,975$3,821
14 years$7,910$6,846$5,906$5,082$4,361$3,269
15 years$7,306$6,254$5,333$4,532$3,840$2,808
16 years$6,778$5,738$4,835$4,058$3,394$2,420
17 years$6,313$5,284$4,399$3,646$3,009$2,091
18 years$5,901$4,883$4,016$3,286$2,676$1,812
19 years$5,532$4,525$3,677$2,969$2,385$1,572
20 years$5,200$4,205$3,374$2,689$2,130$1,367
21 years$4,900$3,917$3,104$2,440$1,906$1,191
22 years$4,628$3,656$2,860$2,219$1,709$1,038
23 years$4,380$3,420$2,641$2,021$1,534$906
24 years$4,153$3,204$2,443$1,843$1,379$792
25 years$3,945$3,007$2,262$1,683$1,241$692
26 years$3,752$2,826$2,098$1,539$1,117$606
27 years$3,575$2,660$1,948$1,409$1,007$530
28 years$3,410$2,506$1,811$1,291$909$465
29 years$3,257$2,364$1,686$1,184$821$407
30 years$3,114$2,233$1,570$1,086$742$357
31 years$2,981$2,111$1,464$998$671$313
32 years$2,857$1,997$1,366$917$607$275
33 years$2,740$1,891$1,275$843$549$241
34 years$2,630$1,793$1,191$776$497$212
35 years$2,527$1,700$1,114$714$450$186
36 years$2,430$1,614$1,042$658$408$163
37 years$2,338$1,533$975$606$370$144
38 years$2,252$1,457$913$559$335$126
39 years$2,170$1,385$856$515$304$111
40 years$2,092$1,318$802$475$276$97
41 years$2,018$1,254$752$438$250$86
42 years$1,948$1,195$705$404$227$75
43 years$1,881$1,138$662$373$206$66
44 years$1,818$1,085$621$345$187$58
45 years$1,757$1,035$583$318$170$51
46 years$1,700$987$548$294$154$45
47 years$1,645$942$515$272$140$40
48 years$1,592$899$484$251$127$35
49 years$1,542$859$455$232$115$31
50 years$1,494$820$428$214$105$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,530,000, adding $6,134 every year, while hoping to spend $30,323 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: 51/33/16 Blend
78$1,530,000$1,530,000$1,530,000$1,530,000
79$1,692,387$1,611,297$1,587,582$1,770,995
80$1,832,747$1,657,987$1,608,503$1,872,341
81$1,986,408$1,705,949$1,629,108$1,978,786
82$2,154,693$1,755,212$1,649,355$2,093,845
83$2,339,063$1,805,808$1,669,199$2,218,340
84$2,541,122$1,857,768$1,688,592$2,353,177
85$2,762,641$1,911,124$1,707,485$2,499,354
86$3,005,569$1,965,907$1,725,824$2,657,968
87$3,272,051$2,022,150$1,743,552$2,830,228
88$3,564,451$2,079,886$1,760,612$3,017,463
89$3,885,373$2,139,149$1,776,942$3,221,139
90$4,237,686$2,199,973$1,792,474$3,442,868
91$4,624,550$2,262,390$1,807,141$3,684,428
92$5,049,443$2,326,437$1,820,870$3,947,773
93$5,516,202$2,392,148$1,833,584$4,235,058
94$6,029,049$2,459,557$1,845,204$4,548,657
95$6,592,637$2,528,701$1,855,643$4,891,182
96$7,212,093$2,599,614$1,864,814$5,265,512
97$7,893,064$2,672,333$1,872,624$5,674,819
98$8,641,772$2,746,893$1,878,972$6,122,595
99$9,465,073$2,823,331$1,883,758$6,612,689
100$10,370,518$2,901,682$1,886,871$7,149,339