Can I retire at age 79 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$132,952$131,768$130,613$129,485$128,384$125,178
2 years$65,818$64,592$63,404$62,252$61,135$57,926
3 years$43,443$42,212$41,027$39,886$38,787$35,674
4 years$32,257$31,030$29,857$28,735$27,663$24,671
5 years$25,548$24,328$23,170$22,072$21,029$18,166
6 years$21,076$19,866$18,725$17,651$16,639$13,908
7 years$17,884$16,683$15,561$14,512$13,532$10,933
8 years$15,490$14,300$13,197$12,173$11,226$8,758
9 years$13,630$12,451$11,366$10,369$9,454$7,115
10 years$12,142$10,975$9,909$8,938$8,055$5,842
11 years$10,926$9,770$8,724$7,779$6,928$4,838
12 years$9,913$8,769$7,742$6,823$6,004$4,033
13 years$9,056$7,925$6,917$6,024$5,235$3,380
14 years$8,323$7,204$6,215$5,347$4,589$2,845
15 years$7,688$6,581$5,611$4,769$4,041$2,403
16 years$7,133$6,038$5,088$4,270$3,571$2,036
17 years$6,644$5,560$4,630$3,837$3,166$1,730
18 years$6,209$5,138$4,226$3,458$2,815$1,472
19 years$5,821$4,762$3,869$3,124$2,509$1,255
20 years$5,472$4,425$3,551$2,830$2,242$1,072
21 years$5,157$4,122$3,266$2,568$2,006$917
22 years$4,870$3,847$3,010$2,335$1,798$785
23 years$4,609$3,598$2,779$2,126$1,614$672
24 years$4,370$3,372$2,570$1,939$1,451$576
25 years$4,151$3,164$2,381$1,771$1,305$494
26 years$3,949$2,974$2,208$1,619$1,176$424
27 years$3,762$2,799$2,050$1,482$1,060$364
28 years$3,588$2,637$1,906$1,358$957$313
29 years$3,427$2,488$1,774$1,245$864$269
30 years$3,277$2,349$1,652$1,143$780$231
31 years$3,137$2,221$1,540$1,050$706$199
32 years$3,006$2,102$1,437$965$638$171
33 years$2,883$1,990$1,342$887$578$147
34 years$2,768$1,886$1,254$816$523$127
35 years$2,659$1,789$1,172$751$474$109
36 years$2,557$1,698$1,096$692$429$94
37 years$2,461$1,613$1,026$638$389$81
38 years$2,369$1,533$961$588$353$70
39 years$2,283$1,457$900$542$320$60
40 years$2,201$1,387$844$500$290$52
41 years$2,123$1,320$791$461$263$44
42 years$2,050$1,257$742$426$239$38
43 years$1,980$1,198$697$393$217$33
44 years$1,913$1,142$654$363$197$28
45 years$1,849$1,089$614$335$179$24
46 years$1,789$1,039$577$309$162$21
47 years$1,731$991$542$286$147$18
48 years$1,675$946$509$264$134$16
49 years$1,623$904$479$244$121$13
50 years$1,572$863$450$226$110$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,610,000, adding $3,954 every year, while hoping to spend $39,277 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: 41/34/25 Blend
78$1,610,000$1,610,000$1,610,000$1,610,000
79$1,778,299$1,692,969$1,668,014$1,837,985
80$1,917,895$1,734,134$1,682,102$1,922,446
81$2,070,413$1,775,999$1,695,345$2,009,799
82$2,237,130$1,818,559$1,707,675$2,103,580
83$2,419,452$1,861,803$1,719,016$2,204,405
84$2,618,926$1,905,721$1,729,293$2,312,947
85$2,837,257$1,950,301$1,738,424$2,429,952
86$3,076,319$1,995,528$1,746,324$2,556,239
87$3,338,181$2,041,386$1,752,903$2,692,715
88$3,625,116$2,087,855$1,758,066$2,840,375
89$3,939,632$2,134,914$1,761,715$3,000,320
90$4,284,489$2,182,539$1,763,747$3,173,760
91$4,662,725$2,230,702$1,764,051$3,362,031
92$5,077,690$2,279,373$1,762,514$3,566,607
93$5,533,072$2,328,520$1,759,015$3,789,109
94$6,032,933$2,378,105$1,753,430$4,031,330
95$6,581,747$2,428,087$1,745,625$4,295,241
96$7,184,444$2,478,422$1,735,462$4,583,018
97$7,846,454$2,529,061$1,722,796$4,897,061
98$8,573,759$2,579,951$1,707,477$5,240,013
99$9,372,948$2,631,035$1,689,343$5,614,791
100$10,251,281$2,682,248$1,668,229$6,024,608