Can I retire at age 79 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$136,255$135,042$133,858$132,702$131,573$128,706
2 years$67,453$66,197$64,979$63,799$62,654$59,780
3 years$44,522$43,260$42,046$40,877$39,750$36,959
4 years$33,059$31,801$30,599$29,449$28,350$25,663
5 years$26,183$24,932$23,746$22,620$21,551$18,976
6 years$21,600$20,359$19,190$18,089$17,053$14,592
7 years$18,328$17,098$15,947$14,872$13,869$11,523
8 years$15,875$14,656$13,524$12,476$11,505$9,274
9 years$13,968$12,761$11,649$10,627$9,689$7,570
10 years$12,444$11,248$10,156$9,160$8,256$6,247
11 years$11,197$10,013$8,941$7,972$7,100$5,199
12 years$10,159$8,987$7,935$6,993$6,153$4,356
13 years$9,281$8,122$7,089$6,174$5,365$3,671
14 years$8,530$7,383$6,370$5,480$4,703$3,107
15 years$7,879$6,744$5,751$4,887$4,141$2,639
16 years$7,310$6,188$5,214$4,376$3,660$2,249
17 years$6,809$5,699$4,745$3,932$3,245$1,921
18 years$6,363$5,266$4,331$3,543$2,885$1,645
19 years$5,966$4,880$3,965$3,202$2,572$1,411
20 years$5,608$4,535$3,639$2,900$2,297$1,212
21 years$5,285$4,224$3,347$2,632$2,056$1,043
22 years$4,991$3,943$3,085$2,393$1,843$898
23 years$4,724$3,688$2,848$2,179$1,654$774
24 years$4,479$3,455$2,634$1,988$1,487$668
25 years$4,254$3,243$2,440$1,815$1,338$577
26 years$4,047$3,048$2,263$1,660$1,205$498
27 years$3,855$2,868$2,101$1,519$1,086$431
28 years$3,677$2,703$1,953$1,392$980$373
29 years$3,512$2,550$1,818$1,276$885$322
30 years$3,359$2,408$1,693$1,171$800$279
31 years$3,215$2,276$1,578$1,076$723$241
32 years$3,081$2,154$1,473$989$654$209
33 years$2,955$2,040$1,375$909$592$181
34 years$2,837$1,933$1,285$837$536$157
35 years$2,725$1,834$1,201$770$485$136
36 years$2,621$1,740$1,124$709$440$118
37 years$2,522$1,653$1,052$653$399$102
38 years$2,428$1,571$985$602$361$88
39 years$2,340$1,494$923$555$328$77
40 years$2,256$1,421$865$512$297$66
41 years$2,176$1,353$811$473$270$58
42 years$2,101$1,288$761$436$245$50
43 years$2,029$1,228$714$403$222$43
44 years$1,960$1,170$670$372$202$38
45 years$1,895$1,116$629$343$183$33
46 years$1,833$1,064$591$317$166$28
47 years$1,774$1,016$555$293$151$24
48 years$1,717$970$522$271$137$21
49 years$1,663$926$490$250$124$18
50 years$1,611$885$461$231$113$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,650,000, adding $4,144 every year, while hoping to spend $53,753 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: 65/5/30 Blend
78$1,650,000$1,650,000$1,650,000$1,650,000
79$1,822,575$1,735,125$1,709,550$1,926,226
80$1,951,284$1,762,953$1,709,627$2,024,748
81$2,091,321$1,790,343$1,707,905$2,126,101
82$2,243,783$1,817,217$1,704,267$2,235,738
83$2,409,879$1,843,491$1,698,590$2,354,482
84$2,590,940$1,869,076$1,690,746$2,483,242
85$2,788,430$1,893,874$1,680,600$2,623,019
86$3,003,960$1,917,784$1,668,010$2,774,919
87$3,239,304$1,940,695$1,652,828$2,940,162
88$3,496,414$1,962,491$1,634,900$3,120,091
89$3,777,441$1,983,046$1,614,061$3,316,189
90$4,084,751$2,002,226$1,590,143$3,530,093
91$4,420,950$2,019,889$1,562,968$3,763,607
92$4,788,907$2,035,884$1,532,347$4,018,719
93$5,191,782$2,050,049$1,498,087$4,297,625
94$5,633,054$2,062,211$1,459,983$4,602,745
95$6,116,554$2,072,189$1,417,822$4,936,746
96$6,646,503$2,079,786$1,371,379$5,302,574
97$7,227,548$2,084,797$1,320,422$5,703,473
98$7,864,807$2,087,001$1,264,705$6,143,022
99$8,563,918$2,086,165$1,203,973$6,625,170
100$9,331,090$2,082,040$1,137,959$7,154,267