Can I retire at age 79 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$137,907$136,679$135,480$134,310$133,168$131,668
2 years$68,271$66,999$65,767$64,572$63,413$61,903
3 years$45,062$43,785$42,556$41,372$40,232$38,759
4 years$33,460$32,186$30,970$29,806$28,694$27,269
5 years$26,500$25,235$24,034$22,894$21,813$20,440
6 years$21,862$20,606$19,423$18,309$17,260$15,941
7 years$18,550$17,305$16,140$15,052$14,037$12,772
8 years$16,068$14,833$13,688$12,627$11,645$10,435
9 years$14,138$12,915$11,790$10,756$9,807$8,651
10 years$12,595$11,384$10,279$9,271$8,356$7,253
11 years$11,333$10,135$9,049$8,069$7,186$6,136
12 years$10,282$9,096$8,031$7,077$6,227$5,228
13 years$9,394$8,220$7,175$6,248$5,430$4,481
14 years$8,633$7,472$6,447$5,547$4,760$3,860
15 years$7,975$6,826$5,821$4,947$4,191$3,338
16 years$7,399$6,263$5,277$4,429$3,704$2,897
17 years$6,891$5,768$4,802$3,980$3,284$2,521
18 years$6,441$5,330$4,384$3,586$2,920$2,199
19 years$6,038$4,939$4,013$3,241$2,603$1,923
20 years$5,676$4,590$3,683$2,935$2,325$1,685
21 years$5,349$4,275$3,388$2,664$2,081$1,478
22 years$5,052$3,991$3,122$2,422$1,865$1,298
23 years$4,781$3,733$2,883$2,206$1,674$1,142
24 years$4,533$3,497$2,666$2,012$1,505$1,006
25 years$4,306$3,282$2,469$1,837$1,354$886
26 years$4,096$3,084$2,290$1,680$1,220$782
27 years$3,902$2,903$2,127$1,538$1,100$690
28 years$3,722$2,735$1,977$1,409$992$609
29 years$3,555$2,580$1,840$1,292$896$539
30 years$3,399$2,437$1,714$1,186$810$476
31 years$3,254$2,304$1,598$1,089$732$421
32 years$3,118$2,180$1,491$1,001$662$373
33 years$2,991$2,064$1,392$920$599$330
34 years$2,871$1,957$1,300$847$542$292
35 years$2,758$1,856$1,216$779$491$259
36 years$2,652$1,761$1,137$718$445$229
37 years$2,552$1,673$1,065$661$403$203
38 years$2,458$1,590$997$610$366$180
39 years$2,368$1,512$934$562$332$159
40 years$2,283$1,438$875$518$301$141
41 years$2,203$1,369$821$478$273$125
42 years$2,126$1,304$770$441$248$111
43 years$2,053$1,242$723$408$225$98
44 years$1,984$1,184$678$376$204$87
45 years$1,918$1,129$637$347$185$77
46 years$1,855$1,077$598$321$168$69
47 years$1,795$1,028$562$297$153$61
48 years$1,738$981$528$274$139$54
49 years$1,683$937$496$253$126$48
50 years$1,631$895$467$234$114$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,670,000, adding $4,763 every year, while hoping to spend $45,372 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: 57/20/23 Blend
78$1,670,000$1,670,000$1,670,000$1,670,000
79$1,845,253$1,756,743$1,730,858$1,938,704
80$1,985,193$1,794,548$1,740,566$2,040,869
81$2,137,887$1,832,685$1,749,079$2,146,921
82$2,304,587$1,871,122$1,756,309$2,261,533
83$2,486,672$1,909,824$1,762,162$2,385,542
84$2,685,661$1,948,754$1,766,543$2,519,870
85$2,903,225$1,987,869$1,769,349$2,665,534
86$3,141,205$2,027,126$1,770,473$2,823,657
87$3,401,627$2,066,474$1,769,804$2,995,473
88$3,686,723$2,105,862$1,767,222$3,182,346
89$3,998,950$2,145,230$1,762,605$3,385,777
90$4,341,014$2,184,517$1,755,823$3,607,424
91$4,715,894$2,223,656$1,746,740$3,849,110
92$5,126,874$2,262,573$1,735,214$4,112,850
93$5,577,567$2,301,191$1,721,096$4,400,861
94$6,071,955$2,339,425$1,704,229$4,715,590
95$6,614,423$2,377,186$1,684,449$5,059,734
96$7,209,801$2,414,375$1,661,585$5,436,265
97$7,863,410$2,450,889$1,635,458$5,848,462
98$8,581,111$2,486,615$1,605,878$6,299,938
99$9,369,360$2,521,435$1,572,651$6,794,676
100$10,235,268$2,555,219$1,535,569$7,337,069