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

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$137,907$136,679$135,480$134,310$133,168$132,384
2 years$68,271$66,999$65,767$64,572$63,413$62,623
3 years$45,062$43,785$42,556$41,372$40,232$39,459
4 years$33,460$32,186$30,970$29,806$28,694$27,944
5 years$26,500$25,235$24,034$22,894$21,813$21,089
6 years$21,862$20,606$19,423$18,309$17,260$16,562
7 years$18,550$17,305$16,140$15,052$14,037$13,366
8 years$16,068$14,833$13,688$12,627$11,645$11,001
9 years$14,138$12,915$11,790$10,756$9,807$9,190
10 years$12,595$11,384$10,279$9,271$8,356$7,766
11 years$11,333$10,135$9,049$8,069$7,186$6,622
12 years$10,282$9,096$8,031$7,077$6,227$5,689
13 years$9,394$8,220$7,175$6,248$5,430$4,917
14 years$8,633$7,472$6,447$5,547$4,760$4,272
15 years$7,975$6,826$5,821$4,947$4,191$3,727
16 years$7,399$6,263$5,277$4,429$3,704$3,263
17 years$6,891$5,768$4,802$3,980$3,284$2,865
18 years$6,441$5,330$4,384$3,586$2,920$2,523
19 years$6,038$4,939$4,013$3,241$2,603$2,227
20 years$5,676$4,590$3,683$2,935$2,325$1,969
21 years$5,349$4,275$3,388$2,664$2,081$1,744
22 years$5,052$3,991$3,122$2,422$1,865$1,548
23 years$4,781$3,733$2,883$2,206$1,674$1,375
24 years$4,533$3,497$2,666$2,012$1,505$1,223
25 years$4,306$3,282$2,469$1,837$1,354$1,089
26 years$4,096$3,084$2,290$1,680$1,220$970
27 years$3,902$2,903$2,127$1,538$1,100$865
28 years$3,722$2,735$1,977$1,409$992$772
29 years$3,555$2,580$1,840$1,292$896$689
30 years$3,399$2,437$1,714$1,186$810$616
31 years$3,254$2,304$1,598$1,089$732$551
32 years$3,118$2,180$1,491$1,001$662$492
33 years$2,991$2,064$1,392$920$599$441
34 years$2,871$1,957$1,300$847$542$394
35 years$2,758$1,856$1,216$779$491$353
36 years$2,652$1,761$1,137$718$445$316
37 years$2,552$1,673$1,065$661$403$283
38 years$2,458$1,590$997$610$366$254
39 years$2,368$1,512$934$562$332$227
40 years$2,283$1,438$875$518$301$204
41 years$2,203$1,369$821$478$273$183
42 years$2,126$1,304$770$441$248$164
43 years$2,053$1,242$723$408$225$147
44 years$1,984$1,184$678$376$204$132
45 years$1,918$1,129$637$347$185$118
46 years$1,855$1,077$598$321$168$106
47 years$1,795$1,028$562$297$153$95
48 years$1,738$981$528$274$139$85
49 years$1,683$937$496$253$126$76
50 years$1,631$895$467$234$114$69

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 $5,829 every year, while hoping to spend $52,785 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: 33/43/24 Blend
78$1,670,000$1,670,000$1,670,000$1,670,000
79$1,846,353$1,757,843$1,731,958$1,893,572
80$1,978,518$1,787,814$1,733,815$1,959,518
81$2,122,395$1,817,485$1,733,966$2,025,372
82$2,279,122$1,846,785$1,732,297$2,095,285
83$2,449,953$1,875,638$1,728,690$2,169,648
84$2,636,268$1,903,964$1,723,020$2,248,895
85$2,839,583$1,931,674$1,715,158$2,333,508
86$3,061,572$1,958,677$1,704,966$2,424,018
87$3,304,071$1,984,872$1,692,302$2,521,013
88$3,569,108$2,010,152$1,677,016$2,625,146
89$3,858,911$2,034,404$1,658,950$2,737,137
90$4,175,936$2,057,505$1,637,940$2,857,781
91$4,522,884$2,079,325$1,613,814$2,987,963
92$4,902,733$2,099,727$1,586,392$3,128,655
93$5,318,760$2,118,561$1,555,484$3,280,938
94$5,774,573$2,135,671$1,520,893$3,446,003
95$6,274,149$2,150,888$1,482,412$3,625,169
96$6,821,864$2,164,034$1,439,824$3,819,894
97$7,422,541$2,174,918$1,392,905$4,031,790
98$8,081,489$2,183,337$1,341,416$4,262,638
99$8,804,558$2,189,078$1,285,111$4,514,407
100$9,598,190$2,191,911$1,223,730$4,789,272