Can I retire at age 79 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$138,733$137,497$136,291$135,115$133,966$133,289
2 years$68,680$67,401$66,161$64,959$63,793$63,110
3 years$45,332$44,047$42,810$41,620$40,473$39,805
4 years$33,660$32,379$31,155$29,985$28,866$28,218
5 years$26,659$25,386$24,178$23,031$21,943$21,317
6 years$21,993$20,729$19,539$18,418$17,363$16,760
7 years$18,661$17,408$16,237$15,143$14,121$13,541
8 years$16,164$14,922$13,770$12,703$11,714$11,158
9 years$14,222$12,993$11,860$10,820$9,865$9,331
10 years$12,670$11,452$10,340$9,327$8,406$7,894
11 years$11,401$10,195$9,103$8,117$7,229$6,740
12 years$10,344$9,151$8,079$7,120$6,265$5,798
13 years$9,450$8,270$7,218$6,286$5,463$5,018
14 years$8,685$7,517$6,485$5,580$4,789$4,364
15 years$8,022$6,867$5,855$4,976$4,216$3,813
16 years$7,443$6,300$5,309$4,456$3,726$3,343
17 years$6,932$5,802$4,831$4,003$3,304$2,940
18 years$6,479$5,361$4,410$3,608$2,938$2,592
19 years$6,074$4,969$4,037$3,260$2,619$2,291
20 years$5,710$4,617$3,705$2,953$2,339$2,029
21 years$5,381$4,301$3,408$2,680$2,093$1,800
22 years$5,082$4,015$3,141$2,436$1,876$1,599
23 years$4,810$3,755$2,900$2,219$1,684$1,423
24 years$4,560$3,518$2,682$2,024$1,514$1,267
25 years$4,331$3,302$2,484$1,848$1,362$1,130
26 years$4,120$3,103$2,304$1,690$1,227$1,009
27 years$3,925$2,920$2,139$1,547$1,106$901
28 years$3,744$2,752$1,989$1,417$998$805
29 years$3,576$2,596$1,851$1,300$901$720
30 years$3,420$2,452$1,724$1,193$814$645
31 years$3,274$2,318$1,607$1,095$736$577
32 years$3,137$2,193$1,500$1,007$666$517
33 years$3,009$2,077$1,400$926$603$463
34 years$2,888$1,968$1,308$852$546$415
35 years$2,775$1,867$1,223$784$494$372
36 years$2,668$1,772$1,144$722$448$334
37 years$2,567$1,683$1,071$665$406$300
38 years$2,472$1,599$1,003$613$368$269
39 years$2,382$1,521$940$565$334$241
40 years$2,297$1,447$881$522$303$217
41 years$2,216$1,377$826$481$275$195
42 years$2,139$1,312$775$444$249$175
43 years$2,066$1,250$727$410$226$157
44 years$1,996$1,191$682$379$205$141
45 years$1,930$1,136$641$350$186$127
46 years$1,866$1,084$602$323$169$114
47 years$1,806$1,034$565$298$154$102
48 years$1,748$987$531$276$140$92
49 years$1,693$943$499$255$127$83
50 years$1,640$901$469$235$115$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,680,000, adding $4,105 every year, while hoping to spend $58,449 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: 35/49/16 Blend
78$1,680,000$1,680,000$1,680,000$1,680,000
79$1,855,594$1,766,554$1,740,514$1,911,265
80$1,982,676$1,790,926$1,736,632$1,976,488
81$2,120,760$1,814,533$1,730,661$2,041,022
82$2,270,909$1,837,277$1,722,469$2,109,401
83$2,434,288$1,859,050$1,711,919$2,181,999
84$2,612,183$1,879,740$1,698,865$2,259,229
85$2,806,004$1,899,226$1,683,156$2,341,549
86$3,017,308$1,917,380$1,664,633$2,429,466
87$3,247,806$1,934,064$1,643,130$2,523,543
88$3,499,380$1,949,131$1,618,473$2,624,400
89$3,774,104$1,962,425$1,590,479$2,732,729
90$4,074,260$1,973,782$1,558,958$2,849,293
91$4,402,361$1,983,024$1,523,710$2,974,937
92$4,761,173$1,989,963$1,484,525$3,110,597
93$5,153,741$1,994,400$1,441,185$3,257,310
94$5,583,420$1,996,122$1,393,462$3,416,222
95$6,053,902$1,994,905$1,341,116$3,588,602
96$6,569,253$1,990,509$1,283,897$3,775,854
97$7,133,953$1,982,680$1,221,543$3,979,533
98$7,752,933$1,971,148$1,153,782$4,201,358
99$8,431,626$1,955,628$1,080,327$4,443,228
100$9,176,014$1,935,816$1,000,880$4,707,247