Can I retire at age 79 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$142,862$141,589$140,348$139,136$137,953$135,333
2 years$70,724$69,406$68,130$66,892$65,692$63,063
3 years$46,681$45,358$44,085$42,859$41,678$39,121
4 years$34,662$33,343$32,082$30,877$29,725$27,261
5 years$27,452$26,141$24,897$23,717$22,596$20,232
6 years$22,647$21,346$20,121$18,966$17,880$15,617
7 years$19,217$17,927$16,720$15,593$14,541$12,381
8 years$16,645$15,366$14,180$13,081$12,063$10,005
9 years$14,646$13,379$12,213$11,142$10,159$8,201
10 years$13,047$11,793$10,648$9,604$8,656$6,797
11 years$11,740$10,499$9,374$8,359$7,444$5,682
12 years$10,652$9,423$8,319$7,332$6,451$4,783
13 years$9,732$8,516$7,433$6,473$5,626$4,049
14 years$8,943$7,741$6,678$5,746$4,931$3,443
15 years$8,261$7,071$6,030$5,124$4,342$2,939
16 years$7,665$6,488$5,467$4,588$3,837$2,517
17 years$7,139$5,975$4,975$4,123$3,402$2,161
18 years$6,672$5,521$4,541$3,715$3,025$1,860
19 years$6,255$5,117$4,157$3,357$2,697$1,604
20 years$5,880$4,755$3,815$3,040$2,409$1,385
21 years$5,541$4,429$3,509$2,759$2,155$1,198
22 years$5,233$4,134$3,234$2,509$1,932$1,037
23 years$4,953$3,867$2,986$2,285$1,734$899
24 years$4,696$3,623$2,762$2,084$1,559$780
25 years$4,460$3,400$2,558$1,903$1,403$677
26 years$4,243$3,195$2,372$1,740$1,264$588
27 years$4,042$3,007$2,203$1,593$1,139$512
28 years$3,856$2,834$2,048$1,459$1,028$445
29 years$3,683$2,673$1,906$1,338$928$387
30 years$3,522$2,525$1,775$1,228$839$337
31 years$3,371$2,387$1,655$1,128$758$293
32 years$3,230$2,258$1,544$1,037$686$256
33 years$3,098$2,139$1,442$953$621$223
34 years$2,974$2,027$1,347$877$562$194
35 years$2,858$1,922$1,259$807$509$169
36 years$2,748$1,825$1,178$744$461$147
37 years$2,644$1,733$1,103$685$418$128
38 years$2,546$1,647$1,033$632$379$112
39 years$2,453$1,566$968$582$344$98
40 years$2,365$1,490$907$537$312$85
41 years$2,282$1,418$850$496$283$74
42 years$2,203$1,351$798$457$257$65
43 years$2,127$1,287$748$422$233$57
44 years$2,055$1,227$703$390$211$49
45 years$1,987$1,170$660$360$192$43
46 years$1,922$1,116$620$333$174$38
47 years$1,860$1,065$582$307$158$33
48 years$1,800$1,017$547$284$144$29
49 years$1,743$971$514$262$130$25
50 years$1,689$927$483$242$119$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,730,000, adding $5,066 every year, while hoping to spend $56,220 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: 42/29/29 Blend
78$1,730,000$1,730,000$1,730,000$1,730,000
79$1,911,686$1,819,996$1,793,181$1,975,560
80$2,046,860$1,849,358$1,793,434$2,051,475
81$2,193,938$1,878,274$1,791,813$2,127,985
82$2,354,074$1,906,664$1,788,193$2,209,783
83$2,528,539$1,934,440$1,782,447$2,297,394
84$2,718,732$1,961,510$1,774,441$2,391,396
85$2,926,191$1,987,772$1,764,033$2,492,429
86$3,152,610$2,013,121$1,751,076$2,601,200
87$3,399,855$2,037,443$1,735,416$2,718,492
88$3,669,978$2,060,615$1,716,890$2,845,168
89$3,965,238$2,082,508$1,695,328$2,982,186
90$4,288,124$2,102,982$1,670,553$3,130,600
91$4,641,375$2,121,891$1,642,379$3,291,578
92$5,028,008$2,139,075$1,610,611$3,466,410
93$5,451,342$2,154,368$1,575,044$3,656,521
94$5,915,037$2,167,590$1,535,466$3,863,486
95$6,423,121$2,178,552$1,491,654$4,089,045
96$6,980,028$2,187,050$1,443,373$4,335,119
97$7,590,645$2,192,869$1,390,380$4,603,831
98$8,260,352$2,195,781$1,332,420$4,897,526
99$8,995,077$2,195,543$1,269,225$5,218,793
100$9,801,347$2,191,897$1,200,516$5,570,491