Can I retire at age 79 with 1,800,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$148,642$147,318$146,027$144,766$143,535$142,511
2 years$73,585$72,215$70,887$69,599$68,350$67,317
3 years$48,570$47,193$45,868$44,593$43,364$42,355
4 years$36,064$34,692$33,380$32,127$30,928$29,950
5 years$28,563$27,199$25,905$24,676$23,511$22,567
6 years$23,564$22,210$20,935$19,734$18,603$17,694
7 years$19,994$18,652$17,397$16,224$15,129$14,256
8 years$17,318$15,988$14,754$13,610$12,551$11,714
9 years$15,238$13,921$12,708$11,593$10,570$9,768
10 years$13,575$12,270$11,079$9,993$9,006$8,239
11 years$12,215$10,924$9,754$8,697$7,746$7,013
12 years$11,083$9,804$8,656$7,628$6,712$6,014
13 years$10,125$8,860$7,734$6,735$5,853$5,188
14 years$9,305$8,054$6,949$5,978$5,131$4,498
15 years$8,595$7,357$6,274$5,332$4,518$3,916
16 years$7,975$6,750$5,688$4,774$3,993$3,422
17 years$7,428$6,217$5,176$4,289$3,540$2,999
18 years$6,942$5,744$4,725$3,866$3,148$2,635
19 years$6,508$5,324$4,325$3,493$2,806$2,321
20 years$6,118$4,947$3,970$3,163$2,506$2,048
21 years$5,765$4,608$3,651$2,871$2,243$1,810
22 years$5,445$4,302$3,365$2,610$2,010$1,602
23 years$5,153$4,023$3,107$2,377$1,804$1,420
24 years$4,886$3,769$2,874$2,168$1,622$1,260
25 years$4,641$3,537$2,662$1,980$1,459$1,119
26 years$4,415$3,325$2,468$1,811$1,315$995
27 years$4,206$3,129$2,292$1,657$1,185$885
28 years$4,012$2,948$2,131$1,518$1,069$788
29 years$3,832$2,781$1,983$1,392$966$702
30 years$3,664$2,627$1,847$1,278$873$626
31 years$3,507$2,483$1,722$1,174$789$558
32 years$3,361$2,350$1,607$1,079$714$498
33 years$3,224$2,225$1,500$992$646$444
34 years$3,095$2,109$1,402$913$585$397
35 years$2,973$2,000$1,310$840$530$354
36 years$2,859$1,898$1,226$774$480$316
37 years$2,751$1,803$1,147$713$435$283
38 years$2,649$1,714$1,074$657$394$253
39 years$2,552$1,629$1,007$606$358$226
40 years$2,461$1,550$944$559$324$202
41 years$2,374$1,476$885$516$294$181
42 years$2,292$1,405$830$476$267$161
43 years$2,213$1,339$779$439$242$144
44 years$2,139$1,276$731$406$220$129
45 years$2,068$1,217$686$375$200$116
46 years$2,000$1,161$645$346$181$103
47 years$1,935$1,108$606$320$165$92
48 years$1,873$1,058$569$295$149$83
49 years$1,814$1,010$535$273$136$74
50 years$1,757$965$503$252$123$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,800,000, adding $4,070 every year, while hoping to spend $48,326 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: 45/37/18 Blend