Can I retire at age 79 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$151,120$149,774$148,460$147,178$145,927$144,583
2 years$74,812$73,418$72,068$70,759$69,489$68,135
3 years$49,379$47,980$46,633$45,336$44,087$42,765
4 years$36,665$35,270$33,937$32,662$31,443$30,163
5 years$29,039$27,652$26,336$25,088$23,902$22,669
6 years$23,956$22,580$21,284$20,063$18,913$17,727
7 years$20,327$18,963$17,687$16,495$15,381$14,243
8 years$17,607$16,255$15,000$13,837$12,760$11,670
9 years$15,492$14,153$12,919$11,786$10,746$9,703
10 years$13,801$12,475$11,263$10,160$9,156$8,160
11 years$12,419$11,106$9,916$8,842$7,875$6,924
12 years$11,267$9,968$8,800$7,756$6,824$5,919
13 years$10,294$9,008$7,862$6,847$5,951$5,089
14 years$9,460$8,188$7,064$6,078$5,216$4,398
15 years$8,739$7,480$6,378$5,421$4,593$3,816
16 years$8,108$6,863$5,783$4,853$4,059$3,323
17 years$7,551$6,320$5,262$4,361$3,599$2,902
18 years$7,058$5,840$4,804$3,930$3,200$2,541
19 years$6,616$5,413$4,398$3,551$2,852$2,230
20 years$6,220$5,030$4,036$3,216$2,548$1,961
21 years$5,861$4,685$3,712$2,919$2,280$1,727
22 years$5,536$4,373$3,421$2,654$2,044$1,523
23 years$5,239$4,090$3,159$2,417$1,835$1,344
24 years$4,967$3,832$2,922$2,204$1,649$1,188
25 years$4,718$3,596$2,706$2,013$1,484$1,051
26 years$4,488$3,380$2,510$1,841$1,337$931
27 years$4,276$3,181$2,330$1,685$1,205$825
28 years$4,079$2,997$2,166$1,544$1,087$732
29 years$3,896$2,828$2,016$1,416$982$649
30 years$3,725$2,670$1,878$1,299$887$576
31 years$3,566$2,524$1,751$1,193$802$512
32 years$3,417$2,389$1,633$1,097$726$455
33 years$3,277$2,262$1,525$1,008$657$404
34 years$3,146$2,144$1,425$928$594$359
35 years$3,023$2,034$1,332$854$538$320
36 years$2,906$1,930$1,246$787$488$284
37 years$2,797$1,833$1,167$725$442$253
38 years$2,693$1,742$1,092$668$401$225
39 years$2,595$1,657$1,023$616$364$200
40 years$2,502$1,576$959$568$330$178
41 years$2,414$1,500$899$524$299$159
42 years$2,330$1,429$844$484$271$141
43 years$2,250$1,361$792$447$246$126
44 years$2,174$1,298$743$412$224$112
45 years$2,102$1,237$698$381$203$100
46 years$2,033$1,181$655$352$184$89
47 years$1,967$1,127$616$325$167$79
48 years$1,904$1,075$579$300$152$71
49 years$1,844$1,027$544$278$138$63
50 years$1,787$981$511$257$125$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,830,000, adding $3,957 every year, while hoping to spend $36,057 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: 62/8/30 Blend
78$1,830,000$1,830,000$1,830,000$1,830,000
79$2,020,742$1,923,752$1,895,387$2,129,442
80$2,188,493$1,979,651$1,920,518$2,259,817
81$2,372,146$2,037,081$1,945,282$2,397,887
82$2,573,286$2,096,079$1,969,630$2,547,910
83$2,793,656$2,156,681$1,993,507$2,711,064
84$3,035,177$2,218,927$2,016,858$2,888,647
85$3,299,966$2,282,855$2,039,623$3,082,090
86$3,590,351$2,348,504$2,061,740$3,292,969
87$3,908,901$2,415,914$2,083,142$3,523,019
88$4,258,441$2,485,126$2,103,759$3,774,156
89$4,642,085$2,556,181$2,123,518$4,048,486
90$5,063,263$2,629,119$2,142,342$4,348,332
91$5,525,754$2,703,984$2,160,148$4,676,255
92$6,033,719$2,780,817$2,176,851$5,035,075
93$6,591,743$2,859,662$2,192,360$5,427,900
94$7,204,877$2,940,561$2,206,580$5,858,155
95$7,878,685$3,023,559$2,219,411$6,329,615
96$8,619,297$3,108,700$2,230,748$6,846,439
97$9,433,466$3,196,028$2,240,479$7,413,211
98$10,328,634$3,285,587$2,248,489$8,034,983
99$11,312,996$3,377,422$2,254,655$8,717,320
100$12,395,585$3,471,579$2,258,849$9,466,359