Can I retire at age 79 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$151,945$150,592$149,272$147,983$146,724$143,527
2 years$75,221$73,820$72,462$71,146$69,869$66,664
3 years$49,649$48,242$46,888$45,584$44,328$41,215
4 years$36,866$35,463$34,122$32,840$31,615$28,618
5 years$29,198$27,803$26,480$25,225$24,033$21,161
6 years$24,087$22,704$21,400$20,172$19,017$16,272
7 years$20,438$19,066$17,783$16,585$15,466$12,850
8 years$17,703$16,343$15,082$13,913$12,830$10,341
9 years$15,577$14,230$12,990$11,850$10,805$8,442
10 years$13,877$12,543$11,325$10,215$9,206$6,966
11 years$12,487$11,166$9,970$8,890$7,918$5,798
12 years$11,329$10,022$8,848$7,798$6,861$4,858
13 years$10,350$9,057$7,905$6,884$5,983$4,093
14 years$9,512$8,233$7,103$6,111$5,245$3,464
15 years$8,786$7,521$6,413$5,450$4,618$2,943
16 years$8,152$6,900$5,814$4,880$4,081$2,508
17 years$7,593$6,355$5,291$4,385$3,619$2,143
18 years$7,096$5,872$4,830$3,951$3,218$1,835
19 years$6,652$5,442$4,422$3,570$2,868$1,574
20 years$6,254$5,057$4,058$3,234$2,562$1,352
21 years$5,893$4,711$3,732$2,935$2,292$1,163
22 years$5,566$4,397$3,440$2,668$2,055$1,002
23 years$5,268$4,113$3,176$2,430$1,845$864
24 years$4,995$3,853$2,938$2,216$1,658$745
25 years$4,744$3,616$2,721$2,024$1,492$643
26 years$4,513$3,398$2,523$1,851$1,344$556
27 years$4,299$3,198$2,343$1,694$1,212$480
28 years$4,101$3,014$2,178$1,552$1,093$415
29 years$3,917$2,843$2,027$1,423$987$359
30 years$3,745$2,685$1,888$1,306$892$311
31 years$3,585$2,538$1,760$1,200$806$269
32 years$3,436$2,402$1,642$1,103$729$233
33 years$3,295$2,274$1,533$1,014$660$202
34 years$3,163$2,156$1,433$933$598$175
35 years$3,039$2,045$1,340$859$541$152
36 years$2,922$1,941$1,253$791$491$131
37 years$2,812$1,843$1,173$729$445$114
38 years$2,708$1,752$1,098$672$403$99
39 years$2,609$1,666$1,029$619$365$86
40 years$2,516$1,585$965$571$332$74
41 years$2,427$1,509$904$527$301$64
42 years$2,343$1,437$848$486$273$56
43 years$2,262$1,369$796$449$248$48
44 years$2,186$1,305$747$415$225$42
45 years$2,114$1,244$702$383$204$36
46 years$2,044$1,187$659$354$185$31
47 years$1,978$1,133$619$327$168$27
48 years$1,915$1,081$582$302$153$24
49 years$1,854$1,033$547$279$139$21
50 years$1,796$986$514$258$126$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,840,000, adding $3,589 every year, while hoping to spend $33,749 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: 37/46/17 Blend
78$1,840,000$1,840,000$1,840,000$1,840,000
79$2,031,382$1,933,862$1,905,342$2,095,956
80$2,202,674$1,992,713$1,933,262$2,201,716
81$2,390,307$2,053,316$1,960,987$2,312,410
82$2,595,912$2,115,722$1,988,473$2,431,263
83$2,821,285$2,179,982$2,015,677$2,559,024
84$3,068,405$2,246,150$2,042,551$2,696,516
85$3,339,450$2,314,279$2,069,044$2,844,647
86$3,636,821$2,384,426$2,095,104$3,004,411
87$3,963,161$2,456,647$2,120,675$3,176,906
88$4,321,383$2,531,002$2,145,697$3,363,335
89$4,714,694$2,607,551$2,170,108$3,565,026
90$5,146,627$2,686,355$2,193,840$3,783,437
91$5,621,075$2,767,479$2,216,826$4,020,174
92$6,142,326$2,850,986$2,238,991$4,277,003
93$6,715,103$2,936,944$2,260,257$4,555,870
94$7,344,610$3,025,421$2,280,542$4,858,915
95$8,036,581$3,116,488$2,299,761$5,188,495
96$8,797,332$3,210,216$2,317,823$5,547,203
97$9,633,822$3,306,678$2,334,632$5,937,896
98$10,553,717$3,405,950$2,350,087$6,363,719
99$11,565,465$3,508,111$2,364,084$6,828,135
100$12,678,372$3,613,238$2,376,510$7,334,957