Can I retire at age 79 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$153,597$152,229$150,894$149,591$148,319$146,770
2 years$76,038$74,622$73,250$71,919$70,628$69,068
3 years$50,189$48,766$47,397$46,079$44,809$43,287
4 years$37,266$35,848$34,493$33,197$31,958$30,485
5 years$29,515$28,106$26,768$25,499$24,294$22,875
6 years$24,349$22,950$21,633$20,392$19,223$17,859
7 years$20,661$19,274$17,977$16,765$15,634$14,325
8 years$17,896$16,521$15,246$14,064$12,970$11,717
9 years$15,746$14,385$13,131$11,979$10,922$9,725
10 years$14,027$12,679$11,448$10,326$9,306$8,164
11 years$12,622$11,288$10,079$8,987$8,004$6,915
12 years$11,452$10,131$8,945$7,883$6,936$5,899
13 years$10,463$9,156$7,991$6,959$6,048$5,063
14 years$9,615$8,322$7,180$6,178$5,302$4,367
15 years$8,882$7,602$6,483$5,509$4,668$3,781
16 years$8,241$6,975$5,878$4,933$4,126$3,286
17 years$7,675$6,424$5,348$4,432$3,658$2,864
18 years$7,173$5,936$4,882$3,994$3,253$2,502
19 years$6,725$5,501$4,470$3,609$2,899$2,191
20 years$6,322$5,112$4,102$3,269$2,590$1,922
21 years$5,957$4,762$3,773$2,967$2,317$1,689
22 years$5,626$4,445$3,477$2,697$2,077$1,486
23 years$5,325$4,157$3,211$2,457$1,865$1,309
24 years$5,049$3,895$2,969$2,241$1,676$1,154
25 years$4,795$3,655$2,750$2,046$1,508$1,019
26 years$4,562$3,435$2,551$1,871$1,358$900
27 years$4,346$3,233$2,369$1,713$1,225$796
28 years$4,146$3,047$2,202$1,569$1,105$704
29 years$3,959$2,874$2,049$1,439$998$623
30 years$3,786$2,714$1,909$1,321$902$552
31 years$3,624$2,566$1,779$1,213$815$489
32 years$3,473$2,428$1,660$1,115$737$433
33 years$3,331$2,299$1,550$1,025$667$384
34 years$3,198$2,179$1,448$943$604$341
35 years$3,072$2,067$1,354$868$547$302
36 years$2,954$1,962$1,267$800$496$268
37 years$2,843$1,863$1,186$737$449$238
38 years$2,737$1,771$1,110$679$407$211
39 years$2,637$1,684$1,040$626$369$188
40 years$2,543$1,602$975$577$335$166
41 years$2,453$1,525$914$533$304$148
42 years$2,368$1,452$858$492$276$131
43 years$2,287$1,384$805$454$250$117
44 years$2,210$1,319$755$419$227$104
45 years$2,136$1,258$709$387$206$92
46 years$2,066$1,200$666$358$187$82
47 years$2,000$1,145$626$330$170$73
48 years$1,936$1,093$588$305$154$65
49 years$1,874$1,044$553$282$140$57
50 years$1,816$997$520$261$127$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,860,000, adding $6,545 every year, while hoping to spend $20,300 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: 56/26/18 Blend
78$1,860,000$1,860,000$1,860,000$1,860,000
79$2,056,471$1,957,891$1,929,061$2,161,436
80$2,244,632$2,032,229$1,972,086$2,307,984
81$2,451,305$2,109,529$2,015,871$2,464,806
82$2,678,357$2,189,914$2,060,422$2,635,189
83$2,927,844$2,273,515$2,105,741$2,820,440
84$3,202,033$2,360,465$2,151,831$3,021,993
85$3,503,418$2,450,906$2,198,695$3,241,427
86$3,834,750$2,544,984$2,246,335$3,480,480
87$4,199,059$2,642,852$2,294,751$3,741,064
88$4,599,681$2,744,670$2,343,944$4,025,281
89$5,040,295$2,850,606$2,393,913$4,335,448
90$5,524,953$2,960,833$2,444,656$4,674,111
91$6,058,117$3,075,533$2,496,171$5,044,074
92$6,644,707$3,194,896$2,548,456$5,448,425
93$7,290,143$3,319,122$2,601,504$5,890,561
94$8,000,395$3,448,416$2,655,312$6,374,222
95$8,782,042$3,582,995$2,709,871$6,903,527
96$9,642,333$3,723,085$2,765,175$7,483,009
97$10,589,257$3,868,922$2,821,215$8,117,660
98$11,631,614$4,020,752$2,877,978$8,812,977
99$12,779,103$4,178,833$2,935,455$9,575,013
100$14,042,409$4,343,434$2,993,630$10,410,433