Can I retire at age 79 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$156,074$154,684$153,328$152,004$150,711$149,262
2 years$77,265$75,826$74,431$73,079$71,767$70,307
3 years$50,998$49,553$48,162$46,822$45,532$44,106
4 years$37,867$36,427$35,049$33,733$32,474$31,094
5 years$29,991$28,559$27,200$25,910$24,686$23,356
6 years$24,742$23,320$21,981$20,720$19,533$18,254
7 years$20,994$19,585$18,267$17,035$15,886$14,658
8 years$18,184$16,788$15,492$14,291$13,179$12,003
9 years$16,000$14,617$13,343$12,172$11,098$9,974
10 years$14,254$12,884$11,633$10,493$9,456$8,383
11 years$12,826$11,470$10,241$9,132$8,133$7,109
12 years$11,637$10,295$9,089$8,010$7,048$6,073
13 years$10,632$9,303$8,120$7,071$6,146$5,219
14 years$9,771$8,456$7,296$6,277$5,387$4,507
15 years$9,025$7,725$6,587$5,598$4,743$3,908
16 years$8,373$7,088$5,972$5,013$4,192$3,401
17 years$7,799$6,527$5,435$4,504$3,717$2,968
18 years$7,289$6,032$4,961$4,059$3,305$2,597
19 years$6,833$5,590$4,542$3,667$2,946$2,277
20 years$6,424$5,195$4,168$3,322$2,631$2,001
21 years$6,053$4,839$3,834$3,015$2,355$1,761
22 years$5,717$4,517$3,534$2,741$2,111$1,551
23 years$5,411$4,224$3,263$2,496$1,895$1,369
24 years$5,130$3,958$3,017$2,277$1,703$1,209
25 years$4,873$3,714$2,795$2,079$1,532$1,069
26 years$4,635$3,491$2,592$1,901$1,380$946
27 years$4,416$3,285$2,407$1,740$1,245$837
28 years$4,212$3,096$2,237$1,594$1,123$742
29 years$4,023$2,920$2,082$1,462$1,014$658
30 years$3,847$2,758$1,939$1,342$916$584
31 years$3,683$2,607$1,808$1,232$828$518
32 years$3,529$2,467$1,687$1,133$749$460
33 years$3,385$2,336$1,575$1,041$678$408
34 years$3,249$2,214$1,472$958$614$363
35 years$3,122$2,100$1,376$882$556$322
36 years$3,002$1,993$1,287$812$504$286
37 years$2,888$1,893$1,205$749$457$255
38 years$2,781$1,799$1,128$690$414$226
39 years$2,680$1,711$1,057$636$375$201
40 years$2,584$1,628$991$587$341$179
41 years$2,493$1,550$929$541$309$159
42 years$2,406$1,476$871$500$280$142
43 years$2,324$1,406$818$461$254$126
44 years$2,246$1,340$768$426$231$112
45 years$2,171$1,278$721$393$210$100
46 years$2,100$1,219$677$363$190$89
47 years$2,032$1,164$636$336$173$79
48 years$1,967$1,111$598$310$157$70
49 years$1,905$1,061$562$287$143$63
50 years$1,845$1,013$528$265$129$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,890,000, adding $4,665 every year, while hoping to spend $36,691 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: 80/6/14 Blend
78$1,890,000$1,890,000$1,890,000$1,890,000
79$2,087,592$1,987,422$1,958,127$2,248,401
80$2,261,487$2,045,767$1,984,685$2,413,135
81$2,451,890$2,105,741$2,010,904$2,588,673
82$2,660,446$2,167,385$2,036,732$2,780,266
83$2,888,966$2,230,741$2,062,117$2,989,506
84$3,139,445$2,295,852$2,087,002$3,218,148
85$3,414,082$2,362,762$2,111,330$3,468,123
86$3,715,295$2,431,514$2,135,036$3,741,557
87$4,045,750$2,502,153$2,158,055$4,040,796
88$4,408,384$2,574,726$2,180,317$4,368,419
89$4,806,431$2,649,279$2,201,749$4,727,271
90$5,243,453$2,725,860$2,222,274$5,120,484
91$5,723,374$2,804,516$2,241,809$5,551,510
92$6,250,517$2,885,297$2,260,269$6,024,149
93$6,829,645$2,968,251$2,277,563$6,542,590
94$7,466,003$3,053,430$2,293,596$7,111,449
95$8,165,372$3,140,885$2,308,268$7,735,809
96$8,934,118$3,230,666$2,321,473$8,421,272
97$9,779,257$3,322,827$2,333,101$9,174,010
98$10,708,516$3,417,421$2,343,035$10,000,821
99$11,730,410$3,514,500$2,351,152$10,909,200
100$12,854,321$3,614,119$2,357,325$11,907,401