Can I retire at age 79 with 1,910,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$157,726$156,321$154,950$153,612$152,306$151,601
2 years$78,082$76,628$75,219$73,852$72,527$71,815
3 years$51,538$50,077$48,671$47,318$46,014$45,317
4 years$38,268$36,812$35,420$34,090$32,818$32,142
5 years$30,308$28,861$27,488$26,184$24,947$24,294
6 years$25,004$23,567$22,214$20,940$19,740$19,110
7 years$21,216$19,792$18,460$17,216$16,054$15,448
8 years$18,377$16,965$15,656$14,442$13,318$12,737
9 years$16,169$14,771$13,484$12,301$11,216$10,658
10 years$14,405$13,020$11,756$10,604$9,557$9,022
11 years$12,962$11,591$10,350$9,228$8,219$7,708
12 years$11,760$10,404$9,185$8,095$7,122$6,634
13 years$10,744$9,402$8,206$7,146$6,211$5,745
14 years$9,874$8,546$7,373$6,344$5,444$5,001
15 years$9,121$7,807$6,657$5,657$4,794$4,371
16 years$8,462$7,163$6,036$5,066$4,237$3,835
17 years$7,882$6,597$5,492$4,551$3,756$3,375
18 years$7,366$6,095$5,014$4,102$3,340$2,978
19 years$6,906$5,649$4,590$3,706$2,977$2,634
20 years$6,491$5,250$4,212$3,357$2,659$2,334
21 years$6,117$4,890$3,874$3,046$2,380$2,072
22 years$5,778$4,564$3,571$2,770$2,133$1,843
23 years$5,468$4,269$3,297$2,523$1,915$1,641
24 years$5,185$4,000$3,049$2,301$1,721$1,462
25 years$4,924$3,754$2,824$2,101$1,549$1,305
26 years$4,684$3,528$2,619$1,921$1,395$1,166
27 years$4,463$3,320$2,432$1,759$1,258$1,042
28 years$4,257$3,128$2,261$1,611$1,135$932
29 years$4,066$2,951$2,104$1,478$1,025$834
30 years$3,888$2,787$1,960$1,356$926$747
31 years$3,722$2,635$1,827$1,245$837$670
32 years$3,566$2,493$1,705$1,145$757$600
33 years$3,421$2,361$1,592$1,052$685$538
34 years$3,284$2,238$1,487$968$620$483
35 years$3,155$2,122$1,391$891$562$434
36 years$3,034$2,014$1,301$821$509$389
37 years$2,919$1,913$1,218$756$461$350
38 years$2,811$1,818$1,140$697$418$314
39 years$2,708$1,729$1,068$643$379$282
40 years$2,611$1,645$1,001$593$344$253
41 years$2,519$1,566$939$547$312$228
42 years$2,432$1,491$881$505$283$205
43 years$2,349$1,421$826$466$257$184
44 years$2,269$1,354$776$430$233$166
45 years$2,194$1,292$728$397$212$149
46 years$2,122$1,232$684$367$192$134
47 years$2,053$1,176$643$339$175$120
48 years$1,988$1,122$604$313$159$108
49 years$1,925$1,072$568$290$144$97
50 years$1,865$1,024$534$268$131$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,910,000, adding $5,360 every year, while hoping to spend $28,054 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: 46/48/6 Blend
78$1,910,000$1,910,000$1,910,000$1,910,000
79$2,110,349$2,009,119$1,979,514$2,203,759
80$2,295,755$2,077,716$2,015,978$2,337,109
81$2,499,133$2,148,735$2,052,724$2,478,312
82$2,722,285$2,222,264$2,089,731$2,630,820
83$2,967,198$2,298,395$2,126,977$2,795,687
84$3,236,061$2,377,224$2,164,439$2,974,069
85$3,531,283$2,458,852$2,202,092$3,167,236
86$3,855,519$2,543,382$2,239,908$3,376,585
87$4,211,696$2,630,921$2,277,858$3,603,651
88$4,603,034$2,721,581$2,315,911$3,850,122
89$5,033,083$2,815,479$2,354,034$4,117,853
90$5,505,755$2,912,734$2,392,192$4,408,886
91$6,025,357$3,013,473$2,430,345$4,725,465
92$6,596,636$3,117,826$2,468,454$5,070,061
93$7,224,821$3,225,928$2,506,475$5,445,388
94$7,915,673$3,337,919$2,544,363$5,854,437
95$8,675,542$3,453,947$2,582,069$6,300,495
96$9,511,419$3,574,162$2,619,541$6,787,181
97$10,431,012$3,698,724$2,656,723$7,318,478
98$11,442,810$3,827,797$2,693,559$7,898,769
99$12,556,169$3,961,551$2,729,985$8,532,878
100$13,781,395$4,100,163$2,765,936$9,226,116