Can I retire at age 79 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$159,378$157,958$156,573$155,221$153,901$149,333
2 years$78,900$77,430$76,006$74,625$73,286$68,722
3 years$52,077$50,602$49,181$47,813$46,496$42,078
4 years$38,669$37,198$35,791$34,447$33,161$28,924
5 years$30,626$29,163$27,775$26,458$25,209$21,164
6 years$25,265$23,814$22,447$21,159$19,947$16,098
7 years$21,438$19,999$18,653$17,396$16,222$12,568
8 years$18,569$17,143$15,819$14,593$13,458$9,997
9 years$16,339$14,926$13,625$12,430$11,333$8,063
10 years$14,555$13,156$11,879$10,715$9,657$6,571
11 years$13,097$11,712$10,458$9,325$8,305$5,399
12 years$11,883$10,512$9,281$8,179$7,197$4,465
13 years$10,857$9,500$8,292$7,221$6,276$3,712
14 years$9,977$8,635$7,451$6,410$5,501$3,099
15 years$9,216$7,889$6,727$5,717$4,844$2,596
16 years$8,551$7,238$6,099$5,119$4,281$2,181
17 years$7,964$6,666$5,550$4,599$3,796$1,836
18 years$7,443$6,159$5,066$4,145$3,375$1,549
19 years$6,978$5,708$4,638$3,745$3,008$1,309
20 years$6,559$5,305$4,256$3,392$2,687$1,108
21 years$6,181$4,941$3,915$3,078$2,405$939
22 years$5,838$4,612$3,608$2,799$2,155$796
23 years$5,525$4,314$3,332$2,549$1,935$675
24 years$5,239$4,042$3,081$2,325$1,739$574
25 years$4,976$3,793$2,854$2,123$1,565$487
26 years$4,733$3,565$2,647$1,941$1,410$414
27 years$4,509$3,355$2,458$1,777$1,271$352
28 years$4,302$3,161$2,285$1,628$1,147$300
29 years$4,108$2,982$2,126$1,493$1,035$255
30 years$3,929$2,816$1,980$1,370$936$217
31 years$3,761$2,662$1,846$1,258$846$185
32 years$3,604$2,519$1,723$1,157$765$158
33 years$3,456$2,386$1,608$1,064$692$134
34 years$3,318$2,261$1,503$979$627$114
35 years$3,188$2,145$1,405$901$568$97
36 years$3,065$2,036$1,314$830$515$83
37 years$2,950$1,933$1,230$764$466$71
38 years$2,840$1,837$1,152$705$423$60
39 years$2,737$1,747$1,079$650$383$51
40 years$2,639$1,662$1,012$599$348$44
41 years$2,546$1,582$949$553$315$37
42 years$2,457$1,507$890$510$286$32
43 years$2,373$1,436$835$471$260$27
44 years$2,293$1,369$784$435$236$23
45 years$2,217$1,305$736$402$214$20
46 years$2,144$1,245$691$371$194$17
47 years$2,075$1,188$649$343$176$14
48 years$2,008$1,134$610$317$160$12
49 years$1,945$1,083$574$293$146$10
50 years$1,884$1,035$539$271$132$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,930,000, adding $4,256 every year, while hoping to spend $54,024 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: 43/46/11 Blend
78$1,930,000$1,930,000$1,930,000$1,930,000
79$2,131,250$2,028,960$1,999,045$2,215,922
80$2,291,156$2,070,898$2,008,532$2,317,347
81$2,465,563$2,113,080$2,016,526$2,421,381
82$2,655,891$2,155,462$2,022,920$2,532,879
83$2,863,705$2,197,993$2,027,602$2,652,544
84$3,090,730$2,240,622$2,030,453$2,781,156
85$3,338,862$2,283,289$2,031,351$2,919,570
86$3,610,188$2,325,933$2,030,164$3,068,731
87$3,907,009$2,368,485$2,026,756$3,229,681
88$4,231,856$2,410,873$2,020,984$3,403,569
89$4,587,517$2,453,017$2,012,698$3,591,659
90$4,977,061$2,494,833$2,001,742$3,795,348
91$5,403,870$2,536,229$1,987,949$4,016,176
92$5,871,667$2,577,106$1,971,147$4,255,839
93$6,384,552$2,617,359$1,951,155$4,516,210
94$6,947,041$2,656,875$1,927,784$4,799,352
95$7,564,109$2,695,531$1,900,835$5,107,542
96$8,241,235$2,733,199$1,870,099$5,443,289
97$8,984,454$2,769,739$1,835,360$5,809,361
98$9,800,413$2,805,001$1,796,390$6,208,812
99$10,696,436$2,838,827$1,752,950$6,645,007
100$11,680,589$2,871,046$1,704,790$7,121,658