Can I retire at age 79 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$164,332$162,869$161,440$160,046$158,685$155,291
2 years$81,353$79,838$78,369$76,945$75,564$72,161
3 years$53,696$52,175$50,710$49,300$47,941$44,635
4 years$39,871$38,354$36,904$35,518$34,192$31,009
5 years$31,578$30,070$28,639$27,281$25,992$22,941
6 years$26,051$24,554$23,145$21,817$20,567$17,651
7 years$22,105$20,621$19,233$17,937$16,726$13,946
8 years$19,146$17,676$16,311$15,047$13,876$11,230
9 years$16,847$15,390$14,049$12,816$11,686$9,173
10 years$15,008$13,565$12,248$11,048$9,957$7,574
11 years$13,504$12,077$10,783$9,615$8,563$6,308
12 years$12,253$10,839$9,570$8,434$7,421$5,289
13 years$11,194$9,796$8,550$7,446$6,471$4,459
14 years$10,288$8,904$7,682$6,609$5,672$3,777
15 years$9,503$8,134$6,936$5,894$4,994$3,211
16 years$8,816$7,463$6,288$5,278$4,414$2,738
17 years$8,212$6,873$5,722$4,742$3,914$2,341
18 years$7,675$6,351$5,224$4,274$3,480$2,006
19 years$7,195$5,886$4,782$3,862$3,102$1,722
20 years$6,763$5,469$4,389$3,497$2,771$1,480
21 years$6,374$5,095$4,037$3,174$2,479$1,274
22 years$6,020$4,756$3,720$2,886$2,222$1,098
23 years$5,697$4,448$3,435$2,628$1,995$948
24 years$5,402$4,167$3,177$2,397$1,793$818
25 years$5,131$3,911$2,943$2,189$1,614$707
26 years$4,881$3,676$2,729$2,002$1,453$611
27 years$4,649$3,459$2,534$1,832$1,310$529
28 years$4,435$3,259$2,356$1,679$1,182$458
29 years$4,236$3,075$2,192$1,539$1,068$396
30 years$4,051$2,904$2,042$1,413$965$343
31 years$3,878$2,745$1,904$1,298$872$297
32 years$3,716$2,598$1,776$1,192$789$258
33 years$3,564$2,460$1,658$1,097$714$223
34 years$3,421$2,331$1,550$1,009$646$194
35 years$3,287$2,211$1,449$929$586$168
36 years$3,161$2,099$1,355$855$530$146
37 years$3,041$1,993$1,269$788$481$126
38 years$2,928$1,894$1,188$726$436$110
39 years$2,822$1,801$1,113$670$395$95
40 years$2,721$1,714$1,043$618$359$82
41 years$2,625$1,632$978$570$325$72
42 years$2,534$1,554$918$526$295$62
43 years$2,447$1,480$861$486$268$54
44 years$2,364$1,411$808$448$243$47
45 years$2,286$1,346$759$414$221$41
46 years$2,211$1,284$713$382$200$35
47 years$2,139$1,225$670$353$182$31
48 years$2,071$1,170$629$327$165$27
49 years$2,006$1,117$591$302$150$23
50 years$1,943$1,067$556$279$136$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,990,000, adding $2,178 every year, while hoping to spend $38,709 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: 62/15/23 Blend
78$1,990,000$1,990,000$1,990,000$1,990,000
79$2,195,227$2,089,757$2,058,912$2,317,928
80$2,377,954$2,150,969$2,086,699$2,462,411
81$2,578,021$2,213,883$2,114,120$2,615,625
82$2,797,158$2,278,541$2,141,121$2,782,045
83$3,037,266$2,344,988$2,167,647$2,962,965
84$3,300,441$2,413,266$2,193,637$3,159,810
85$3,588,992$2,483,422$2,219,029$3,374,149
86$3,905,459$2,555,500$2,243,757$3,607,710
87$4,252,644$2,629,547$2,267,751$3,862,398
88$4,633,629$2,705,610$2,290,936$4,140,308
89$5,051,812$2,783,738$2,313,236$4,443,752
90$5,510,935$2,863,979$2,334,567$4,775,274
91$6,015,120$2,946,383$2,354,844$5,137,678
92$6,568,906$3,031,000$2,373,975$5,534,051
93$7,177,296$3,117,881$2,391,865$5,967,798
94$7,845,800$3,207,077$2,408,413$6,442,668
95$8,580,489$3,298,641$2,423,512$6,962,790
96$9,388,051$3,392,626$2,437,051$7,532,717
97$10,275,852$3,489,086$2,448,913$8,157,463
98$11,252,012$3,588,073$2,458,974$8,842,554
99$12,325,472$3,689,644$2,467,105$9,594,077
100$13,506,087$3,793,853$2,473,169$10,418,742