Can I retire at age 79 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$50,373$49,925$49,487$49,059$48,642$48,275
2 years$24,937$24,473$24,023$23,586$23,163$22,793
3 years$16,460$15,993$15,544$15,112$14,696$14,334
4 years$12,222$11,757$11,312$10,887$10,481$10,130
5 years$9,680$9,217$8,779$8,363$7,967$7,629
6 years$7,985$7,527$7,095$6,688$6,304$5,979
7 years$6,776$6,321$5,896$5,498$5,127$4,814
8 years$5,869$5,418$5,000$4,612$4,253$3,954
9 years$5,164$4,718$4,306$3,929$3,582$3,295
10 years$4,600$4,158$3,754$3,387$3,052$2,778
11 years$4,140$3,702$3,305$2,947$2,625$2,363
12 years$3,756$3,323$2,933$2,585$2,275$2,025
13 years$3,431$3,003$2,621$2,282$1,984$1,746
14 years$3,153$2,729$2,355$2,026$1,739$1,512
15 years$2,913$2,493$2,126$1,807$1,531$1,316
16 years$2,703$2,288$1,928$1,618$1,353$1,149
17 years$2,517$2,107$1,754$1,454$1,200$1,006
18 years$2,353$1,947$1,601$1,310$1,067$884
19 years$2,205$1,804$1,466$1,184$951$778
20 years$2,073$1,677$1,345$1,072$849$686
21 years$1,954$1,562$1,237$973$760$606
22 years$1,845$1,458$1,140$885$681$536
23 years$1,746$1,363$1,053$806$612$474
24 years$1,656$1,277$974$735$550$421
25 years$1,573$1,199$902$671$495$373
26 years$1,496$1,127$837$614$446$332
27 years$1,425$1,060$777$562$402$295
28 years$1,360$999$722$515$362$262
29 years$1,299$943$672$472$327$233
30 years$1,242$890$626$433$296$208
31 years$1,189$841$584$398$267$185
32 years$1,139$796$544$366$242$165
33 years$1,092$754$508$336$219$147
34 years$1,049$715$475$309$198$131
35 years$1,008$678$444$285$179$117
36 years$969$643$415$262$163$105
37 years$932$611$389$242$147$93
38 years$898$581$364$223$134$83
39 years$865$552$341$205$121$74
40 years$834$525$320$189$110$67
41 years$805$500$300$175$100$59
42 years$777$476$281$161$90$53
43 years$750$454$264$149$82$47
44 years$725$433$248$137$75$42
45 years$701$412$233$127$68$38
46 years$678$394$218$117$61$34
47 years$656$376$205$108$56$30
48 years$635$358$193$100$51$27
49 years$615$342$181$93$46$24
50 years$596$327$170$86$42$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $610,000, adding $4,819 every year, while hoping to spend $26,518 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: 43/41/16 Blend
78$610,000$610,000$610,000$610,000
79$677,191$644,861$635,406$702,968
80$718,049$648,244$628,477$724,939
81$762,187$650,904$620,427$745,728
82$809,909$652,778$611,191$767,684
83$861,554$653,798$600,700$790,926
84$917,491$653,893$588,882$815,586
85$978,127$652,986$575,661$841,813
86$1,043,910$650,996$560,961$869,770
87$1,115,333$647,839$544,697$899,642
88$1,192,937$643,423$526,784$931,630
89$1,277,317$637,651$507,131$965,961
90$1,369,129$630,422$485,646$1,002,886
91$1,469,094$621,626$462,229$1,042,685
92$1,578,005$611,149$436,777$1,085,665
93$1,696,735$598,870$409,183$1,132,172
94$1,826,246$584,658$379,335$1,182,586
95$1,967,595$568,378$347,114$1,237,331
96$2,121,947$549,886$312,399$1,296,876
97$2,290,582$529,027$275,062$1,361,742
98$2,474,913$505,640$234,967$1,432,505
99$2,676,492$479,554$191,977$1,509,804
100$2,897,029$450,588$145,943$1,594,349