Can I retire at age 79 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$75,973$75,296$74,636$73,991$73,362$72,961
2 years$37,610$36,910$36,231$35,573$34,934$34,530
3 years$24,824$24,121$23,444$22,792$22,164$21,768
4 years$18,433$17,731$17,061$16,420$15,807$15,423
5 years$14,599$13,902$13,240$12,612$12,017$11,646
6 years$12,044$11,352$10,700$10,086$9,508$9,151
7 years$10,219$9,533$8,892$8,292$7,733$7,389
8 years$8,852$8,172$7,541$6,956$6,415$6,085
9 years$7,788$7,115$6,495$5,925$5,402$5,086
10 years$6,938$6,271$5,662$5,108$4,603$4,301
11 years$6,243$5,583$4,985$4,445$3,959$3,670
12 years$5,664$5,011$4,424$3,899$3,431$3,154
13 years$5,175$4,529$3,953$3,442$2,992$2,728
14 years$4,756$4,116$3,552$3,056$2,622$2,372
15 years$4,393$3,760$3,207$2,725$2,309$2,070
16 years$4,076$3,450$2,907$2,440$2,041$1,814
17 years$3,796$3,177$2,645$2,192$1,809$1,594
18 years$3,548$2,936$2,415$1,976$1,609$1,405
19 years$3,326$2,721$2,211$1,785$1,434$1,241
20 years$3,127$2,529$2,029$1,617$1,281$1,098
21 years$2,947$2,355$1,866$1,467$1,146$973
22 years$2,783$2,199$1,720$1,334$1,027$864
23 years$2,634$2,056$1,588$1,215$922$768
24 years$2,497$1,927$1,469$1,108$829$684
25 years$2,372$1,808$1,360$1,012$746$609
26 years$2,256$1,699$1,262$925$672$543
27 years$2,150$1,599$1,172$847$606$485
28 years$2,050$1,507$1,089$776$547$433
29 years$1,958$1,422$1,014$712$494$387
30 years$1,873$1,343$944$653$446$346
31 years$1,793$1,269$880$600$403$310
32 years$1,718$1,201$821$551$365$277
33 years$1,648$1,137$767$507$330$248
34 years$1,582$1,078$716$466$299$222
35 years$1,520$1,022$670$429$271$199
36 years$1,461$970$627$395$245$179
37 years$1,406$922$586$364$222$160
38 years$1,354$876$549$336$202$143
39 years$1,305$833$515$310$183$129
40 years$1,258$792$482$286$166$115
41 years$1,213$754$452$264$150$104
42 years$1,171$718$424$243$136$93
43 years$1,131$684$398$224$124$83
44 years$1,093$652$374$207$112$75
45 years$1,057$622$351$191$102$67
46 years$1,022$593$330$177$93$60
47 years$989$566$310$163$84$54
48 years$957$541$291$151$76$49
49 years$927$516$273$140$69$44
50 years$898$493$257$129$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $920,000, adding $5,746 every year, while hoping to spend $38,591 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: 38/42/20 Blend
78$920,000$920,000$920,000$920,000
79$1,019,767$971,007$956,747$1,052,212
80$1,082,723$977,526$947,737$1,082,688
81$1,150,806$983,071$937,133$1,111,535
82$1,224,501$987,553$924,839$1,141,917
83$1,304,335$990,879$910,756$1,173,994
84$1,390,894$992,948$894,783$1,207,945
85$1,484,817$993,655$876,810$1,243,970
86$1,586,810$992,885$856,725$1,282,289
87$1,697,648$990,520$834,409$1,323,152
88$1,818,185$986,433$809,738$1,366,834
89$1,949,359$980,487$782,584$1,413,641
90$2,092,203$972,540$752,809$1,463,916
91$2,247,853$962,440$720,274$1,518,037
92$2,417,560$950,025$684,829$1,576,428
93$2,602,701$935,126$646,321$1,639,558
94$2,804,790$917,561$604,586$1,707,947
95$3,025,496$897,139$559,457$1,782,176
96$3,266,655$873,657$510,757$1,862,887
97$3,530,287$846,899$458,301$1,950,795
98$3,818,618$816,639$401,896$2,046,690
99$4,134,099$782,636$341,341$2,151,452
100$4,479,427$744,635$276,426$2,266,055