Can I retire at age 79 with 920,000?

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 $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%12.1%
1 years$75,973$75,296$74,636$73,991$73,362$72,717
2 years$37,610$36,910$36,231$35,573$34,934$34,284
3 years$24,824$24,121$23,444$22,792$22,164$21,529
4 years$18,433$17,731$17,061$16,420$15,807$15,193
5 years$14,599$13,902$13,240$12,612$12,017$11,424
6 years$12,044$11,352$10,700$10,086$9,508$8,938
7 years$10,219$9,533$8,892$8,292$7,733$7,185
8 years$8,852$8,172$7,541$6,956$6,415$5,891
9 years$7,788$7,115$6,495$5,925$5,402$4,901
10 years$6,938$6,271$5,662$5,108$4,603$4,124
11 years$6,243$5,583$4,985$4,445$3,959$3,501
12 years$5,664$5,011$4,424$3,899$3,431$2,995
13 years$5,175$4,529$3,953$3,442$2,992$2,577
14 years$4,756$4,116$3,552$3,056$2,622$2,228
15 years$4,393$3,760$3,207$2,725$2,309$1,935
16 years$4,076$3,450$2,907$2,440$2,041$1,686
17 years$3,796$3,177$2,645$2,192$1,809$1,474
18 years$3,548$2,936$2,415$1,976$1,609$1,291
19 years$3,326$2,721$2,211$1,785$1,434$1,134
20 years$3,127$2,529$2,029$1,617$1,281$998
21 years$2,947$2,355$1,866$1,467$1,146$879
22 years$2,783$2,199$1,720$1,334$1,027$776
23 years$2,634$2,056$1,588$1,215$922$686
24 years$2,497$1,927$1,469$1,108$829$607
25 years$2,372$1,808$1,360$1,012$746$537
26 years$2,256$1,699$1,262$925$672$476
27 years$2,150$1,599$1,172$847$606$422
28 years$2,050$1,507$1,089$776$547$375
29 years$1,958$1,422$1,014$712$494$333
30 years$1,873$1,343$944$653$446$296
31 years$1,793$1,269$880$600$403$263
32 years$1,718$1,201$821$551$365$234
33 years$1,648$1,137$767$507$330$208
34 years$1,582$1,078$716$466$299$185
35 years$1,520$1,022$670$429$271$165
36 years$1,461$970$627$395$245$146
37 years$1,406$922$586$364$222$130
38 years$1,354$876$549$336$202$116
39 years$1,305$833$515$310$183$103
40 years$1,258$792$482$286$166$92
41 years$1,213$754$452$264$150$82
42 years$1,171$718$424$243$136$73
43 years$1,131$684$398$224$124$65
44 years$1,093$652$374$207$112$58
45 years$1,057$622$351$191$102$52
46 years$1,022$593$330$177$93$46
47 years$989$566$310$163$84$41
48 years$957$541$291$151$76$37
49 years$927$516$273$140$69$33
50 years$898$493$257$129$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $920,000, adding $3,939 every year, while hoping to spend $27,013 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: 50/45/5 Blend
78$920,000$920,000$920,000$920,000
79$1,017,903$969,143$954,883$1,067,389
80$1,092,988$987,889$958,130$1,120,228
81$1,174,825$1,006,649$960,580$1,174,371
82$1,264,077$1,025,394$962,179$1,232,549
83$1,361,468$1,044,094$962,868$1,295,147
84$1,467,800$1,062,717$962,586$1,362,587
85$1,583,953$1,081,227$961,270$1,435,333
86$1,710,896$1,099,588$958,853$1,513,900
87$1,849,697$1,117,757$955,264$1,598,852
88$2,001,531$1,135,692$950,430$1,690,813
89$2,167,692$1,153,345$944,273$1,790,469
90$2,349,604$1,170,666$936,714$1,898,578
91$2,548,836$1,187,602$927,667$2,015,974
92$2,767,117$1,204,093$917,043$2,143,578
93$3,006,348$1,220,080$904,750$2,282,404
94$3,268,627$1,235,495$890,690$2,433,571
95$3,556,260$1,250,267$874,761$2,598,311
96$3,871,790$1,264,322$856,857$2,777,985
97$4,218,017$1,277,578$836,867$2,974,092
98$4,598,026$1,289,950$814,672$3,188,285
99$5,015,213$1,301,346$790,152$3,422,386
100$5,473,321$1,311,669$763,179$3,678,404