Can I retire at age 78 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$95,792$94,938$94,106$93,293$92,500$90,707
2 years$47,422$46,538$45,683$44,853$44,048$42,248
3 years$31,300$30,413$29,560$28,738$27,946$26,196
4 years$23,241$22,357$21,512$20,704$19,931$18,245
5 years$18,407$17,528$16,694$15,902$15,151$13,533
6 years$15,185$14,313$13,491$12,717$11,989$10,441
7 years$12,885$12,020$11,211$10,456$9,750$8,273
8 years$11,161$10,303$9,508$8,771$8,089$6,681
9 years$9,820$8,971$8,189$7,471$6,812$5,473
10 years$8,748$7,908$7,140$6,440$5,804$4,533
11 years$7,872$7,040$6,286$5,605$4,992$3,787
12 years$7,142$6,318$5,578$4,916$4,326$3,186
13 years$6,525$5,710$4,984$4,340$3,772$2,695
14 years$5,997$5,190$4,478$3,853$3,307$2,290
15 years$5,539$4,741$4,043$3,436$2,911$1,954
16 years$5,139$4,350$3,666$3,077$2,573$1,672
17 years$4,787$4,006$3,336$2,764$2,281$1,435
18 years$4,474$3,702$3,045$2,491$2,029$1,234
19 years$4,194$3,431$2,788$2,251$1,808$1,063
20 years$3,942$3,188$2,558$2,039$1,615$917
21 years$3,715$2,970$2,353$1,850$1,445$793
22 years$3,509$2,772$2,169$1,682$1,295$686
23 years$3,321$2,593$2,002$1,532$1,163$594
24 years$3,149$2,429$1,852$1,397$1,045$515
25 years$2,991$2,280$1,715$1,276$941$447
26 years$2,845$2,143$1,591$1,167$847$388
27 years$2,710$2,016$1,477$1,068$764$337
28 years$2,585$1,900$1,373$979$689$293
29 years$2,469$1,792$1,278$897$622$255
30 years$2,361$1,693$1,190$824$562$221
31 years$2,260$1,600$1,110$756$508$193
32 years$2,166$1,514$1,035$695$460$168
33 years$2,077$1,434$967$639$416$146
34 years$1,994$1,359$903$588$377$127
35 years$1,916$1,289$844$541$341$111
36 years$1,842$1,223$790$499$309$96
37 years$1,773$1,162$739$459$280$84
38 years$1,707$1,104$692$423$254$73
39 years$1,645$1,050$649$390$230$64
40 years$1,586$999$608$360$209$55
41 years$1,530$951$570$332$190$48
42 years$1,477$906$535$307$172$42
43 years$1,426$863$502$283$156$37
44 years$1,378$823$471$261$142$32
45 years$1,332$784$442$241$129$28
46 years$1,289$748$415$223$117$24
47 years$1,247$714$390$206$106$21
48 years$1,207$682$367$190$96$18
49 years$1,169$651$345$176$87$16
50 years$1,133$622$324$163$79$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,160,000, adding $6,894 every year, while hoping to spend $31,464 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: 59/14/27 Blend
77$1,160,000$1,160,000$1,160,000$1,160,000
78$1,285,431$1,223,951$1,205,971$1,351,490
79$1,383,068$1,250,447$1,212,894$1,423,883
80$1,489,609$1,277,187$1,218,994$1,498,863
81$1,605,929$1,304,150$1,224,210$1,579,990
82$1,732,992$1,331,311$1,228,480$1,667,870
83$1,871,858$1,358,646$1,231,734$1,763,168
84$2,023,694$1,386,127$1,233,905$1,866,622
85$2,189,787$1,413,723$1,234,916$1,979,040
86$2,371,551$1,441,401$1,234,691$2,101,318
87$2,570,544$1,469,125$1,233,148$2,234,440
88$2,788,483$1,496,855$1,230,203$2,379,493
89$3,027,258$1,524,551$1,225,764$2,537,675
90$3,288,950$1,552,165$1,219,739$2,710,305
91$3,575,851$1,579,650$1,212,028$2,898,840
92$3,890,486$1,606,951$1,202,529$3,104,885
93$4,235,636$1,634,012$1,191,134$3,330,209
94$4,614,363$1,660,770$1,177,729$3,576,763
95$5,030,041$1,687,161$1,162,196$3,846,697
96$5,486,386$1,713,113$1,144,411$4,142,384
97$5,987,492$1,738,550$1,124,243$4,466,436
98$6,537,867$1,763,390$1,101,556$4,821,737
99$7,142,480$1,787,546$1,076,209$5,211,463
100$7,806,802$1,810,926$1,048,051$5,639,118