Can I retire at age 78 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$115,611$114,581$113,576$112,596$111,638$111,121
2 years$57,233$56,167$55,134$54,132$53,161$52,639
3 years$37,776$36,706$35,675$34,683$33,727$33,217
4 years$28,050$26,983$25,963$24,987$24,055$23,559
5 years$22,216$21,155$20,148$19,193$18,286$17,807
6 years$18,327$17,274$16,283$15,349$14,469$14,008
7 years$15,551$14,507$13,531$12,619$11,767$11,323
8 years$13,470$12,435$11,475$10,586$9,762$9,336
9 years$11,852$10,827$9,884$9,017$8,221$7,812
10 years$10,558$9,544$8,617$7,772$7,005$6,613
11 years$9,501$8,496$7,586$6,764$6,024$5,650
12 years$8,620$7,626$6,732$5,933$5,221$4,863
13 years$7,875$6,891$6,015$5,238$4,552$4,211
14 years$7,237$6,264$5,405$4,650$3,991$3,665
15 years$6,685$5,722$4,880$4,147$3,514$3,204
16 years$6,203$5,250$4,424$3,713$3,105$2,811
17 years$5,777$4,835$4,026$3,336$2,753$2,474
18 years$5,399$4,468$3,675$3,007$2,448$2,183
19 years$5,062$4,141$3,364$2,717$2,182$1,931
20 years$4,758$3,848$3,088$2,460$1,949$1,711
21 years$4,484$3,584$2,840$2,233$1,744$1,519
22 years$4,235$3,346$2,617$2,030$1,563$1,351
23 years$4,008$3,129$2,417$1,849$1,403$1,203
24 years$3,800$2,932$2,235$1,686$1,261$1,072
25 years$3,609$2,751$2,070$1,540$1,135$957
26 years$3,434$2,586$1,920$1,408$1,022$854
27 years$3,271$2,434$1,783$1,289$922$764
28 years$3,120$2,293$1,657$1,181$832$683
29 years$2,980$2,163$1,542$1,083$751$612
30 years$2,850$2,043$1,437$994$679$548
31 years$2,728$1,931$1,339$913$614$491
32 years$2,614$1,827$1,250$839$555$440
33 years$2,507$1,731$1,167$771$502$395
34 years$2,407$1,640$1,090$710$455$354
35 years$2,312$1,556$1,019$653$412$318
36 years$2,224$1,477$953$602$373$285
37 years$2,140$1,402$892$554$338$256
38 years$2,060$1,333$836$511$307$230
39 years$1,985$1,267$783$471$278$207
40 years$1,914$1,206$734$435$252$186
41 years$1,847$1,148$688$401$229$167
42 years$1,782$1,093$646$370$208$150
43 years$1,721$1,042$606$342$188$135
44 years$1,663$993$569$315$171$121
45 years$1,608$947$534$291$155$109
46 years$1,555$903$501$269$141$98
47 years$1,505$862$471$249$128$88
48 years$1,457$823$443$230$116$79
49 years$1,411$786$416$212$106$71
50 years$1,367$751$391$196$96$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,400,000, adding $3,293 every year, while hoping to spend $26,778 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: 66/14/20 Blend
77$1,400,000$1,400,000$1,400,000$1,400,000
78$1,546,197$1,471,997$1,450,297$1,640,259
79$1,675,417$1,515,633$1,470,390$1,747,384
80$1,816,921$1,560,510$1,490,259$1,861,073
81$1,971,932$1,606,660$1,509,868$1,984,721
82$2,141,799$1,654,117$1,529,179$2,119,307
83$2,328,008$1,702,914$1,548,152$2,265,908
84$2,532,194$1,753,086$1,566,744$2,425,710
85$2,756,159$1,804,668$1,584,911$2,600,020
86$3,001,887$1,857,697$1,602,606$2,790,276
87$3,271,565$1,912,209$1,619,778$2,998,063
88$3,567,599$1,968,242$1,636,375$3,225,128
89$3,892,643$2,025,835$1,652,342$3,473,393
90$4,249,617$2,085,025$1,667,620$3,744,977
91$4,641,740$2,145,853$1,682,148$4,042,214
92$5,072,558$2,208,360$1,695,860$4,367,675
93$5,545,975$2,272,587$1,708,688$4,724,194
94$6,066,296$2,338,575$1,720,561$5,114,891
95$6,638,261$2,406,368$1,731,402$5,543,205
96$7,267,092$2,476,008$1,741,132$6,012,924
97$7,958,543$2,547,540$1,749,667$6,528,222
98$8,718,953$2,621,008$1,756,920$7,093,700
99$9,555,308$2,696,459$1,762,799$7,714,424
100$10,475,302$2,773,938$1,767,205$8,395,978