Can I retire at age 78 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$122,217$121,128$120,066$119,030$118,017$116,350
2 years$60,503$59,377$58,285$57,226$56,199$54,522
3 years$39,935$38,803$37,714$36,665$35,655$34,021
4 years$29,653$28,525$27,446$26,415$25,429$23,851
5 years$23,485$22,364$21,299$20,289$19,331$17,813
6 years$19,375$18,262$17,213$16,226$15,296$13,839
7 years$16,440$15,336$14,304$13,340$12,440$11,045
8 years$14,239$13,146$12,131$11,191$10,320$8,988
9 years$12,529$11,446$10,448$9,532$8,691$7,420
10 years$11,162$10,089$9,109$8,217$7,405$6,195
11 years$10,044$8,982$8,020$7,151$6,369$5,218
12 years$9,112$8,061$7,117$6,272$5,519$4,426
13 years$8,325$7,285$6,359$5,537$4,813$3,777
14 years$7,651$6,622$5,713$4,916$4,219$3,238
15 years$7,067$6,049$5,158$4,384$3,714$2,787
16 years$6,557$5,550$4,677$3,925$3,283$2,407
17 years$6,107$5,111$4,256$3,527$2,911$2,084
18 years$5,708$4,723$3,885$3,178$2,588$1,809
19 years$5,351$4,377$3,556$2,872$2,307$1,574
20 years$5,030$4,068$3,264$2,601$2,061$1,372
21 years$4,740$3,789$3,002$2,361$1,844$1,197
22 years$4,477$3,537$2,767$2,146$1,653$1,046
23 years$4,237$3,308$2,555$1,955$1,484$915
24 years$4,017$3,099$2,363$1,783$1,334$802
25 years$3,816$2,909$2,188$1,628$1,200$703
26 years$3,630$2,734$2,030$1,489$1,081$616
27 years$3,458$2,573$1,885$1,363$975$541
28 years$3,299$2,424$1,752$1,248$879$475
29 years$3,151$2,287$1,630$1,145$794$417
30 years$3,013$2,160$1,519$1,051$717$367
31 years$2,884$2,042$1,416$965$649$323
32 years$2,763$1,932$1,321$887$587$284
33 years$2,650$1,829$1,233$816$531$250
34 years$2,544$1,734$1,152$750$481$220
35 years$2,445$1,645$1,077$691$435$194
36 years$2,351$1,561$1,008$636$395$170
37 years$2,262$1,483$943$586$358$150
38 years$2,178$1,409$883$540$324$132
39 years$2,099$1,340$828$498$294$116
40 years$2,023$1,275$776$459$267$103
41 years$1,952$1,213$727$424$242$90
42 years$1,884$1,156$682$391$220$80
43 years$1,820$1,101$640$361$199$70
44 years$1,758$1,050$601$333$181$62
45 years$1,700$1,001$564$308$164$55
46 years$1,644$955$530$284$149$48
47 years$1,591$911$498$263$135$42
48 years$1,540$870$468$243$123$37
49 years$1,492$831$440$224$112$33
50 years$1,445$793$414$207$101$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,480,000, adding $6,726 every year, while hoping to spend $21,139 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: 56/38/6 Blend
77$1,480,000$1,480,000$1,480,000$1,480,000
78$1,637,898$1,559,458$1,536,518$1,727,151
79$1,782,472$1,613,380$1,565,499$1,841,950
80$1,941,084$1,669,235$1,594,743$1,963,966
81$2,115,143$1,727,096$1,624,236$2,096,332
82$2,306,203$1,787,039$1,653,963$2,240,035
83$2,515,973$1,849,142$1,683,909$2,396,161
84$2,746,338$1,913,485$1,714,055$2,565,904
85$2,999,373$1,980,154$1,744,384$2,750,577
86$3,277,363$2,049,237$1,774,876$2,951,626
87$3,582,829$2,120,824$1,805,509$3,170,639
88$3,918,544$2,195,010$1,836,260$3,409,365
89$4,287,565$2,271,896$1,867,104$3,669,729
90$4,693,261$2,351,583$1,898,016$3,953,849
91$5,139,341$2,434,177$1,928,967$4,264,054
92$5,629,893$2,519,791$1,959,927$4,602,911
93$6,169,421$2,608,540$1,990,863$4,973,242
94$6,762,887$2,700,544$2,021,742$5,378,156
95$7,415,758$2,795,928$2,052,528$5,821,075
96$8,134,059$2,894,822$2,083,181$6,305,765
97$8,924,426$2,997,361$2,113,661$6,836,374
98$9,794,173$3,103,687$2,143,923$7,417,468
99$10,751,356$3,213,945$2,173,922$8,054,076
100$11,804,855$3,328,289$2,203,609$8,751,734