Can I retire at age 78 with 1,520,000?

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 $1,520,000?

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$125,520$124,402$123,311$122,247$121,207$119,494
2 years$62,139$60,981$59,860$58,772$57,718$55,995
3 years$41,014$39,852$38,733$37,656$36,618$34,940
4 years$30,454$29,295$28,188$27,129$26,117$24,495
5 years$24,120$22,968$21,875$20,838$19,853$18,294
6 years$19,898$18,755$17,678$16,664$15,709$14,213
7 years$16,884$15,751$14,691$13,700$12,776$11,344
8 years$14,624$13,501$12,459$11,493$10,599$9,231
9 years$12,868$11,755$10,731$9,789$8,926$7,621
10 years$11,463$10,362$9,355$8,439$7,605$6,362
11 years$10,315$9,224$8,236$7,344$6,541$5,359
12 years$9,359$8,279$7,310$6,442$5,668$4,546
13 years$8,550$7,482$6,531$5,687$4,943$3,879
14 years$7,858$6,801$5,868$5,048$4,333$3,325
15 years$7,258$6,213$5,298$4,502$3,815$2,862
16 years$6,734$5,700$4,803$4,031$3,372$2,472
17 years$6,272$5,250$4,371$3,622$2,989$2,141
18 years$5,862$4,851$3,990$3,264$2,658$1,858
19 years$5,495$4,496$3,653$2,950$2,369$1,616
20 years$5,166$4,178$3,352$2,671$2,116$1,409
21 years$4,868$3,891$3,083$2,424$1,894$1,229
22 years$4,598$3,632$2,842$2,204$1,698$1,074
23 years$4,352$3,397$2,624$2,008$1,524$940
24 years$4,126$3,183$2,427$1,831$1,370$823
25 years$3,919$2,987$2,248$1,672$1,232$722
26 years$3,728$2,807$2,084$1,529$1,110$633
27 years$3,551$2,642$1,936$1,399$1,001$556
28 years$3,388$2,490$1,799$1,282$903$488
29 years$3,236$2,349$1,675$1,176$815$429
30 years$3,094$2,218$1,560$1,079$737$377
31 years$2,962$2,097$1,454$991$666$331
32 years$2,838$1,984$1,357$911$603$292
33 years$2,722$1,879$1,267$838$545$257
34 years$2,613$1,781$1,184$771$494$226
35 years$2,511$1,689$1,107$709$447$199
36 years$2,414$1,603$1,035$653$405$175
37 years$2,323$1,523$969$602$367$154
38 years$2,237$1,447$907$555$333$136
39 years$2,155$1,376$850$512$302$120
40 years$2,078$1,309$797$472$274$105
41 years$2,005$1,246$747$435$248$93
42 years$1,935$1,187$701$402$225$82
43 years$1,869$1,131$658$371$205$72
44 years$1,806$1,078$617$342$186$64
45 years$1,746$1,028$580$316$169$56
46 years$1,689$981$544$292$153$49
47 years$1,634$936$511$270$139$44
48 years$1,582$893$481$249$126$38
49 years$1,532$853$452$231$115$34
50 years$1,484$815$425$213$104$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,520,000, adding $5,628 every year, while hoping to spend $50,274 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: 39/32/29 Blend
77$1,520,000$1,520,000$1,520,000$1,520,000
78$1,680,845$1,600,285$1,576,725$1,731,767
79$1,798,800$1,625,208$1,576,054$1,794,492
80$1,927,102$1,649,667$1,573,676$1,857,241
81$2,066,752$1,673,587$1,569,480$1,924,144
82$2,218,854$1,696,886$1,563,351$1,995,615
83$2,384,621$1,719,477$1,555,167$2,072,110
84$2,565,388$1,741,267$1,544,801$2,154,132
85$2,762,627$1,762,158$1,532,121$2,242,242
86$2,977,953$1,782,043$1,516,986$2,337,056
87$3,213,150$1,800,808$1,499,250$2,439,259
88$3,470,178$1,818,334$1,478,761$2,549,607
89$3,751,194$1,834,491$1,455,358$2,668,937
90$4,058,577$1,849,142$1,428,874$2,798,174
91$4,394,943$1,862,141$1,399,132$2,938,341
92$4,763,173$1,873,332$1,365,949$3,090,570
93$5,166,441$1,882,550$1,329,133$3,256,110
94$5,608,242$1,889,618$1,288,482$3,436,346
95$6,092,423$1,894,350$1,243,787$3,632,805
96$6,623,223$1,896,546$1,194,826$3,847,175
97$7,205,309$1,895,994$1,141,371$4,081,324
98$7,843,824$1,892,471$1,083,180$4,337,313
99$8,544,430$1,885,738$1,020,002$4,617,422
100$9,313,365$1,875,542$951,575$4,924,168