Can I retire at age 78 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$134,604$133,405$132,235$131,093$129,978$127,354
2 years$66,636$65,395$64,192$63,026$61,895$59,262
3 years$43,982$42,736$41,536$40,381$39,268$36,710
4 years$32,658$31,416$30,228$29,092$28,007$25,542
5 years$25,865$24,630$23,458$22,346$21,290$18,926
6 years$21,338$20,112$18,958$17,870$16,846$14,585
7 years$18,106$16,890$15,754$14,692$13,700$11,543
8 years$15,683$14,478$13,361$12,325$11,366$9,312
9 years$13,799$12,606$11,507$10,498$9,572$7,619
10 years$12,293$11,111$10,032$9,049$8,156$6,303
11 years$11,061$9,892$8,832$7,876$7,014$5,259
12 years$10,036$8,878$7,839$6,908$6,078$4,418
13 years$9,169$8,023$7,003$6,099$5,300$3,733
14 years$8,426$7,293$6,292$5,414$4,646$3,168
15 years$7,784$6,662$5,681$4,828$4,091$2,699
16 years$7,222$6,113$5,151$4,323$3,616$2,306
17 years$6,726$5,629$4,687$3,884$3,206$1,976
18 years$6,286$5,202$4,279$3,500$2,850$1,697
19 years$5,893$4,821$3,917$3,163$2,541$1,460
20 years$5,540$4,480$3,595$2,865$2,269$1,258
21 years$5,221$4,173$3,306$2,600$2,031$1,086
22 years$4,931$3,895$3,047$2,364$1,820$938
23 years$4,666$3,643$2,814$2,153$1,634$811
24 years$4,425$3,413$2,602$1,964$1,469$702
25 years$4,202$3,203$2,410$1,793$1,322$608
26 years$3,998$3,011$2,235$1,640$1,190$527
27 years$3,808$2,833$2,076$1,501$1,073$457
28 years$3,633$2,670$1,930$1,375$968$396
29 years$3,470$2,519$1,796$1,261$875$344
30 years$3,318$2,379$1,673$1,157$790$299
31 years$3,176$2,249$1,559$1,063$714$260
32 years$3,043$2,128$1,455$977$646$225
33 years$2,919$2,015$1,358$898$585$196
34 years$2,802$1,910$1,269$826$529$170
35 years$2,692$1,811$1,187$761$480$148
36 years$2,589$1,719$1,110$701$435$129
37 years$2,491$1,633$1,039$646$394$112
38 years$2,399$1,552$973$595$357$97
39 years$2,311$1,476$912$549$324$85
40 years$2,228$1,404$854$506$294$74
41 years$2,150$1,336$801$467$266$64
42 years$2,075$1,273$752$431$242$56
43 years$2,004$1,213$705$398$219$48
44 years$1,937$1,156$662$367$199$42
45 years$1,872$1,102$622$339$181$37
46 years$1,811$1,052$584$313$164$32
47 years$1,752$1,003$548$289$149$28
48 years$1,696$958$515$267$135$24
49 years$1,643$915$484$247$123$21
50 years$1,591$874$455$228$112$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,630,000, adding $3,501 every year, while hoping to spend $35,555 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: 46/30/24 Blend
77$1,630,000$1,630,000$1,630,000$1,630,000
78$1,799,871$1,713,481$1,688,216$1,870,117
79$1,945,628$1,759,612$1,706,941$1,966,052
80$2,105,060$1,806,811$1,725,102$2,066,313
81$2,279,525$1,855,093$1,742,642$2,174,383
82$2,470,518$1,904,474$1,759,501$2,291,012
83$2,679,684$1,954,966$1,775,618$2,417,021
84$2,908,835$2,006,584$1,790,925$2,553,317
85$3,159,969$2,059,339$1,805,354$2,700,900
86$3,435,283$2,113,244$1,818,830$2,860,868
87$3,737,199$2,168,309$1,831,278$3,034,435
88$4,068,382$2,224,546$1,842,615$3,222,935
89$4,431,772$2,281,963$1,852,756$3,427,838
90$4,830,601$2,340,568$1,861,613$3,650,766
91$5,268,436$2,400,369$1,869,090$3,893,504
92$5,749,200$2,461,371$1,875,088$4,158,019
93$6,277,219$2,523,578$1,879,504$4,446,478
94$6,857,256$2,586,995$1,882,229$4,761,272
95$7,494,560$2,651,621$1,883,147$5,105,032
96$8,194,911$2,717,457$1,882,138$5,480,658
97$8,964,679$2,784,499$1,879,077$5,891,349
98$9,810,881$2,852,744$1,873,831$6,340,626
99$10,741,248$2,922,185$1,866,261$6,832,373
100$11,764,296$2,992,813$1,856,221$7,370,867