Can I retire at age 78 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$137,081$135,860$134,669$133,506$132,371$130,934
2 years$67,862$66,598$65,373$64,186$63,034$61,587
3 years$44,792$43,523$42,301$41,124$39,991$38,579
4 years$33,259$31,994$30,784$29,628$28,522$27,156
5 years$26,341$25,083$23,890$22,757$21,682$20,366
6 years$21,731$20,483$19,306$18,199$17,156$15,892
7 years$18,439$17,201$16,044$14,962$13,953$12,740
8 years$15,971$14,745$13,606$12,552$11,575$10,415
9 years$14,053$12,838$11,719$10,691$9,748$8,639
10 years$12,519$11,316$10,217$9,216$8,306$7,248
11 years$11,265$10,074$8,995$8,021$7,143$6,135
12 years$10,221$9,042$7,983$7,035$6,190$5,231
13 years$9,338$8,171$7,132$6,211$5,398$4,486
14 years$8,582$7,427$6,408$5,513$4,732$3,867
15 years$7,927$6,785$5,786$4,917$4,166$3,346
16 years$7,354$6,225$5,246$4,403$3,682$2,906
17 years$6,850$5,733$4,773$3,956$3,265$2,531
18 years$6,402$5,298$4,357$3,565$2,903$2,210
19 years$6,002$4,910$3,989$3,221$2,587$1,933
20 years$5,642$4,562$3,661$2,917$2,311$1,695
21 years$5,317$4,250$3,367$2,648$2,068$1,488
22 years$5,021$3,967$3,104$2,407$1,854$1,308
23 years$4,752$3,710$2,866$2,192$1,664$1,152
24 years$4,506$3,476$2,650$2,000$1,496$1,015
25 years$4,280$3,262$2,455$1,826$1,346$895
26 years$4,071$3,066$2,276$1,670$1,212$790
27 years$3,878$2,885$2,114$1,528$1,093$698
28 years$3,700$2,719$1,965$1,400$986$617
29 years$3,534$2,565$1,829$1,284$891$546
30 years$3,379$2,422$1,703$1,179$805$483
31 years$3,235$2,290$1,588$1,082$728$427
32 years$3,099$2,167$1,482$995$658$378
33 years$2,973$2,052$1,383$915$596$335
34 years$2,854$1,945$1,293$842$539$297
35 years$2,742$1,845$1,208$775$488$263
36 years$2,636$1,751$1,131$714$443$233
37 years$2,537$1,663$1,058$657$401$207
38 years$2,443$1,580$991$606$364$184
39 years$2,354$1,503$928$559$330$163
40 years$2,269$1,430$870$515$299$144
41 years$2,189$1,361$816$475$271$128
42 years$2,113$1,296$765$439$246$114
43 years$2,041$1,235$718$405$223$101
44 years$1,972$1,177$674$374$203$90
45 years$1,907$1,123$633$345$184$79
46 years$1,844$1,071$595$319$167$71
47 years$1,785$1,022$559$295$152$63
48 years$1,727$976$525$272$138$56
49 years$1,673$932$493$252$125$49
50 years$1,621$890$464$233$114$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,660,000, adding $4,819 every year, while hoping to spend $56,051 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: 36/43/21 Blend
77$1,660,000$1,660,000$1,660,000$1,660,000
78$1,834,291$1,746,311$1,720,581$1,888,512
79$1,961,751$1,772,242$1,718,582$1,954,530
80$2,100,333$1,797,566$1,714,639$2,020,196
81$2,251,113$1,822,192$1,708,625$2,089,942
82$2,415,273$1,846,027$1,700,411$2,164,166
83$2,594,116$1,868,967$1,689,860$2,243,308
84$2,789,074$1,890,905$1,676,828$2,327,857
85$3,001,725$1,911,724$1,661,167$2,418,354
86$3,233,803$1,931,301$1,642,718$2,515,397
87$3,487,219$1,949,502$1,621,317$2,619,649
88$3,764,075$1,966,188$1,596,792$2,731,843
89$4,066,688$1,981,208$1,568,961$2,852,791
90$4,397,605$1,994,403$1,537,636$2,983,392
91$4,759,634$2,005,601$1,502,620$3,124,639
92$5,155,863$2,014,623$1,463,705$3,277,631
93$5,589,697$2,021,275$1,420,675$3,443,585
94$6,064,882$2,025,353$1,373,303$3,623,847
95$6,585,544$2,026,640$1,321,353$3,819,904
96$7,156,229$2,024,904$1,264,577$4,033,400
97$7,781,940$2,019,900$1,202,716$4,266,156
98$8,468,191$2,011,368$1,135,500$4,520,181
99$9,221,052$1,999,032$1,062,646$4,797,699
100$10,047,213$1,982,598$983,858$5,101,167