Can I retire at age 78 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$156,074$154,684$153,328$152,004$150,711$149,699
2 years$77,265$75,826$74,431$73,079$71,767$70,746
3 years$50,998$49,553$48,162$46,822$45,532$44,534
4 years$37,867$36,427$35,049$33,733$32,474$31,506
5 years$29,991$28,559$27,200$25,910$24,686$23,752
6 years$24,742$23,320$21,981$20,720$19,533$18,634
7 years$20,994$19,585$18,267$17,035$15,886$15,022
8 years$18,184$16,788$15,492$14,291$13,179$12,350
9 years$16,000$14,617$13,343$12,172$11,098$10,304
10 years$14,254$12,884$11,633$10,493$9,456$8,697
11 years$12,826$11,470$10,241$9,132$8,133$7,407
12 years$11,637$10,295$9,089$8,010$7,048$6,356
13 years$10,632$9,303$8,120$7,071$6,146$5,486
14 years$9,771$8,456$7,296$6,277$5,387$4,760
15 years$9,025$7,725$6,587$5,598$4,743$4,147
16 years$8,373$7,088$5,972$5,013$4,192$3,626
17 years$7,799$6,527$5,435$4,504$3,717$3,180
18 years$7,289$6,032$4,961$4,059$3,305$2,796
19 years$6,833$5,590$4,542$3,667$2,946$2,464
20 years$6,424$5,195$4,168$3,322$2,631$2,176
21 years$6,053$4,839$3,834$3,015$2,355$1,925
22 years$5,717$4,517$3,534$2,741$2,111$1,705
23 years$5,411$4,224$3,263$2,496$1,895$1,512
24 years$5,130$3,958$3,017$2,277$1,703$1,343
25 years$4,873$3,714$2,795$2,079$1,532$1,194
26 years$4,635$3,491$2,592$1,901$1,380$1,062
27 years$4,416$3,285$2,407$1,740$1,245$946
28 years$4,212$3,096$2,237$1,594$1,123$843
29 years$4,023$2,920$2,082$1,462$1,014$751
30 years$3,847$2,758$1,939$1,342$916$670
31 years$3,683$2,607$1,808$1,232$828$598
32 years$3,529$2,467$1,687$1,133$749$534
33 years$3,385$2,336$1,575$1,041$678$477
34 years$3,249$2,214$1,472$958$614$426
35 years$3,122$2,100$1,376$882$556$381
36 years$3,002$1,993$1,287$812$504$341
37 years$2,888$1,893$1,205$749$457$305
38 years$2,781$1,799$1,128$690$414$272
39 years$2,680$1,711$1,057$636$375$244
40 years$2,584$1,628$991$587$341$218
41 years$2,493$1,550$929$541$309$195
42 years$2,406$1,476$871$500$280$175
43 years$2,324$1,406$818$461$254$156
44 years$2,246$1,340$768$426$231$140
45 years$2,171$1,278$721$393$210$125
46 years$2,100$1,219$677$363$190$112
47 years$2,032$1,164$636$336$173$100
48 years$1,967$1,111$598$310$157$90
49 years$1,905$1,061$562$287$143$81
50 years$1,845$1,013$528$265$129$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,890,000, adding $3,213 every year, while hoping to spend $59,884 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: 51/44/5 Blend
77$1,890,000$1,890,000$1,890,000$1,890,000
78$2,086,094$1,985,924$1,956,629$2,189,909
79$2,235,160$2,019,518$1,958,460$2,294,332
80$2,397,423$2,052,752$1,958,345$2,401,011
81$2,574,167$2,085,543$1,956,157$2,515,522
82$2,766,803$2,117,806$1,951,759$2,638,612
83$2,976,885$2,149,446$1,945,011$2,771,104
84$3,206,123$2,180,365$1,935,765$2,913,905
85$3,456,400$2,210,456$1,923,866$3,068,015
86$3,729,788$2,239,603$1,909,150$3,234,539
87$4,028,567$2,267,685$1,891,448$3,414,694
88$4,355,250$2,294,570$1,870,580$3,609,820
89$4,712,601$2,320,120$1,846,360$3,821,400
90$5,103,665$2,344,184$1,818,592$4,051,064
91$5,531,795$2,366,605$1,787,071$4,300,613
92$6,000,682$2,387,213$1,751,581$4,572,034
93$6,514,391$2,405,826$1,711,899$4,867,516
94$7,077,401$2,422,253$1,667,789$5,189,474
95$7,694,641$2,436,289$1,619,006$5,540,574
96$8,371,544$2,447,717$1,565,292$5,923,753
97$9,114,090$2,456,303$1,506,378$6,342,254
98$9,928,868$2,461,803$1,441,983$6,799,651
99$10,823,136$2,463,955$1,371,812$7,299,886
100$11,804,887$2,462,479$1,295,559$7,847,309