Can I retire at age 78 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$164,332$162,869$161,440$160,046$158,685$156,250
2 years$81,353$79,838$78,369$76,945$75,564$73,116
3 years$53,696$52,175$50,710$49,300$47,941$45,557
4 years$39,871$38,354$36,904$35,518$34,192$31,890
5 years$31,578$30,070$28,639$27,281$25,992$23,779
6 years$26,051$24,554$23,145$21,817$20,567$18,445
7 years$22,105$20,621$19,233$17,937$16,726$14,697
8 years$19,146$17,676$16,311$15,047$13,876$11,938
9 years$16,847$15,390$14,049$12,816$11,686$9,839
10 years$15,008$13,565$12,248$11,048$9,957$8,199
11 years$13,504$12,077$10,783$9,615$8,563$6,893
12 years$12,253$10,839$9,570$8,434$7,421$5,836
13 years$11,194$9,796$8,550$7,446$6,471$4,970
14 years$10,288$8,904$7,682$6,609$5,672$4,252
15 years$9,503$8,134$6,936$5,894$4,994$3,652
16 years$8,816$7,463$6,288$5,278$4,414$3,147
17 years$8,212$6,873$5,722$4,742$3,914$2,720
18 years$7,675$6,351$5,224$4,274$3,480$2,356
19 years$7,195$5,886$4,782$3,862$3,102$2,045
20 years$6,763$5,469$4,389$3,497$2,771$1,778
21 years$6,374$5,095$4,037$3,174$2,479$1,548
22 years$6,020$4,756$3,720$2,886$2,222$1,350
23 years$5,697$4,448$3,435$2,628$1,995$1,178
24 years$5,402$4,167$3,177$2,397$1,793$1,030
25 years$5,131$3,911$2,943$2,189$1,614$900
26 years$4,881$3,676$2,729$2,002$1,453$788
27 years$4,649$3,459$2,534$1,832$1,310$690
28 years$4,435$3,259$2,356$1,679$1,182$604
29 years$4,236$3,075$2,192$1,539$1,068$530
30 years$4,051$2,904$2,042$1,413$965$465
31 years$3,878$2,745$1,904$1,298$872$408
32 years$3,716$2,598$1,776$1,192$789$358
33 years$3,564$2,460$1,658$1,097$714$314
34 years$3,421$2,331$1,550$1,009$646$276
35 years$3,287$2,211$1,449$929$586$242
36 years$3,161$2,099$1,355$855$530$213
37 years$3,041$1,993$1,269$788$481$187
38 years$2,928$1,894$1,188$726$436$164
39 years$2,822$1,801$1,113$670$395$144
40 years$2,721$1,714$1,043$618$359$127
41 years$2,625$1,632$978$570$325$111
42 years$2,534$1,554$918$526$295$98
43 years$2,447$1,480$861$486$268$86
44 years$2,364$1,411$808$448$243$76
45 years$2,286$1,346$759$414$221$66
46 years$2,211$1,284$713$382$200$58
47 years$2,139$1,225$670$353$182$51
48 years$2,071$1,170$629$327$165$45
49 years$2,006$1,117$591$302$150$40
50 years$1,943$1,067$556$279$136$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $1,990,000, adding $4,326 every year, while hoping to spend $51,820 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: 38/34/28 Blend
77$1,990,000$1,990,000$1,990,000$1,990,000
78$2,197,442$2,091,972$2,061,127$2,262,484
79$2,366,445$2,139,343$2,075,039$2,358,038
80$2,550,950$2,187,298$2,087,680$2,456,176
81$2,752,482$2,235,811$2,098,953$2,561,250
82$2,972,723$2,284,853$2,108,755$2,673,926
83$3,213,523$2,334,393$2,116,980$2,794,936
84$3,476,917$2,384,393$2,123,515$2,925,086
85$3,765,150$2,434,816$2,128,240$3,065,269
86$4,080,691$2,485,617$2,131,031$3,216,467
87$4,426,259$2,536,750$2,131,758$3,379,764
88$4,804,849$2,588,162$2,130,283$3,556,357
89$5,219,759$2,639,798$2,126,463$3,747,564
90$5,674,621$2,691,595$2,120,147$3,954,842
91$6,173,437$2,743,487$2,111,176$4,179,797
92$6,720,612$2,795,403$2,099,385$4,424,199
93$7,320,999$2,847,263$2,084,600$4,690,003
94$7,979,945$2,898,983$2,066,638$4,979,366
95$8,703,338$2,950,471$2,045,309$5,294,665
96$9,497,665$3,001,630$2,020,412$5,638,524
97$10,370,070$3,052,353$1,991,739$6,013,836
98$11,328,425$3,102,527$1,959,071$6,423,795
99$12,381,402$3,152,028$1,922,177$6,871,921
100$13,538,552$3,200,725$1,880,817$7,362,098