Can I retire at age 78 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$66,063$65,475$64,901$64,340$63,793$62,996
2 years$32,705$32,095$31,505$30,933$30,378$29,576
3 years$21,586$20,975$20,386$19,819$19,273$18,491
4 years$16,029$15,419$14,836$14,278$13,746$12,989
5 years$12,695$12,088$11,513$10,967$10,449$9,721
6 years$10,473$9,871$9,304$8,771$8,268$7,569
7 years$8,886$8,290$7,732$7,211$6,724$6,055
8 years$7,697$7,106$6,557$6,049$5,578$4,938
9 years$6,773$6,187$5,648$5,152$4,698$4,086
10 years$6,033$5,453$4,924$4,441$4,003$3,420
11 years$5,429$4,855$4,335$3,865$3,442$2,888
12 years$4,926$4,357$3,847$3,390$2,983$2,456
13 years$4,500$3,938$3,437$2,993$2,601$2,101
14 years$4,136$3,579$3,088$2,657$2,280$1,806
15 years$3,820$3,270$2,788$2,370$2,008$1,559
16 years$3,544$3,000$2,528$2,122$1,775$1,350
17 years$3,301$2,763$2,300$1,906$1,573$1,172
18 years$3,085$2,553$2,100$1,718$1,399$1,021
19 years$2,892$2,366$1,922$1,552$1,247$890
20 years$2,719$2,199$1,764$1,406$1,114$778
21 years$2,562$2,048$1,623$1,276$997$681
22 years$2,420$1,912$1,496$1,160$893$597
23 years$2,290$1,788$1,381$1,057$802$524
24 years$2,172$1,675$1,277$964$721$460
25 years$2,063$1,572$1,183$880$649$405
26 years$1,962$1,478$1,097$805$584$356
27 years$1,869$1,391$1,019$737$527$314
28 years$1,783$1,310$947$675$475$276
29 years$1,703$1,236$881$619$429$244
30 years$1,628$1,167$821$568$388$215
31 years$1,559$1,104$765$522$351$190
32 years$1,494$1,044$714$479$317$167
33 years$1,433$989$667$441$287$148
34 years$1,375$937$623$406$260$130
35 years$1,321$889$582$373$235$115
36 years$1,271$844$545$344$213$102
37 years$1,223$801$510$317$193$90
38 years$1,177$762$478$292$175$80
39 years$1,134$724$447$269$159$70
40 years$1,094$689$419$248$144$62
41 years$1,055$656$393$229$131$55
42 years$1,019$625$369$211$119$49
43 years$984$595$346$195$108$43
44 years$951$567$325$180$98$38
45 years$919$541$305$166$89$34
46 years$889$516$287$154$81$30
47 years$860$492$269$142$73$26
48 years$833$470$253$131$66$23
49 years$806$449$238$121$60$21
50 years$781$429$224$112$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $800,000, adding $2,454 every year, while hoping to spend $49,840 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: 35/35/30 Blend
77$800,000$800,000$800,000$800,000
78$884,131$841,731$829,331$907,026
79$921,283$829,947$804,085$912,696
80$960,554$815,914$776,322$914,188
81$1,002,108$799,471$745,905$914,856
82$1,046,123$780,445$712,693$914,661
83$1,092,794$758,654$676,535$913,566
84$1,142,335$733,903$637,274$911,533
85$1,194,978$705,989$594,748$908,526
86$1,250,978$674,695$548,785$904,512
87$1,310,615$639,793$499,206$899,458
88$1,374,194$601,039$445,826$893,336
89$1,442,050$558,178$388,450$886,121
90$1,514,550$510,940$326,873$877,792
91$1,592,095$459,037$260,884$868,333
92$1,675,126$402,167$190,261$857,734
93$1,764,126$340,010$114,772$845,993
94$1,859,626$272,229$34,176$833,114
95$1,962,206$198,467$0$819,114
96$2,072,507$118,347$0$820,612
97$2,191,227$31,471$0$833,806
98$2,319,138$0$0$847,889
99$2,457,085$0$0$887,124
100$2,605,996$0$0$942,651