Can I retire at age 79 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$82,579$81,843$81,126$80,425$79,741$77,468
2 years$40,881$40,119$39,381$38,666$37,972$35,700
3 years$26,983$26,218$25,482$24,774$24,091$21,891
4 years$20,036$19,273$18,545$17,848$17,182$15,070
5 years$15,868$15,111$14,391$13,709$13,061$11,044
6 years$13,091$12,339$11,630$10,963$10,335$8,414
7 years$11,108$10,362$9,665$9,013$8,405$6,581
8 years$9,621$8,882$8,197$7,561$6,973$5,244
9 years$8,466$7,734$7,060$6,440$5,872$4,237
10 years$7,542$6,817$6,155$5,552$5,003$3,459
11 years$6,786$6,069$5,419$4,832$4,303$2,848
12 years$6,157$5,447$4,809$4,238$3,729$2,360
13 years$5,625$4,922$4,296$3,742$3,252$1,966
14 years$5,170$4,474$3,860$3,321$2,850$1,645
15 years$4,775$4,087$3,485$2,962$2,510$1,381
16 years$4,430$3,750$3,160$2,652$2,218$1,162
17 years$4,126$3,454$2,875$2,383$1,967$981
18 years$3,857$3,191$2,625$2,148$1,749$829
19 years$3,615$2,958$2,403$1,940$1,559$702
20 years$3,399$2,748$2,205$1,757$1,392$596
21 years$3,203$2,560$2,029$1,595$1,246$506
22 years$3,025$2,390$1,870$1,450$1,117$430
23 years$2,863$2,235$1,726$1,321$1,002$366
24 years$2,714$2,094$1,596$1,205$901$311
25 years$2,578$1,965$1,479$1,100$811$265
26 years$2,453$1,847$1,371$1,006$730$226
27 years$2,336$1,738$1,273$921$658$193
28 years$2,229$1,638$1,184$844$594$164
29 years$2,129$1,545$1,102$774$537$140
30 years$2,036$1,459$1,026$710$485$120
31 years$1,949$1,380$957$652$438$102
32 years$1,867$1,305$893$599$396$87
33 years$1,791$1,236$833$551$359$74
34 years$1,719$1,172$779$507$325$64
35 years$1,652$1,111$728$467$294$54
36 years$1,588$1,055$681$430$267$46
37 years$1,528$1,002$637$396$242$40
38 years$1,472$952$597$365$219$34
39 years$1,418$905$559$337$199$29
40 years$1,367$861$524$310$180$25
41 years$1,319$820$492$286$163$21
42 years$1,273$781$461$264$148$18
43 years$1,230$744$433$244$135$15
44 years$1,188$709$406$225$122$13
45 years$1,149$676$381$208$111$11
46 years$1,111$645$358$192$101$10
47 years$1,075$616$336$178$91$8
48 years$1,041$588$316$164$83$7
49 years$1,008$561$297$152$75$6
50 years$976$536$279$140$69$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,000,000, adding $5,130 every year, while hoping to spend $33,128 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: 65/27/8 Blend
78$1,000,000$1,000,000$1,000,000$1,000,000
79$1,107,292$1,054,292$1,038,792$1,177,212
80$1,184,987$1,070,704$1,038,343$1,240,810
81$1,269,498$1,086,810$1,036,769$1,305,868
82$1,361,483$1,102,560$1,033,998$1,376,083
83$1,461,670$1,117,901$1,029,952$1,451,954
84$1,570,856$1,132,775$1,024,552$1,534,031
85$1,689,923$1,147,120$1,017,714$1,622,919
86$1,819,838$1,160,872$1,009,350$1,719,288
87$1,961,668$1,173,960$999,369$1,823,871
88$2,116,584$1,186,311$987,674$1,937,482
89$2,285,878$1,197,843$974,164$2,061,014
90$2,470,973$1,208,473$958,734$2,195,453
91$2,673,434$1,218,109$941,273$2,341,886
92$2,894,984$1,226,656$921,665$2,501,510
93$3,137,521$1,234,011$899,789$2,675,646
94$3,403,135$1,240,064$875,519$2,865,750
95$3,694,128$1,244,700$848,722$3,073,427
96$4,013,034$1,247,796$819,259$3,300,445
97$4,362,644$1,249,219$786,986$3,548,756
98$4,746,034$1,248,831$751,750$3,820,509
99$5,166,589$1,246,483$713,393$4,118,076
100$5,628,040$1,242,019$671,750$4,444,070