Can I retire at age 79 with 1,140,000?

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 $1,140,000?

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$94,140$93,302$92,483$91,685$90,905$89,918
2 years$46,604$45,736$44,895$44,079$43,288$42,295
3 years$30,761$29,889$29,050$28,242$27,464$26,494
4 years$22,841$21,972$21,141$20,347$19,587$18,649
5 years$18,090$17,226$16,406$15,628$14,890$13,986
6 years$14,924$14,066$13,259$12,498$11,782$10,914
7 years$12,663$11,813$11,018$10,275$9,582$8,749
8 years$10,968$10,126$9,344$8,620$7,949$7,152
9 years$9,651$8,816$8,048$7,342$6,694$5,933
10 years$8,597$7,771$7,017$6,329$5,704$4,977
11 years$7,736$6,918$6,177$5,508$4,906$4,213
12 years$7,019$6,209$5,482$4,831$4,251$3,592
13 years$6,413$5,612$4,898$4,265$3,707$3,081
14 years$5,893$5,101$4,401$3,786$3,250$2,655
15 years$5,444$4,660$3,973$3,377$2,861$2,298
16 years$5,051$4,275$3,602$3,023$2,529$1,996
17 years$4,704$3,937$3,278$2,717$2,242$1,738
18 years$4,397$3,638$2,992$2,448$1,994$1,517
19 years$4,122$3,372$2,739$2,212$1,777$1,328
20 years$3,874$3,133$2,514$2,004$1,587$1,164
21 years$3,651$2,918$2,313$1,818$1,420$1,022
22 years$3,448$2,724$2,131$1,653$1,273$899
23 years$3,264$2,548$1,968$1,506$1,143$791
24 years$3,094$2,387$1,820$1,373$1,027$697
25 years$2,939$2,240$1,686$1,254$924$615
26 years$2,796$2,106$1,563$1,147$833$543
27 years$2,664$1,982$1,452$1,050$751$479
28 years$2,541$1,867$1,350$962$677$424
29 years$2,427$1,762$1,256$882$612$375
30 years$2,321$1,664$1,170$809$553$332
31 years$2,221$1,573$1,091$743$500$294
32 years$2,129$1,488$1,018$683$452$260
33 years$2,042$1,409$950$628$409$230
34 years$1,960$1,336$888$578$370$204
35 years$1,883$1,267$830$532$335$181
36 years$1,811$1,202$776$490$304$160
37 years$1,742$1,142$727$451$275$142
38 years$1,678$1,085$681$416$250$126
39 years$1,616$1,032$638$384$226$112
40 years$1,559$982$598$354$205$99
41 years$1,504$935$560$327$186$88
42 years$1,451$890$526$301$169$78
43 years$1,402$848$493$278$153$69
44 years$1,354$808$463$257$139$62
45 years$1,309$771$435$237$126$55
46 years$1,267$735$408$219$115$48
47 years$1,226$702$384$202$104$43
48 years$1,186$670$360$187$95$38
49 years$1,149$640$339$173$86$34
50 years$1,113$611$319$160$78$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,140,000, adding $2,745 every year, while hoping to spend $42,879 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: 44/43/13 Blend
78$1,140,000$1,140,000$1,140,000$1,140,000
79$1,259,111$1,198,691$1,181,021$1,309,689
80$1,341,918$1,211,804$1,174,963$1,358,347
81$1,431,733$1,224,123$1,167,264$1,406,520
82$1,529,228$1,235,562$1,157,825$1,457,789
83$1,635,138$1,246,033$1,146,540$1,512,458
84$1,750,273$1,255,440$1,133,301$1,570,860
85$1,875,525$1,263,681$1,117,991$1,633,366
86$2,011,875$1,270,648$1,100,489$1,700,389
87$2,160,401$1,276,224$1,080,671$1,772,380
88$2,322,291$1,280,289$1,058,403$1,849,845
89$2,498,853$1,282,711$1,033,547$1,933,338
90$2,691,523$1,283,351$1,005,959$2,023,477
91$2,901,887$1,282,064$975,486$2,120,940
92$3,131,686$1,278,692$941,972$2,226,484
93$3,382,840$1,273,069$905,250$2,340,940
94$3,657,460$1,265,020$865,146$2,465,230
95$3,957,874$1,254,359$821,481$2,600,375
96$4,286,641$1,240,886$774,065$2,747,501
97$4,646,581$1,224,393$722,699$2,907,854
98$5,040,801$1,204,657$667,178$3,082,813
99$5,472,720$1,181,442$607,286$3,273,900
100$5,946,104$1,154,499$542,796$3,482,798