Can I retire at age 79 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$104,875$103,941$103,030$102,140$101,272$99,882
2 years$51,919$50,952$50,014$49,106$48,225$46,827
3 years$34,269$33,297$32,363$31,463$30,596$29,234
4 years$25,445$24,477$23,552$22,667$21,821$20,505
5 years$20,153$19,190$18,277$17,410$16,588$15,322
6 years$16,625$15,670$14,771$13,923$13,126$11,911
7 years$14,107$13,160$12,274$11,447$10,675$9,511
8 years$12,219$11,281$10,410$9,603$8,856$7,744
9 years$10,751$9,822$8,966$8,179$7,458$6,397
10 years$9,578$8,657$7,817$7,051$6,354$5,344
11 years$8,618$7,707$6,882$6,136$5,465$4,504
12 years$7,819$6,918$6,107$5,382$4,736$3,823
13 years$7,144$6,251$5,456$4,752$4,130$3,264
14 years$6,565$5,682$4,903$4,218$3,620$2,800
15 years$6,064$5,191$4,426$3,762$3,187$2,412
16 years$5,627$4,763$4,013$3,368$2,817$2,084
17 years$5,241$4,386$3,652$3,026$2,498$1,806
18 years$4,898$4,053$3,334$2,727$2,221$1,569
19 years$4,592$3,756$3,052$2,464$1,980$1,366
20 years$4,316$3,491$2,801$2,232$1,768$1,191
21 years$4,068$3,251$2,576$2,026$1,582$1,041
22 years$3,842$3,035$2,374$1,842$1,418$910
23 years$3,636$2,839$2,192$1,677$1,273$797
24 years$3,447$2,660$2,028$1,530$1,144$698
25 years$3,274$2,496$1,878$1,397$1,030$613
26 years$3,115$2,346$1,742$1,277$928$538
27 years$2,967$2,208$1,617$1,169$836$472
28 years$2,831$2,080$1,503$1,071$755$415
29 years$2,704$1,962$1,399$982$681$365
30 years$2,585$1,853$1,303$902$616$321
31 years$2,475$1,752$1,215$828$557$283
32 years$2,371$1,658$1,134$761$503$249
33 years$2,274$1,570$1,058$700$456$219
34 years$2,183$1,488$989$644$413$193
35 years$2,098$1,411$925$593$374$170
36 years$2,017$1,339$865$546$339$150
37 years$1,941$1,272$810$503$307$132
38 years$1,869$1,209$758$464$278$117
39 years$1,801$1,150$710$427$252$103
40 years$1,736$1,094$666$394$229$91
41 years$1,675$1,041$624$364$208$80
42 years$1,617$992$586$336$188$70
43 years$1,562$945$549$310$171$62
44 years$1,509$901$516$286$155$55
45 years$1,459$859$484$264$141$48
46 years$1,411$819$455$244$128$43
47 years$1,365$782$427$226$116$38
48 years$1,322$746$402$208$105$33
49 years$1,280$713$377$193$96$29
50 years$1,240$681$355$178$87$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,270,000, adding $4,653 every year, while hoping to spend $49,769 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: 43/34/23 Blend
78$1,270,000$1,270,000$1,270,000$1,270,000
79$1,404,340$1,337,030$1,317,345$1,455,137
80$1,494,628$1,349,590$1,308,522$1,504,244
81$1,592,459$1,361,098$1,297,735$1,552,256
82$1,698,547$1,371,450$1,284,867$1,603,278
83$1,813,681$1,380,533$1,269,793$1,657,613
84$1,938,729$1,388,232$1,252,383$1,715,600
85$2,074,643$1,394,419$1,232,501$1,777,614
86$2,222,472$1,398,961$1,210,006$1,844,070
87$2,383,371$1,401,717$1,184,748$1,915,430
88$2,558,609$1,402,535$1,156,571$1,992,204
89$2,749,584$1,401,256$1,125,313$2,074,958
90$2,957,833$1,397,708$1,090,802$2,164,321
91$3,185,048$1,391,713$1,052,861$2,260,987
92$3,433,094$1,383,077$1,011,302$2,365,727
93$3,704,020$1,371,598$965,931$2,479,394
94$4,000,084$1,357,061$916,543$2,602,933
95$4,323,771$1,339,236$862,927$2,737,389
96$4,677,819$1,317,881$804,858$2,883,919
97$5,065,239$1,292,740$742,103$3,043,806
98$5,489,351$1,263,541$674,421$3,218,465
99$5,953,806$1,229,997$601,556$3,409,467
100$6,462,630$1,191,802$523,243$3,618,545