Can I retire at age 79 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$146,165$144,863$143,593$142,353$141,142$138,861
2 years$72,359$71,011$69,705$68,439$67,211$64,919
3 years$47,760$46,407$45,104$43,849$42,641$40,410
4 years$35,463$34,114$32,824$31,591$30,412$28,258
5 years$28,087$26,746$25,473$24,265$23,119$21,049
6 years$23,171$21,840$20,586$19,405$18,293$16,310
7 years$19,661$18,341$17,107$15,954$14,877$12,981
8 years$17,030$15,722$14,508$13,383$12,342$10,532
9 years$14,984$13,689$12,496$11,400$10,394$8,670
10 years$13,349$12,066$10,894$9,827$8,856$7,216
11 years$12,012$10,741$9,591$8,552$7,616$6,059
12 years$10,898$9,641$8,512$7,501$6,600$5,123
13 years$9,957$8,713$7,605$6,623$5,756$4,357
14 years$9,150$7,920$6,833$5,879$5,045$3,723
15 years$8,452$7,235$6,169$5,243$4,442$3,193
16 years$7,842$6,638$5,593$4,694$3,926$2,748
17 years$7,304$6,113$5,090$4,218$3,481$2,371
18 years$6,826$5,649$4,646$3,801$3,095$2,051
19 years$6,399$5,235$4,253$3,435$2,759$1,778
20 years$6,016$4,865$3,904$3,111$2,464$1,544
21 years$5,669$4,531$3,590$2,823$2,205$1,342
22 years$5,354$4,230$3,309$2,567$1,977$1,168
23 years$5,067$3,956$3,055$2,338$1,774$1,018
24 years$4,805$3,707$2,826$2,132$1,595$888
25 years$4,563$3,478$2,617$1,947$1,435$776
26 years$4,341$3,269$2,427$1,780$1,293$678
27 years$4,135$3,077$2,254$1,630$1,166$592
28 years$3,945$2,899$2,095$1,493$1,052$518
29 years$3,768$2,735$1,950$1,369$950$453
30 years$3,603$2,583$1,816$1,257$858$397
31 years$3,449$2,442$1,693$1,154$776$348
32 years$3,305$2,310$1,580$1,061$702$305
33 years$3,170$2,188$1,475$975$635$267
34 years$3,043$2,074$1,378$897$575$234
35 years$2,924$1,967$1,289$826$521$205
36 years$2,811$1,867$1,205$761$472$180
37 years$2,705$1,773$1,128$701$428$158
38 years$2,605$1,685$1,057$646$388$138
39 years$2,510$1,602$990$596$352$121
40 years$2,420$1,524$928$550$319$106
41 years$2,335$1,451$870$507$289$93
42 years$2,253$1,382$816$468$263$82
43 years$2,176$1,317$766$432$238$72
44 years$2,103$1,255$719$399$216$63
45 years$2,033$1,197$675$368$196$55
46 years$1,966$1,142$634$340$178$49
47 years$1,903$1,090$596$314$162$43
48 years$1,842$1,040$560$290$147$37
49 years$1,784$993$526$268$134$33
50 years$1,728$949$495$248$121$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,770,000, adding $4,282 every year, while hoping to spend $36,812 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: 50/29/21 Blend
78$1,770,000$1,770,000$1,770,000$1,770,000
79$1,954,957$1,861,147$1,833,712$2,041,021
80$2,115,195$1,913,175$1,855,974$2,153,120
81$2,290,543$1,966,520$1,877,747$2,270,780
82$2,482,505$2,021,205$1,898,978$2,397,886
83$2,692,733$2,077,257$1,919,607$2,535,346
84$2,923,051$2,134,702$1,939,572$2,684,157
85$3,175,464$2,193,564$1,958,810$2,845,420
86$3,452,183$2,253,871$1,977,252$3,020,344
87$3,755,642$2,315,646$1,994,826$3,210,264
88$4,088,520$2,378,915$2,011,455$3,416,647
89$4,453,770$2,443,703$2,027,060$3,641,110
90$4,854,645$2,510,035$2,041,557$3,885,435
91$5,294,726$2,577,935$2,054,857$4,151,584
92$5,777,961$2,647,426$2,066,867$4,441,718
93$6,308,695$2,718,532$2,077,489$4,758,219
94$6,891,718$2,791,276$2,086,621$5,103,709
95$7,532,305$2,865,680$2,094,154$5,481,079
96$8,236,267$2,941,765$2,099,975$5,893,513
97$9,010,006$3,019,552$2,103,965$6,344,519
98$9,860,577$3,099,060$2,105,997$6,837,963
99$10,795,749$3,180,307$2,105,942$7,378,103
100$11,824,085$3,263,312$2,103,661$7,969,633