Can I retire at age 79 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$150,294$148,955$147,649$146,374$145,129$144,518
2 years$74,403$73,017$71,674$70,372$69,109$68,492
3 years$49,109$47,718$46,378$45,088$43,846$43,242
4 years$36,465$35,077$33,751$32,483$31,271$30,685
5 years$28,880$27,501$26,192$24,950$23,772$23,205
6 years$23,825$22,457$21,167$19,953$18,810$18,264
7 years$20,216$18,859$17,590$16,405$15,297$14,772
8 years$17,511$16,166$14,918$13,761$12,691$12,186
9 years$15,407$14,075$12,849$11,722$10,687$10,203
10 years$13,726$12,407$11,202$10,104$9,106$8,642
11 years$12,351$11,045$9,862$8,794$7,832$7,388
12 years$11,206$9,913$8,752$7,713$6,787$6,363
13 years$10,238$8,959$7,820$6,810$5,918$5,513
14 years$9,409$8,143$7,026$6,045$5,188$4,802
15 years$8,691$7,439$6,343$5,391$4,568$4,200
16 years$8,063$6,825$5,751$4,827$4,037$3,688
17 years$7,510$6,286$5,233$4,337$3,579$3,248
18 years$7,019$5,808$4,777$3,908$3,183$2,868
19 years$6,580$5,383$4,373$3,532$2,837$2,538
20 years$6,186$5,002$4,014$3,199$2,534$2,251
21 years$5,829$4,659$3,692$2,903$2,268$2,000
22 years$5,505$4,349$3,403$2,639$2,033$1,779
23 years$5,210$4,068$3,142$2,404$1,825$1,586
24 years$4,940$3,811$2,906$2,192$1,640$1,414
25 years$4,692$3,577$2,691$2,002$1,476$1,263
26 years$4,464$3,362$2,496$1,831$1,329$1,129
27 years$4,252$3,164$2,318$1,676$1,198$1,010
28 years$4,056$2,981$2,155$1,535$1,081$904
29 years$3,874$2,812$2,005$1,408$976$810
30 years$3,705$2,656$1,868$1,292$882$726
31 years$3,546$2,511$1,741$1,187$798$651
32 years$3,398$2,376$1,624$1,091$722$584
33 years$3,259$2,250$1,517$1,003$653$525
34 years$3,129$2,132$1,417$923$591$471
35 years$3,006$2,022$1,325$849$535$423
36 years$2,891$1,920$1,239$782$485$380
37 years$2,781$1,823$1,160$721$440$342
38 years$2,678$1,733$1,086$664$399$307
39 years$2,581$1,648$1,018$613$362$276
40 years$2,488$1,568$954$565$328$248
41 years$2,400$1,492$895$521$297$223
42 years$2,317$1,421$839$481$270$201
43 years$2,238$1,354$787$444$245$181
44 years$2,162$1,291$739$410$222$163
45 years$2,091$1,231$694$379$202$146
46 years$2,022$1,174$652$350$183$132
47 years$1,957$1,120$612$323$166$119
48 years$1,894$1,070$575$299$151$107
49 years$1,834$1,021$541$276$137$96
50 years$1,777$976$509$255$125$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,820,000, adding $2,279 every year, while hoping to spend $20,464 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: 41/39/20 Blend
78$1,820,000$1,820,000$1,820,000$1,820,000
79$2,007,991$1,911,531$1,883,321$2,078,400
80$2,191,032$1,983,422$1,924,638$2,200,685
81$2,392,058$2,058,151$1,966,654$2,330,816
82$2,612,881$2,135,833$2,009,371$2,471,246
83$2,855,499$2,216,592$2,052,788$2,622,929
84$3,122,110$2,300,556$2,096,907$2,786,910
85$3,415,139$2,387,857$2,141,727$2,964,339
86$3,737,257$2,478,636$2,187,249$3,156,480
87$4,091,404$2,573,036$2,233,468$3,364,720
88$4,480,822$2,671,210$2,280,385$3,590,586
89$4,909,082$2,773,315$2,327,993$3,835,755
90$5,380,118$2,879,516$2,376,290$4,102,071
91$5,898,264$2,989,987$2,425,270$4,391,562
92$6,468,296$3,104,905$2,474,926$4,706,457
93$7,095,476$3,224,460$2,525,250$5,049,210
94$7,785,603$3,348,846$2,576,234$5,422,518
95$8,545,063$3,478,268$2,627,866$5,829,350
96$9,380,896$3,612,940$2,680,137$6,272,969
97$10,300,858$3,753,085$2,733,032$6,756,970
98$11,313,493$3,898,934$2,786,536$7,285,306
99$12,428,219$4,050,731$2,840,635$7,862,326
100$13,655,411$4,208,730$2,895,309$8,492,820