Can I retire at age 79 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$156,900$155,503$154,139$152,808$151,509$149,615
2 years$77,673$76,227$74,825$73,465$72,147$70,242
3 years$51,268$49,815$48,417$47,070$45,773$43,915
4 years$38,068$36,619$35,235$33,911$32,646$30,850
5 years$30,150$28,710$27,344$26,047$24,817$23,088
6 years$24,873$23,444$22,098$20,830$19,637$17,977
7 years$21,105$19,688$18,363$17,126$15,970$14,380
8 years$18,280$16,876$15,574$14,366$13,249$11,728
9 years$16,085$14,694$13,414$12,237$11,157$9,705
10 years$14,329$12,952$11,694$10,548$9,506$8,123
11 years$12,894$11,530$10,295$9,180$8,176$6,859
12 years$11,698$10,349$9,137$8,052$7,085$5,833
13 years$10,688$9,353$8,163$7,109$6,178$4,990
14 years$9,822$8,501$7,335$6,310$5,416$4,289
15 years$9,073$7,766$6,622$5,628$4,769$3,702
16 years$8,418$7,125$6,004$5,039$4,214$3,206
17 years$7,840$6,562$5,463$4,528$3,737$2,784
18 years$7,328$6,064$4,987$4,080$3,323$2,424
19 years$6,869$5,620$4,566$3,687$2,962$2,115
20 years$6,457$5,222$4,190$3,339$2,645$1,848
21 years$6,085$4,864$3,854$3,031$2,367$1,618
22 years$5,747$4,540$3,552$2,755$2,122$1,418
23 years$5,439$4,247$3,280$2,509$1,905$1,245
24 years$5,157$3,979$3,033$2,289$1,712$1,093
25 years$4,898$3,734$2,809$2,090$1,541$961
26 years$4,660$3,509$2,606$1,911$1,388$846
27 years$4,439$3,303$2,420$1,749$1,251$745
28 years$4,235$3,112$2,249$1,603$1,129$656
29 years$4,045$2,936$2,093$1,470$1,019$579
30 years$3,868$2,773$1,950$1,349$921$510
31 years$3,702$2,621$1,818$1,239$833$450
32 years$3,548$2,480$1,696$1,139$753$397
33 years$3,403$2,349$1,583$1,047$682$351
34 years$3,266$2,226$1,479$963$617$310
35 years$3,138$2,111$1,383$887$559$274
36 years$3,018$2,004$1,294$817$507$242
37 years$2,904$1,903$1,211$752$459$214
38 years$2,796$1,809$1,134$694$416$189
39 years$2,694$1,720$1,063$640$377$167
40 years$2,598$1,636$996$590$342$148
41 years$2,506$1,558$934$544$311$130
42 years$2,419$1,484$876$502$282$115
43 years$2,336$1,414$822$464$256$102
44 years$2,257$1,347$772$428$232$90
45 years$2,182$1,285$725$395$211$80
46 years$2,111$1,226$681$365$191$71
47 years$2,043$1,170$639$337$174$62
48 years$1,977$1,117$601$312$158$55
49 years$1,915$1,066$565$288$143$49
50 years$1,855$1,019$531$266$130$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $1,900,000, adding $5,866 every year, while hoping to spend $23,521 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: 77/15/8 Blend
78$1,900,000$1,900,000$1,900,000$1,900,000
79$2,099,851$1,999,151$1,969,701$2,258,693
80$2,289,009$2,072,083$2,010,660$2,436,816
81$2,496,674$2,147,801$2,052,202$2,628,447
82$2,724,707$2,226,415$2,094,323$2,837,866
83$2,975,161$2,308,043$2,137,017$3,066,835
84$3,250,295$2,392,806$2,180,275$3,317,288
85$3,552,602$2,480,829$2,224,090$3,591,359
86$3,884,822$2,572,245$2,268,453$3,891,395
87$4,249,980$2,667,191$2,313,352$4,219,982
88$4,651,404$2,765,810$2,358,775$4,579,967
89$5,092,764$2,868,250$2,404,710$4,974,485
90$5,578,099$2,974,669$2,451,142$5,406,988
91$6,111,864$3,085,226$2,498,054$5,881,279
92$6,698,965$3,200,092$2,545,429$6,401,546
93$7,344,805$3,319,443$2,593,248$6,972,403
94$8,055,342$3,443,463$2,641,488$7,598,929
95$8,837,137$3,572,342$2,690,127$8,286,721
96$9,697,419$3,706,281$2,739,141$9,041,944
97$10,644,155$3,845,488$2,788,502$9,871,388
98$11,686,123$3,990,181$2,838,180$10,782,532
99$12,832,994$4,140,586$2,888,145$11,783,617
100$14,095,424$4,296,940$2,938,363$12,883,720