Can I retire at age 79 with 875,000?

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 $875,000?

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$72,257$71,613$70,985$70,372$69,774$69,480
2 years$35,771$35,104$34,459$33,833$33,226$32,929
3 years$23,610$22,941$22,297$21,677$21,080$20,789
4 years$17,531$16,864$16,227$15,617$15,034$14,752
5 years$13,885$13,222$12,593$11,995$11,429$11,156
6 years$11,455$10,797$10,177$9,593$9,043$8,781
7 years$9,719$9,067$8,457$7,887$7,355$7,102
8 years$8,419$7,772$7,172$6,616$6,101$5,859
9 years$7,407$6,767$6,177$5,635$5,138$4,905
10 years$6,599$5,965$5,385$4,858$4,378$4,155
11 years$5,938$5,310$4,741$4,228$3,765$3,552
12 years$5,387$4,766$4,208$3,708$3,263$3,059
13 years$4,922$4,307$3,759$3,274$2,845$2,651
14 years$4,523$3,915$3,378$2,906$2,494$2,309
15 years$4,178$3,576$3,050$2,592$2,196$2,019
16 years$3,877$3,281$2,765$2,321$1,941$1,773
17 years$3,611$3,022$2,516$2,085$1,721$1,561
18 years$3,375$2,792$2,297$1,879$1,530$1,379
19 years$3,164$2,588$2,103$1,698$1,364$1,220
20 years$2,974$2,405$1,930$1,538$1,218$1,082
21 years$2,802$2,240$1,775$1,396$1,090$961
22 years$2,647$2,091$1,636$1,269$977$856
23 years$2,505$1,956$1,510$1,156$877$762
24 years$2,375$1,832$1,397$1,054$788$680
25 years$2,256$1,720$1,294$963$709$607
26 years$2,146$1,616$1,200$880$639$543
27 years$2,044$1,521$1,114$806$576$486
28 years$1,950$1,433$1,036$738$520$435
29 years$1,863$1,352$964$677$469$389
30 years$1,781$1,277$898$621$424$349
31 years$1,705$1,207$837$571$383$313
32 years$1,634$1,142$781$524$347$281
33 years$1,567$1,082$729$482$314$252
34 years$1,504$1,025$681$444$284$226
35 years$1,445$972$637$408$257$203
36 years$1,390$923$596$376$233$183
37 years$1,337$877$558$347$211$164
38 years$1,288$833$522$319$192$148
39 years$1,241$792$489$295$174$133
40 years$1,196$754$459$272$158$119
41 years$1,154$717$430$251$143$107
42 years$1,114$683$403$231$130$97
43 years$1,076$651$379$214$118$87
44 years$1,040$620$355$197$107$78
45 years$1,005$592$334$182$97$70
46 years$972$564$313$168$88$63
47 years$941$539$294$155$80$57
48 years$911$514$277$144$73$51
49 years$882$491$260$133$66$46
50 years$854$469$244$123$60$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $875,000, adding $3,630 every year, while hoping to spend $27,196 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: 75/6/19 Blend
78$875,000$875,000$875,000$875,000
79$967,994$921,619$908,057$1,036,043
80$1,037,793$937,842$909,540$1,097,849
81$1,113,801$953,949$910,162$1,161,883
82$1,196,620$969,904$909,865$1,231,360
83$1,286,918$985,672$908,587$1,306,815
84$1,385,425$1,001,211$906,267$1,388,840
85$1,492,948$1,016,481$902,836$1,478,084
86$1,610,374$1,031,434$898,227$1,575,264
87$1,738,680$1,046,022$892,365$1,681,170
88$1,878,941$1,060,192$885,174$1,796,672
89$2,032,339$1,073,888$876,575$1,922,730
90$2,200,180$1,087,050$866,482$2,060,400
91$2,383,897$1,099,615$854,808$2,210,848
92$2,585,072$1,111,513$841,461$2,375,356
93$2,805,444$1,122,672$826,344$2,555,341
94$3,046,929$1,133,013$809,357$2,752,361
95$3,311,639$1,142,454$790,394$2,968,135
96$3,601,898$1,150,906$769,344$3,204,557
97$3,920,266$1,158,275$746,092$3,463,715
98$4,269,564$1,164,461$720,516$3,747,909
99$4,652,897$1,169,357$692,491$4,059,675
100$5,073,687$1,172,849$661,884$4,401,809