Can I retire at age 72 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$88,360$87,573$86,805$86,055$85,323$84,292
2 years$43,742$42,928$42,138$41,373$40,630$39,592
3 years$28,872$28,054$27,266$26,508$25,777$24,765
4 years$21,438$20,622$19,843$19,097$18,385$17,406
5 years$16,979$16,168$15,399$14,669$13,976$13,033
6 years$14,007$13,203$12,445$11,731$11,059$10,154
7 years$11,885$11,088$10,341$9,644$8,994$8,126
8 years$10,295$9,504$8,770$8,090$7,461$6,632
9 years$9,058$8,275$7,554$6,891$6,283$5,491
10 years$8,070$7,294$6,586$5,940$5,354$4,598
11 years$7,261$6,493$5,798$5,170$4,604$3,885
12 years$6,588$5,828$5,146$4,535$3,990$3,306
13 years$6,019$5,267$4,597$4,003$3,479$2,830
14 years$5,531$4,788$4,131$3,554$3,050$2,434
15 years$5,109$4,373$3,729$3,169$2,685$2,103
16 years$4,741$4,013$3,381$2,838$2,373$1,822
17 years$4,415$3,695$3,077$2,550$2,104$1,584
18 years$4,127$3,415$2,809$2,298$1,871$1,380
19 years$3,869$3,165$2,571$2,076$1,668$1,205
20 years$3,637$2,941$2,360$1,880$1,490$1,054
21 years$3,427$2,739$2,171$1,707$1,333$923
22 years$3,237$2,557$2,000$1,552$1,195$810
23 years$3,063$2,392$1,847$1,413$1,073$711
24 years$2,904$2,241$1,708$1,289$964$625
25 years$2,759$2,103$1,582$1,177$868$550
26 years$2,624$1,976$1,467$1,076$781$484
27 years$2,500$1,860$1,363$985$705$427
28 years$2,385$1,753$1,267$903$636$376
29 years$2,278$1,653$1,179$828$574$332
30 years$2,178$1,561$1,098$760$519$293
31 years$2,085$1,476$1,024$698$469$259
32 years$1,998$1,397$955$641$424$229
33 years$1,916$1,323$892$590$384$202
34 years$1,840$1,254$833$543$348$179
35 years$1,767$1,189$779$499$315$158
36 years$1,699$1,129$729$460$285$140
37 years$1,635$1,072$682$424$259$123
38 years$1,575$1,019$639$391$234$109
39 years$1,517$969$598$360$213$97
40 years$1,463$922$561$332$193$86
41 years$1,411$877$526$306$175$76
42 years$1,362$835$493$283$159$67
43 years$1,316$796$463$261$144$59
44 years$1,271$759$435$241$131$52
45 years$1,229$724$408$223$119$46
46 years$1,189$690$383$206$108$41
47 years$1,150$659$360$190$98$36
48 years$1,113$629$338$176$89$32
49 years$1,078$600$318$162$81$29
50 years$1,045$574$299$150$73$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,070,000, adding $6,745 every year, while hoping to spend $45,195 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: 27/46/27 Blend
71$1,070,000$1,070,000$1,070,000$1,070,000
72$1,186,097$1,129,387$1,112,802$1,207,997
73$1,258,992$1,136,640$1,101,994$1,233,424
74$1,337,808$1,142,734$1,089,309$1,256,365
75$1,423,100$1,147,563$1,074,637$1,280,071
76$1,515,480$1,151,018$1,057,861$1,304,639
77$1,615,620$1,152,979$1,038,861$1,330,178
78$1,724,260$1,153,322$1,017,509$1,356,811
79$1,842,213$1,151,913$993,674$1,384,680
80$1,970,372$1,148,610$967,215$1,413,944
81$2,109,721$1,143,263$937,988$1,444,781
82$2,261,343$1,135,713$905,841$1,477,396
83$2,426,427$1,125,791$870,614$1,512,016
84$2,606,285$1,113,316$832,142$1,548,898
85$2,802,357$1,098,100$790,250$1,588,331
86$3,016,232$1,079,941$744,757$1,630,640
87$3,249,654$1,058,625$695,474$1,676,188
88$3,504,547$1,033,926$642,200$1,725,384
89$3,783,027$1,005,605$584,731$1,778,683
90$4,087,425$973,408$522,847$1,836,596
91$4,420,304$937,067$456,325$1,899,694
92$4,784,490$896,298$384,927$1,968,614
93$5,183,093$850,801$308,406$2,044,069
94$5,619,536$800,259$226,506$2,126,852
95$6,097,591$744,334$138,956$2,217,848
96$6,621,411$682,672$45,477$2,318,043
97$7,195,569$614,897$0$2,428,536
98$7,825,103$540,613$0$2,566,186
99$8,515,560$459,399$0$2,731,712
100$9,273,051$370,814$0$2,913,604