Can I retire at age 72 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$90,011$89,209$88,427$87,664$86,918$84,069
2 years$44,560$43,730$42,926$42,146$41,390$38,546
3 years$29,412$28,578$27,776$27,003$26,259$23,511
4 years$21,839$21,008$20,214$19,454$18,728$16,096
5 years$17,296$16,470$15,687$14,943$14,237$11,728
6 years$14,269$13,449$12,677$11,950$11,265$8,881
7 years$12,108$11,295$10,535$9,825$9,162$6,903
8 years$10,487$9,682$8,934$8,242$7,600$5,465
9 years$9,228$8,430$7,695$7,020$6,401$4,386
10 years$8,220$7,430$6,709$6,051$5,454$3,557
11 years$7,397$6,615$5,906$5,267$4,690$2,907
12 years$6,711$5,937$5,242$4,619$4,065$2,392
13 years$6,131$5,365$4,683$4,078$3,544$1,978
14 years$5,635$4,877$4,208$3,620$3,107$1,642
15 years$5,205$4,455$3,799$3,229$2,736$1,368
16 years$4,829$4,088$3,444$2,891$2,418$1,142
17 years$4,498$3,765$3,134$2,597$2,144$956
18 years$4,204$3,479$2,861$2,341$1,906$802
19 years$3,941$3,224$2,619$2,115$1,699$674
20 years$3,705$2,996$2,404$1,916$1,518$566
21 years$3,491$2,790$2,211$1,739$1,358$477
22 years$3,297$2,605$2,038$1,581$1,217$402
23 years$3,121$2,436$1,882$1,440$1,093$339
24 years$2,959$2,283$1,740$1,313$982$286
25 years$2,810$2,142$1,612$1,199$884$241
26 years$2,673$2,013$1,495$1,096$796$204
27 years$2,547$1,895$1,388$1,004$718$172
28 years$2,429$1,785$1,290$919$648$146
29 years$2,320$1,684$1,201$843$585$123
30 years$2,219$1,591$1,119$774$528$104
31 years$2,124$1,504$1,043$711$478$88
32 years$2,035$1,423$973$653$432$75
33 years$1,952$1,347$908$601$391$63
34 years$1,874$1,277$849$553$354$53
35 years$1,800$1,211$794$509$321$45
36 years$1,731$1,150$742$469$291$38
37 years$1,666$1,092$695$432$263$32
38 years$1,604$1,038$651$398$239$27
39 years$1,546$987$610$367$217$23
40 years$1,490$939$571$338$196$20
41 years$1,438$894$536$312$178$17
42 years$1,388$851$503$288$162$14
43 years$1,340$811$472$266$147$12
44 years$1,295$773$443$246$133$10
45 years$1,252$737$416$227$121$9
46 years$1,211$703$390$210$110$7
47 years$1,172$671$367$194$100$6
48 years$1,134$641$345$179$91$5
49 years$1,098$612$324$165$82$4
50 years$1,064$584$305$153$75$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,090,000, adding $3,915 every year, while hoping to spend $42,395 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: 67/5/28 Blend
71$1,090,000$1,090,000$1,090,000$1,090,000
72$1,205,218$1,147,448$1,130,553$1,276,880
73$1,283,043$1,158,565$1,123,319$1,336,771
74$1,367,384$1,168,806$1,114,421$1,397,120
75$1,458,863$1,178,083$1,103,760$1,462,181
76$1,558,160$1,186,303$1,091,229$1,532,423
77$1,666,027$1,193,366$1,076,720$1,608,362
78$1,783,287$1,199,167$1,060,116$1,690,568
79$1,910,849$1,203,592$1,041,296$1,779,671
80$2,049,711$1,206,523$1,020,134$1,876,365
81$2,200,971$1,207,832$996,498$1,981,417
82$2,365,838$1,207,384$970,249$2,095,672
83$2,545,644$1,205,036$941,243$2,220,063
84$2,741,852$1,200,635$909,327$2,355,620
85$2,956,074$1,194,020$874,343$2,503,479
86$3,190,086$1,185,020$836,126$2,664,893
87$3,445,841$1,173,452$794,502$2,841,245
88$3,725,489$1,159,123$749,290$3,034,062
89$4,031,399$1,141,830$700,301$3,245,025
90$4,366,178$1,121,356$647,337$3,475,992
91$4,732,696$1,097,471$590,192$3,729,011
92$5,134,117$1,069,932$528,648$4,006,341
93$5,573,921$1,038,483$462,482$4,310,474
94$6,055,942$1,002,850$391,457$4,644,160
95$6,584,405$962,746$315,328$5,010,430
96$7,163,960$917,866$233,836$5,412,628
97$7,799,729$867,888$146,716$5,854,442
98$8,497,356$812,469$53,685$6,339,940
99$9,263,056$751,249$0$6,873,607
100$10,103,675$683,847$0$7,474,013