Can I retire at age 72 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$93,314$92,483$91,672$90,881$90,108$87,787
2 years$46,195$45,335$44,501$43,693$42,908$40,586
3 years$30,491$29,627$28,795$27,994$27,223$24,971
4 years$22,640$21,779$20,955$20,168$19,416$17,252
5 years$17,931$17,075$16,262$15,491$14,759$12,690
6 years$14,793$13,943$13,142$12,388$11,679$9,705
7 years$12,552$11,709$10,921$10,185$9,498$7,620
8 years$10,872$10,037$9,262$8,544$7,879$6,097
9 years$9,566$8,739$7,978$7,278$6,636$4,947
10 years$8,522$7,703$6,955$6,273$5,654$4,057
11 years$7,668$6,858$6,123$5,460$4,862$3,355
12 years$6,957$6,155$5,434$4,789$4,214$2,793
13 years$6,356$5,562$4,855$4,228$3,674$2,338
14 years$5,842$5,056$4,362$3,753$3,221$1,965
15 years$5,396$4,619$3,938$3,347$2,836$1,658
16 years$5,006$4,238$3,571$2,997$2,506$1,403
17 years$4,663$3,903$3,249$2,693$2,222$1,190
18 years$4,358$3,606$2,966$2,427$1,976$1,011
19 years$4,085$3,342$2,715$2,193$1,761$861
20 years$3,841$3,106$2,492$1,986$1,573$734
21 years$3,619$2,893$2,292$1,802$1,408$627
22 years$3,418$2,700$2,113$1,639$1,262$536
23 years$3,235$2,526$1,951$1,492$1,133$458
24 years$3,067$2,366$1,804$1,361$1,018$392
25 years$2,913$2,221$1,671$1,243$916$336
26 years$2,771$2,087$1,550$1,137$825$288
27 years$2,640$1,964$1,439$1,040$744$247
28 years$2,519$1,851$1,338$953$671$212
29 years$2,405$1,746$1,245$874$606$182
30 years$2,300$1,649$1,160$802$548$156
31 years$2,202$1,559$1,081$737$495$134
32 years$2,110$1,475$1,009$677$448$115
33 years$2,024$1,397$942$623$405$99
34 years$1,943$1,324$880$573$367$85
35 years$1,866$1,256$823$527$332$73
36 years$1,795$1,192$770$486$301$63
37 years$1,727$1,132$720$448$273$54
38 years$1,663$1,076$675$413$248$46
39 years$1,602$1,023$632$380$224$40
40 years$1,545$973$592$351$204$34
41 years$1,490$926$555$324$185$29
42 years$1,439$882$521$299$168$25
43 years$1,389$841$489$276$152$22
44 years$1,343$801$459$255$138$19
45 years$1,298$764$431$235$125$16
46 years$1,255$729$405$217$114$14
47 years$1,215$696$380$201$103$12
48 years$1,176$664$357$185$94$10
49 years$1,139$634$336$171$85$9
50 years$1,103$606$316$158$77$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,130,000, adding $5,851 every year, while hoping to spend $36,146 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: 48/37/15 Blend
71$1,130,000$1,130,000$1,130,000$1,130,000
72$1,251,295$1,191,405$1,173,890$1,305,852
73$1,340,468$1,211,325$1,174,757$1,364,096
74$1,437,526$1,231,010$1,174,440$1,423,114
75$1,543,233$1,250,409$1,172,864$1,486,404
76$1,658,434$1,269,470$1,169,946$1,554,379
77$1,784,055$1,288,135$1,165,600$1,627,495
78$1,921,119$1,306,343$1,159,738$1,706,253
79$2,070,748$1,324,029$1,152,264$1,791,209
80$2,234,180$1,341,123$1,143,081$1,882,974
81$2,412,777$1,357,549$1,132,085$1,982,224
82$2,608,039$1,373,226$1,119,168$2,089,704
83$2,821,615$1,388,071$1,104,216$2,206,237
84$3,055,324$1,401,991$1,087,112$2,332,730
85$3,311,168$1,414,889$1,067,731$2,470,186
86$3,591,350$1,426,662$1,045,943$2,619,709
87$3,898,298$1,437,198$1,021,612$2,782,520
88$4,234,684$1,446,381$994,596$2,959,966
89$4,603,452$1,454,084$964,745$3,153,531
90$5,007,845$1,460,175$931,905$3,364,855
91$5,451,434$1,464,512$895,912$3,595,747
92$5,938,151$1,466,944$856,596$3,848,203
93$6,472,330$1,467,311$813,780$4,124,425
94$7,058,742$1,465,444$767,276$4,426,842
95$7,702,645$1,461,162$716,891$4,758,135
96$8,409,829$1,454,273$662,421$5,121,262
97$9,186,673$1,444,575$603,654$5,519,485
98$10,040,206$1,431,850$540,368$5,956,404
99$10,978,168$1,415,872$472,331$6,435,989
100$12,009,089$1,396,398$399,302$6,962,621