Can I retire at age 72 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$94,966$94,120$93,295$92,489$91,703$90,258
2 years$47,013$46,137$45,289$44,466$43,668$42,216
3 years$31,031$30,151$29,305$28,490$27,705$26,291
4 years$23,041$22,164$21,326$20,525$19,759$18,394
5 years$18,248$17,377$16,550$15,765$15,021$13,709
6 years$15,055$14,190$13,375$12,608$11,885$10,628
7 years$12,774$11,916$11,115$10,365$9,666$8,463
8 years$11,064$10,215$9,426$8,695$8,019$6,871
9 years$9,735$8,894$8,119$7,407$6,753$5,659
10 years$8,673$7,839$7,078$6,384$5,754$4,713
11 years$7,804$6,979$6,231$5,556$4,949$3,960
12 years$7,081$6,264$5,530$4,874$4,288$3,351
13 years$6,469$5,661$4,941$4,303$3,739$2,851
14 years$5,945$5,145$4,439$3,820$3,278$2,438
15 years$5,491$4,700$4,008$3,406$2,886$2,093
16 years$5,095$4,313$3,634$3,050$2,551$1,802
17 years$4,745$3,972$3,307$2,740$2,262$1,556
18 years$4,435$3,670$3,019$2,470$2,011$1,347
19 years$4,158$3,401$2,763$2,232$1,792$1,168
20 years$3,908$3,161$2,536$2,021$1,601$1,015
21 years$3,683$2,944$2,333$1,834$1,433$883
22 years$3,479$2,748$2,150$1,668$1,284$770
23 years$3,292$2,570$1,985$1,519$1,153$671
24 years$3,122$2,408$1,836$1,385$1,036$586
25 years$2,965$2,260$1,700$1,265$932$512
26 years$2,820$2,124$1,577$1,157$840$448
27 years$2,687$1,999$1,464$1,059$757$392
28 years$2,563$1,884$1,361$970$683$343
29 years$2,448$1,777$1,267$890$617$300
30 years$2,341$1,678$1,180$816$557$263
31 years$2,241$1,586$1,100$750$504$231
32 years$2,147$1,501$1,026$689$456$202
33 years$2,059$1,422$958$634$413$177
34 years$1,977$1,347$895$583$374$156
35 years$1,900$1,278$837$537$338$136
36 years$1,826$1,213$783$494$307$120
37 years$1,758$1,152$733$455$278$105
38 years$1,692$1,095$686$420$252$92
39 years$1,631$1,041$643$387$228$81
40 years$1,572$990$603$357$207$71
41 years$1,517$943$565$329$188$62
42 years$1,464$898$530$304$171$55
43 years$1,414$856$498$281$155$48
44 years$1,366$816$467$259$141$42
45 years$1,321$778$439$239$128$37
46 years$1,278$742$412$221$116$33
47 years$1,236$708$387$204$105$29
48 years$1,197$676$364$189$96$25
49 years$1,159$645$342$174$87$22
50 years$1,123$617$321$161$79$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,150,000, adding $5,932 every year, while hoping to spend $58,071 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: 44/44/12 Blend
71$1,150,000$1,150,000$1,150,000$1,150,000
72$1,273,419$1,212,469$1,194,644$1,324,811
73$1,341,520$1,210,093$1,172,877$1,358,821
74$1,414,622$1,205,654$1,148,435$1,389,323
75$1,493,173$1,198,990$1,121,167$1,421,095
76$1,577,664$1,189,929$1,090,914$1,454,275
77$1,668,638$1,178,287$1,057,512$1,489,021
78$1,766,688$1,163,872$1,020,787$1,525,510
79$1,872,466$1,146,478$980,560$1,563,943
80$1,986,690$1,125,887$936,640$1,604,541
81$2,110,145$1,101,869$888,831$1,647,558
82$2,243,699$1,074,179$836,926$1,693,274
83$2,388,302$1,042,560$780,709$1,742,004
84$2,545,001$1,006,738$719,955$1,794,102
85$2,714,946$966,422$654,428$1,849,963
86$2,899,401$921,308$583,882$1,910,029
87$3,099,758$871,070$508,060$1,974,792
88$3,317,547$815,365$426,693$2,044,803
89$3,554,451$753,832$339,501$2,120,676
90$3,812,322$686,087$246,192$2,203,098
91$4,093,199$611,726$146,459$2,292,830
92$4,399,323$530,319$39,984$2,390,724
93$4,733,164$441,414$0$2,497,727
94$5,097,438$344,534$0$2,624,322
95$5,495,134$239,174$0$2,768,327
96$5,929,545$124,801$0$2,925,968
97$6,404,294$852$0$3,098,741
98$6,923,371$0$0$3,288,307
99$7,491,167$0$0$3,561,031
100$8,112,519$0$0$3,860,066