Can I retire at age 72 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$96,618$95,757$94,917$94,098$93,297$90,095
2 years$47,830$46,940$46,076$45,239$44,427$41,233
3 years$31,570$30,676$29,814$28,985$28,187$25,101
4 years$23,442$22,550$21,697$20,882$20,103$17,150
5 years$18,566$17,679$16,838$16,040$15,282$12,470
6 years$15,316$14,436$13,608$12,827$12,092$9,422
7 years$12,996$12,124$11,308$10,546$9,834$7,307
8 years$11,257$10,392$9,590$8,847$8,158$5,771
9 years$9,905$9,048$8,260$7,535$6,870$4,620
10 years$8,824$7,976$7,201$6,496$5,854$3,737
11 years$7,940$7,100$6,340$5,653$5,035$3,047
12 years$7,204$6,373$5,626$4,958$4,363$2,500
13 years$6,581$5,759$5,027$4,378$3,805$2,061
14 years$6,048$5,235$4,517$3,886$3,335$1,707
15 years$5,587$4,782$4,078$3,466$2,936$1,418
16 years$5,184$4,388$3,697$3,103$2,595$1,181
17 years$4,828$4,041$3,364$2,788$2,301$985
18 years$4,512$3,734$3,071$2,513$2,046$824
19 years$4,230$3,461$2,812$2,270$1,824$690
20 years$3,976$3,216$2,580$2,056$1,629$579
21 years$3,747$2,995$2,373$1,866$1,458$486
22 years$3,539$2,796$2,187$1,697$1,307$408
23 years$3,350$2,615$2,020$1,545$1,173$343
24 years$3,176$2,450$1,868$1,409$1,054$288
25 years$3,016$2,299$1,730$1,287$949$243
26 years$2,869$2,161$1,605$1,177$855$204
27 years$2,734$2,034$1,490$1,077$770$172
28 years$2,608$1,916$1,385$987$695$145
29 years$2,491$1,808$1,289$905$628$122
30 years$2,382$1,707$1,201$831$567$103
31 years$2,280$1,614$1,119$763$513$87
32 years$2,185$1,527$1,044$701$464$73
33 years$2,095$1,446$975$645$420$62
34 years$2,011$1,371$911$593$380$52
35 years$1,933$1,300$852$546$344$44
36 years$1,858$1,234$797$503$312$37
37 years$1,788$1,172$746$463$283$31
38 years$1,722$1,114$698$427$256$26
39 years$1,659$1,059$654$394$232$22
40 years$1,600$1,008$613$363$211$19
41 years$1,543$959$575$335$191$16
42 years$1,490$914$539$309$174$13
43 years$1,439$870$506$286$157$11
44 years$1,390$830$475$264$143$10
45 years$1,344$791$446$243$130$8
46 years$1,300$755$419$225$118$7
47 years$1,258$720$394$208$107$6
48 years$1,218$688$370$192$97$5
49 years$1,179$657$348$177$88$4
50 years$1,142$627$327$164$80$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,170,000, adding $5,219 every year, while hoping to spend $58,080 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: 43/45/12 Blend
71$1,170,000$1,170,000$1,170,000$1,170,000
72$1,294,723$1,232,713$1,214,578$1,345,676
73$1,364,989$1,231,320$1,193,470$1,380,394
74$1,440,474$1,227,911$1,169,708$1,411,743
75$1,521,651$1,222,328$1,143,142$1,444,420
76$1,609,037$1,214,399$1,113,615$1,478,569
77$1,703,200$1,203,946$1,080,962$1,514,354
78$1,804,764$1,190,777$1,045,012$1,551,961
79$1,914,415$1,174,690$1,005,585$1,591,595
80$2,032,905$1,155,469$962,491$1,633,489
81$2,161,062$1,132,888$915,536$1,677,904
82$2,299,797$1,106,706$864,513$1,725,132
83$2,450,109$1,076,668$809,207$1,775,500
84$2,613,099$1,042,503$749,394$1,829,375
85$2,789,976$1,003,926$684,839$1,887,165
86$2,982,070$960,635$615,298$1,949,328
87$3,190,844$912,309$540,513$2,016,374
88$3,417,908$858,610$460,219$2,088,874
89$3,665,033$799,181$374,134$2,167,464
90$3,934,168$733,642$281,969$2,252,852
91$4,227,456$661,593$183,418$2,345,827
92$4,547,257$582,612$78,164$2,447,270
93$4,896,170$496,253$0$2,558,158
94$5,277,052$402,042$0$2,683,956
95$5,693,050$299,481$0$2,832,465
96$6,147,629$188,043$0$2,995,060
97$6,644,602$67,172$0$3,173,283
98$7,188,169$0$0$3,368,849
99$7,782,953$0$0$3,615,207
100$8,434,045$0$0$3,921,440