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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$96,618$95,757$94,917$94,098$93,297$92,554
2 years$47,830$46,940$46,076$45,239$44,427$43,678
3 years$31,570$30,676$29,814$28,985$28,187$27,455
4 years$23,442$22,550$21,697$20,882$20,103$19,394
5 years$18,566$17,679$16,838$16,040$15,282$14,598
6 years$15,316$14,436$13,608$12,827$12,092$11,434
7 years$12,996$12,124$11,308$10,546$9,834$9,202
8 years$11,257$10,392$9,590$8,847$8,158$7,552
9 years$9,905$9,048$8,260$7,535$6,870$6,291
10 years$8,824$7,976$7,201$6,496$5,854$5,300
11 years$7,940$7,100$6,340$5,653$5,035$4,506
12 years$7,204$6,373$5,626$4,958$4,363$3,859
13 years$6,581$5,759$5,027$4,378$3,805$3,324
14 years$6,048$5,235$4,517$3,886$3,335$2,878
15 years$5,587$4,782$4,078$3,466$2,936$2,503
16 years$5,184$4,388$3,697$3,103$2,595$2,184
17 years$4,828$4,041$3,364$2,788$2,301$1,911
18 years$4,512$3,734$3,071$2,513$2,046$1,677
19 years$4,230$3,461$2,812$2,270$1,824$1,475
20 years$3,976$3,216$2,580$2,056$1,629$1,300
21 years$3,747$2,995$2,373$1,866$1,458$1,147
22 years$3,539$2,796$2,187$1,697$1,307$1,014
23 years$3,350$2,615$2,020$1,545$1,173$897
24 years$3,176$2,450$1,868$1,409$1,054$795
25 years$3,016$2,299$1,730$1,287$949$705
26 years$2,869$2,161$1,605$1,177$855$626
27 years$2,734$2,034$1,490$1,077$770$556
28 years$2,608$1,916$1,385$987$695$494
29 years$2,491$1,808$1,289$905$628$439
30 years$2,382$1,707$1,201$831$567$391
31 years$2,280$1,614$1,119$763$513$348
32 years$2,185$1,527$1,044$701$464$310
33 years$2,095$1,446$975$645$420$276
34 years$2,011$1,371$911$593$380$246
35 years$1,933$1,300$852$546$344$220
36 years$1,858$1,234$797$503$312$196
37 years$1,788$1,172$746$463$283$175
38 years$1,722$1,114$698$427$256$156
39 years$1,659$1,059$654$394$232$139
40 years$1,600$1,008$613$363$211$124
41 years$1,543$959$575$335$191$111
42 years$1,490$914$539$309$174$99
43 years$1,439$870$506$286$157$88
44 years$1,390$830$475$264$143$79
45 years$1,344$791$446$243$130$70
46 years$1,300$755$419$225$118$63
47 years$1,258$720$394$208$107$56
48 years$1,218$688$370$192$97$50
49 years$1,179$657$348$177$88$45
50 years$1,142$627$327$164$80$40

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 $6,186 every year, while hoping to spend $36,901 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: 64/10/26 Blend
71$1,170,000$1,170,000$1,170,000$1,170,000
72$1,295,721$1,233,711$1,215,576$1,369,396
73$1,388,622$1,254,900$1,217,035$1,441,133
74$1,489,762$1,275,891$1,217,307$1,514,838
75$1,599,943$1,296,635$1,216,312$1,594,556
76$1,720,047$1,317,079$1,213,967$1,680,881
77$1,851,043$1,337,168$1,210,187$1,774,469
78$1,994,001$1,356,841$1,204,880$1,876,042
79$2,150,097$1,376,034$1,197,951$1,986,399
80$2,320,625$1,394,677$1,189,300$2,106,417
81$2,507,010$1,412,698$1,178,823$2,237,067
82$2,710,821$1,430,016$1,166,410$2,379,417
83$2,933,786$1,446,548$1,151,946$2,534,646
84$3,177,807$1,462,204$1,135,311$2,704,055
85$3,444,978$1,476,887$1,116,379$2,889,076
86$3,737,606$1,490,495$1,095,018$3,091,290
87$4,058,232$1,502,919$1,071,091$3,312,440
88$4,409,652$1,514,042$1,044,453$3,554,450
89$4,794,948$1,523,742$1,014,953$3,819,437
90$5,217,512$1,531,885$982,434$4,109,740
91$5,681,083$1,538,332$946,730$4,427,934
92$6,189,777$1,542,933$907,669$4,776,863
93$6,748,127$1,545,530$865,069$5,159,658
94$7,361,130$1,545,955$818,743$5,579,774
95$8,034,287$1,544,028$768,492$6,041,020
96$8,773,659$1,539,561$714,112$6,547,596
97$9,585,924$1,532,350$655,385$7,104,132
98$10,478,435$1,522,183$592,088$7,715,733
99$11,459,298$1,508,832$523,985$8,388,027
100$12,537,438$1,492,056$450,830$9,127,219