Can I retire at age 72 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$97,443$96,575$95,728$94,902$94,095$93,502
2 years$48,239$47,341$46,470$45,626$44,807$44,209
3 years$31,840$30,938$30,069$29,233$28,427$27,843
4 years$23,642$22,743$21,883$21,061$20,275$19,708
5 years$18,725$17,830$16,982$16,177$15,413$14,865
6 years$15,447$14,560$13,724$12,937$12,195$11,668
7 years$13,107$12,227$11,405$10,636$9,918$9,411
8 years$11,353$10,481$9,672$8,922$8,228$7,742
9 years$9,989$9,126$8,331$7,600$6,929$6,463
10 years$8,899$8,044$7,263$6,551$5,904$5,458
11 years$8,008$7,161$6,394$5,701$5,078$4,652
12 years$7,265$6,427$5,675$5,001$4,400$3,994
13 years$6,638$5,808$5,070$4,415$3,837$3,450
14 years$6,100$5,280$4,555$3,919$3,364$2,995
15 years$5,635$4,823$4,113$3,495$2,962$2,611
16 years$5,228$4,425$3,729$3,130$2,617$2,284
17 years$4,869$4,075$3,393$2,812$2,321$2,005
18 years$4,551$3,766$3,097$2,534$2,064$1,764
19 years$4,266$3,490$2,836$2,290$1,839$1,556
20 years$4,010$3,243$2,602$2,074$1,643$1,375
21 years$3,779$3,021$2,394$1,882$1,470$1,217
22 years$3,569$2,820$2,206$1,711$1,318$1,079
23 years$3,378$2,637$2,037$1,558$1,183$958
24 years$3,203$2,471$1,884$1,421$1,063$851
25 years$3,042$2,319$1,745$1,298$957$757
26 years$2,894$2,179$1,618$1,187$862$674
27 years$2,757$2,051$1,503$1,086$777$601
28 years$2,630$1,933$1,397$995$701$536
29 years$2,512$1,823$1,300$913$633$478
30 years$2,402$1,722$1,211$838$572$427
31 years$2,299$1,628$1,129$769$517$381
32 years$2,203$1,540$1,053$707$468$341
33 years$2,113$1,459$983$650$423$304
34 years$2,029$1,382$919$598$383$272
35 years$1,949$1,311$859$551$347$244
36 years$1,874$1,245$804$507$315$218
37 years$1,803$1,182$752$467$285$195
38 years$1,736$1,123$704$431$258$175
39 years$1,673$1,068$660$397$234$156
40 years$1,613$1,016$619$366$213$140
41 years$1,556$967$580$338$193$125
42 years$1,502$921$544$312$175$112
43 years$1,451$878$511$288$159$101
44 years$1,402$837$479$266$144$90
45 years$1,355$798$450$246$131$81
46 years$1,311$761$423$227$119$72
47 years$1,269$726$397$210$108$65
48 years$1,228$693$373$194$98$58
49 years$1,189$662$351$179$89$52
50 years$1,152$633$330$165$81$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,180,000, adding $3,304 every year, while hoping to spend $57,646 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: 65/27/8 Blend
71$1,180,000$1,180,000$1,180,000$1,180,000
72$1,303,768$1,241,228$1,222,938$1,386,274
73$1,375,418$1,240,713$1,202,572$1,441,090
74$1,452,443$1,238,241$1,179,591$1,493,822
75$1,535,333$1,233,655$1,153,847$1,549,932
76$1,624,621$1,226,789$1,125,186$1,609,744
77$1,720,896$1,217,466$1,093,443$1,673,615
78$1,824,804$1,205,498$1,058,450$1,741,941
79$1,937,055$1,190,688$1,020,029$1,815,161
80$2,058,428$1,172,825$977,994$1,893,757
81$2,189,781$1,151,687$932,149$1,978,265
82$2,332,055$1,127,036$882,293$2,069,276
83$2,486,288$1,098,624$828,213$2,167,444
84$2,653,617$1,066,184$769,686$2,273,491
85$2,835,297$1,029,438$706,481$2,388,218
86$3,032,704$988,088$638,356$2,512,508
87$3,247,356$941,820$565,056$2,647,336
88$3,480,920$890,303$486,319$2,793,781
89$3,735,231$833,185$401,868$2,953,037
90$4,012,308$770,094$311,414$3,126,420
91$4,314,373$700,639$214,656$3,315,387
92$4,643,873$624,404$111,281$3,521,546
93$5,003,498$540,950$960$3,746,675
94$5,396,214$449,815$0$3,992,736
95$5,825,280$350,509$0$4,271,865
96$6,294,289$242,514$0$4,577,227
97$6,807,193$125,284$0$4,911,416
98$7,368,347$0$0$5,277,387
99$7,982,543$0$0$5,678,923
100$8,655,061$0$0$6,159,419