Can I retire at age 72 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$99,095$98,212$97,351$96,510$95,690$92,664
2 years$49,057$48,143$47,258$46,399$45,567$42,545
3 years$32,380$31,462$30,579$29,728$28,909$25,988
4 years$24,043$23,128$22,254$21,418$20,618$17,819
5 years$19,042$18,133$17,270$16,451$15,674$13,004
6 years$15,709$14,807$13,956$13,156$12,402$9,864
7 years$13,329$12,435$11,598$10,816$10,086$7,679
8 years$11,546$10,659$9,836$9,073$8,367$6,090
9 years$10,159$9,280$8,472$7,729$7,047$4,897
10 years$9,050$8,180$7,386$6,662$6,004$3,979
11 years$8,143$7,282$6,502$5,798$5,164$3,259
12 years$7,388$6,536$5,771$5,086$4,475$2,686
13 years$6,750$5,907$5,156$4,490$3,902$2,225
14 years$6,204$5,369$4,632$3,986$3,421$1,851
15 years$5,730$4,905$4,182$3,554$3,012$1,545
16 years$5,316$4,500$3,792$3,183$2,662$1,294
17 years$4,952$4,144$3,451$2,860$2,360$1,085
18 years$4,628$3,830$3,150$2,577$2,098$912
19 years$4,339$3,549$2,884$2,329$1,870$768
20 years$4,078$3,298$2,646$2,109$1,671$647
21 years$3,843$3,072$2,434$1,914$1,495$546
22 years$3,630$2,868$2,244$1,740$1,340$461
23 years$3,435$2,682$2,071$1,585$1,203$390
24 years$3,257$2,513$1,916$1,446$1,081$330
25 years$3,094$2,358$1,774$1,320$973$279
26 years$2,943$2,216$1,646$1,207$876$236
27 years$2,804$2,086$1,528$1,105$790$200
28 years$2,675$1,966$1,421$1,012$713$170
29 years$2,555$1,854$1,322$928$644$144
30 years$2,443$1,751$1,231$852$582$122
31 years$2,338$1,655$1,148$782$526$103
32 years$2,241$1,566$1,071$719$476$88
33 years$2,149$1,483$1,000$661$431$74
34 years$2,063$1,406$934$608$390$63
35 years$1,982$1,333$874$560$353$54
36 years$1,906$1,266$817$516$320$45
37 years$1,834$1,202$765$475$290$39
38 years$1,766$1,142$716$438$263$33
39 years$1,702$1,086$671$404$238$28
40 years$1,641$1,034$629$373$216$24
41 years$1,583$984$590$344$196$20
42 years$1,528$937$553$317$178$17
43 years$1,476$893$519$293$162$14
44 years$1,426$851$487$270$147$12
45 years$1,378$811$458$250$133$10
46 years$1,333$774$430$231$121$9
47 years$1,290$739$404$213$110$7
48 years$1,249$705$379$197$100$6
49 years$1,209$673$357$182$91$5
50 years$1,172$643$335$168$82$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,200,000, adding $5,994 every year, while hoping to spend $49,966 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: 29/43/28 Blend
71$1,200,000$1,200,000$1,200,000$1,200,000
72$1,328,583$1,264,983$1,246,383$1,355,491
73$1,410,935$1,273,804$1,234,973$1,386,049
74$1,500,012$1,281,382$1,221,507$1,414,138
75$1,596,448$1,287,604$1,205,862$1,443,340
76$1,700,938$1,292,349$1,187,911$1,473,786
77$1,814,249$1,295,489$1,167,521$1,505,624
78$1,937,221$1,296,887$1,144,551$1,539,021
79$2,070,781$1,296,398$1,118,857$1,574,165
80$2,215,947$1,293,868$1,090,285$1,611,269
81$2,373,839$1,289,133$1,058,675$1,650,570
82$2,545,690$1,282,020$1,023,860$1,692,336
83$2,732,856$1,272,344$985,665$1,736,866
84$2,936,829$1,259,911$943,907$1,784,496
85$3,159,252$1,244,513$898,394$1,835,603
86$3,401,932$1,225,930$848,927$1,890,608
87$3,666,859$1,203,931$795,296$1,949,982
88$3,956,224$1,178,269$737,284$2,014,249
89$4,272,438$1,148,683$674,661$2,083,997
90$4,618,154$1,114,896$607,190$2,159,882
91$4,996,297$1,076,617$534,622$2,242,632
92$5,410,083$1,033,535$456,696$2,333,063
93$5,863,057$985,324$373,140$2,432,079
94$6,359,120$931,636$283,672$2,540,691
95$6,902,569$872,105$187,994$2,660,019
96$7,498,137$806,345$85,798$2,791,314
97$8,151,036$733,944$0$2,935,961
98$8,867,005$654,471$0$3,102,454
99$9,652,366$567,467$0$3,313,361
100$10,514,084$472,449$0$3,545,029