Can I retire at age 72 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$101,572$100,667$99,785$98,923$98,082$97,423
2 years$50,283$49,347$48,439$47,559$46,706$46,041
3 years$33,189$32,249$31,343$30,472$29,632$28,982
4 years$24,644$23,706$22,810$21,953$21,134$20,504
5 years$19,518$18,586$17,701$16,862$16,066$15,458
6 years$16,102$15,177$14,305$13,485$12,712$12,127
7 years$13,663$12,745$11,888$11,087$10,338$9,776
8 years$11,834$10,925$10,082$9,300$8,577$8,037
9 years$10,413$9,512$8,683$7,922$7,223$6,706
10 years$9,276$8,385$7,570$6,829$6,154$5,660
11 years$8,347$7,464$6,665$5,943$5,293$4,821
12 years$7,573$6,700$5,915$5,213$4,587$4,136
13 years$6,919$6,055$5,285$4,602$4,000$3,570
14 years$6,359$5,503$4,748$4,085$3,506$3,098
15 years$5,873$5,027$4,287$3,643$3,087$2,699
16 years$5,449$4,613$3,887$3,262$2,728$2,360
17 years$5,076$4,248$3,537$2,931$2,419$2,069
18 years$4,744$3,925$3,229$2,641$2,151$1,820
19 years$4,447$3,638$2,956$2,387$1,917$1,604
20 years$4,180$3,381$2,713$2,162$1,712$1,416
21 years$3,939$3,149$2,495$1,962$1,532$1,253
22 years$3,721$2,939$2,300$1,784$1,374$1,110
23 years$3,521$2,749$2,123$1,625$1,233$984
24 years$3,339$2,576$1,964$1,482$1,108$874
25 years$3,171$2,417$1,819$1,353$997$777
26 years$3,017$2,272$1,687$1,237$898$691
27 years$2,874$2,138$1,566$1,132$810$615
28 years$2,741$2,015$1,456$1,038$731$548
29 years$2,618$1,901$1,355$951$660$489
30 years$2,504$1,795$1,262$873$596$436
31 years$2,397$1,697$1,177$802$539$389
32 years$2,297$1,606$1,098$737$488$348
33 years$2,203$1,520$1,025$678$441$310
34 years$2,115$1,441$958$624$400$277
35 years$2,032$1,367$895$574$362$248
36 years$1,954$1,297$838$529$328$222
37 years$1,880$1,232$784$487$297$198
38 years$1,810$1,171$734$449$269$177
39 years$1,744$1,113$688$414$244$159
40 years$1,682$1,059$645$382$222$142
41 years$1,622$1,008$605$352$201$127
42 years$1,566$960$567$325$182$114
43 years$1,512$915$532$300$166$102
44 years$1,461$872$500$277$150$91
45 years$1,413$832$469$256$136$82
46 years$1,366$793$441$236$124$73
47 years$1,322$757$414$218$112$65
48 years$1,280$723$389$202$102$59
49 years$1,240$690$366$187$93$52
50 years$1,201$659$344$172$84$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,230,000, adding $3,750 every year, while hoping to spend $20,501 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: 63/16/21 Blend
71$1,230,000$1,230,000$1,230,000$1,230,000
72$1,359,328$1,294,138$1,275,073$1,437,365
73$1,476,167$1,335,738$1,295,975$1,532,032
74$1,604,236$1,378,689$1,316,890$1,632,748
75$1,744,659$1,423,036$1,337,797$1,742,275
76$1,898,674$1,468,825$1,358,674$1,861,475
77$2,067,645$1,516,104$1,379,495$1,991,299
78$2,253,073$1,564,921$1,400,237$2,132,791
79$2,456,612$1,615,328$1,420,870$2,287,102
80$2,680,085$1,667,377$1,441,368$2,455,500
81$2,925,498$1,721,123$1,461,698$2,639,382
82$3,195,063$1,776,622$1,481,829$2,840,283
83$3,491,215$1,833,932$1,501,726$3,059,899
84$3,816,638$1,893,113$1,521,352$3,300,094
85$4,174,287$1,954,228$1,540,670$3,562,922
86$4,567,419$2,017,340$1,559,637$3,850,646
87$4,999,623$2,082,517$1,578,212$4,165,760
88$5,474,851$2,149,827$1,596,348$4,511,009
89$5,997,458$2,219,340$1,613,998$4,889,418
90$6,572,242$2,291,131$1,631,111$5,304,321
91$7,204,490$2,365,276$1,647,632$5,759,388
92$7,900,026$2,441,853$1,663,507$6,258,664
93$8,665,269$2,520,944$1,678,674$6,806,606
94$9,507,289$2,602,633$1,693,072$7,408,123
95$10,433,877$2,687,006$1,706,634$8,068,625
96$11,453,617$2,774,154$1,719,292$8,794,072
97$12,575,969$2,864,171$1,730,971$9,591,030
98$13,811,354$2,957,152$1,741,595$10,466,734
99$15,171,257$3,053,197$1,751,083$11,429,158
100$16,668,331$3,152,409$1,759,349$12,487,084