Can I retire at age 72 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$64,907$64,329$63,765$63,214$62,677$61,361
2 years$32,132$31,534$30,954$30,392$29,846$28,527
3 years$21,209$20,608$20,029$19,472$18,936$17,654
4 years$15,748$15,149$14,576$14,029$13,505$12,271
5 years$12,472$11,877$11,312$10,775$10,266$9,083
6 years$10,289$9,698$9,142$8,617$8,123$6,992
7 years$8,731$8,145$7,597$7,085$6,606$5,528
8 years$7,562$6,981$6,443$5,943$5,481$4,454
9 years$6,654$6,079$5,549$5,062$4,616$3,640
10 years$5,928$5,358$4,838$4,364$3,933$3,007
11 years$5,334$4,770$4,259$3,798$3,382$2,506
12 years$4,839$4,281$3,780$3,331$2,931$2,103
13 years$4,421$3,869$3,377$2,941$2,556$1,774
14 years$4,063$3,517$3,034$2,611$2,240$1,504
15 years$3,753$3,213$2,740$2,328$1,973$1,279
16 years$3,482$2,948$2,484$2,085$1,743$1,092
17 years$3,243$2,715$2,260$1,873$1,546$934
18 years$3,031$2,508$2,063$1,688$1,375$801
19 years$2,842$2,325$1,889$1,525$1,225$688
20 years$2,671$2,160$1,733$1,381$1,094$592
21 years$2,517$2,012$1,594$1,254$979$510
22 years$2,378$1,878$1,469$1,140$878$440
23 years$2,250$1,757$1,357$1,038$788$380
24 years$2,134$1,646$1,255$947$708$328
25 years$2,026$1,545$1,162$865$637$284
26 years$1,928$1,452$1,078$791$574$246
27 years$1,836$1,366$1,001$724$518$213
28 years$1,752$1,287$930$663$467$184
29 years$1,673$1,215$866$608$422$160
30 years$1,600$1,147$807$558$381$138
31 years$1,532$1,084$752$512$344$120
32 years$1,468$1,026$702$471$312$104
33 years$1,408$972$655$433$282$90
34 years$1,351$921$612$399$255$78
35 years$1,298$873$572$367$231$68
36 years$1,248$829$535$338$210$59
37 years$1,201$787$501$311$190$51
38 years$1,157$748$469$287$172$44
39 years$1,115$712$440$265$156$39
40 years$1,075$677$412$244$142$34
41 years$1,037$644$386$225$128$29
42 years$1,001$614$362$208$117$25
43 years$966$585$340$192$106$22
44 years$934$557$319$177$96$19
45 years$903$532$300$164$87$17
46 years$873$507$282$151$79$14
47 years$845$484$264$140$72$13
48 years$818$462$249$129$65$11
49 years$792$441$234$119$59$9
50 years$767$421$220$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $786,000, adding $2,721 every year, while hoping to spend $59,761 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: 31/49/20 Blend
71$786,000$786,000$786,000$786,000
72$868,979$827,321$815,138$890,426
73$894,029$804,274$778,860$883,777
74$919,632$778,095$739,363$871,028
75$945,780$748,568$696,478$856,048
76$972,465$715,462$650,024$838,678
77$999,673$678,537$599,817$818,752
78$1,027,388$637,534$545,659$796,091
79$1,055,592$592,183$487,349$770,508
80$1,084,260$542,197$424,673$741,804
81$1,113,363$487,274$357,408$709,766
82$1,142,868$427,092$285,323$674,172
83$1,172,735$361,314$208,176$634,783
84$1,202,916$289,581$125,713$591,347
85$1,233,359$211,516$37,669$543,598
86$1,264,002$126,720$0$491,253
87$1,294,772$34,772$0$446,022
88$1,325,589$0$0$404,935
89$1,356,359$0$0$394,599
90$1,386,979$0$0$402,893
91$1,417,328$0$0$411,027
92$1,447,272$0$0$418,952
93$1,476,661$0$0$426,614
94$1,505,322$0$0$433,953
95$1,533,065$0$0$440,902
96$1,559,676$0$0$447,383
97$1,584,913$0$0$453,314
98$1,608,508$0$0$458,598
99$1,630,160$0$0$463,132
100$1,649,535$0$0$466,797