Can I retire at age 72 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$64,990$64,411$63,846$63,295$62,756$61,666
2 years$32,173$31,574$30,993$30,430$29,884$28,789
3 years$21,236$20,634$20,055$19,497$18,960$17,894
4 years$15,768$15,168$14,595$14,046$13,522$12,494
5 years$12,488$11,892$11,326$10,789$10,279$9,292
6 years$10,303$9,711$9,153$8,628$8,134$7,188
7 years$8,742$8,155$7,606$7,094$6,615$5,711
8 years$7,572$6,990$6,451$5,951$5,488$4,626
9 years$6,662$6,086$5,556$5,069$4,621$3,801
10 years$5,935$5,365$4,844$4,369$3,938$3,158
11 years$5,341$4,776$4,264$3,803$3,387$2,647
12 years$4,846$4,287$3,785$3,335$2,935$2,234
13 years$4,427$3,874$3,381$2,945$2,559$1,896
14 years$4,068$3,521$3,038$2,614$2,243$1,617
15 years$3,758$3,217$2,743$2,331$1,975$1,384
16 years$3,487$2,951$2,487$2,087$1,746$1,188
17 years$3,248$2,718$2,263$1,875$1,548$1,023
18 years$3,035$2,512$2,066$1,690$1,376$883
19 years$2,845$2,328$1,891$1,527$1,227$764
20 years$2,675$2,163$1,736$1,383$1,096$662
21 years$2,521$2,015$1,596$1,255$981$574
22 years$2,381$1,881$1,471$1,141$879$499
23 years$2,253$1,759$1,359$1,039$789$434
24 years$2,136$1,648$1,256$948$709$377
25 years$2,029$1,547$1,164$866$638$329
26 years$1,930$1,454$1,079$792$575$286
27 years$1,839$1,368$1,002$725$518$250
28 years$1,754$1,289$932$664$468$218
29 years$1,675$1,216$867$609$422$190
30 years$1,602$1,148$808$559$382$166
31 years$1,534$1,086$753$513$345$145
32 years$1,469$1,027$702$472$312$127
33 years$1,409$973$656$434$282$111
34 years$1,353$922$613$399$256$97
35 years$1,300$875$573$367$232$85
36 years$1,250$830$536$338$210$74
37 years$1,203$788$502$312$190$65
38 years$1,158$749$470$287$172$57
39 years$1,116$712$440$265$156$50
40 years$1,076$678$413$244$142$43
41 years$1,038$645$387$225$129$38
42 years$1,002$614$363$208$117$33
43 years$968$585$340$192$106$29
44 years$935$558$320$177$96$25
45 years$904$532$300$164$87$22
46 years$874$508$282$151$79$20
47 years$846$484$265$140$72$17
48 years$819$463$249$129$65$15
49 years$793$442$234$119$59$13
50 years$768$422$220$110$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $787,000, adding $2,251 every year, while hoping to spend $51,666 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: 32/45/23 Blend
71$787,000$787,000$787,000$787,000
72$869,596$827,885$815,686$891,205
73$903,322$813,479$788,040$893,301
74$938,758$796,636$757,735$890,751
75$976,021$777,181$724,629$886,950
76$1,015,242$754,930$688,572$881,821
77$1,056,564$729,689$649,406$875,287
78$1,100,140$701,250$606,968$867,263
79$1,146,139$669,396$561,086$857,668
80$1,194,745$633,896$511,581$846,412
81$1,246,156$594,504$458,267$833,408
82$1,300,592$550,963$400,947$818,564
83$1,358,291$502,999$339,417$801,787
84$1,419,515$450,323$273,466$782,981
85$1,484,547$392,631$202,869$762,052
86$1,553,701$329,600$127,394$738,900
87$1,627,316$260,888$46,800$713,429
88$1,705,767$186,137$0$685,539
89$1,789,463$104,965$0$664,756
90$1,878,852$16,972$0$654,242
91$1,974,425$0$0$642,473
92$2,076,719$0$0$668,183
93$2,186,327$0$0$704,814
94$2,303,894$0$0$744,189
95$2,430,132$0$0$786,555
96$2,565,820$0$0$832,187
97$2,711,815$0$0$881,382
98$2,869,055$0$0$934,472
99$3,038,575$0$0$991,817
100$3,221,507$0$0$1,053,816