Can I retire at age 72 with 787,000?

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 $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%16.9%
1 years$64,990$64,411$63,846$63,295$62,756$60,992
2 years$32,173$31,574$30,993$30,430$29,884$28,120
3 years$21,236$20,634$20,055$19,497$18,960$17,251
4 years$15,768$15,168$14,595$14,046$13,522$11,882
5 years$12,488$11,892$11,326$10,789$10,279$8,712
6 years$10,303$9,711$9,153$8,628$8,134$6,641
7 years$8,742$8,155$7,606$7,094$6,615$5,197
8 years$7,572$6,990$6,451$5,951$5,488$4,144
9 years$6,662$6,086$5,556$5,069$4,621$3,350
10 years$5,935$5,365$4,844$4,369$3,938$2,737
11 years$5,341$4,776$4,264$3,803$3,387$2,255
12 years$4,846$4,287$3,785$3,335$2,935$1,870
13 years$4,427$3,874$3,381$2,945$2,559$1,559
14 years$4,068$3,521$3,038$2,614$2,243$1,305
15 years$3,758$3,217$2,743$2,331$1,975$1,096
16 years$3,487$2,951$2,487$2,087$1,746$923
17 years$3,248$2,718$2,263$1,875$1,548$780
18 years$3,035$2,512$2,066$1,690$1,376$660
19 years$2,845$2,328$1,891$1,527$1,227$559
20 years$2,675$2,163$1,736$1,383$1,096$475
21 years$2,521$2,015$1,596$1,255$981$403
22 years$2,381$1,881$1,471$1,141$879$343
23 years$2,253$1,759$1,359$1,039$789$292
24 years$2,136$1,648$1,256$948$709$249
25 years$2,029$1,547$1,164$866$638$212
26 years$1,930$1,454$1,079$792$575$181
27 years$1,839$1,368$1,002$725$518$154
28 years$1,754$1,289$932$664$468$132
29 years$1,675$1,216$867$609$422$113
30 years$1,602$1,148$808$559$382$96
31 years$1,534$1,086$753$513$345$82
32 years$1,469$1,027$702$472$312$70
33 years$1,409$973$656$434$282$60
34 years$1,353$922$613$399$256$51
35 years$1,300$875$573$367$232$44
36 years$1,250$830$536$338$210$37
37 years$1,203$788$502$312$190$32
38 years$1,158$749$470$287$172$27
39 years$1,116$712$440$265$156$23
40 years$1,076$678$413$244$142$20
41 years$1,038$645$387$225$129$17
42 years$1,002$614$363$208$117$15
43 years$968$585$340$192$106$13
44 years$935$558$320$177$96$11
45 years$904$532$300$164$87$9
46 years$874$508$282$151$79$8
47 years$846$484$265$140$72$7
48 years$819$463$249$129$65$6
49 years$793$442$234$119$59$5
50 years$768$422$220$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $787,000, adding $4,180 every year, while hoping to spend $26,873 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: 73/12/15 Blend
71$787,000$787,000$787,000$787,000
72$871,586$829,875$817,676$932,013
73$931,895$841,946$816,476$984,671
74$997,455$853,708$814,334$1,038,637
75$1,068,773$865,117$811,192$1,097,038
76$1,146,407$876,127$806,986$1,160,307
77$1,230,971$886,688$801,651$1,228,923
78$1,323,141$896,747$795,118$1,303,410
79$1,423,661$906,247$787,314$1,384,350
80$1,533,349$915,128$778,163$1,472,382
81$1,653,106$923,325$767,587$1,568,210
82$1,783,925$930,769$755,503$1,672,610
83$1,926,895$937,387$741,823$1,786,438
84$2,083,221$943,102$726,456$1,910,638
85$2,254,225$947,829$709,308$2,046,249
86$2,441,365$951,482$690,278$2,194,416
87$2,646,245$953,965$669,264$2,356,404
88$2,870,633$955,180$646,154$2,533,604
89$3,116,473$955,020$620,837$2,727,550
90$3,385,911$953,373$593,192$2,939,935
91$3,681,304$950,119$563,095$3,172,623
92$4,005,255$945,132$530,415$3,427,668
93$4,360,624$938,277$495,018$3,707,336
94$4,750,566$929,411$456,759$4,014,125
95$5,178,555$918,383$415,492$4,350,787
96$5,648,417$905,033$371,060$4,720,356
97$6,164,366$889,191$323,302$5,126,175
98$6,731,047$870,676$272,047$5,571,933
99$7,353,573$849,299$217,121$6,061,691
100$8,037,580$824,857$158,336$6,599,930