Can I retire at age 72 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$65,320$64,738$64,171$63,616$63,075$61,501
2 years$32,337$31,734$31,151$30,585$30,036$28,459
3 years$21,344$20,739$20,157$19,596$19,056$17,527
4 years$15,848$15,245$14,669$14,118$13,591$12,121
5 years$12,552$11,952$11,384$10,844$10,332$8,925
6 years$10,355$9,760$9,200$8,672$8,175$6,833
7 years$8,786$8,196$7,645$7,130$6,648$5,372
8 years$7,610$7,026$6,484$5,981$5,516$4,303
9 years$6,696$6,117$5,584$5,094$4,645$3,496
10 years$5,965$5,392$4,868$4,391$3,958$2,870
11 years$5,368$4,800$4,286$3,822$3,404$2,377
12 years$4,870$4,308$3,804$3,352$2,950$1,981
13 years$4,449$3,894$3,398$2,960$2,572$1,660
14 years$4,089$3,539$3,054$2,627$2,255$1,398
15 years$3,777$3,233$2,757$2,343$1,985$1,181
16 years$3,504$2,966$2,500$2,098$1,755$1,000
17 years$3,264$2,732$2,275$1,885$1,556$850
18 years$3,051$2,524$2,076$1,699$1,383$723
19 years$2,860$2,340$1,901$1,535$1,233$617
20 years$2,688$2,174$1,744$1,390$1,101$527
21 years$2,533$2,025$1,605$1,262$986$450
22 years$2,393$1,890$1,479$1,147$883$385
23 years$2,265$1,768$1,365$1,045$793$330
24 years$2,147$1,656$1,263$953$713$283
25 years$2,039$1,554$1,170$870$641$243
26 years$1,940$1,461$1,085$796$578$209
27 years$1,848$1,375$1,007$728$521$179
28 years$1,763$1,296$936$667$470$154
29 years$1,684$1,222$871$612$424$132
30 years$1,610$1,154$812$562$383$114
31 years$1,541$1,091$757$516$347$98
32 years$1,477$1,032$706$474$314$84
33 years$1,417$978$659$436$284$72
34 years$1,360$927$616$401$257$62
35 years$1,307$879$576$369$233$54
36 years$1,256$834$539$340$211$46
37 years$1,209$792$504$313$191$40
38 years$1,164$753$472$289$173$34
39 years$1,122$716$442$266$157$29
40 years$1,081$681$415$246$143$25
41 years$1,043$649$389$227$129$22
42 years$1,007$618$365$209$117$19
43 years$973$588$342$193$106$16
44 years$940$561$321$178$97$14
45 years$909$535$302$165$88$12
46 years$879$510$283$152$80$10
47 years$850$487$266$140$72$9
48 years$823$465$250$130$66$8
49 years$797$444$235$120$60$7
50 years$772$424$221$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $791,000, adding $6,855 every year, while hoping to spend $38,415 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: 43/45/12 Blend
71$791,000$791,000$791,000$791,000
72$878,753$836,830$824,569$913,200
73$927,512$836,961$811,319$938,077
74$979,958$835,812$796,338$960,618
75$1,036,425$833,278$779,526$984,187
76$1,097,281$829,249$760,782$1,008,894
77$1,162,932$823,611$739,996$1,034,863
78$1,233,822$816,239$717,056$1,062,231
79$1,310,439$807,001$691,845$1,091,155
80$1,393,320$795,761$664,238$1,121,808
81$1,483,056$782,370$634,107$1,154,383
82$1,580,294$766,672$601,316$1,189,100
83$1,685,748$748,504$565,725$1,226,199
84$1,800,204$727,689$527,185$1,265,952
85$1,924,522$704,044$485,544$1,308,662
86$2,059,653$677,372$440,639$1,354,667
87$2,206,641$647,466$392,304$1,404,341
88$2,366,634$614,108$340,362$1,458,106
89$2,540,896$577,064$284,629$1,516,427
90$2,730,818$536,091$224,915$1,579,824
91$2,937,931$490,929$161,018$1,648,875
92$3,163,919$441,303$92,732$1,724,225
93$3,410,637$386,925$19,836$1,806,587
94$3,680,126$327,489$0$1,896,758
95$3,974,633$262,671$0$2,003,039
96$4,296,633$192,129$0$2,122,185
97$4,648,849$115,503$0$2,252,773
98$5,034,282$32,412$0$2,396,045
99$5,456,233$0$0$2,553,374
100$5,918,339$0$0$2,754,781