Can I retire at age 72 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$65,485$64,902$64,333$63,777$63,235$62,731
2 years$32,418$31,815$31,230$30,662$30,112$29,604
3 years$21,398$20,791$20,208$19,646$19,104$18,608
4 years$15,888$15,284$14,706$14,154$13,625$13,145
5 years$12,584$11,983$11,412$10,871$10,358$9,894
6 years$10,381$9,785$9,223$8,694$8,196$7,750
7 years$8,809$8,217$7,664$7,148$6,665$6,237
8 years$7,630$7,044$6,500$5,996$5,530$5,119
9 years$6,713$6,133$5,598$5,107$4,657$4,264
10 years$5,981$5,406$4,881$4,403$3,968$3,592
11 years$5,381$4,812$4,297$3,832$3,412$3,054
12 years$4,883$4,319$3,813$3,361$2,957$2,615
13 years$4,461$3,903$3,407$2,967$2,579$2,253
14 years$4,100$3,548$3,061$2,634$2,260$1,951
15 years$3,787$3,241$2,764$2,349$1,990$1,696
16 years$3,513$2,974$2,506$2,103$1,759$1,480
17 years$3,272$2,739$2,280$1,890$1,560$1,295
18 years$3,058$2,531$2,082$1,703$1,387$1,137
19 years$2,867$2,345$1,906$1,539$1,236$1,000
20 years$2,695$2,180$1,749$1,394$1,104$881
21 years$2,540$2,030$1,609$1,265$988$777
22 years$2,399$1,895$1,483$1,150$886$687
23 years$2,270$1,772$1,369$1,047$795$608
24 years$2,153$1,661$1,266$955$715$539
25 years$2,044$1,558$1,173$872$643$478
26 years$1,945$1,465$1,088$798$579$424
27 years$1,853$1,378$1,010$730$522$377
28 years$1,767$1,299$939$669$471$335
29 years$1,688$1,225$874$613$425$298
30 years$1,614$1,157$814$563$384$265
31 years$1,545$1,094$759$517$348$236
32 years$1,481$1,035$708$475$314$210
33 years$1,420$980$661$437$285$187
34 years$1,363$929$617$402$258$167
35 years$1,310$881$577$370$233$149
36 years$1,259$836$540$341$211$133
37 years$1,212$794$505$314$192$118
38 years$1,167$755$473$289$174$106
39 years$1,124$718$443$267$158$94
40 years$1,084$683$416$246$143$84
41 years$1,046$650$390$227$130$75
42 years$1,010$619$366$210$118$67
43 years$975$590$343$194$107$60
44 years$942$562$322$179$97$53
45 years$911$536$302$165$88$48
46 years$881$512$284$152$80$43
47 years$852$488$267$141$73$38
48 years$825$466$251$130$66$34
49 years$799$445$236$120$60$30
50 years$774$425$222$111$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $793,000, adding $6,275 every year, while hoping to spend $50,259 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: 24/49/27 Blend
71$793,000$793,000$793,000$793,000
72$880,359$838,330$826,038$893,877
73$916,680$825,933$800,235$893,360
74$955,022$811,244$771,883$888,135
75$995,537$794,097$740,844$881,476
76$1,038,392$774,319$706,973$873,296
77$1,083,770$751,722$670,119$863,505
78$1,131,869$726,111$630,123$852,011
79$1,182,908$697,279$586,820$838,719
80$1,237,123$665,004$540,037$823,531
81$1,294,776$629,056$489,594$806,345
82$1,356,150$589,186$435,303$787,059
83$1,421,558$545,137$376,966$765,565
84$1,491,340$496,632$314,377$741,756
85$1,565,871$443,381$247,323$715,522
86$1,645,560$385,077$175,578$686,750
87$1,730,856$321,395$98,909$655,327
88$1,822,252$251,992$17,072$621,139
89$1,920,289$176,506$0$584,071
90$2,025,558$94,555$0$564,253
91$2,138,711$5,734$0$547,892
92$2,260,461$0$0$530,036
93$2,391,594$0$0$559,393
94$2,532,970$0$0$594,480
95$2,685,535$0$0$632,454
96$2,850,329$0$0$673,588
97$3,028,495$0$0$718,181
98$3,221,288$0$0$766,562
99$3,430,088$0$0$819,096
100$3,656,413$0$0$876,179