Can I retire at age 72 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$65,650$65,066$64,495$63,938$63,394$62,038
2 years$32,500$31,895$31,308$30,740$30,188$28,828
3 years$21,452$20,844$20,259$19,695$19,152$17,832
4 years$15,928$15,322$14,743$14,189$13,660$12,388
5 years$12,615$12,013$11,441$10,899$10,384$9,165
6 years$10,407$9,809$9,246$8,716$8,216$7,051
7 years$8,831$8,238$7,684$7,166$6,682$5,571
8 years$7,649$7,061$6,516$6,011$5,543$4,486
9 years$6,730$6,148$5,613$5,120$4,668$3,664
10 years$5,996$5,419$4,893$4,414$3,978$3,026
11 years$5,395$4,825$4,308$3,841$3,421$2,520
12 years$4,895$4,330$3,823$3,369$2,965$2,113
13 years$4,472$3,913$3,416$2,975$2,585$1,781
14 years$4,110$3,557$3,069$2,640$2,266$1,509
15 years$3,796$3,249$2,771$2,355$1,995$1,283
16 years$3,522$2,981$2,512$2,108$1,763$1,094
17 years$3,281$2,746$2,286$1,894$1,564$935
18 years$3,066$2,537$2,087$1,707$1,390$801
19 years$2,874$2,351$1,910$1,543$1,239$688
20 years$2,702$2,185$1,753$1,397$1,107$591
21 years$2,546$2,035$1,613$1,268$990$509
22 years$2,405$1,900$1,486$1,153$888$439
23 years$2,276$1,777$1,372$1,050$797$379
24 years$2,158$1,665$1,269$958$716$327
25 years$2,050$1,562$1,176$875$645$282
26 years$1,950$1,468$1,090$800$581$244
27 years$1,857$1,382$1,012$732$523$211
28 years$1,772$1,302$941$671$472$183
29 years$1,692$1,228$876$615$427$158
30 years$1,618$1,160$816$564$385$137
31 years$1,549$1,097$761$518$348$119
32 years$1,484$1,038$710$476$315$103
33 years$1,424$983$663$438$285$89
34 years$1,367$931$619$403$258$77
35 years$1,313$883$579$371$234$67
36 years$1,263$838$541$342$212$58
37 years$1,215$796$507$315$192$50
38 years$1,170$757$475$290$174$44
39 years$1,127$720$445$268$158$38
40 years$1,087$685$417$247$143$33
41 years$1,049$652$391$228$130$29
42 years$1,012$621$367$210$118$25
43 years$978$591$344$194$107$22
44 years$945$564$323$179$97$19
45 years$913$538$303$165$88$16
46 years$883$513$285$153$80$14
47 years$855$489$268$141$73$12
48 years$827$467$251$130$66$11
49 years$801$446$236$121$60$9
50 years$776$426$222$111$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $795,000, adding $5,082 every year, while hoping to spend $28,410 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: 41/39/20 Blend
71$795,000$795,000$795,000$795,000
72$881,332$839,197$826,875$912,088
73$941,000$850,090$824,347$945,380
74$1,005,802$860,564$820,782$978,271
75$1,076,231$870,569$816,116$1,013,288
76$1,152,831$880,052$810,281$1,050,639
77$1,236,199$888,954$803,204$1,090,556
78$1,326,993$897,214$794,813$1,133,296
79$1,425,936$904,767$785,029$1,179,144
80$1,533,824$911,543$773,770$1,228,412
81$1,651,534$917,468$760,951$1,281,450
82$1,780,030$922,464$746,482$1,338,643
83$1,920,374$926,445$730,270$1,400,416
84$2,073,734$929,323$712,216$1,467,240
85$2,241,398$931,003$692,218$1,539,638
86$2,424,782$931,383$670,169$1,618,186
87$2,625,446$930,357$645,956$1,703,522
88$2,845,108$927,811$619,462$1,796,351
89$3,085,659$923,624$590,564$1,897,454
90$3,349,182$917,668$559,134$2,007,691
91$3,637,972$909,807$525,038$2,128,018
92$3,954,554$899,896$488,136$2,259,486
93$4,301,711$887,784$448,281$2,403,261
94$4,682,507$873,307$405,321$2,560,630
95$5,100,319$856,295$359,094$2,733,014
96$5,558,863$836,565$309,436$2,921,985
97$6,062,235$813,925$256,171$3,129,278
98$6,614,948$788,172$199,117$3,356,811
99$7,221,969$759,089$138,084$3,606,702
100$7,888,774$726,448$72,874$3,881,289