Can I retire at age 72 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$66,146$65,557$64,982$64,421$63,873$61,952
2 years$32,745$32,136$31,545$30,972$30,416$28,497
3 years$21,613$21,001$20,411$19,844$19,297$17,440
4 years$16,049$15,438$14,854$14,296$13,763$11,982
5 years$12,710$12,104$11,528$10,981$10,462$8,763
6 years$10,486$9,883$9,316$8,782$8,278$6,661
7 years$8,897$8,300$7,742$7,220$6,733$5,198
8 years$7,707$7,115$6,565$6,056$5,585$4,132
9 years$6,781$6,195$5,655$5,159$4,704$3,331
10 years$6,041$5,460$4,930$4,447$4,008$2,713
11 years$5,436$4,861$4,340$3,870$3,447$2,228
12 years$4,932$4,363$3,852$3,395$2,987$1,841
13 years$4,506$3,943$3,441$2,997$2,605$1,529
14 years$4,141$3,584$3,092$2,660$2,283$1,276
15 years$3,825$3,274$2,792$2,373$2,010$1,068
16 years$3,549$3,004$2,531$2,124$1,777$897
17 years$3,305$2,766$2,303$1,909$1,575$754
18 years$3,089$2,556$2,103$1,720$1,401$636
19 years$2,896$2,369$1,925$1,554$1,249$537
20 years$2,722$2,202$1,767$1,408$1,115$454
21 years$2,565$2,051$1,625$1,278$998$384
22 years$2,423$1,914$1,498$1,162$895$326
23 years$2,293$1,790$1,383$1,058$803$276
24 years$2,174$1,677$1,279$965$722$234
25 years$2,065$1,574$1,184$881$649$199
26 years$1,964$1,479$1,098$806$585$169
27 years$1,871$1,392$1,020$737$527$144
28 years$1,785$1,312$948$676$476$122
29 years$1,705$1,238$882$620$430$104
30 years$1,630$1,169$822$569$388$88
31 years$1,561$1,105$766$522$351$75
32 years$1,496$1,046$715$480$318$64
33 years$1,434$990$668$441$287$54
34 years$1,377$938$624$406$260$46
35 years$1,323$890$583$374$236$39
36 years$1,272$845$546$344$214$34
37 years$1,224$802$511$317$194$29
38 years$1,179$763$478$292$175$24
39 years$1,136$725$448$270$159$21
40 years$1,095$690$420$249$144$18
41 years$1,056$657$394$229$131$15
42 years$1,020$625$369$212$119$13
43 years$985$596$347$195$108$11
44 years$952$568$325$180$98$9
45 years$920$542$305$167$89$8
46 years$890$517$287$154$81$7
47 years$861$493$270$142$73$6
48 years$834$471$253$131$67$5
49 years$807$450$238$121$60$4
50 years$782$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $801,000, adding $6,630 every year, while hoping to spend $37,841 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: 43/36/21 Blend
71$801,000$801,000$801,000$801,000
72$889,541$847,088$834,672$922,096
73$940,011$848,333$822,371$947,041
74$994,362$848,370$808,390$969,862
75$1,052,948$847,101$792,632$993,814
76$1,116,160$844,421$774,997$1,019,020
77$1,184,428$840,217$755,379$1,045,620
78$1,258,223$834,371$733,668$1,073,768
79$1,338,065$826,758$709,748$1,103,637
80$1,424,523$817,245$683,500$1,135,421
81$1,518,223$805,689$654,797$1,169,336
82$1,619,856$791,942$623,506$1,205,625
83$1,730,179$775,844$589,491$1,244,555
84$1,850,025$757,229$552,607$1,286,429
85$1,980,312$735,917$512,703$1,331,580
86$2,122,047$711,721$469,623$1,380,382
87$2,276,342$684,441$423,201$1,433,249
88$2,444,417$653,866$373,266$1,490,643
89$2,627,616$619,774$319,639$1,553,079
90$2,827,418$581,928$262,132$1,621,127
91$3,045,451$540,080$200,550$1,695,422
92$3,283,507$493,963$134,689$1,776,669
93$3,543,559$443,302$64,335$1,865,653
94$3,827,777$387,799$0$1,963,242
95$4,138,553$327,144$0$2,072,808
96$4,478,519$261,008$0$2,208,556
97$4,850,574$189,043$0$2,357,297
98$5,257,908$110,881$0$2,520,403
99$5,704,037$26,137$0$2,699,394
100$6,192,830$0$0$2,895,947