Can I retire at age 72 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$66,311$65,720$65,144$64,582$64,032$62,894
2 years$32,827$32,216$31,623$31,049$30,492$29,349
3 years$21,667$21,053$20,462$19,893$19,345$18,233
4 years$16,089$15,476$14,891$14,332$13,797$12,725
5 years$12,742$12,134$11,556$11,008$10,488$9,458
6 years$10,512$9,908$9,339$8,803$8,299$7,313
7 years$8,920$8,321$7,761$7,238$6,749$5,807
8 years$7,726$7,132$6,582$6,072$5,599$4,701
9 years$6,798$6,210$5,669$5,172$4,715$3,860
10 years$6,056$5,474$4,942$4,458$4,018$3,205
11 years$5,449$4,873$4,351$3,880$3,455$2,685
12 years$4,944$4,374$3,862$3,403$2,994$2,264
13 years$4,517$3,953$3,450$3,004$2,611$1,920
14 years$4,151$3,593$3,100$2,667$2,289$1,636
15 years$3,834$3,282$2,799$2,379$2,015$1,400
16 years$3,558$3,011$2,538$2,130$1,781$1,201
17 years$3,314$2,773$2,309$1,914$1,579$1,034
18 years$3,097$2,563$2,108$1,724$1,404$892
19 years$2,903$2,375$1,930$1,558$1,252$770
20 years$2,729$2,207$1,771$1,411$1,118$667
21 years$2,572$2,056$1,629$1,281$1,000$578
22 years$2,429$1,919$1,501$1,165$897$502
23 years$2,299$1,795$1,386$1,061$805$436
24 years$2,180$1,682$1,282$967$724$379
25 years$2,070$1,578$1,187$883$651$330
26 years$1,969$1,483$1,101$808$586$287
27 years$1,876$1,396$1,023$739$529$250
28 years$1,790$1,315$951$677$477$218
29 years$1,709$1,241$885$621$431$190
30 years$1,635$1,172$824$570$389$166
31 years$1,565$1,108$768$524$352$145
32 years$1,499$1,048$717$481$318$127
33 years$1,438$993$669$442$288$111
34 years$1,381$941$625$407$261$97
35 years$1,326$892$585$375$236$84
36 years$1,275$847$547$345$214$74
37 years$1,227$804$512$318$194$64
38 years$1,182$764$479$293$176$56
39 years$1,139$727$449$270$160$49
40 years$1,098$692$421$249$145$43
41 years$1,059$658$395$230$131$38
42 years$1,022$627$370$212$119$33
43 years$987$597$347$196$108$29
44 years$954$569$326$181$98$25
45 years$922$543$306$167$89$22
46 years$892$518$288$154$81$19
47 years$863$494$270$143$73$17
48 years$836$472$254$132$67$15
49 years$809$451$239$122$61$13
50 years$784$430$224$113$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $803,000, adding $3,255 every year, while hoping to spend $25,577 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: 48/31/21 Blend
71$803,000$803,000$803,000$803,000
72$888,264$845,705$833,258$925,478
73$951,653$859,930$833,958$965,962
74$1,020,650$873,996$833,825$1,007,065
75$1,095,801$887,867$832,803$1,051,169
76$1,177,706$901,505$830,835$1,098,566
77$1,267,024$914,870$827,860$1,149,579
78$1,364,482$927,920$823,814$1,204,565
79$1,470,879$940,609$818,632$1,263,918
80$1,587,097$952,887$812,244$1,328,072
81$1,714,103$964,701$804,577$1,397,507
82$1,852,966$975,995$795,555$1,472,753
83$2,004,859$986,710$785,097$1,554,394
84$2,171,077$996,781$773,120$1,643,075
85$2,353,043$1,006,139$759,535$1,739,509
86$2,552,326$1,014,713$744,252$1,844,481
87$2,770,653$1,022,423$727,174$1,958,859
88$3,009,926$1,029,188$708,201$2,083,601
89$3,272,239$1,034,919$687,227$2,219,763
90$3,559,901$1,039,524$664,142$2,368,512
91$3,875,452$1,042,901$638,832$2,531,134
92$4,221,690$1,044,946$611,175$2,709,050
93$4,601,700$1,045,546$581,047$2,903,826
94$5,018,877$1,044,581$548,315$3,117,192
95$5,476,962$1,041,925$512,843$3,351,055
96$5,980,075$1,037,442$474,487$3,607,520
97$6,532,757$1,030,991$433,096$3,888,910
98$7,140,007$1,022,419$388,514$4,197,786
99$7,807,336$1,011,565$340,577$4,536,975
100$8,540,812$998,260$289,115$4,909,596