Can I retire at age 72 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$66,724$66,130$65,550$64,984$64,431$63,945
2 years$33,032$32,416$31,820$31,242$30,681$30,191
3 years$21,802$21,185$20,590$20,017$19,466$18,986
4 years$16,189$15,573$14,984$14,421$13,883$13,419
5 years$12,822$12,209$11,628$11,077$10,554$10,106
6 years$10,577$9,970$9,397$8,858$8,351$7,920
7 years$8,975$8,373$7,809$7,283$6,791$6,377
8 years$7,774$7,177$6,623$6,109$5,634$5,237
9 years$6,840$6,249$5,704$5,204$4,745$4,364
10 years$6,094$5,508$4,973$4,486$4,043$3,679
11 years$5,483$4,903$4,378$3,904$3,477$3,130
12 years$4,975$4,401$3,886$3,424$3,013$2,682
13 years$4,545$3,977$3,472$3,023$2,627$2,312
14 years$4,177$3,615$3,119$2,684$2,303$2,003
15 years$3,858$3,303$2,816$2,393$2,028$1,743
16 years$3,580$3,030$2,553$2,143$1,792$1,522
17 years$3,334$2,791$2,323$1,925$1,589$1,333
18 years$3,116$2,579$2,121$1,735$1,413$1,170
19 years$2,921$2,390$1,942$1,568$1,259$1,030
20 years$2,746$2,221$1,782$1,420$1,125$908
21 years$2,588$2,069$1,639$1,289$1,007$802
22 years$2,444$1,931$1,511$1,172$902$710
23 years$2,313$1,806$1,395$1,067$810$628
24 years$2,193$1,692$1,290$973$728$557
25 years$2,083$1,588$1,195$889$655$495
26 years$1,982$1,492$1,108$813$590$439
27 years$1,888$1,404$1,029$744$532$391
28 years$1,801$1,323$957$682$480$347
29 years$1,720$1,249$890$625$433$309
30 years$1,645$1,179$829$574$392$275
31 years$1,574$1,115$773$527$354$245
32 years$1,509$1,055$721$484$320$219
33 years$1,447$999$673$445$290$195
34 years$1,389$947$629$410$262$174
35 years$1,335$898$588$377$238$155
36 years$1,283$852$550$347$215$139
37 years$1,235$809$515$320$195$124
38 years$1,189$769$482$295$177$110
39 years$1,146$731$452$272$160$99
40 years$1,105$696$424$251$146$88
41 years$1,066$662$397$231$132$79
42 years$1,029$631$373$214$120$70
43 years$994$601$350$197$109$63
44 years$960$573$328$182$99$56
45 years$928$546$308$168$90$50
46 years$898$521$289$155$81$45
47 years$869$497$272$143$74$40
48 years$841$475$255$133$67$36
49 years$814$453$240$123$61$32
50 years$789$433$226$113$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $808,000, adding $4,425 every year, while hoping to spend $23,228 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: 48/43/9 Blend
71$808,000$808,000$808,000$808,000
72$894,980$852,156$839,632$935,556
73$961,554$869,198$843,046$980,914
74$1,034,140$886,295$845,795$1,027,333
75$1,113,326$903,428$847,833$1,077,196
76$1,199,761$920,572$849,111$1,130,829
77$1,294,158$937,701$849,578$1,188,594
78$1,397,302$954,788$849,178$1,250,888
79$1,510,058$971,804$847,857$1,318,149
80$1,633,377$988,715$845,553$1,390,863
81$1,768,307$1,005,488$842,205$1,469,561
82$1,916,002$1,022,085$837,747$1,554,830
83$2,077,734$1,038,467$832,111$1,647,320
84$2,254,900$1,054,589$825,224$1,747,743
85$2,449,042$1,070,406$817,011$1,856,887
86$2,661,857$1,085,869$807,394$1,975,620
87$2,895,215$1,100,924$796,290$2,104,900
88$3,151,172$1,115,516$783,611$2,245,782
89$3,431,998$1,129,582$769,269$2,399,429
90$3,740,190$1,143,060$753,167$2,567,125
91$4,078,498$1,155,878$735,207$2,750,284
92$4,449,953$1,167,964$715,284$2,950,467
93$4,857,893$1,179,239$693,291$3,169,394
94$5,305,995$1,189,619$669,113$3,408,961
95$5,798,311$1,199,015$642,633$3,671,260
96$6,339,302$1,207,330$613,725$3,958,597
97$6,933,886$1,214,464$582,259$4,273,516
98$7,587,478$1,220,309$548,101$4,618,819
99$8,306,047$1,224,750$511,109$4,997,599
100$9,096,166$1,227,665$471,133$5,413,264