Can I retire at age 72 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$67,219$66,621$66,036$65,466$64,910$63,940
2 years$33,277$32,657$32,057$31,474$30,909$29,934
3 years$21,964$21,342$20,743$20,166$19,610$18,660
4 years$16,309$15,688$15,095$14,528$13,986$13,069
5 years$12,917$12,300$11,715$11,159$10,632$9,750
6 years$10,656$10,044$9,467$8,924$8,413$7,567
7 years$9,042$8,435$7,867$7,337$6,842$6,033
8 years$7,832$7,230$6,672$6,155$5,676$4,903
9 years$6,891$6,295$5,747$5,243$4,780$4,043
10 years$6,139$5,549$5,010$4,519$4,073$3,372
11 years$5,524$4,940$4,411$3,933$3,503$2,836
12 years$5,012$4,434$3,914$3,450$3,035$2,403
13 years$4,579$4,007$3,497$3,046$2,647$2,047
14 years$4,208$3,642$3,142$2,704$2,320$1,753
15 years$3,887$3,327$2,837$2,411$2,043$1,507
16 years$3,606$3,053$2,572$2,159$1,806$1,299
17 years$3,359$2,811$2,341$1,940$1,601$1,124
18 years$3,139$2,598$2,137$1,748$1,423$974
19 years$2,943$2,408$1,956$1,580$1,269$846
20 years$2,767$2,237$1,795$1,431$1,133$736
21 years$2,607$2,084$1,651$1,298$1,014$642
22 years$2,462$1,945$1,522$1,180$909$560
23 years$2,330$1,819$1,405$1,075$816$489
24 years$2,210$1,705$1,300$981$733$428
25 years$2,099$1,600$1,204$895$660$374
26 years$1,996$1,503$1,116$819$595$328
27 years$1,902$1,415$1,037$749$536$287
28 years$1,814$1,333$964$687$484$252
29 years$1,733$1,258$897$630$437$221
30 years$1,657$1,188$835$578$395$194
31 years$1,586$1,123$779$531$357$170
32 years$1,520$1,063$727$488$323$149
33 years$1,458$1,006$678$449$292$131
34 years$1,399$954$634$413$264$115
35 years$1,345$905$593$380$239$101
36 years$1,293$859$554$350$217$89
37 years$1,244$815$519$322$197$78
38 years$1,198$775$486$297$178$69
39 years$1,154$737$455$274$162$61
40 years$1,113$701$427$253$147$53
41 years$1,074$667$400$233$133$47
42 years$1,036$636$375$215$121$41
43 years$1,001$606$352$199$110$36
44 years$967$577$331$183$99$32
45 years$935$550$310$169$90$28
46 years$904$525$292$156$82$25
47 years$875$501$274$145$74$22
48 years$847$478$257$134$68$19
49 years$820$457$242$123$61$17
50 years$795$436$227$114$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $814,000, adding $3,346 every year, while hoping to spend $39,929 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: 56/33/11 Blend
71$814,000$814,000$814,000$814,000
72$900,479$857,337$844,720$948,255
73$949,844$856,863$830,534$980,478
74$1,002,906$855,027$814,535$1,010,871
75$1,059,999$851,720$796,619$1,043,030
76$1,121,493$846,828$776,679$1,077,128
77$1,187,790$840,227$754,602$1,113,359
78$1,259,334$831,788$730,271$1,151,940
79$1,336,612$821,372$703,562$1,193,108
80$1,420,162$808,834$674,346$1,237,131
81$1,510,570$794,019$642,489$1,284,301
82$1,608,486$776,763$607,849$1,334,947
83$1,714,619$756,892$570,280$1,389,431
84$1,829,753$734,223$529,628$1,448,154
85$1,954,749$708,561$485,731$1,511,562
86$2,090,552$679,699$438,422$1,580,149
87$2,238,205$647,421$387,525$1,654,463
88$2,398,852$611,495$332,858$1,735,109
89$2,573,755$571,678$274,228$1,822,760
90$2,764,299$527,711$211,436$1,918,160
91$2,972,011$479,323$144,273$2,022,132
92$3,198,572$426,225$72,521$2,135,589
93$3,445,829$368,113$0$2,259,540
94$3,715,818$304,665$0$2,395,580
95$4,010,779$235,541$0$2,553,584
96$4,333,178$160,382$0$2,726,428
97$4,685,732$78,810$0$2,915,657
98$5,071,428$0$0$3,122,978
99$5,493,560$0$0$3,353,753
100$5,955,751$0$0$3,637,833