Can I retire at age 72 with 818,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$67,550$66,948$66,361$65,788$65,228$63,807
2 years$33,440$32,818$32,214$31,629$31,061$29,636
3 years$22,072$21,447$20,845$20,265$19,706$18,323
4 years$16,389$15,766$15,170$14,600$14,055$12,723
5 years$12,980$12,360$11,772$11,214$10,684$9,408
6 years$10,708$10,093$9,514$8,968$8,454$7,234
7 years$9,086$8,476$7,906$7,373$6,875$5,712
8 years$7,870$7,266$6,705$6,185$5,704$4,597
9 years$6,925$6,326$5,775$5,268$4,803$3,753
10 years$6,169$5,576$5,035$4,541$4,093$3,097
11 years$5,551$4,964$4,432$3,952$3,520$2,577
12 years$5,036$4,456$3,934$3,467$3,050$2,160
13 years$4,601$4,027$3,514$3,061$2,660$1,820
14 years$4,229$3,660$3,158$2,717$2,332$1,540
15 years$3,906$3,343$2,851$2,423$2,053$1,308
16 years$3,624$3,068$2,585$2,169$1,814$1,115
17 years$3,375$2,825$2,352$1,949$1,609$953
18 years$3,155$2,611$2,147$1,757$1,430$816
19 years$2,957$2,419$1,966$1,587$1,275$700
20 years$2,780$2,248$1,804$1,438$1,139$601
21 years$2,620$2,094$1,659$1,305$1,019$517
22 years$2,474$1,955$1,529$1,186$914$445
23 years$2,342$1,828$1,412$1,080$820$384
24 years$2,220$1,713$1,306$985$737$331
25 years$2,109$1,608$1,210$900$663$286
26 years$2,006$1,511$1,122$823$597$247
27 years$1,911$1,422$1,042$753$539$214
28 years$1,823$1,340$968$690$486$185
29 years$1,741$1,264$901$633$439$160
30 years$1,665$1,194$839$581$397$138
31 years$1,594$1,128$783$533$359$120
32 years$1,527$1,068$730$490$324$104
33 years$1,465$1,011$682$451$293$90
34 years$1,406$958$637$415$266$78
35 years$1,351$909$596$382$241$67
36 years$1,299$863$557$352$218$58
37 years$1,250$819$521$324$198$51
38 years$1,204$779$488$299$179$44
39 years$1,160$741$457$275$162$38
40 years$1,118$705$429$254$147$33
41 years$1,079$671$402$234$134$29
42 years$1,041$639$377$216$121$25
43 years$1,006$609$354$200$110$21
44 years$972$580$332$184$100$19
45 years$940$553$312$170$91$16
46 years$909$528$293$157$82$14
47 years$879$504$275$145$75$12
48 years$851$481$259$134$68$11
49 years$824$459$243$124$62$9
50 years$799$439$229$115$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $818,000, adding $6,141 every year, while hoping to spend $23,949 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: 76/13/11 Blend
71$818,000$818,000$818,000$818,000
72$907,770$864,416$851,737$974,431
73$974,881$881,291$854,789$1,036,073
74$1,048,035$898,190$857,140$1,099,982
75$1,127,823$915,090$858,742$1,169,365
76$1,214,894$931,963$859,544$1,244,756
77$1,309,966$948,782$859,492$1,326,746
78$1,413,827$965,516$858,529$1,415,984
79$1,527,344$982,133$856,596$1,513,185
80$1,651,473$998,598$853,632$1,619,139
81$1,787,267$1,014,872$849,572$1,734,713
82$1,935,882$1,030,915$844,346$1,860,865
83$2,098,595$1,046,682$837,885$1,998,649
84$2,276,810$1,062,128$830,113$2,149,226
85$2,472,074$1,077,202$820,951$2,313,877
86$2,686,090$1,091,850$810,317$2,494,010
87$2,920,735$1,106,014$798,127$2,691,181
88$3,178,074$1,119,633$784,288$2,907,100
89$3,460,384$1,132,641$768,708$3,143,655
90$3,770,171$1,144,969$751,288$3,402,924
91$4,110,197$1,156,540$731,924$3,687,198
92$4,483,502$1,167,276$710,509$3,999,001
93$4,893,437$1,177,091$686,929$4,341,115
94$5,343,694$1,185,894$661,067$4,716,604
95$5,838,337$1,193,589$632,799$5,128,848
96$6,381,845$1,200,073$601,996$5,581,569
97$6,979,154$1,205,237$568,523$6,078,869
98$7,635,698$1,208,964$532,239$6,625,269
99$8,357,467$1,211,131$492,997$7,225,752
100$9,151,058$1,211,606$450,642$7,885,808