Can I retire at age 72 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$67,632$67,030$66,442$65,868$65,308$64,121
2 years$33,481$32,858$32,253$31,667$31,099$29,907
3 years$22,099$21,473$20,870$20,290$19,731$18,571
4 years$16,409$15,785$15,188$14,618$14,072$12,954
5 years$12,996$12,376$11,787$11,228$10,697$9,624
6 years$10,721$10,106$9,525$8,979$8,464$7,437
7 years$9,097$8,487$7,916$7,382$6,884$5,902
8 years$7,880$7,275$6,713$6,193$5,711$4,775
9 years$6,933$6,334$5,782$5,275$4,809$3,919
10 years$6,177$5,583$5,041$4,547$4,098$3,252
11 years$5,558$4,970$4,438$3,957$3,524$2,722
12 years$5,043$4,461$3,938$3,471$3,054$2,294
13 years$4,607$4,031$3,519$3,064$2,663$1,945
14 years$4,234$3,664$3,162$2,720$2,335$1,656
15 years$3,911$3,348$2,855$2,426$2,055$1,416
16 years$3,628$3,071$2,588$2,172$1,817$1,214
17 years$3,380$2,829$2,355$1,952$1,611$1,044
18 years$3,159$2,614$2,150$1,759$1,432$900
19 years$2,961$2,422$1,968$1,589$1,277$777
20 years$2,784$2,251$1,806$1,439$1,140$672
21 years$2,623$2,097$1,661$1,306$1,020$582
22 years$2,477$1,957$1,531$1,188$915$505
23 years$2,345$1,831$1,414$1,082$821$438
24 years$2,223$1,715$1,308$987$738$381
25 years$2,112$1,610$1,211$901$664$331
26 years$2,009$1,513$1,123$824$598$288
27 years$1,914$1,424$1,043$754$539$251
28 years$1,825$1,341$970$691$487$219
29 years$1,743$1,266$902$634$439$190
30 years$1,667$1,195$840$581$397$166
31 years$1,596$1,130$783$534$359$145
32 years$1,529$1,069$731$491$325$126
33 years$1,467$1,012$683$451$294$110
34 years$1,408$960$638$415$266$96
35 years$1,353$910$596$382$241$84
36 years$1,301$864$558$352$218$73
37 years$1,252$820$522$324$198$64
38 years$1,205$780$489$299$179$56
39 years$1,161$741$458$276$163$49
40 years$1,120$705$429$254$148$43
41 years$1,080$671$403$235$134$37
42 years$1,043$639$378$216$121$33
43 years$1,007$609$354$200$110$28
44 years$973$581$333$185$100$25
45 years$941$554$312$170$91$22
46 years$910$528$293$157$82$19
47 years$880$504$276$145$75$17
48 years$852$481$259$134$68$15
49 years$825$460$243$124$62$13
50 years$800$439$229$115$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $819,000, adding $5,076 every year, while hoping to spend $26,536 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: 64/11/25 Blend
71$819,000$819,000$819,000$819,000
72$907,774$864,367$851,672$959,611
73$972,133$878,487$851,969$1,009,354
74$1,042,167$892,409$851,387$1,060,274
75$1,118,427$906,096$849,867$1,115,318
76$1,201,519$919,508$847,351$1,174,893
77$1,292,111$932,601$843,774$1,239,449
78$1,390,936$945,328$839,070$1,309,482
79$1,498,803$957,640$833,170$1,385,537
80$1,616,601$969,485$826,002$1,468,216
81$1,745,310$980,805$817,488$1,558,186
82$1,886,006$991,539$807,549$1,656,177
83$2,039,879$1,001,624$796,101$1,762,999
84$2,208,233$1,010,991$783,057$1,879,542
85$2,392,508$1,019,565$768,326$2,006,790
86$2,594,290$1,027,269$751,810$2,145,826
87$2,815,322$1,034,019$733,410$2,297,846
88$3,057,526$1,039,728$713,021$2,464,167
89$3,323,019$1,044,300$690,532$2,646,242
90$3,614,131$1,047,635$665,829$2,845,676
91$3,933,430$1,049,627$638,792$3,064,234
92$4,283,743$1,050,162$609,295$3,303,866
93$4,668,185$1,049,120$577,207$3,566,721
94$5,090,187$1,046,373$542,389$3,855,168
95$5,553,526$1,041,786$504,700$4,171,820
96$6,062,367$1,035,214$463,988$4,519,557
97$6,621,294$1,026,506$420,098$4,901,555
98$7,235,360$1,015,498$372,865$5,321,318
99$7,910,129$1,002,020$322,118$5,782,705
100$8,651,733$985,890$267,680$6,289,974