Can I retire at age 72 with 819,000?

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 $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%17%
1 years$67,632$67,030$66,442$65,868$65,308$63,447
2 years$33,481$32,858$32,253$31,667$31,099$29,238
3 years$22,099$21,473$20,870$20,290$19,731$17,928
4 years$16,409$15,785$15,188$14,618$14,072$12,342
5 years$12,996$12,376$11,787$11,228$10,697$9,045
6 years$10,721$10,106$9,525$8,979$8,464$6,891
7 years$9,097$8,487$7,916$7,382$6,884$5,390
8 years$7,880$7,275$6,713$6,193$5,711$4,295
9 years$6,933$6,334$5,782$5,275$4,809$3,470
10 years$6,177$5,583$5,041$4,547$4,098$2,833
11 years$5,558$4,970$4,438$3,957$3,524$2,333
12 years$5,043$4,461$3,938$3,471$3,054$1,933
13 years$4,607$4,031$3,519$3,064$2,663$1,610
14 years$4,234$3,664$3,162$2,720$2,335$1,347
15 years$3,911$3,348$2,855$2,426$2,055$1,131
16 years$3,628$3,071$2,588$2,172$1,817$952
17 years$3,380$2,829$2,355$1,952$1,611$803
18 years$3,159$2,614$2,150$1,759$1,432$679
19 years$2,961$2,422$1,968$1,589$1,277$575
20 years$2,784$2,251$1,806$1,439$1,140$488
21 years$2,623$2,097$1,661$1,306$1,020$414
22 years$2,477$1,957$1,531$1,188$915$352
23 years$2,345$1,831$1,414$1,082$821$300
24 years$2,223$1,715$1,308$987$738$255
25 years$2,112$1,610$1,211$901$664$217
26 years$2,009$1,513$1,123$824$598$185
27 years$1,914$1,424$1,043$754$539$158
28 years$1,825$1,341$970$691$487$135
29 years$1,743$1,266$902$634$439$115
30 years$1,667$1,195$840$581$397$98
31 years$1,596$1,130$783$534$359$84
32 years$1,529$1,069$731$491$325$71
33 years$1,467$1,012$683$451$294$61
34 years$1,408$960$638$415$266$52
35 years$1,353$910$596$382$241$44
36 years$1,301$864$558$352$218$38
37 years$1,252$820$522$324$198$32
38 years$1,205$780$489$299$179$28
39 years$1,161$741$458$276$163$24
40 years$1,120$705$429$254$148$20
41 years$1,080$671$403$235$134$17
42 years$1,043$639$378$216$121$15
43 years$1,007$609$354$200$110$13
44 years$973$581$333$185$100$11
45 years$941$554$312$170$91$9
46 years$910$528$293$157$82$8
47 years$880$504$276$145$75$7
48 years$852$481$259$134$68$6
49 years$825$460$243$124$62$5
50 years$800$439$229$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $819,000, adding $5,393 every year, while hoping to spend $27,761 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: 71/7/22 Blend
71$819,000$819,000$819,000$819,000
72$908,101$864,694$851,999$967,267
73$971,190$877,526$851,004$1,020,266
74$1,039,783$890,057$849,045$1,074,487
75$1,114,413$902,242$846,060$1,133,175
76$1,195,666$914,035$841,985$1,196,770
77$1,284,185$925,384$836,753$1,265,758
78$1,380,680$936,235$830,292$1,340,673
79$1,485,930$946,532$822,528$1,422,105
80$1,600,796$956,213$813,384$1,510,703
81$1,726,222$965,212$802,777$1,607,184
82$1,863,249$973,460$790,622$1,712,337
83$2,013,022$980,881$776,830$1,827,035
84$2,176,804$987,398$761,307$1,952,235
85$2,355,983$992,925$743,956$2,088,998
86$2,552,088$997,373$724,673$2,238,489
87$2,766,803$1,000,647$703,352$2,401,995
88$3,001,983$1,002,644$679,880$2,580,934
89$3,259,669$1,003,258$654,140$2,776,869
90$3,542,112$1,002,374$626,010$2,991,524
91$3,851,787$999,870$595,361$3,226,799
92$4,191,423$995,618$562,060$3,484,788
93$4,564,025$989,480$525,965$3,767,801
94$4,972,902$981,311$486,932$4,078,384
95$5,421,700$970,957$444,806$4,419,342
96$5,914,434$958,254$399,428$4,793,770
97$6,455,529$943,031$350,631$5,205,079
98$7,049,856$925,103$298,240$5,657,027
99$7,702,785$904,277$242,075$6,153,760
100$8,420,228$880,346$181,944$6,699,846