Can I retire at age 72 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$67,715$67,112$66,523$65,949$65,388$64,786
2 years$33,522$32,898$32,293$31,706$31,137$30,531
3 years$22,126$21,499$20,896$20,314$19,755$19,162
4 years$16,429$15,804$15,207$14,635$14,089$13,516
5 years$13,012$12,391$11,801$11,241$10,710$10,158
6 years$10,735$10,118$9,537$8,990$8,475$7,943
7 years$9,108$8,497$7,925$7,391$6,892$6,382
8 years$7,889$7,283$6,721$6,200$5,718$5,229
9 years$6,942$6,342$5,789$5,281$4,815$4,348
10 years$6,184$5,590$5,047$4,552$4,103$3,656
11 years$5,565$4,976$4,443$3,962$3,529$3,103
12 years$5,049$4,466$3,943$3,475$3,058$2,652
13 years$4,613$4,036$3,523$3,068$2,666$2,280
14 years$4,239$3,669$3,165$2,723$2,337$1,971
15 years$3,916$3,352$2,858$2,429$2,058$1,710
16 years$3,633$3,075$2,591$2,175$1,819$1,489
17 years$3,384$2,832$2,358$1,954$1,613$1,301
18 years$3,162$2,617$2,152$1,761$1,434$1,139
19 years$2,965$2,425$1,970$1,591$1,278$999
20 years$2,787$2,254$1,808$1,441$1,142$879
21 years$2,626$2,099$1,663$1,308$1,022$774
22 years$2,480$1,960$1,533$1,189$916$682
23 years$2,348$1,833$1,416$1,083$822$602
24 years$2,226$1,717$1,309$988$739$533
25 years$2,114$1,611$1,212$902$665$471
26 years$2,011$1,515$1,125$825$599$417
27 years$1,916$1,425$1,044$755$540$370
28 years$1,828$1,343$971$692$487$328
29 years$1,746$1,267$903$634$440$291
30 years$1,669$1,197$841$582$398$258
31 years$1,598$1,131$784$535$359$229
32 years$1,531$1,070$732$491$325$204
33 years$1,468$1,014$683$452$294$181
34 years$1,410$961$639$416$266$161
35 years$1,354$911$597$383$241$143
36 years$1,302$865$558$352$219$127
37 years$1,253$821$523$325$198$113
38 years$1,207$781$489$299$180$101
39 years$1,163$742$459$276$163$90
40 years$1,121$706$430$255$148$80
41 years$1,082$672$403$235$134$71
42 years$1,044$640$378$217$122$63
43 years$1,008$610$355$200$110$56
44 years$974$581$333$185$100$50
45 years$942$555$313$171$91$45
46 years$911$529$294$158$83$40
47 years$882$505$276$146$75$35
48 years$853$482$259$135$68$32
49 years$826$460$244$124$62$28
50 years$801$440$229$115$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $820,000, adding $2,781 every year, while hoping to spend $59,858 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: 73/16/11 Blend
71$820,000$820,000$820,000$820,000
72$906,509$863,049$850,339$970,528
73$935,284$841,650$815,136$991,806
74$964,988$817,196$776,749$1,007,406
75$995,653$789,474$735,006$1,022,854
76$1,027,311$758,260$689,730$1,038,119
77$1,059,997$723,314$640,736$1,053,167
78$1,093,745$684,385$587,829$1,067,963
79$1,128,592$641,206$530,807$1,082,468
80$1,164,578$593,494$469,458$1,096,643
81$1,201,742$540,952$403,562$1,110,444
82$1,240,125$483,264$332,886$1,123,825
83$1,279,771$420,097$257,191$1,136,740
84$1,320,725$351,100$176,225$1,149,136
85$1,363,035$275,900$89,724$1,160,960
86$1,406,750$194,104$0$1,172,154
87$1,451,921$105,298$0$1,182,962
88$1,498,603$9,043$0$1,204,274
89$1,546,851$0$0$1,225,517
90$1,596,726$0$0$1,263,403
91$1,648,289$0$0$1,304,218
92$1,701,605$0$0$1,346,424
93$1,756,744$0$0$1,390,073
94$1,813,776$0$0$1,435,224
95$1,872,777$0$0$1,481,935
96$1,933,827$0$0$1,530,272
97$1,997,010$0$0$1,580,299
98$2,062,415$0$0$1,632,089
99$2,130,135$0$0$1,685,715
100$2,200,269$0$0$1,741,257