Can I retire at age 72 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$67,963$67,357$66,767$66,190$65,627$65,323
2 years$33,645$33,018$32,411$31,822$31,251$30,944
3 years$22,207$21,578$20,972$20,389$19,827$19,527
4 years$16,489$15,862$15,262$14,689$14,141$13,849
5 years$13,060$12,436$11,844$11,283$10,750$10,468
6 years$10,774$10,155$9,572$9,023$8,506$8,235
7 years$9,142$8,528$7,954$7,418$6,917$6,657
8 years$7,918$7,310$6,746$6,223$5,739$5,488
9 years$6,967$6,365$5,810$5,300$4,833$4,592
10 years$6,207$5,610$5,065$4,569$4,118$3,888
11 years$5,585$4,994$4,460$3,976$3,541$3,321
12 years$5,067$4,483$3,958$3,488$3,069$2,859
13 years$4,629$4,051$3,536$3,079$2,676$2,476
14 years$4,255$3,682$3,177$2,733$2,346$2,155
15 years$3,930$3,364$2,868$2,438$2,066$1,884
16 years$3,646$3,086$2,601$2,183$1,826$1,652
17 years$3,396$2,842$2,367$1,961$1,619$1,454
18 years$3,174$2,626$2,160$1,767$1,439$1,283
19 years$2,976$2,434$1,978$1,597$1,283$1,135
20 years$2,797$2,262$1,815$1,446$1,146$1,006
21 years$2,636$2,107$1,669$1,313$1,025$893
22 years$2,490$1,967$1,539$1,194$919$794
23 years$2,356$1,839$1,421$1,087$825$707
24 years$2,234$1,723$1,314$991$742$630
25 years$2,122$1,617$1,217$905$667$562
26 years$2,018$1,520$1,129$828$601$502
27 years$1,923$1,431$1,048$758$542$449
28 years$1,834$1,348$974$694$489$402
29 years$1,752$1,272$907$637$442$359
30 years$1,675$1,201$845$584$399$322
31 years$1,604$1,135$787$537$361$289
32 years$1,537$1,074$735$493$326$259
33 years$1,474$1,017$686$454$295$232
34 years$1,415$964$641$417$267$208
35 years$1,359$915$599$384$242$187
36 years$1,307$868$560$354$219$168
37 years$1,258$824$525$326$199$151
38 years$1,211$783$491$300$180$135
39 years$1,167$745$460$277$163$122
40 years$1,125$709$431$256$148$109
41 years$1,085$675$405$236$135$98
42 years$1,048$643$379$218$122$88
43 years$1,012$612$356$201$111$79
44 years$978$584$334$185$101$71
45 years$945$557$314$171$91$64
46 years$914$531$295$158$83$58
47 years$885$507$277$146$75$52
48 years$856$484$260$135$68$47
49 years$829$462$245$125$62$42
50 years$804$441$230$115$56$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $823,000, adding $4,878 every year, while hoping to spend $36,935 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: 23/47/30 Blend
71$823,000$823,000$823,000$823,000
72$911,978$868,359$855,602$924,272
73$965,701$871,610$844,966$938,700
74$1,023,666$873,782$832,736$950,741
75$1,086,266$874,784$818,819$962,859
76$1,153,935$874,518$803,119$975,086
77$1,227,147$872,880$785,535$987,459
78$1,306,426$869,761$765,960$1,000,025
79$1,392,345$865,043$744,283$1,012,838
80$1,485,537$858,603$720,390$1,025,959
81$1,586,697$850,310$694,158$1,039,464
82$1,696,588$840,023$665,460$1,053,437
83$1,816,052$827,596$634,165$1,067,979
84$1,946,013$812,872$600,133$1,083,204
85$2,087,489$795,685$563,220$1,099,242
86$2,241,600$775,860$523,275$1,116,245
87$2,409,577$753,212$480,138$1,134,384
88$2,592,777$727,542$433,646$1,153,855
89$2,792,692$698,643$383,625$1,174,880
90$3,010,965$666,295$329,895$1,197,711
91$3,249,405$630,265$272,268$1,222,633
92$3,510,002$590,306$210,546$1,249,969
93$3,794,948$546,157$144,526$1,280,081
94$4,106,657$497,543$73,992$1,313,380
95$4,447,787$444,173$0$1,350,326
96$4,821,262$385,738$0$1,391,846
97$5,230,305$321,914$0$1,463,415
98$5,678,465$252,357$0$1,542,051
99$6,169,650$176,703$0$1,628,566
100$6,708,162$94,570$0$1,723,860