Can I retire at age 72 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$68,045$67,439$66,848$66,271$65,707$64,459
2 years$33,686$33,058$32,450$31,861$31,289$30,037
3 years$22,234$21,604$20,998$20,414$19,851$18,634
4 years$16,509$15,881$15,281$14,707$14,158$12,984
5 years$13,075$12,451$11,859$11,296$10,763$9,636
6 years$10,787$10,167$9,583$9,034$8,516$7,438
7 years$9,153$8,538$7,964$7,427$6,926$5,897
8 years$7,928$7,319$6,754$6,230$5,746$4,765
9 years$6,976$6,373$5,817$5,307$4,839$3,906
10 years$6,214$5,617$5,072$4,575$4,123$3,237
11 years$5,592$5,001$4,465$3,981$3,546$2,706
12 years$5,073$4,488$3,963$3,492$3,073$2,278
13 years$4,635$4,056$3,540$3,083$2,679$1,928
14 years$4,260$3,687$3,181$2,737$2,349$1,640
15 years$3,935$3,368$2,872$2,441$2,068$1,400
16 years$3,651$3,090$2,604$2,185$1,828$1,199
17 years$3,400$2,846$2,369$1,964$1,621$1,029
18 years$3,178$2,630$2,163$1,770$1,441$886
19 years$2,979$2,437$1,980$1,599$1,284$764
20 years$2,801$2,265$1,817$1,448$1,147$660
21 years$2,639$2,110$1,671$1,314$1,027$571
22 years$2,493$1,969$1,541$1,195$920$494
23 years$2,359$1,842$1,422$1,088$826$428
24 years$2,237$1,726$1,315$993$742$372
25 years$2,124$1,619$1,218$906$668$323
26 years$2,021$1,522$1,130$829$602$280
27 years$1,925$1,432$1,049$759$543$244
28 years$1,837$1,350$975$695$490$212
29 years$1,754$1,273$908$637$442$184
30 years$1,677$1,202$846$585$399$160
31 years$1,606$1,137$788$537$361$140
32 years$1,539$1,076$735$494$327$122
33 years$1,476$1,019$687$454$296$106
34 years$1,417$965$642$418$268$92
35 years$1,361$916$600$385$242$81
36 years$1,309$869$561$354$220$70
37 years$1,259$825$525$326$199$61
38 years$1,213$784$492$301$180$53
39 years$1,168$746$461$277$164$47
40 years$1,127$710$432$256$148$41
41 years$1,087$676$405$236$135$35
42 years$1,049$643$380$218$122$31
43 years$1,013$613$357$201$111$27
44 years$979$584$335$186$101$23
45 years$946$557$314$171$91$20
46 years$915$532$295$158$83$18
47 years$886$507$277$146$75$16
48 years$857$484$261$135$68$14
49 years$830$462$245$125$62$12
50 years$805$442$230$116$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $824,000, adding $6,847 every year, while hoping to spend $58,214 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: 26/46/28 Blend
71$824,000$824,000$824,000$824,000
72$915,111$871,439$858,667$930,770
73$946,513$852,200$825,493$924,916
74$979,167$830,067$789,256$913,220
75$1,013,139$804,838$749,794$899,478
76$1,048,500$776,296$706,933$883,555
77$1,085,327$744,214$660,495$865,313
78$1,123,701$708,352$610,293$844,605
79$1,163,712$668,454$556,130$821,275
80$1,205,453$624,251$497,803$795,164
81$1,249,027$575,457$435,098$766,100
82$1,294,546$521,773$367,792$733,906
83$1,342,128$462,878$295,651$698,395
84$1,391,904$398,437$218,434$659,372
85$1,444,012$328,095$135,885$616,631
86$1,498,604$251,474$47,740$569,958
87$1,555,844$168,179$0$519,130
88$1,615,911$77,791$0$477,751
89$1,678,999$0$0$447,857
90$1,745,316$0$0$425,195
91$1,815,092$0$0$442,829
92$1,888,576$0$0$461,451
93$1,966,038$0$0$481,136
94$2,047,773$0$0$501,966
95$2,134,102$0$0$524,031
96$2,225,377$0$0$547,429
97$2,321,981$0$0$572,267
98$2,424,331$0$0$598,662
99$2,532,884$0$0$626,742
100$2,648,140$0$0$656,647