Can I retire at age 72 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$68,458$67,848$67,253$66,673$66,106$64,692
2 years$33,890$33,259$32,647$32,054$31,479$30,061
3 years$22,369$21,735$21,125$20,537$19,971$18,594
4 years$16,610$15,978$15,374$14,796$14,244$12,918
5 years$13,155$12,527$11,930$11,365$10,828$9,557
6 years$10,852$10,229$9,642$9,089$8,568$7,353
7 years$9,208$8,590$8,012$7,472$6,968$5,810
8 years$7,976$7,363$6,795$6,268$5,781$4,678
9 years$7,018$6,411$5,853$5,339$4,868$3,821
10 years$6,252$5,651$5,102$4,602$4,148$3,155
11 years$5,626$5,031$4,492$4,005$3,567$2,628
12 years$5,104$4,515$3,987$3,513$3,091$2,203
13 years$4,663$4,081$3,562$3,102$2,696$1,858
14 years$4,286$3,709$3,200$2,753$2,363$1,573
15 years$3,959$3,388$2,889$2,456$2,081$1,337
16 years$3,673$3,109$2,620$2,199$1,839$1,141
17 years$3,421$2,863$2,384$1,975$1,630$975
18 years$3,197$2,646$2,176$1,780$1,450$836
19 years$2,997$2,452$1,992$1,609$1,292$717
20 years$2,818$2,278$1,828$1,457$1,154$617
21 years$2,655$2,122$1,682$1,322$1,033$531
22 years$2,508$1,981$1,550$1,202$926$458
23 years$2,373$1,853$1,431$1,095$831$395
24 years$2,250$1,736$1,323$999$747$341
25 years$2,137$1,629$1,226$912$672$295
26 years$2,033$1,531$1,137$834$605$255
27 years$1,937$1,441$1,056$763$546$220
28 years$1,848$1,358$981$699$493$191
29 years$1,765$1,281$913$641$445$165
30 years$1,687$1,210$851$589$402$143
31 years$1,615$1,144$793$541$363$124
32 years$1,548$1,082$740$497$329$107
33 years$1,485$1,025$691$457$297$93
34 years$1,425$971$646$420$269$81
35 years$1,369$921$604$387$244$70
36 years$1,317$874$565$356$221$61
37 years$1,267$830$528$328$200$53
38 years$1,220$789$495$303$182$46
39 years$1,176$750$464$279$165$40
40 years$1,133$714$435$257$149$34
41 years$1,093$680$407$237$136$30
42 years$1,055$647$382$219$123$26
43 years$1,019$617$359$202$112$22
44 years$985$588$337$187$101$19
45 years$952$561$316$173$92$17
46 years$921$535$297$159$83$15
47 years$891$510$279$147$76$13
48 years$863$487$262$136$69$11
49 years$835$465$246$126$63$10
50 years$809$444$232$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $829,000, adding $6,536 every year, while hoping to spend $41,934 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: 56/37/7 Blend
71$829,000$829,000$829,000$829,000
72$920,300$876,363$863,513$970,026
73$969,553$874,687$847,824$1,002,621
74$1,022,425$871,524$830,203$1,032,855
75$1,079,239$866,756$810,542$1,064,756
76$1,140,354$860,259$788,727$1,098,488
77$1,206,159$851,901$764,639$1,134,231
78$1,277,086$841,543$738,153$1,172,188
79$1,353,606$829,036$709,138$1,212,584
80$1,436,238$814,223$677,459$1,255,668
81$1,525,552$796,938$642,972$1,301,717
82$1,622,175$777,005$605,528$1,351,039
83$1,726,796$754,237$564,972$1,403,976
84$1,840,172$728,437$521,141$1,460,907
85$1,963,135$699,396$473,865$1,522,251
86$2,096,601$666,892$422,966$1,588,476
87$2,241,577$630,693$368,258$1,660,099
88$2,399,172$590,551$309,548$1,737,694
89$2,570,603$546,203$246,633$1,821,897
90$2,757,211$497,374$179,303$1,913,413
91$2,960,473$443,771$107,335$2,013,023
92$3,182,010$385,085$30,500$2,121,593
93$3,423,611$320,991$0$2,240,081
94$3,687,242$251,142$0$2,373,396
95$3,975,068$175,175$0$2,521,548
96$4,289,472$92,705$0$2,683,578
97$4,633,076$3,326$0$2,860,948
98$5,008,769$0$0$3,055,272
99$5,419,732$0$0$3,306,363
100$5,869,464$0$0$3,582,697