Can I retire at age 72 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$68,623$68,012$67,416$66,833$66,265$65,034
2 years$33,972$33,339$32,726$32,131$31,555$30,319
3 years$22,423$21,788$21,176$20,587$20,020$18,817
4 years$16,650$16,016$15,411$14,832$14,278$13,119
5 years$13,187$12,557$11,959$11,392$10,854$9,741
6 years$10,879$10,254$9,665$9,110$8,588$7,524
7 years$9,231$8,611$8,032$7,490$6,985$5,968
8 years$7,995$7,381$6,811$6,283$5,794$4,825
9 years$7,035$6,427$5,867$5,352$4,880$3,958
10 years$6,267$5,665$5,115$4,613$4,158$3,282
11 years$5,639$5,043$4,503$4,015$3,576$2,746
12 years$5,117$4,526$3,996$3,522$3,099$2,313
13 years$4,674$4,090$3,570$3,109$2,702$1,959
14 years$4,296$3,718$3,208$2,760$2,369$1,667
15 years$3,968$3,397$2,896$2,461$2,086$1,424
16 years$3,682$3,116$2,626$2,204$1,843$1,220
17 years$3,429$2,870$2,390$1,980$1,634$1,049
18 years$3,205$2,652$2,181$1,785$1,453$903
19 years$3,004$2,458$1,997$1,613$1,295$779
20 years$2,824$2,284$1,833$1,460$1,157$674
21 years$2,662$2,127$1,686$1,325$1,035$583
22 years$2,514$1,986$1,554$1,205$928$505
23 years$2,379$1,857$1,435$1,098$833$438
24 years$2,256$1,740$1,327$1,001$749$380
25 years$2,142$1,633$1,229$914$674$331
26 years$2,038$1,535$1,140$836$607$287
27 years$1,942$1,444$1,058$765$547$250
28 years$1,852$1,361$984$701$494$218
29 years$1,769$1,284$915$643$446$190
30 years$1,692$1,213$853$590$403$165
31 years$1,619$1,146$795$542$364$144
32 years$1,552$1,085$742$498$329$125
33 years$1,488$1,027$693$458$298$109
34 years$1,429$974$647$421$270$95
35 years$1,373$923$605$388$244$83
36 years$1,320$876$566$357$222$73
37 years$1,270$832$530$329$201$63
38 years$1,223$791$496$303$182$55
39 years$1,178$752$465$280$165$48
40 years$1,136$716$436$258$150$42
41 years$1,096$681$408$238$136$37
42 years$1,058$649$383$220$123$32
43 years$1,022$618$360$203$112$28
44 years$987$589$337$187$102$24
45 years$955$562$317$173$92$21
46 years$923$536$298$160$84$19
47 years$893$512$280$148$76$16
48 years$865$488$263$136$69$14
49 years$837$466$247$126$63$12
50 years$811$445$232$116$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $831,000, adding $3,646 every year, while hoping to spend $37,414 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: 57/16/27 Blend
71$831,000$831,000$831,000$831,000
72$919,523$875,480$862,599$964,951
73$973,506$878,570$851,688$999,603
74$1,031,741$880,558$839,158$1,033,114
75$1,094,623$881,350$824,914$1,068,868
76$1,162,585$880,846$808,859$1,107,093
77$1,236,103$878,941$790,889$1,148,042
78$1,315,700$875,524$770,898$1,191,994
79$1,401,951$870,475$748,774$1,239,261
80$1,495,490$863,667$724,397$1,290,185
81$1,597,011$854,969$697,646$1,345,147
82$1,707,281$844,237$668,392$1,404,568
83$1,827,141$831,321$636,500$1,468,914
84$1,957,516$816,063$601,829$1,538,700
85$2,099,426$798,293$564,234$1,614,499
86$2,253,991$777,833$523,560$1,696,940
87$2,422,445$754,494$479,646$1,786,722
88$2,606,146$728,076$432,326$1,884,619
89$2,806,588$698,367$381,423$1,991,484
90$3,025,415$665,142$326,756$2,108,261
91$3,264,437$628,164$268,133$2,235,995
92$3,525,649$587,183$205,354$2,375,841
93$3,811,244$541,934$138,212$2,529,074
94$4,123,638$492,135$66,489$2,697,104
95$4,465,490$437,492$0$2,881,489
96$4,839,731$377,690$0$3,086,846
97$5,249,586$312,399$0$3,332,811
98$5,698,606$241,268$0$3,602,382
99$6,190,703$163,930$0$3,897,952
100$6,730,186$79,993$0$4,222,162