Can I retire at age 72 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,706$68,094$67,497$66,914$66,345$65,707
2 years$34,013$33,379$32,765$32,170$31,593$30,950
3 years$22,450$21,814$21,201$20,612$20,044$19,416
4 years$16,670$16,035$15,429$14,850$14,295$13,688
5 years$13,202$12,572$11,974$11,406$10,867$10,281
6 years$10,892$10,266$9,677$9,121$8,599$8,036
7 years$9,242$8,621$8,041$7,499$6,993$6,453
8 years$8,005$7,390$6,820$6,291$5,801$5,284
9 years$7,043$6,434$5,874$5,358$4,886$4,391
10 years$6,275$5,672$5,121$4,619$4,163$3,690
11 years$5,646$5,049$4,508$4,020$3,580$3,130
12 years$5,123$4,532$4,001$3,526$3,103$2,673
13 years$4,680$4,095$3,575$3,113$2,705$2,297
14 years$4,301$3,723$3,212$2,763$2,372$1,984
15 years$3,973$3,401$2,900$2,464$2,088$1,720
16 years$3,686$3,120$2,629$2,207$1,845$1,497
17 years$3,433$2,873$2,392$1,983$1,636$1,307
18 years$3,209$2,655$2,184$1,787$1,455$1,143
19 years$3,008$2,461$1,999$1,614$1,297$1,002
20 years$2,828$2,287$1,835$1,462$1,158$881
21 years$2,665$2,130$1,688$1,327$1,037$775
22 years$2,517$1,988$1,555$1,207$929$683
23 years$2,382$1,860$1,436$1,099$834$603
24 years$2,258$1,742$1,328$1,002$750$532
25 years$2,145$1,635$1,230$915$675$471
26 years$2,041$1,537$1,141$837$608$416
27 years$1,944$1,446$1,060$766$548$369
28 years$1,854$1,363$985$702$494$327
29 years$1,771$1,286$917$644$446$290
30 years$1,694$1,214$854$591$403$257
31 years$1,621$1,148$796$542$365$228
32 years$1,553$1,086$743$499$330$202
33 years$1,490$1,028$693$458$299$180
34 years$1,430$975$648$422$270$160
35 years$1,374$925$606$388$245$142
36 years$1,321$878$567$358$222$126
37 years$1,272$833$530$330$201$112
38 years$1,224$792$497$304$182$100
39 years$1,180$753$465$280$165$89
40 years$1,137$717$436$258$150$79
41 years$1,097$682$409$238$136$70
42 years$1,059$650$384$220$123$62
43 years$1,023$619$360$203$112$55
44 years$989$590$338$187$102$49
45 years$956$563$317$173$92$44
46 years$924$537$298$160$84$39
47 years$894$512$280$148$76$35
48 years$866$489$263$137$69$31
49 years$838$467$247$126$63$28
50 years$812$446$232$117$57$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $832,000, adding $6,595 every year, while hoping to spend $48,206 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: 51/36/13 Blend
71$832,000$832,000$832,000$832,000
72$923,667$879,571$866,675$967,219
73$966,590$871,379$844,418$989,558
74$1,012,276$861,170$819,799$1,008,191
75$1,060,955$848,794$792,689$1,027,357
76$1,112,880$834,093$762,952$1,047,121
77$1,168,329$816,898$730,446$1,067,554
78$1,227,604$797,032$695,022$1,088,742
79$1,291,038$774,306$656,524$1,110,778
80$1,358,997$748,520$614,790$1,133,771
81$1,431,880$719,463$569,651$1,157,844
82$1,510,127$686,911$520,929$1,183,135
83$1,594,219$650,629$468,439$1,209,800
84$1,684,685$610,365$411,988$1,238,017
85$1,782,106$565,857$351,373$1,267,986
86$1,887,120$516,823$286,383$1,299,931
87$2,000,428$462,968$216,798$1,334,104
88$2,122,798$403,981$142,388$1,370,790
89$2,255,078$339,530$62,912$1,410,307
90$2,398,197$269,268$0$1,453,013
91$2,553,176$192,825$0$1,502,346
92$2,721,140$109,813$0$1,565,226
93$2,903,324$19,822$0$1,633,457
94$3,101,086$0$0$1,707,637
95$3,315,921$0$0$1,819,169
96$3,549,472$0$0$1,949,030
97$3,803,549$0$0$2,090,382
98$4,080,140$0$0$2,244,342
99$4,381,436$0$0$2,412,140
100$4,709,845$0$0$2,595,127