Can I retire at age 72 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$68,954$68,339$67,740$67,155$66,584$65,807
2 years$34,135$33,500$32,884$32,286$31,707$30,924
3 years$22,531$21,892$21,278$20,686$20,116$19,353
4 years$16,730$16,093$15,485$14,903$14,347$13,609
5 years$13,250$12,617$12,017$11,447$10,906$10,195
6 years$10,931$10,303$9,711$9,154$8,630$7,947
7 years$9,275$8,652$8,070$7,526$7,018$6,364
8 years$8,034$7,417$6,844$6,314$5,822$5,196
9 years$7,069$6,458$5,895$5,378$4,903$4,305
10 years$6,297$5,692$5,139$4,636$4,178$3,607
11 years$5,666$5,067$4,525$4,034$3,593$3,050
12 years$5,141$4,548$4,015$3,539$3,114$2,597
13 years$4,697$4,110$3,588$3,124$2,715$2,225
14 years$4,317$3,736$3,223$2,773$2,380$1,915
15 years$3,987$3,413$2,910$2,473$2,096$1,655
16 years$3,699$3,131$2,639$2,215$1,852$1,435
17 years$3,446$2,884$2,401$1,990$1,642$1,248
18 years$3,220$2,665$2,192$1,793$1,460$1,088
19 years$3,019$2,470$2,007$1,620$1,302$951
20 years$2,838$2,295$1,841$1,467$1,163$832
21 years$2,674$2,138$1,694$1,332$1,040$730
22 years$2,526$1,995$1,561$1,211$933$640
23 years$2,390$1,866$1,441$1,103$837$563
24 years$2,267$1,749$1,333$1,006$752$495
25 years$2,153$1,641$1,235$919$677$436
26 years$2,048$1,542$1,145$840$610$384
27 years$1,951$1,451$1,063$769$550$339
28 years$1,861$1,368$989$704$496$299
29 years$1,778$1,290$920$646$448$264
30 years$1,700$1,218$857$593$405$233
31 years$1,627$1,152$799$544$366$206
32 years$1,559$1,090$745$500$331$182
33 years$1,495$1,032$696$460$300$161
34 years$1,436$978$650$423$271$143
35 years$1,379$928$608$390$246$126
36 years$1,326$881$569$359$223$112
37 years$1,276$836$532$331$202$99
38 years$1,229$795$498$305$183$88
39 years$1,184$756$467$281$166$78
40 years$1,142$719$438$259$150$69
41 years$1,101$685$410$239$136$61
42 years$1,063$652$385$221$124$54
43 years$1,027$621$361$204$112$48
44 years$992$592$339$188$102$42
45 years$959$565$318$174$93$37
46 years$928$539$299$160$84$33
47 years$898$514$281$148$76$29
48 years$869$491$264$137$69$26
49 years$842$469$248$127$63$23
50 years$815$448$233$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $835,000, adding $5,322 every year, while hoping to spend $56,730 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: 59/28/13 Blend
71$835,000$835,000$835,000$835,000
72$925,660$881,405$868,462$976,984
73$959,717$864,233$837,195$995,036
74$995,346$844,319$802,980$1,007,904
75$1,032,649$821,468$765,657$1,020,585
76$1,071,733$795,474$725,060$1,033,065
77$1,112,717$766,119$681,017$1,045,336
78$1,155,729$733,174$633,346$1,057,389
79$1,200,908$696,394$581,858$1,069,216
80$1,248,405$655,522$526,354$1,080,815
81$1,298,384$610,285$466,629$1,092,184
82$1,351,025$560,394$402,467$1,103,326
83$1,406,521$505,545$333,641$1,114,248
84$1,465,085$445,415$259,917$1,124,961
85$1,526,948$379,665$181,049$1,135,485
86$1,592,363$307,935$96,780$1,145,841
87$1,661,604$229,844$6,843$1,156,063
88$1,734,973$144,992$0$1,166,190
89$1,812,798$52,954$0$1,188,637
90$1,895,439$0$0$1,212,918
91$1,983,287$0$0$1,252,592
92$2,076,773$0$0$1,312,212
93$2,176,366$0$0$1,375,767
94$2,282,583$0$0$1,443,590
95$2,395,988$0$0$1,516,048
96$2,517,197$0$0$1,593,540
97$2,646,890$0$0$1,676,507
98$2,785,809$0$0$1,765,429
99$2,934,770$0$0$1,860,836
100$3,094,666$0$0$1,963,307