Can I retire at age 72 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$69,201$68,585$67,983$67,396$66,823$66,263
2 years$34,258$33,620$33,002$32,402$31,821$31,256
3 years$22,612$21,971$21,354$20,760$20,188$19,637
4 years$16,790$16,151$15,540$14,957$14,398$13,865
5 years$13,298$12,663$12,060$11,488$10,945$10,431
6 years$10,970$10,340$9,746$9,187$8,661$8,165
7 years$9,308$8,684$8,099$7,553$7,044$6,568
8 years$8,063$7,443$6,869$6,336$5,843$5,387
9 years$7,094$6,481$5,916$5,397$4,921$4,485
10 years$6,320$5,712$5,158$4,652$4,193$3,776
11 years$5,687$5,086$4,541$4,049$3,606$3,208
12 years$5,160$4,564$4,030$3,551$3,125$2,746
13 years$4,714$4,125$3,600$3,135$2,725$2,364
14 years$4,332$3,749$3,235$2,783$2,389$2,046
15 years$4,002$3,425$2,921$2,482$2,103$1,777
16 years$3,713$3,143$2,648$2,223$1,859$1,550
17 years$3,458$2,894$2,410$1,997$1,648$1,356
18 years$3,232$2,674$2,200$1,800$1,465$1,189
19 years$3,030$2,479$2,014$1,626$1,306$1,045
20 years$2,848$2,303$1,848$1,473$1,167$920
21 years$2,684$2,145$1,700$1,337$1,044$811
22 years$2,535$2,003$1,567$1,215$936$716
23 years$2,399$1,873$1,447$1,107$840$633
24 years$2,275$1,755$1,338$1,009$755$561
25 years$2,160$1,647$1,239$922$679$497
26 years$2,055$1,548$1,149$843$612$441
27 years$1,958$1,457$1,067$772$552$391
28 years$1,868$1,373$992$707$498$347
29 years$1,784$1,295$923$648$450$309
30 years$1,706$1,223$860$595$406$275
31 years$1,633$1,156$802$546$367$244
32 years$1,565$1,094$748$502$332$217
33 years$1,501$1,036$698$462$301$194
34 years$1,441$982$653$425$272$172
35 years$1,384$931$610$391$247$154
36 years$1,331$884$571$360$223$137
37 years$1,281$839$534$332$202$122
38 years$1,233$798$500$306$184$109
39 years$1,188$759$469$282$166$97
40 years$1,146$722$439$260$151$86
41 years$1,105$687$412$240$137$77
42 years$1,067$654$386$222$124$69
43 years$1,030$623$363$204$113$61
44 years$996$594$340$189$102$55
45 years$963$567$320$174$93$49
46 years$931$541$300$161$84$44
47 years$901$516$282$149$77$39
48 years$872$492$265$138$70$35
49 years$845$470$249$127$63$31
50 years$818$449$234$117$57$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $838,000, adding $6,730 every year, while hoping to spend $59,779 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: 43/30/27 Blend
71$838,000$838,000$838,000$838,000
72$930,418$886,004$873,015$962,854
73$961,716$865,814$838,657$966,513
74$994,203$842,631$801,144$964,280
75$1,027,938$816,245$760,307$960,706
76$1,062,981$786,435$715,971$955,703
77$1,099,400$752,965$667,951$949,176
78$1,137,265$715,587$616,054$941,028
79$1,176,653$674,037$560,079$931,155
80$1,217,645$628,039$499,815$919,451
81$1,260,330$577,297$435,043$905,803
82$1,304,800$521,501$365,534$890,094
83$1,351,157$460,323$291,047$872,202
84$1,399,511$393,415$211,333$852,000
85$1,449,979$320,410$126,131$829,355
86$1,502,688$240,921$35,167$804,130
87$1,557,775$154,538$0$776,182
88$1,615,387$60,830$0$763,196
89$1,675,686$0$0$759,156
90$1,738,844$0$0$767,271
91$1,805,050$0$0$796,857
92$1,874,508$0$0$827,928
93$1,947,439$0$0$860,587
94$2,024,083$0$0$894,945
95$2,104,701$0$0$931,126
96$2,189,580$0$0$969,260
97$2,279,026$0$0$1,009,495
98$2,373,379$0$0$1,051,986
99$2,473,006$0$0$1,096,906
100$2,578,307$0$0$1,144,443