Can I retire at age 72 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$69,366$68,749$68,146$67,557$66,983$64,529
2 years$34,340$33,700$33,080$32,479$31,897$29,452
3 years$22,666$22,023$21,405$20,810$20,236$17,878
4 years$16,830$16,190$15,578$14,992$14,433$12,178
5 years$13,329$12,693$12,089$11,516$10,972$8,826
6 years$10,996$10,365$9,770$9,209$8,681$6,647
7 years$9,331$8,704$8,119$7,571$7,060$5,137
8 years$8,082$7,461$6,885$6,351$5,857$4,043
9 years$7,111$6,496$5,930$5,410$4,933$3,225
10 years$6,335$5,726$5,170$4,663$4,203$2,599
11 years$5,700$5,098$4,552$4,059$3,615$2,111
12 years$5,172$4,575$4,039$3,560$3,132$1,725
13 years$4,725$4,135$3,609$3,143$2,731$1,416
14 years$4,342$3,758$3,243$2,790$2,394$1,168
15 years$4,011$3,433$2,928$2,488$2,108$966
16 years$3,722$3,150$2,654$2,228$1,863$801
17 years$3,466$2,901$2,415$2,002$1,652$665
18 years$3,240$2,681$2,205$1,804$1,469$554
19 years$3,037$2,484$2,019$1,630$1,309$462
20 years$2,855$2,309$1,853$1,476$1,169$385
21 years$2,690$2,150$1,704$1,340$1,047$322
22 years$2,541$2,007$1,570$1,218$938$269
23 years$2,405$1,877$1,450$1,109$842$225
24 years$2,280$1,759$1,341$1,012$757$189
25 years$2,166$1,651$1,242$924$681$158
26 years$2,060$1,551$1,152$845$613$132
27 years$1,963$1,460$1,070$773$553$111
28 years$1,872$1,376$994$709$499$93
29 years$1,788$1,298$925$650$451$78
30 years$1,710$1,226$862$596$407$65
31 years$1,637$1,159$804$548$368$55
32 years$1,568$1,096$750$503$333$46
33 years$1,504$1,038$700$463$301$39
34 years$1,444$984$654$426$273$32
35 years$1,387$933$612$392$247$27
36 years$1,334$886$572$361$224$23
37 years$1,284$841$535$333$203$19
38 years$1,236$800$501$307$184$16
39 years$1,191$760$470$283$167$14
40 years$1,148$723$440$261$151$11
41 years$1,108$689$413$241$137$10
42 years$1,069$656$387$222$125$8
43 years$1,033$625$363$205$113$7
44 years$998$596$341$189$103$6
45 years$965$568$320$175$93$5
46 years$933$542$301$161$85$4
47 years$903$517$283$149$77$3
48 years$874$494$266$138$70$3
49 years$847$471$250$127$63$2
50 years$820$450$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $840,000, adding $3,697 every year, while hoping to spend $58,582 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: 49/30/21 Blend
71$840,000$840,000$840,000$840,000
72$929,493$884,973$871,953$969,380
73$961,971$866,006$838,833$978,503
74$995,798$844,146$802,640$982,176
75$1,031,050$819,190$763,209$984,944
76$1,067,808$790,922$720,368$986,749
77$1,106,161$759,114$673,937$987,526
78$1,146,204$723,524$623,727$987,211
79$1,188,037$683,898$569,543$985,734
80$1,231,773$639,965$511,179$983,028
81$1,277,531$591,440$448,420$979,019
82$1,325,439$538,021$381,042$973,635
83$1,375,639$479,388$308,812$966,799
84$1,428,281$415,206$231,485$958,436
85$1,483,531$345,116$148,805$948,467
86$1,541,569$268,744$60,507$936,812
87$1,602,587$185,691$0$923,391
88$1,666,799$95,538$0$915,680
89$1,734,433$0$0$921,002
90$1,805,742$0$0$926,484
91$1,880,997$0$0$965,591
92$1,960,497$0$0$1,006,941
93$2,044,567$0$0$1,050,708
94$2,133,561$0$0$1,097,084
95$2,227,866$0$0$1,146,274
96$2,327,906$0$0$1,198,507
97$2,434,143$0$0$1,254,030
98$2,547,083$0$0$1,313,114
99$2,667,280$0$0$1,376,057
100$2,795,340$0$0$1,443,183