Can I retire at age 72 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$69,779$69,158$68,551$67,959$67,381$65,886
2 years$34,544$33,901$33,277$32,673$32,086$30,588
3 years$22,801$22,155$21,533$20,934$20,357$18,902
4 years$16,930$16,286$15,670$15,082$14,519$13,118
5 years$13,409$12,768$12,161$11,584$11,037$9,695
6 years$11,062$10,426$9,828$9,264$8,733$7,451
7 years$9,386$8,756$8,167$7,616$7,102$5,880
8 years$8,130$7,506$6,926$6,389$5,892$4,730
9 years$7,153$6,535$5,965$5,442$4,962$3,859
10 years$6,373$5,760$5,201$4,691$4,228$3,182
11 years$5,734$5,128$4,579$4,083$3,636$2,647
12 years$5,203$4,603$4,064$3,581$3,151$2,216
13 years$4,753$4,159$3,630$3,162$2,748$1,866
14 years$4,368$3,781$3,262$2,807$2,409$1,578
15 years$4,035$3,454$2,945$2,503$2,121$1,340
16 years$3,744$3,169$2,670$2,241$1,874$1,141
17 years$3,487$2,918$2,430$2,014$1,662$974
18 years$3,259$2,697$2,218$1,815$1,478$833
19 years$3,055$2,499$2,031$1,640$1,317$714
20 years$2,872$2,322$1,864$1,485$1,176$613
21 years$2,706$2,163$1,714$1,348$1,053$527
22 years$2,556$2,019$1,580$1,225$944$454
23 years$2,419$1,889$1,459$1,116$847$391
24 years$2,294$1,770$1,349$1,018$761$337
25 years$2,179$1,661$1,249$930$685$291
26 years$2,072$1,561$1,159$850$617$251
27 years$1,974$1,469$1,076$778$556$217
28 years$1,883$1,384$1,000$713$502$187
29 years$1,799$1,306$931$654$453$162
30 years$1,720$1,233$867$600$410$140
31 years$1,647$1,166$808$551$370$121
32 years$1,578$1,103$754$506$335$105
33 years$1,513$1,045$704$466$303$91
34 years$1,453$990$658$428$274$78
35 years$1,396$939$615$394$249$68
36 years$1,342$891$575$363$225$59
37 years$1,291$846$539$335$204$51
38 years$1,244$804$504$308$185$44
39 years$1,198$765$473$284$168$38
40 years$1,155$728$443$262$152$33
41 years$1,115$693$415$242$138$29
42 years$1,076$660$390$223$125$25
43 years$1,039$629$366$206$114$21
44 years$1,004$599$343$190$103$19
45 years$971$571$322$176$94$16
46 years$939$545$303$162$85$14
47 years$908$520$284$150$77$12
48 years$879$497$267$139$70$10
49 years$852$474$251$128$64$9
50 years$825$453$236$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $845,000, adding $3,606 every year, while hoping to spend $55,463 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: 41/29/30 Blend
71$845,000$845,000$845,000$845,000
72$934,910$890,125$877,027$964,872
73$971,258$874,728$847,395$971,569
74$1,009,455$856,719$814,912$973,400
75$1,049,631$835,910$779,423$974,346
76$1,091,927$812,103$740,767$974,359
77$1,136,497$785,090$698,776$973,395
78$1,183,509$754,648$653,275$971,406
79$1,233,146$720,544$604,078$968,348
80$1,285,606$682,530$550,994$964,176
81$1,341,107$640,344$493,822$958,845
82$1,399,888$593,708$432,352$952,315
83$1,462,206$542,330$366,366$944,545
84$1,528,346$485,899$295,634$935,499
85$1,598,618$424,089$219,918$925,143
86$1,673,361$356,553$138,969$913,448
87$1,752,945$282,925$52,526$900,390
88$1,837,777$202,820$0$885,951
89$1,928,303$115,831$0$882,835
90$2,025,008$21,525$0$897,095
91$2,128,428$0$0$912,001
92$2,239,149$0$0$953,377
93$2,357,812$0$0$1,005,155
94$2,485,122$0$0$1,060,781
95$2,621,852$0$0$1,120,604
96$2,768,851$0$0$1,185,005
97$2,927,050$0$0$1,254,403
98$3,097,473$0$0$1,329,258
99$3,281,243$0$0$1,410,077
100$3,479,593$0$0$1,497,413