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%12.3%
1 years$69,779$69,158$68,551$67,959$67,381$66,733
2 years$34,544$33,901$33,277$32,673$32,086$31,434
3 years$22,801$22,155$21,533$20,934$20,357$19,720
4 years$16,930$16,286$15,670$15,082$14,519$13,902
5 years$13,409$12,768$12,161$11,584$11,037$10,442
6 years$11,062$10,426$9,828$9,264$8,733$8,161
7 years$9,386$8,756$8,167$7,616$7,102$6,554
8 years$8,130$7,506$6,926$6,389$5,892$5,367
9 years$7,153$6,535$5,965$5,442$4,962$4,459
10 years$6,373$5,760$5,201$4,691$4,228$3,748
11 years$5,734$5,128$4,579$4,083$3,636$3,178
12 years$5,203$4,603$4,064$3,581$3,151$2,715
13 years$4,753$4,159$3,630$3,162$2,748$2,333
14 years$4,368$3,781$3,262$2,807$2,409$2,015
15 years$4,035$3,454$2,945$2,503$2,121$1,747
16 years$3,744$3,169$2,670$2,241$1,874$1,520
17 years$3,487$2,918$2,430$2,014$1,662$1,327
18 years$3,259$2,697$2,218$1,815$1,478$1,161
19 years$3,055$2,499$2,031$1,640$1,317$1,018
20 years$2,872$2,322$1,864$1,485$1,176$894
21 years$2,706$2,163$1,714$1,348$1,053$787
22 years$2,556$2,019$1,580$1,225$944$694
23 years$2,419$1,889$1,459$1,116$847$612
24 years$2,294$1,770$1,349$1,018$761$541
25 years$2,179$1,661$1,249$930$685$478
26 years$2,072$1,561$1,159$850$617$423
27 years$1,974$1,469$1,076$778$556$374
28 years$1,883$1,384$1,000$713$502$332
29 years$1,799$1,306$931$654$453$294
30 years$1,720$1,233$867$600$410$261
31 years$1,647$1,166$808$551$370$232
32 years$1,578$1,103$754$506$335$206
33 years$1,513$1,045$704$466$303$183
34 years$1,453$990$658$428$274$162
35 years$1,396$939$615$394$249$144
36 years$1,342$891$575$363$225$128
37 years$1,291$846$539$335$204$114
38 years$1,244$804$504$308$185$101
39 years$1,198$765$473$284$168$90
40 years$1,155$728$443$262$152$80
41 years$1,115$693$415$242$138$71
42 years$1,076$660$390$223$125$63
43 years$1,039$629$366$206$114$56
44 years$1,004$599$343$190$103$50
45 years$971$571$322$176$94$45
46 years$939$545$303$162$85$40
47 years$908$520$284$150$77$35
48 years$879$497$267$139$70$31
49 years$852$474$251$128$64$28
50 years$825$453$236$118$58$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $845,000, adding $2,977 every year, while hoping to spend $48,199 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: 77/9/14 Blend
71$845,000$845,000$845,000$845,000
72$934,261$889,476$876,378$1,003,267
73$978,272$881,777$854,454$1,041,477
74$1,025,157$872,085$830,179$1,076,975
75$1,075,158$860,252$803,425$1,114,560
76$1,128,540$846,121$774,056$1,154,424
77$1,185,594$829,524$741,930$1,196,777
78$1,246,639$810,285$706,899$1,241,852
79$1,312,024$788,217$668,808$1,289,904
80$1,382,133$763,121$627,495$1,341,218
81$1,457,386$734,789$582,791$1,396,106
82$1,538,244$702,999$534,519$1,454,913
83$1,625,214$667,515$482,495$1,518,020
84$1,718,852$628,089$426,525$1,585,848
85$1,819,769$584,460$366,408$1,658,862
86$1,928,636$536,349$301,933$1,737,574
87$2,046,189$483,462$232,880$1,822,551
88$2,173,240$425,491$159,020$1,914,417
89$2,310,677$362,107$80,114$2,013,862
90$2,459,479$292,963$0$2,121,648
91$2,620,722$217,695$0$2,239,227
92$2,795,589$135,915$0$2,379,727
93$2,985,380$47,216$0$2,532,232
94$3,191,526$0$0$2,697,916
95$3,415,601$0$0$2,882,907
96$3,659,335$0$0$3,089,241
97$3,924,633$0$0$3,313,858
98$4,213,591$0$0$3,558,535
99$4,528,516$0$0$3,825,230
100$4,871,944$0$0$4,116,095