Can I retire at age 72 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$70,027$69,403$68,795$68,201$67,621$66,147
2 years$34,667$34,021$33,395$32,789$32,200$30,723
3 years$22,882$22,233$21,609$21,008$20,429$18,995
4 years$16,990$16,344$15,726$15,135$14,570$13,189
5 years$13,456$12,814$12,204$11,625$11,076$9,753
6 years$11,101$10,463$9,863$9,297$8,764$7,499
7 years$9,419$8,787$8,196$7,643$7,128$5,922
8 years$8,159$7,532$6,951$6,412$5,913$4,766
9 years$7,179$6,558$5,987$5,461$4,980$3,891
10 years$6,395$5,781$5,219$4,708$4,243$3,210
11 years$5,755$5,146$4,595$4,097$3,649$2,672
12 years$5,221$4,619$4,078$3,594$3,162$2,239
13 years$4,770$4,174$3,643$3,173$2,757$1,886
14 years$4,384$3,794$3,274$2,816$2,417$1,597
15 years$4,049$3,466$2,956$2,512$2,128$1,356
16 years$3,757$3,180$2,680$2,249$1,881$1,156
17 years$3,499$2,929$2,438$2,021$1,668$988
18 years$3,270$2,706$2,226$1,821$1,483$846
19 years$3,066$2,508$2,038$1,646$1,322$725
20 years$2,882$2,331$1,870$1,490$1,181$623
21 years$2,716$2,171$1,720$1,353$1,057$536
22 years$2,565$2,026$1,585$1,230$947$462
23 years$2,428$1,895$1,464$1,120$850$398
24 years$2,302$1,776$1,354$1,022$764$343
25 years$2,186$1,667$1,254$933$688$296
26 years$2,080$1,566$1,163$853$619$256
27 years$1,981$1,474$1,080$781$558$221
28 years$1,890$1,389$1,004$715$504$191
29 years$1,805$1,310$934$656$455$166
30 years$1,726$1,237$870$602$411$143
31 years$1,652$1,170$811$553$372$124
32 years$1,583$1,107$757$508$336$107
33 years$1,519$1,048$707$467$304$93
34 years$1,458$993$660$430$275$81
35 years$1,401$942$617$396$250$70
36 years$1,347$894$578$365$226$61
37 years$1,296$849$541$336$205$52
38 years$1,248$807$506$310$186$45
39 years$1,202$768$474$285$168$39
40 years$1,159$730$445$263$153$34
41 years$1,118$695$417$243$139$30
42 years$1,080$662$391$224$126$26
43 years$1,043$631$367$207$114$22
44 years$1,008$601$344$191$104$19
45 years$974$573$323$176$94$17
46 years$942$547$304$163$85$15
47 years$912$522$285$151$78$13
48 years$882$498$268$139$70$11
49 years$855$476$252$129$64$9
50 years$828$455$237$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $848,000, adding $3,701 every year, while hoping to spend $37,188 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: 36/40/24 Blend
71$848,000$848,000$848,000$848,000
72$938,314$893,370$880,226$965,191
73$994,454$897,577$870,145$989,520
74$1,055,074$900,744$858,481$1,012,086
75$1,120,592$902,781$845,140$1,035,706
76$1,191,466$903,591$830,027$1,060,500
77$1,268,202$903,073$813,039$1,086,600
78$1,351,354$901,119$794,071$1,114,154
79$1,441,531$897,614$773,012$1,143,328
80$1,539,406$892,435$749,746$1,174,310
81$1,645,715$885,454$724,153$1,207,307
82$1,761,271$876,534$696,104$1,242,553
83$1,886,965$865,529$665,468$1,280,308
84$2,023,781$852,285$632,107$1,320,863
85$2,172,798$836,639$595,874$1,364,542
86$2,335,208$818,418$556,620$1,411,707
87$2,512,317$797,439$514,185$1,462,761
88$2,705,568$773,508$468,404$1,518,155
89$2,916,545$746,419$419,106$1,578,387
90$3,146,995$715,956$366,108$1,644,015
91$3,398,840$681,889$309,223$1,715,658
92$3,674,194$643,974$248,255$1,794,005
93$3,975,387$601,954$182,997$1,879,821
94$4,304,985$555,558$113,236$1,973,957
95$4,665,811$504,498$38,747$2,077,357
96$5,060,975$448,470$0$2,191,069
97$5,493,903$387,153$0$2,326,692
98$5,968,365$320,208$0$2,486,348
99$6,488,517$247,276$0$2,661,603
100$7,058,932$167,979$0$2,854,113