Can I retire at age 72 with 857,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$70,770$70,140$69,525$68,925$68,338$67,179
2 years$35,035$34,382$33,750$33,137$32,542$31,377
3 years$23,125$22,469$21,838$21,231$20,646$19,512
4 years$17,171$16,517$15,893$15,296$14,725$13,631
5 years$13,599$12,950$12,333$11,749$11,194$10,143
6 years$11,219$10,574$9,967$9,395$8,857$7,851
7 years$9,519$8,880$8,283$7,725$7,203$6,241
8 years$8,245$7,612$7,025$6,480$5,976$5,058
9 years$7,255$6,628$6,050$5,519$5,032$4,159
10 years$6,463$5,842$5,275$4,758$4,288$3,457
11 years$5,816$5,201$4,644$4,141$3,688$2,899
12 years$5,277$4,668$4,121$3,632$3,196$2,448
13 years$4,821$4,218$3,682$3,206$2,787$2,079
14 years$4,430$3,834$3,308$2,846$2,443$1,774
15 years$4,092$3,503$2,987$2,538$2,151$1,520
16 years$3,797$3,214$2,708$2,273$1,901$1,306
17 years$3,536$2,960$2,464$2,042$1,686$1,126
18 years$3,305$2,735$2,250$1,840$1,499$972
19 years$3,098$2,535$2,059$1,663$1,336$841
20 years$2,913$2,355$1,890$1,506$1,193$729
21 years$2,745$2,194$1,738$1,367$1,068$633
22 years$2,592$2,048$1,602$1,243$957$550
23 years$2,453$1,915$1,479$1,132$859$479
24 years$2,326$1,795$1,368$1,032$772$417
25 years$2,209$1,684$1,267$943$695$364
26 years$2,102$1,583$1,175$862$626$317
27 years$2,002$1,490$1,091$789$564$277
28 years$1,910$1,404$1,015$723$509$242
29 years$1,824$1,324$944$663$460$211
30 years$1,744$1,251$879$608$415$185
31 years$1,670$1,182$820$559$376$161
32 years$1,600$1,119$765$514$340$141
33 years$1,535$1,059$714$472$307$123
34 years$1,473$1,004$667$435$278$108
35 years$1,416$952$624$400$252$95
36 years$1,361$904$584$368$228$83
37 years$1,310$858$546$339$207$72
38 years$1,261$816$512$313$188$63
39 years$1,215$776$479$288$170$56
40 years$1,172$738$449$266$154$49
41 years$1,130$703$421$245$140$43
42 years$1,091$669$395$227$127$37
43 years$1,054$638$371$209$115$33
44 years$1,018$608$348$193$105$29
45 years$984$580$327$178$95$25
46 years$952$553$307$165$86$22
47 years$921$528$288$152$78$19
48 years$892$504$271$141$71$17
49 years$864$481$255$130$65$15
50 years$837$459$239$120$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $857,000, adding $3,488 every year, while hoping to spend $48,671 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: 51/32/17 Blend
71$857,000$857,000$857,000$857,000
72$948,012$902,591$889,307$991,766
73$992,924$895,032$867,314$1,014,671
74$1,040,785$885,472$842,952$1,034,200
75$1,091,846$873,761$816,091$1,054,370
76$1,146,379$859,740$786,595$1,075,258
77$1,204,684$843,242$754,321$1,096,949
78$1,267,090$824,089$719,118$1,119,544
79$1,333,956$802,092$680,832$1,143,153
80$1,405,677$777,053$639,298$1,167,904
81$1,482,688$748,760$594,346$1,193,939
82$1,565,463$716,990$545,797$1,221,419
83$1,654,525$681,506$493,466$1,250,526
84$1,750,446$642,060$437,157$1,281,465
85$1,853,857$598,387$376,667$1,314,464
86$1,965,449$550,206$311,784$1,349,782
87$2,085,982$497,224$242,286$1,387,708
88$2,216,292$439,127$167,942$1,428,565
89$2,357,295$375,586$88,510$1,472,718
90$2,510,002$306,252$3,738$1,520,570
91$2,675,521$230,757$0$1,572,577
92$2,855,072$148,712$0$1,644,977
93$3,049,996$59,706$0$1,724,350
94$3,261,770$0$0$1,810,702
95$3,492,016$0$0$1,917,710
96$3,742,520$0$0$2,057,084
97$4,015,246$0$0$2,208,904
98$4,312,356$0$0$2,374,382
99$4,636,229$0$0$2,554,854
100$4,989,484$0$0$2,751,790