Can I retire at age 72 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$71,101$70,467$69,849$69,246$68,657$67,771
2 years$35,198$34,543$33,907$33,291$32,694$31,803
3 years$23,232$22,574$21,940$21,330$20,742$19,873
4 years$17,251$16,594$15,967$15,367$14,794$13,954
5 years$13,663$13,010$12,391$11,803$11,246$10,437
6 years$11,271$10,624$10,014$9,439$8,898$8,122
7 years$9,564$8,922$8,322$7,761$7,237$6,494
8 years$8,284$7,648$7,057$6,510$6,004$5,293
9 years$7,289$6,659$6,078$5,545$5,056$4,378
10 years$6,493$5,869$5,299$4,780$4,308$3,661
11 years$5,843$5,225$4,665$4,160$3,705$3,090
12 years$5,301$4,690$4,140$3,649$3,211$2,626
13 years$4,843$4,238$3,699$3,221$2,800$2,245
14 years$4,451$3,852$3,324$2,860$2,454$1,928
15 years$4,111$3,519$3,001$2,550$2,161$1,663
16 years$3,815$3,229$2,721$2,284$1,910$1,439
17 years$3,553$2,974$2,476$2,052$1,693$1,249
18 years$3,321$2,748$2,260$1,849$1,506$1,087
19 years$3,113$2,547$2,069$1,671$1,342$947
20 years$2,926$2,366$1,899$1,513$1,199$827
21 years$2,758$2,204$1,747$1,373$1,073$724
22 years$2,605$2,058$1,610$1,249$962$634
23 years$2,465$1,924$1,486$1,137$863$556
24 years$2,337$1,803$1,375$1,037$776$488
25 years$2,220$1,692$1,273$947$698$429
26 years$2,112$1,590$1,181$866$629$377
27 years$2,012$1,497$1,096$793$567$332
28 years$1,919$1,410$1,019$726$512$292
29 years$1,833$1,330$949$666$462$257
30 years$1,753$1,256$884$611$417$227
31 years$1,678$1,188$824$561$377$200
32 years$1,608$1,124$769$516$341$176
33 years$1,542$1,064$718$474$309$155
34 years$1,480$1,009$670$437$280$137
35 years$1,422$957$627$402$253$121
36 years$1,367$908$586$370$230$107
37 years$1,316$862$549$341$208$94
38 years$1,267$820$514$314$189$83
39 years$1,221$779$482$290$171$74
40 years$1,177$742$451$267$155$65
41 years$1,136$706$423$247$141$57
42 years$1,096$672$397$228$128$51
43 years$1,059$641$373$210$116$45
44 years$1,023$611$350$194$105$40
45 years$989$582$328$179$96$35
46 years$957$555$308$165$87$31
47 years$926$530$290$153$79$27
48 years$896$506$272$141$72$24
49 years$868$483$256$131$65$21
50 years$841$462$241$121$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $861,000, adding $5,367 every year, while hoping to spend $47,220 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: 84/7/9 Blend
71$861,000$861,000$861,000$861,000
72$954,358$908,725$895,380$1,032,932
73$1,001,461$903,011$875,133$1,079,369
74$1,051,786$895,434$852,626$1,123,450
75$1,105,611$885,854$827,732$1,170,406
76$1,163,243$874,120$800,320$1,220,499
77$1,225,016$860,074$770,253$1,274,013
78$1,291,298$843,548$737,388$1,331,263
79$1,362,493$824,365$701,573$1,392,598
80$1,439,044$802,335$662,652$1,458,397
81$1,521,436$777,260$620,461$1,529,081
82$1,610,204$748,927$574,828$1,605,114
83$1,705,935$717,114$525,574$1,687,005
84$1,809,272$681,584$472,512$1,775,316
85$1,920,923$642,087$415,447$1,870,666
86$2,041,666$598,359$354,174$1,973,737
87$2,172,357$550,119$288,479$2,085,280
88$2,313,935$497,072$218,141$2,206,124
89$2,467,434$438,906$142,926$2,337,179
90$2,633,990$375,291$62,592$2,479,453
91$2,814,854$305,877$0$2,634,053
92$3,011,400$230,296$0$2,804,422
93$3,225,140$148,158$0$2,996,244
94$3,457,740$59,053$0$3,205,011
95$3,711,029$0$0$3,432,387
96$3,987,023$0$0$3,683,087
97$4,287,938$0$0$3,961,398
98$4,616,215$0$0$4,265,030
99$4,974,540$0$0$4,596,469
100$5,365,869$0$0$4,958,451