Can I retire at age 72 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$71,348$70,713$70,093$69,488$68,897$67,867
2 years$35,321$34,663$34,026$33,407$32,808$31,773
3 years$23,313$22,653$22,017$21,404$20,815$19,807
4 years$17,311$16,652$16,023$15,421$14,845$13,872
5 years$13,710$13,055$12,434$11,845$11,285$10,349
6 years$11,311$10,661$10,049$9,472$8,930$8,032
7 years$9,597$8,953$8,350$7,788$7,262$6,403
8 years$8,313$7,674$7,082$6,533$6,025$5,204
9 years$7,314$6,682$6,100$5,565$5,074$4,292
10 years$6,516$5,890$5,318$4,797$4,323$3,579
11 years$5,863$5,243$4,682$4,175$3,718$3,010
12 years$5,320$4,706$4,155$3,662$3,222$2,550
13 years$4,860$4,253$3,712$3,233$2,810$2,173
14 years$4,467$3,866$3,335$2,870$2,463$1,861
15 years$4,126$3,531$3,011$2,559$2,168$1,599
16 years$3,828$3,240$2,730$2,291$1,916$1,379
17 years$3,565$2,984$2,484$2,059$1,699$1,193
18 years$3,332$2,757$2,268$1,855$1,511$1,034
19 years$3,124$2,555$2,076$1,677$1,347$898
20 years$2,936$2,375$1,905$1,518$1,203$781
21 years$2,767$2,212$1,753$1,378$1,076$681
22 years$2,614$2,065$1,615$1,253$965$594
23 years$2,474$1,931$1,491$1,141$866$519
24 years$2,345$1,809$1,379$1,041$779$454
25 years$2,228$1,698$1,278$951$701$397
26 years$2,119$1,596$1,185$869$631$348
27 years$2,019$1,502$1,100$795$569$305
28 years$1,926$1,415$1,023$729$513$267
29 years$1,839$1,335$952$668$464$234
30 years$1,759$1,261$887$613$419$206
31 years$1,684$1,192$827$563$379$181
32 years$1,613$1,128$771$518$343$159
33 years$1,547$1,068$720$476$310$139
34 years$1,485$1,012$673$438$281$122
35 years$1,427$960$629$403$254$108
36 years$1,372$911$588$371$230$95
37 years$1,320$865$551$342$209$83
38 years$1,271$823$516$315$189$73
39 years$1,225$782$483$291$172$64
40 years$1,181$744$453$268$156$57
41 years$1,140$708$425$247$141$50
42 years$1,100$675$398$228$128$44
43 years$1,062$643$374$211$116$39
44 years$1,027$613$351$195$106$34
45 years$992$584$329$180$96$30
46 years$960$557$309$166$87$26
47 years$929$532$291$153$79$23
48 years$899$508$273$142$72$20
49 years$871$485$257$131$65$18
50 years$844$463$241$121$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $864,000, adding $6,810 every year, while hoping to spend $37,815 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: 41/48/11 Blend
71$864,000$864,000$864,000$864,000
72$959,153$913,361$899,969$995,088
73$1,016,751$917,880$889,883$1,025,503
74$1,078,958$921,354$878,191$1,054,117
75$1,146,202$923,691$864,801$1,084,244
76$1,218,956$924,794$849,614$1,116,037
77$1,297,741$924,560$832,527$1,149,669
78$1,383,126$922,879$813,433$1,185,330
79$1,475,741$919,636$792,219$1,223,233
80$1,576,276$914,708$768,768$1,263,615
81$1,685,491$907,964$742,956$1,306,739
82$1,804,222$899,264$714,656$1,352,898
83$1,933,388$888,463$683,732$1,402,419
84$2,074,000$875,405$650,044$1,455,665
85$2,227,172$859,924$613,444$1,513,039
86$2,394,129$841,845$573,780$1,574,988
87$2,576,219$820,984$530,890$1,642,011
88$2,774,925$797,145$484,607$1,714,660
89$2,991,882$770,119$434,755$1,793,549
90$3,228,886$739,686$381,152$1,879,359
91$3,487,917$705,616$323,605$1,972,845
92$3,771,154$667,661$261,916$2,074,846
93$4,080,997$625,562$195,875$2,186,291
94$4,420,088$579,043$125,266$2,308,211
95$4,791,334$527,814$49,860$2,441,748
96$5,197,941$471,567$0$2,588,168
97$5,643,434$409,977$0$2,752,466
98$6,131,700$342,702$0$2,939,080
99$6,667,018$269,378$0$3,143,905
100$7,254,099$189,623$0$3,368,874