Can I retire at age 72 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$71,431$70,795$70,174$69,568$68,976$67,667
2 years$35,362$34,703$34,065$33,446$32,846$31,532
3 years$23,340$22,679$22,042$21,429$20,839$19,561
4 years$17,331$16,671$16,041$15,439$14,862$13,630
5 years$13,726$13,071$12,449$11,858$11,298$10,116
6 years$11,324$10,673$10,060$9,483$8,940$7,808
7 years$9,608$8,963$8,360$7,797$7,270$6,190
8 years$8,322$7,683$7,090$6,540$6,032$5,002
9 years$7,323$6,690$6,107$5,571$5,079$4,101
10 years$6,524$5,897$5,324$4,802$4,328$3,398
11 years$5,870$5,249$4,687$4,179$3,722$2,841
12 years$5,326$4,712$4,160$3,666$3,226$2,391
13 years$4,866$4,258$3,716$3,236$2,813$2,024
14 years$4,472$3,870$3,339$2,873$2,466$1,721
15 years$4,131$3,536$3,015$2,562$2,171$1,470
16 years$3,832$3,244$2,733$2,294$1,919$1,258
17 years$3,569$2,987$2,487$2,061$1,701$1,081
18 years$3,336$2,761$2,271$1,858$1,513$930
19 years$3,127$2,558$2,079$1,679$1,348$802
20 years$2,940$2,377$1,908$1,520$1,204$693
21 years$2,770$2,214$1,755$1,380$1,078$599
22 years$2,617$2,067$1,617$1,254$966$519
23 years$2,476$1,933$1,493$1,142$867$450
24 years$2,348$1,811$1,381$1,042$779$390
25 years$2,230$1,700$1,279$952$701$339
26 years$2,121$1,598$1,186$870$632$294
27 years$2,021$1,504$1,102$796$570$256
28 years$1,928$1,417$1,024$730$514$222
29 years$1,841$1,337$953$669$464$194
30 years$1,761$1,262$888$614$419$168
31 years$1,686$1,193$828$564$379$147
32 years$1,615$1,129$772$518$343$128
33 years$1,549$1,069$721$477$310$111
34 years$1,487$1,013$674$439$281$97
35 years$1,429$961$630$404$255$85
36 years$1,374$912$589$372$231$74
37 years$1,322$866$551$343$209$64
38 years$1,273$823$516$316$189$56
39 years$1,227$783$484$291$172$49
40 years$1,183$745$453$269$156$43
41 years$1,141$709$425$248$141$37
42 years$1,101$675$399$229$128$32
43 years$1,064$644$374$211$116$28
44 years$1,028$613$351$195$106$25
45 years$994$585$330$180$96$21
46 years$961$558$310$166$87$19
47 years$930$533$291$154$79$16
48 years$900$508$274$142$72$14
49 years$872$485$257$131$65$12
50 years$845$464$242$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $865,000, adding $6,854 every year, while hoping to spend $51,618 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: 62/28/10 Blend
71$865,000$865,000$865,000$865,000
72$960,300$914,455$901,047$1,017,264
73$1,003,329$904,342$876,311$1,046,116
74$1,049,018$892,004$849,017$1,071,026
75$1,097,582$877,276$819,023$1,096,924
76$1,149,259$859,986$786,184$1,123,908
77$1,204,308$839,950$750,346$1,152,083
78$1,263,014$816,974$711,349$1,181,572
79$1,325,688$790,852$669,025$1,212,508
80$1,392,670$761,366$623,200$1,245,044
81$1,464,335$728,286$573,690$1,279,348
82$1,541,093$691,368$520,304$1,315,609
83$1,623,393$650,353$462,843$1,354,038
84$1,711,729$604,970$401,098$1,394,871
85$1,806,641$554,930$334,851$1,438,370
86$1,908,725$499,928$263,874$1,484,828
87$2,018,631$439,641$187,931$1,534,573
88$2,137,078$373,730$106,773$1,587,968
89$2,264,852$301,834$20,141$1,645,418
90$2,402,817$223,574$0$1,707,376
91$2,551,923$138,548$0$1,782,059
92$2,713,214$46,332$0$1,865,104
93$2,887,839$0$0$1,955,014
94$3,077,058$0$0$2,069,002
95$3,282,260$0$0$2,208,153
96$3,504,970$0$0$2,359,233
97$3,746,865$0$0$2,523,387
98$4,009,792$0$0$2,701,876
99$4,295,781$0$0$2,896,085
100$4,607,066$0$0$3,107,540