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%12.7%
1 years$71,431$70,795$70,174$69,568$68,976$68,199
2 years$35,362$34,703$34,065$33,446$32,846$32,064
3 years$23,340$22,679$22,042$21,429$20,839$20,076
4 years$17,331$16,671$16,041$15,439$14,862$14,124
5 years$13,726$13,071$12,449$11,858$11,298$10,587
6 years$11,324$10,673$10,060$9,483$8,940$8,257
7 years$9,608$8,963$8,360$7,797$7,270$6,616
8 years$8,322$7,683$7,090$6,540$6,032$5,405
9 years$7,323$6,690$6,107$5,571$5,079$4,481
10 years$6,524$5,897$5,324$4,802$4,328$3,757
11 years$5,870$5,249$4,687$4,179$3,722$3,178
12 years$5,326$4,712$4,160$3,666$3,226$2,708
13 years$4,866$4,258$3,716$3,236$2,813$2,321
14 years$4,472$3,870$3,339$2,873$2,466$1,999
15 years$4,131$3,536$3,015$2,562$2,171$1,729
16 years$3,832$3,244$2,733$2,294$1,919$1,500
17 years$3,569$2,987$2,487$2,061$1,701$1,306
18 years$3,336$2,761$2,271$1,858$1,513$1,139
19 years$3,127$2,558$2,079$1,679$1,348$996
20 years$2,940$2,377$1,908$1,520$1,204$873
21 years$2,770$2,214$1,755$1,380$1,078$766
22 years$2,617$2,067$1,617$1,254$966$673
23 years$2,476$1,933$1,493$1,142$867$592
24 years$2,348$1,811$1,381$1,042$779$521
25 years$2,230$1,700$1,279$952$701$459
26 years$2,121$1,598$1,186$870$632$405
27 years$2,021$1,504$1,102$796$570$357
28 years$1,928$1,417$1,024$730$514$316
29 years$1,841$1,337$953$669$464$279
30 years$1,761$1,262$888$614$419$247
31 years$1,686$1,193$828$564$379$218
32 years$1,615$1,129$772$518$343$193
33 years$1,549$1,069$721$477$310$171
34 years$1,487$1,013$674$439$281$151
35 years$1,429$961$630$404$255$134
36 years$1,374$912$589$372$231$119
37 years$1,322$866$551$343$209$105
38 years$1,273$823$516$316$189$93
39 years$1,227$783$484$291$172$83
40 years$1,183$745$453$269$156$73
41 years$1,141$709$425$248$141$65
42 years$1,101$675$399$229$128$57
43 years$1,064$644$374$211$116$51
44 years$1,028$613$351$195$106$45
45 years$994$585$330$180$96$40
46 years$961$558$310$166$87$36
47 years$930$533$291$154$79$32
48 years$900$508$274$142$72$28
49 years$872$485$257$131$65$25
50 years$845$464$242$121$59$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $865,000, adding $5,183 every year, while hoping to spend $55,662 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: 31/41/28 Blend
71$865,000$865,000$865,000$865,000
72$958,576$912,731$899,324$979,945
73$997,127$898,231$870,227$982,403
74$1,037,745$881,155$838,290$979,807
75$1,080,581$861,318$803,359$975,918
76$1,125,801$838,524$765,273$970,662
77$1,173,587$812,565$723,863$963,964
78$1,224,134$783,223$678,955$955,746
79$1,277,659$750,264$630,363$945,927
80$1,334,397$713,443$577,896$934,428
81$1,394,604$672,500$521,354$921,166
82$1,458,561$627,160$460,527$906,059
83$1,526,575$577,132$395,196$889,023
84$1,598,983$522,109$325,133$869,974
85$1,676,153$461,766$250,098$848,831
86$1,758,487$395,759$169,843$825,510
87$1,846,428$323,726$84,107$799,932
88$1,940,458$245,283$0$772,018
89$2,041,109$160,026$0$743,902
90$2,148,962$67,527$0$740,265
91$2,264,655$0$0$735,975
92$2,388,889$0$0$745,803
93$2,522,432$0$0$789,210
94$2,666,127$0$0$836,015
95$2,820,901$0$0$886,533
96$2,987,771$0$0$941,109
97$3,167,854$0$0$1,000,123
98$3,362,379$0$0$1,063,991
99$3,572,695$0$0$1,133,172
100$3,800,285$0$0$1,208,170