Can I retire at age 72 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$71,679$71,040$70,417$69,809$69,216$66,575
2 years$35,484$34,824$34,183$33,562$32,960$30,330
3 years$23,421$22,758$22,119$21,504$20,911$18,375
4 years$17,391$16,729$16,097$15,492$14,914$12,492
5 years$13,774$13,116$12,492$11,899$11,337$9,035
6 years$11,363$10,710$10,095$9,516$8,971$6,789
7 years$9,642$8,994$8,389$7,824$7,296$5,235
8 years$8,351$7,710$7,115$6,563$6,052$4,110
9 years$7,348$6,713$6,128$5,590$5,097$3,270
10 years$6,546$5,917$5,342$4,819$4,343$2,629
11 years$5,890$5,268$4,703$4,194$3,735$2,129
12 years$5,344$4,728$4,174$3,679$3,237$1,735
13 years$4,883$4,273$3,729$3,248$2,823$1,421
14 years$4,487$3,884$3,351$2,883$2,474$1,168
15 years$4,145$3,548$3,025$2,571$2,178$964
16 years$3,846$3,255$2,743$2,302$1,925$797
17 years$3,582$2,998$2,496$2,068$1,707$660
18 years$3,348$2,770$2,278$1,864$1,518$548
19 years$3,138$2,567$2,086$1,684$1,353$455
20 years$2,950$2,386$1,914$1,525$1,208$379
21 years$2,780$2,222$1,761$1,384$1,081$316
22 years$2,626$2,074$1,623$1,259$969$263
23 years$2,485$1,940$1,498$1,146$870$219
24 years$2,356$1,818$1,386$1,046$782$183
25 years$2,238$1,706$1,283$955$704$153
26 years$2,129$1,603$1,190$873$634$128
27 years$2,028$1,509$1,105$799$572$107
28 years$1,935$1,422$1,028$732$516$89
29 years$1,848$1,341$956$671$466$75
30 years$1,767$1,267$891$616$421$62
31 years$1,691$1,197$830$566$380$52
32 years$1,621$1,133$775$520$344$44
33 years$1,554$1,073$723$478$311$36
34 years$1,492$1,017$676$440$282$30
35 years$1,434$965$632$405$255$25
36 years$1,379$915$591$373$231$21
37 years$1,327$870$553$344$210$18
38 years$1,277$826$518$317$190$15
39 years$1,231$786$485$292$172$12
40 years$1,187$748$455$269$156$10
41 years$1,145$712$427$249$142$9
42 years$1,105$678$400$229$129$7
43 years$1,067$646$376$212$117$6
44 years$1,031$616$353$196$106$5
45 years$997$587$331$181$96$4
46 years$964$560$311$167$87$4
47 years$933$534$292$154$79$3
48 years$903$510$274$142$72$3
49 years$875$487$258$132$65$2
50 years$847$465$243$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $868,000, adding $5,915 every year, while hoping to spend $56,739 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: 77/8/15 Blend
71$868,000$868,000$868,000$868,000
72$962,637$916,633$903,179$1,033,242
73$1,000,456$901,178$873,066$1,065,183
74$1,040,232$883,065$840,042$1,092,460
75$1,082,102$862,102$803,951$1,120,806
76$1,126,220$838,088$764,626$1,150,308
77$1,172,751$810,811$721,898$1,181,061
78$1,221,875$780,045$675,585$1,213,171
79$1,273,790$745,550$625,500$1,246,758
80$1,328,709$707,074$571,447$1,281,951
81$1,386,867$664,351$513,220$1,318,895
82$1,448,520$617,097$450,606$1,357,751
83$1,513,948$565,013$383,380$1,398,696
84$1,583,456$507,784$311,309$1,441,928
85$1,657,379$445,076$234,148$1,487,665
86$1,736,083$376,537$151,644$1,536,148
87$1,819,969$301,793$63,530$1,587,645
88$1,909,476$220,451$0$1,642,453
89$2,005,085$132,095$0$1,705,783
90$2,107,322$36,286$0$1,784,284
91$2,216,766$0$0$1,868,229
92$2,334,049$0$0$1,964,051
93$2,459,867$0$0$2,070,294
94$2,594,983$0$0$2,184,409
95$2,740,233$0$0$2,307,107
96$2,896,536$0$0$2,439,167
97$3,064,901$0$0$2,581,444
98$3,246,437$0$0$2,734,878
99$3,442,360$0$0$2,900,501
100$3,654,008$0$0$3,079,447