Can I retire at age 72 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$72,174$71,531$70,904$70,292$69,694$68,624
2 years$35,730$35,064$34,419$33,794$33,188$32,112
3 years$23,583$22,915$22,272$21,652$21,056$20,008
4 years$17,511$16,845$16,208$15,599$15,017$14,006
5 years$13,869$13,207$12,578$11,982$11,416$10,444
6 years$11,441$10,784$10,165$9,582$9,033$8,101
7 years$9,708$9,057$8,447$7,878$7,346$6,455
8 years$8,409$7,763$7,164$6,608$6,094$5,243
9 years$7,399$6,759$6,170$5,629$5,132$4,321
10 years$6,591$5,958$5,379$4,852$4,373$3,601
11 years$5,931$5,304$4,736$4,223$3,761$3,027
12 years$5,381$4,761$4,203$3,704$3,259$2,563
13 years$4,916$4,302$3,755$3,270$2,842$2,183
14 years$4,518$3,911$3,374$2,903$2,491$1,867
15 years$4,174$3,572$3,046$2,589$2,194$1,604
16 years$3,872$3,278$2,762$2,318$1,939$1,382
17 years$3,607$3,019$2,513$2,083$1,719$1,195
18 years$3,371$2,789$2,294$1,877$1,528$1,035
19 years$3,160$2,585$2,100$1,696$1,362$898
20 years$2,970$2,402$1,927$1,536$1,217$781
21 years$2,799$2,238$1,773$1,394$1,089$680
22 years$2,644$2,089$1,634$1,268$976$593
23 years$2,502$1,953$1,509$1,154$876$518
24 years$2,372$1,830$1,395$1,053$788$452
25 years$2,253$1,718$1,292$962$709$395
26 years$2,144$1,614$1,199$879$638$346
27 years$2,042$1,519$1,113$805$576$303
28 years$1,948$1,432$1,035$737$519$265
29 years$1,861$1,351$963$676$469$233
30 years$1,779$1,275$897$620$424$204
31 years$1,703$1,206$836$570$383$179
32 years$1,632$1,141$780$524$346$157
33 years$1,565$1,080$728$482$314$138
34 years$1,503$1,024$681$443$284$121
35 years$1,444$971$636$408$257$106
36 years$1,388$922$595$376$233$93
37 years$1,336$876$557$346$211$82
38 years$1,286$832$522$319$191$72
39 years$1,239$791$489$294$174$63
40 years$1,195$753$458$271$157$56
41 years$1,153$717$430$250$143$49
42 years$1,113$682$403$231$130$43
43 years$1,075$650$378$213$118$38
44 years$1,038$620$355$197$107$33
45 years$1,004$591$333$182$97$29
46 years$971$564$313$168$88$26
47 years$940$538$294$155$80$23
48 years$910$514$276$143$73$20
49 years$881$490$260$133$66$17
50 years$853$469$244$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $874,000, adding $6,022 every year, while hoping to spend $41,912 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: 44/31/25 Blend
71$874,000$874,000$874,000$874,000
72$969,360$923,038$909,491$1,004,750
73$1,023,640$923,672$895,365$1,031,104
74$1,082,053$922,934$879,361$1,055,148
75$1,144,975$920,710$861,371$1,080,385
76$1,212,820$916,882$841,285$1,106,950
77$1,286,043$911,325$818,984$1,134,991
78$1,365,145$903,906$794,346$1,164,676
79$1,450,676$894,483$767,242$1,196,193
80$1,543,238$882,906$737,538$1,229,751
81$1,643,496$869,016$705,093$1,265,584
82$1,752,181$852,646$669,762$1,303,954
83$1,870,094$833,617$631,390$1,345,152
84$1,998,119$811,739$589,817$1,389,504
85$2,137,227$786,814$544,875$1,437,373
86$2,288,485$758,629$496,390$1,489,162
87$2,453,070$726,961$444,178$1,545,321
88$2,632,274$691,573$388,049$1,606,352
89$2,827,519$652,214$327,802$1,672,810
90$3,040,373$608,619$263,230$1,745,316
91$3,272,558$560,508$194,115$1,824,558
92$3,525,971$507,585$120,230$1,911,301
93$3,802,699$449,536$41,337$2,006,393
94$4,105,042$386,031$0$2,110,779
95$4,435,530$316,720$0$2,236,937
96$4,796,948$241,233$0$2,387,106
97$5,192,364$159,181$0$2,551,608
98$5,625,156$70,151$0$2,731,947
99$6,099,042$0$0$2,929,784
100$6,618,118$0$0$3,155,923