Can I retire at age 72 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$72,257$71,613$70,985$70,372$69,774$67,812
2 years$35,771$35,104$34,459$33,833$33,226$31,264
3 years$23,610$22,941$22,297$21,677$21,080$19,180
4 years$17,531$16,864$16,227$15,617$15,034$13,211
5 years$13,885$13,222$12,593$11,995$11,429$9,687
6 years$11,455$10,797$10,177$9,593$9,043$7,384
7 years$9,719$9,067$8,457$7,887$7,355$5,778
8 years$8,419$7,772$7,172$6,616$6,101$4,607
9 years$7,407$6,767$6,177$5,635$5,138$3,725
10 years$6,599$5,965$5,385$4,858$4,378$3,043
11 years$5,938$5,310$4,741$4,228$3,765$2,507
12 years$5,387$4,766$4,208$3,708$3,263$2,079
13 years$4,922$4,307$3,759$3,274$2,845$1,733
14 years$4,523$3,915$3,378$2,906$2,494$1,451
15 years$4,178$3,576$3,050$2,592$2,196$1,219
16 years$3,877$3,281$2,765$2,321$1,941$1,027
17 years$3,611$3,022$2,516$2,085$1,721$867
18 years$3,375$2,792$2,297$1,879$1,530$734
19 years$3,164$2,588$2,103$1,698$1,364$622
20 years$2,974$2,405$1,930$1,538$1,218$528
21 years$2,802$2,240$1,775$1,396$1,090$448
22 years$2,647$2,091$1,636$1,269$977$382
23 years$2,505$1,956$1,510$1,156$877$325
24 years$2,375$1,832$1,397$1,054$788$277
25 years$2,256$1,720$1,294$963$709$236
26 years$2,146$1,616$1,200$880$639$201
27 years$2,044$1,521$1,114$806$576$172
28 years$1,950$1,433$1,036$738$520$147
29 years$1,863$1,352$964$677$469$125
30 years$1,781$1,277$898$621$424$107
31 years$1,705$1,207$837$571$383$91
32 years$1,634$1,142$781$524$347$78
33 years$1,567$1,082$729$482$314$67
34 years$1,504$1,025$681$444$284$57
35 years$1,445$972$637$408$257$49
36 years$1,390$923$596$376$233$42
37 years$1,337$877$558$347$211$36
38 years$1,288$833$522$319$192$30
39 years$1,241$792$489$295$174$26
40 years$1,196$754$459$272$158$22
41 years$1,154$717$430$251$143$19
42 years$1,114$683$403$231$130$16
43 years$1,076$651$379$214$118$14
44 years$1,040$620$355$197$107$12
45 years$1,005$592$334$182$97$10
46 years$972$564$313$168$88$9
47 years$941$539$294$155$80$7
48 years$911$514$277$144$73$6
49 years$882$491$260$133$66$5
50 years$854$469$244$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $875,000, adding $4,785 every year, while hoping to spend $57,017 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: 61/33/6 Blend
71$875,000$875,000$875,000$875,000
72$969,186$922,811$909,248$1,026,941
73$1,007,377$907,363$879,042$1,050,668
74$1,047,553$889,247$845,914$1,069,503
75$1,089,855$868,272$809,704$1,088,592
76$1,134,440$844,237$770,248$1,107,959
77$1,181,474$816,926$727,373$1,127,632
78$1,231,143$786,114$680,898$1,147,646
79$1,283,646$751,560$630,635$1,168,041
80$1,339,203$713,011$576,386$1,188,864
81$1,398,053$670,200$517,946$1,210,171
82$1,460,455$622,841$455,099$1,232,025
83$1,526,697$570,635$387,620$1,254,501
84$1,597,090$513,266$315,275$1,277,684
85$1,671,975$450,398$237,818$1,301,673
86$1,751,725$381,676$154,994$1,326,580
87$1,836,750$306,727$66,535$1,352,535
88$1,927,498$225,156$0$1,379,685
89$2,024,458$136,545$0$1,409,982
90$2,128,171$40,453$0$1,446,493
91$2,239,224$0$0$1,485,189
92$2,358,265$0$0$1,549,427
93$2,486,003$0$0$1,634,166
94$2,623,217$0$0$1,725,239
95$2,770,762$0$0$1,823,220
96$2,929,575$0$0$1,928,738
97$3,100,688$0$0$2,042,486
98$3,285,231$0$0$2,165,221
99$3,484,449$0$0$2,297,779
100$3,699,707$0$0$2,441,076