Can I retire at age 72 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$72,422$71,777$71,147$70,533$69,933$68,437
2 years$35,852$35,185$34,538$33,910$33,302$31,802
3 years$23,664$22,994$22,348$21,727$21,128$19,671
4 years$17,571$16,903$16,264$15,653$15,069$13,666
5 years$13,916$13,252$12,621$12,023$11,455$10,110
6 years$11,481$10,821$10,200$9,615$9,064$7,779
7 years$9,742$9,088$8,476$7,905$7,371$6,146
8 years$8,438$7,790$7,188$6,631$6,115$4,949
9 years$7,424$6,782$6,191$5,648$5,150$4,042
10 years$6,614$5,978$5,398$4,869$4,388$3,338
11 years$5,951$5,322$4,752$4,237$3,774$2,780
12 years$5,400$4,777$4,217$3,717$3,270$2,331
13 years$4,933$4,317$3,768$3,281$2,852$1,965
14 years$4,534$3,924$3,386$2,913$2,500$1,664
15 years$4,188$3,585$3,057$2,598$2,201$1,415
16 years$3,885$3,289$2,771$2,326$1,945$1,207
17 years$3,619$3,029$2,522$2,090$1,725$1,032
18 years$3,382$2,799$2,302$1,883$1,534$884
19 years$3,171$2,594$2,107$1,702$1,367$759
20 years$2,981$2,410$1,934$1,541$1,221$652
21 years$2,809$2,245$1,779$1,399$1,093$562
22 years$2,653$2,096$1,640$1,272$979$484
23 years$2,511$1,960$1,514$1,158$879$418
24 years$2,381$1,837$1,400$1,056$790$361
25 years$2,261$1,724$1,297$965$711$312
26 years$2,151$1,620$1,203$882$641$269
27 years$2,049$1,524$1,117$807$577$233
28 years$1,955$1,436$1,038$740$521$202
29 years$1,867$1,355$966$678$471$175
30 years$1,785$1,280$900$623$425$151
31 years$1,709$1,210$839$572$384$131
32 years$1,638$1,145$783$526$348$114
33 years$1,571$1,084$731$483$315$98
34 years$1,508$1,027$683$445$285$85
35 years$1,449$975$638$409$258$74
36 years$1,393$925$597$377$234$64
37 years$1,340$879$559$347$212$56
38 years$1,291$835$524$320$192$48
39 years$1,244$794$490$295$174$42
40 years$1,199$755$460$272$158$36
41 years$1,157$719$431$251$143$32
42 years$1,117$685$404$232$130$27
43 years$1,078$652$379$214$118$24
44 years$1,042$622$356$198$107$21
45 years$1,007$593$334$182$97$18
46 years$974$566$314$169$88$16
47 years$943$540$295$156$80$13
48 years$913$515$277$144$73$12
49 years$884$492$261$133$66$10
50 years$856$470$245$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $877,000, adding $4,410 every year, while hoping to spend $28,605 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: 57/15/28 Blend
71$877,000$877,000$877,000$877,000
72$971,003$924,522$910,928$1,018,663
73$1,039,610$939,388$911,009$1,066,740
74$1,114,256$954,024$910,134$1,115,749
75$1,195,527$968,388$908,240$1,168,585
76$1,284,067$982,436$905,263$1,225,626
77$1,380,587$996,120$901,134$1,287,291
78$1,485,866$1,009,389$895,781$1,354,041
79$1,600,764$1,022,188$889,129$1,426,386
80$1,726,227$1,034,461$881,100$1,504,888
81$1,863,295$1,046,143$871,611$1,590,168
82$2,013,117$1,057,169$860,575$1,682,910
83$2,176,952$1,067,468$847,902$1,783,870
84$2,356,191$1,076,964$833,497$1,893,881
85$2,552,365$1,085,577$817,261$2,013,863
86$2,767,157$1,093,221$799,090$2,144,831
87$3,002,423$1,099,805$778,875$2,287,905
88$3,260,206$1,105,232$756,503$2,444,320
89$3,542,757$1,109,397$731,856$2,615,438
90$3,852,552$1,112,193$704,808$2,802,764
91$4,192,323$1,113,500$675,229$3,007,955
92$4,565,075$1,113,197$642,984$3,232,842
93$4,974,119$1,111,150$607,931$3,479,443
94$5,423,104$1,107,221$569,921$3,749,984
95$5,916,045$1,101,260$528,798$4,046,920
96$6,457,370$1,093,110$484,401$4,372,960
97$7,051,954$1,082,604$436,561$4,731,091
98$7,705,167$1,069,565$385,099$5,124,608
99$8,422,926$1,053,806$329,832$5,557,144
100$9,211,749$1,035,127$270,566$6,032,706