Can I retire at age 72 with 877,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$72,422$71,777$71,147$70,533$69,933$68,577
2 years$35,852$35,185$34,538$33,910$33,302$31,941
3 years$23,664$22,994$22,348$21,727$21,128$19,805
4 years$17,571$16,903$16,264$15,653$15,069$13,794
5 years$13,916$13,252$12,621$12,023$11,455$10,232
6 years$11,481$10,821$10,200$9,615$9,064$7,894
7 years$9,742$9,088$8,476$7,905$7,371$6,254
8 years$8,438$7,790$7,188$6,631$6,115$5,051
9 years$7,424$6,782$6,191$5,648$5,150$4,138
10 years$6,614$5,978$5,398$4,869$4,388$3,427
11 years$5,951$5,322$4,752$4,237$3,774$2,863
12 years$5,400$4,777$4,217$3,717$3,270$2,409
13 years$4,933$4,317$3,768$3,281$2,852$2,038
14 years$4,534$3,924$3,386$2,913$2,500$1,732
15 years$4,188$3,585$3,057$2,598$2,201$1,477
16 years$3,885$3,289$2,771$2,326$1,945$1,264
17 years$3,619$3,029$2,522$2,090$1,725$1,085
18 years$3,382$2,799$2,302$1,883$1,534$933
19 years$3,171$2,594$2,107$1,702$1,367$804
20 years$2,981$2,410$1,934$1,541$1,221$694
21 years$2,809$2,245$1,779$1,399$1,093$599
22 years$2,653$2,096$1,640$1,272$979$519
23 years$2,511$1,960$1,514$1,158$879$449
24 years$2,381$1,837$1,400$1,056$790$389
25 years$2,261$1,724$1,297$965$711$338
26 years$2,151$1,620$1,203$882$641$293
27 years$2,049$1,524$1,117$807$577$255
28 years$1,955$1,436$1,038$740$521$221
29 years$1,867$1,355$966$678$471$192
30 years$1,785$1,280$900$623$425$167
31 years$1,709$1,210$839$572$384$146
32 years$1,638$1,145$783$526$348$127
33 years$1,571$1,084$731$483$315$110
34 years$1,508$1,027$683$445$285$96
35 years$1,449$975$638$409$258$84
36 years$1,393$925$597$377$234$73
37 years$1,340$879$559$347$212$63
38 years$1,291$835$524$320$192$55
39 years$1,244$794$490$295$174$48
40 years$1,199$755$460$272$158$42
41 years$1,157$719$431$251$143$37
42 years$1,117$685$404$232$130$32
43 years$1,078$652$379$214$118$28
44 years$1,042$622$356$198$107$24
45 years$1,007$593$334$182$97$21
46 years$974$566$314$169$88$18
47 years$943$540$295$156$80$16
48 years$913$515$277$144$73$14
49 years$884$492$261$133$66$12
50 years$856$470$245$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $877,000, adding $2,752 every year, while hoping to spend $44,276 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: 42/31/27 Blend
71$877,000$877,000$877,000$877,000
72$969,293$922,812$909,218$1,002,239
73$1,021,051$920,920$892,568$1,024,284
74$1,076,605$917,452$873,875$1,043,752
75$1,136,295$912,283$853,026$1,063,983
76$1,200,494$905,282$829,900$1,085,073
77$1,269,613$896,310$804,370$1,107,131
78$1,344,102$885,217$776,305$1,130,282
79$1,424,456$871,849$745,567$1,154,665
80$1,511,219$856,037$712,012$1,180,437
81$1,604,988$837,608$675,488$1,207,776
82$1,706,419$816,373$635,840$1,236,881
83$1,816,235$792,136$592,902$1,267,976
84$1,935,229$764,689$546,501$1,301,313
85$2,064,272$733,808$496,459$1,337,174
86$2,204,325$699,262$442,588$1,375,874
87$2,356,442$660,802$384,691$1,417,766
88$2,521,785$618,167$322,563$1,463,246
89$2,701,629$571,080$255,992$1,512,755
90$2,897,381$519,248$184,752$1,566,786
91$3,110,585$462,362$108,613$1,625,888
92$3,342,942$400,095$27,329$1,690,676
93$3,596,324$332,102$0$1,761,833
94$3,872,793$258,019$0$1,857,236
95$4,174,615$177,459$0$1,970,130
96$4,504,286$90,015$0$2,093,657
97$4,864,556$0$0$2,228,949
98$5,258,450$0$0$2,378,874
99$5,689,299$0$0$2,576,558
100$6,160,770$0$0$2,792,988