Can I retire at age 72 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$72,504$71,859$71,228$70,613$70,013$69,024
2 years$35,893$35,225$34,577$33,949$33,340$32,345
3 years$23,691$23,020$22,374$21,751$21,152$20,183
4 years$17,591$16,922$16,282$15,671$15,086$14,149
5 years$13,932$13,267$12,636$12,037$11,468$10,567
6 years$11,494$10,834$10,212$9,626$9,074$8,210
7 years$9,753$9,098$8,486$7,914$7,380$6,553
8 years$8,447$7,799$7,197$6,639$6,122$5,332
9 years$7,433$6,790$6,198$5,655$5,156$4,402
10 years$6,622$5,985$5,404$4,874$4,393$3,675
11 years$5,958$5,328$4,758$4,242$3,778$3,096
12 years$5,406$4,782$4,222$3,721$3,274$2,626
13 years$4,939$4,322$3,772$3,285$2,855$2,240
14 years$4,539$3,928$3,389$2,916$2,503$1,921
15 years$4,193$3,589$3,060$2,601$2,204$1,653
16 years$3,890$3,293$2,775$2,329$1,948$1,428
17 years$3,623$3,032$2,525$2,092$1,727$1,236
18 years$3,386$2,802$2,305$1,886$1,535$1,073
19 years$3,174$2,597$2,110$1,704$1,369$934
20 years$2,984$2,413$1,936$1,543$1,222$814
21 years$2,812$2,248$1,781$1,400$1,094$710
22 years$2,656$2,098$1,642$1,273$981$621
23 years$2,514$1,962$1,516$1,160$880$543
24 years$2,383$1,839$1,402$1,058$791$476
25 years$2,264$1,725$1,298$966$712$417
26 years$2,153$1,622$1,204$883$641$366
27 years$2,051$1,526$1,118$808$578$321
28 years$1,957$1,438$1,039$741$522$282
29 years$1,869$1,357$967$679$471$248
30 years$1,787$1,281$901$623$426$218
31 years$1,711$1,211$840$572$385$191
32 years$1,639$1,146$784$526$348$168
33 years$1,572$1,085$732$484$315$148
34 years$1,509$1,029$684$445$285$130
35 years$1,450$976$639$410$258$115
36 years$1,394$926$598$377$234$101
37 years$1,342$880$560$348$212$89
38 years$1,292$836$524$321$192$78
39 years$1,245$795$491$296$174$69
40 years$1,200$756$460$273$158$61
41 years$1,158$720$432$251$144$54
42 years$1,118$686$405$232$130$47
43 years$1,080$653$380$214$118$42
44 years$1,043$623$357$198$107$37
45 years$1,009$594$335$183$97$32
46 years$975$566$314$169$88$29
47 years$944$541$295$156$80$25
48 years$914$516$278$144$73$22
49 years$885$493$261$133$66$20
50 years$857$471$245$123$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $878,000, adding $3,173 every year, while hoping to spend $23,313 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: 86/9/5 Blend
71$878,000$878,000$878,000$878,000
72$970,829$924,295$910,686$1,054,089
73$1,045,049$944,781$916,389$1,129,291
74$1,126,057$965,489$921,502$1,208,358
75$1,214,523$986,405$925,980$1,294,480
76$1,311,181$1,007,516$929,777$1,388,352
77$1,416,840$1,028,803$932,843$1,490,736
78$1,532,392$1,050,249$935,128$1,602,473
79$1,658,818$1,071,833$936,577$1,724,487
80$1,797,199$1,093,533$937,133$1,857,799
81$1,948,723$1,115,327$936,737$2,003,530
82$2,114,701$1,137,186$935,326$2,162,915
83$2,296,577$1,159,084$932,835$2,337,318
84$2,495,938$1,180,989$929,195$2,528,236
85$2,714,534$1,202,869$924,335$2,737,322
86$2,954,294$1,224,687$918,177$2,966,396
87$3,217,341$1,246,405$910,645$3,217,461
88$3,506,011$1,267,981$901,653$3,492,725
89$3,822,882$1,289,370$891,116$3,794,622
90$4,170,791$1,310,523$878,943$4,125,830
91$4,552,862$1,331,389$865,038$4,489,302
92$4,972,539$1,351,913$849,302$4,888,291
93$5,433,615$1,372,033$831,631$5,326,380
94$5,940,267$1,391,686$811,914$5,807,518
95$6,497,100$1,410,804$790,038$6,336,054
96$7,109,183$1,429,313$765,884$6,916,782
97$7,782,104$1,447,134$739,325$7,554,982
98$8,522,019$1,464,183$710,233$8,256,475
99$9,335,708$1,480,371$678,469$9,027,670
100$10,230,643$1,495,603$643,891$9,875,634