Can I retire at age 72 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$72,752$72,104$71,472$70,855$70,252$68,862
2 years$36,016$35,345$34,695$34,065$33,453$32,059
3 years$23,772$23,098$22,450$21,826$21,224$19,868
4 years$17,651$16,980$16,338$15,724$15,137$13,831
5 years$13,980$13,312$12,679$12,078$11,507$10,254
6 years$11,533$10,871$10,246$9,659$9,105$7,906
7 years$9,786$9,129$8,515$7,941$7,405$6,261
8 years$8,476$7,825$7,221$6,661$6,143$5,054
9 years$7,458$6,813$6,220$5,674$5,173$4,138
10 years$6,644$6,006$5,422$4,891$4,408$3,425
11 years$5,979$5,346$4,774$4,257$3,791$2,859
12 years$5,424$4,799$4,237$3,734$3,285$2,404
13 years$4,956$4,337$3,785$3,296$2,865$2,032
14 years$4,554$3,942$3,401$2,926$2,511$1,726
15 years$4,207$3,601$3,071$2,610$2,211$1,471
16 years$3,903$3,304$2,784$2,337$1,954$1,258
17 years$3,635$3,043$2,533$2,099$1,733$1,079
18 years$3,398$2,812$2,313$1,892$1,541$927
19 years$3,185$2,606$2,117$1,710$1,373$798
20 years$2,994$2,421$1,943$1,548$1,227$688
21 years$2,822$2,255$1,787$1,405$1,098$594
22 years$2,665$2,105$1,647$1,278$984$514
23 years$2,522$1,969$1,521$1,164$883$445
24 years$2,391$1,845$1,406$1,061$794$385
25 years$2,271$1,731$1,303$969$714$334
26 years$2,161$1,627$1,208$886$643$290
27 years$2,058$1,531$1,122$811$580$251
28 years$1,964$1,443$1,043$743$523$218
29 years$1,875$1,361$971$682$473$190
30 years$1,793$1,286$904$625$427$165
31 years$1,717$1,215$843$574$386$143
32 years$1,645$1,150$786$528$349$125
33 years$1,578$1,089$734$485$316$108
34 years$1,515$1,032$686$447$286$94
35 years$1,455$979$641$411$259$82
36 years$1,399$929$600$379$235$71
37 years$1,346$883$562$349$213$62
38 years$1,296$839$526$322$193$54
39 years$1,249$798$493$297$175$47
40 years$1,204$759$462$274$159$41
41 years$1,162$722$433$252$144$36
42 years$1,122$688$406$233$131$31
43 years$1,083$655$381$215$119$27
44 years$1,047$625$358$199$108$24
45 years$1,012$596$336$183$98$20
46 years$979$568$316$169$89$18
47 years$947$542$296$156$81$16
48 years$917$518$279$145$73$14
49 years$888$494$262$134$66$12
50 years$860$472$246$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $881,000, adding $6,733 every year, while hoping to spend $51,667 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: 59/17/24 Blend
71$881,000$881,000$881,000$881,000
72$977,807$931,114$917,459$1,028,831
73$1,022,570$921,765$893,220$1,054,996
74$1,070,167$910,227$866,438$1,077,374
75$1,120,833$896,337$836,973$1,100,667
76$1,174,825$879,924$804,678$1,124,975
77$1,232,423$860,806$769,400$1,150,410
78$1,293,935$838,791$730,981$1,177,099
79$1,359,700$813,675$689,252$1,205,183
80$1,430,087$785,243$644,039$1,234,822
81$1,505,502$753,266$595,161$1,266,194
82$1,586,390$717,502$542,425$1,299,497
83$1,673,239$677,697$485,634$1,334,955
84$1,766,585$633,581$424,579$1,372,817
85$1,867,018$584,867$359,043$1,413,359
86$1,975,182$531,253$288,799$1,456,893
87$2,091,787$472,421$213,610$1,503,765
88$2,217,612$408,033$133,229$1,554,359
89$2,353,514$337,733$47,398$1,609,104
90$2,500,434$261,143$0$1,668,480
91$2,659,407$177,867$0$1,744,337
92$2,831,567$87,484$0$1,839,635
93$3,018,167$0$0$1,942,959
94$3,220,580$0$0$2,057,072
95$3,440,318$0$0$2,198,779
96$3,679,043$0$0$2,352,795
97$3,938,584$0$0$2,520,307
98$4,220,953$0$0$2,702,623
99$4,528,364$0$0$2,901,180
100$4,863,252$0$0$3,117,560