Can I retire at age 72 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$72,835$72,186$71,553$70,935$70,332$68,743
2 years$36,057$35,385$34,734$34,103$33,491$31,899
3 years$23,799$23,125$22,475$21,850$21,248$19,703
4 years$17,671$16,999$16,356$15,742$15,154$13,667
5 years$13,996$13,327$12,693$12,091$11,520$10,095
6 years$11,546$10,883$10,258$9,670$9,116$7,755
7 years$9,797$9,139$8,524$7,950$7,413$6,117
8 years$8,486$7,834$7,229$6,669$6,150$4,917
9 years$7,467$6,821$6,227$5,680$5,179$4,009
10 years$6,652$6,012$5,429$4,897$4,413$3,304
11 years$5,985$5,353$4,779$4,262$3,795$2,746
12 years$5,431$4,804$4,241$3,738$3,289$2,298
13 years$4,961$4,342$3,789$3,300$2,868$1,934
14 years$4,560$3,946$3,405$2,929$2,514$1,635
15 years$4,212$3,605$3,074$2,613$2,214$1,387
16 years$3,908$3,308$2,787$2,339$1,956$1,180
17 years$3,640$3,046$2,536$2,102$1,735$1,007
18 years$3,402$2,815$2,315$1,894$1,542$861
19 years$3,189$2,609$2,119$1,711$1,375$737
20 years$2,998$2,424$1,945$1,550$1,228$632
21 years$2,825$2,258$1,789$1,407$1,099$543
22 years$2,668$2,108$1,649$1,279$985$467
23 years$2,525$1,971$1,523$1,165$884$402
24 years$2,394$1,847$1,408$1,062$795$346
25 years$2,274$1,733$1,304$970$715$299
26 years$2,163$1,629$1,210$887$644$258
27 years$2,061$1,533$1,123$812$581$222
28 years$1,966$1,445$1,044$744$524$192
29 years$1,878$1,363$972$682$473$166
30 years$1,795$1,287$905$626$428$143
31 years$1,719$1,217$844$575$387$124
32 years$1,647$1,151$787$529$350$107
33 years$1,580$1,090$735$486$316$92
34 years$1,516$1,033$687$447$287$80
35 years$1,457$980$642$412$260$69
36 years$1,401$930$601$379$235$60
37 years$1,348$884$562$349$213$52
38 years$1,298$840$526$322$193$45
39 years$1,251$798$493$297$175$39
40 years$1,206$760$462$274$159$34
41 years$1,163$723$434$253$144$29
42 years$1,123$689$407$233$131$25
43 years$1,085$656$382$215$119$22
44 years$1,048$625$358$199$108$19
45 years$1,013$596$336$184$98$16
46 years$980$569$316$170$89$14
47 years$948$543$297$157$81$12
48 years$918$518$279$145$73$11
49 years$889$495$262$134$67$9
50 years$861$473$246$124$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $882,000, adding $5,679 every year, while hoping to spend $21,056 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: 42/28/30 Blend
71$882,000$882,000$882,000$882,000
72$977,822$931,076$917,405$1,010,102
73$1,055,156$954,295$925,735$1,057,180
74$1,139,673$977,947$933,638$1,105,742
75$1,232,083$1,002,029$941,077$1,157,942
76$1,333,167$1,026,540$948,015$1,214,129
77$1,443,788$1,051,478$954,412$1,274,688
78$1,564,893$1,076,839$960,223$1,340,044
79$1,697,526$1,102,619$965,405$1,410,666
80$1,842,839$1,128,812$969,911$1,487,069
81$2,002,096$1,155,411$973,690$1,569,823
82$2,176,693$1,182,410$976,692$1,659,554
83$2,368,166$1,209,798$978,862$1,756,955
84$2,578,207$1,237,566$980,141$1,862,787
85$2,808,679$1,265,702$980,472$1,977,892
86$3,061,636$1,294,193$979,789$2,103,195
87$3,339,338$1,323,024$978,027$2,239,719
88$3,644,277$1,352,178$975,117$2,388,590
89$3,979,195$1,381,637$970,986$2,551,050
90$4,347,116$1,411,380$965,557$2,728,469
91$4,751,369$1,441,385$958,750$2,922,356
92$5,195,623$1,471,627$950,482$3,134,376
93$5,683,918$1,502,079$940,665$3,366,364
94$6,220,708$1,532,711$929,208$3,620,343
95$6,810,896$1,563,490$916,012$3,898,545
96$7,459,888$1,594,381$900,978$4,203,430
97$8,173,636$1,625,345$884,001$4,537,708
98$8,958,701$1,656,341$864,969$4,904,370
99$9,822,310$1,687,324$843,768$5,306,711
100$10,772,427$1,718,244$820,275$5,748,367