Can I retire at age 72 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$72,917$72,268$71,634$71,016$70,412$67,591
2 years$36,098$35,425$34,774$34,142$33,529$30,723
3 years$23,826$23,151$22,501$21,875$21,272$18,569
4 years$17,691$17,018$16,375$15,760$15,172$12,592
5 years$14,012$13,343$12,708$12,105$11,533$9,083
6 years$11,559$10,895$10,270$9,681$9,126$6,807
7 years$9,808$9,150$8,534$7,959$7,422$5,233
8 years$8,496$7,843$7,238$6,677$6,157$4,097
9 years$7,475$6,829$6,234$5,687$5,185$3,250
10 years$6,659$6,019$5,435$4,902$4,418$2,604
11 years$5,992$5,359$4,785$4,266$3,800$2,102
12 years$5,437$4,810$4,246$3,742$3,293$1,708
13 years$4,967$4,346$3,794$3,304$2,871$1,394
14 years$4,565$3,951$3,409$2,933$2,517$1,142
15 years$4,216$3,609$3,078$2,615$2,216$938
16 years$3,912$3,311$2,790$2,342$1,959$773
17 years$3,644$3,050$2,539$2,104$1,737$638
18 years$3,405$2,818$2,318$1,896$1,544$528
19 years$3,192$2,612$2,122$1,713$1,376$437
20 years$3,001$2,427$1,947$1,552$1,229$362
21 years$2,828$2,261$1,791$1,408$1,100$300
22 years$2,671$2,110$1,651$1,281$986$249
23 years$2,528$1,974$1,524$1,166$885$207
24 years$2,397$1,849$1,410$1,064$796$172
25 years$2,277$1,735$1,306$971$716$143
26 years$2,166$1,631$1,211$888$645$119
27 years$2,063$1,535$1,124$813$581$99
28 years$1,968$1,446$1,045$745$525$83
29 years$1,880$1,364$973$683$474$69
30 years$1,797$1,289$906$627$428$57
31 years$1,721$1,218$845$576$387$48
32 years$1,649$1,153$788$529$350$40
33 years$1,581$1,092$736$487$317$33
34 years$1,518$1,034$688$448$287$28
35 years$1,459$981$643$412$260$23
36 years$1,402$931$601$380$235$19
37 years$1,349$885$563$350$213$16
38 years$1,299$841$527$322$193$13
39 years$1,252$799$494$297$175$11
40 years$1,207$761$463$274$159$9
41 years$1,165$724$434$253$144$8
42 years$1,124$689$407$233$131$6
43 years$1,086$657$382$215$119$5
44 years$1,049$626$359$199$108$4
45 years$1,014$597$337$184$98$4
46 years$981$570$316$170$89$3
47 years$949$544$297$157$81$3
48 years$919$519$279$145$73$2
49 years$890$496$262$134$67$2
50 years$862$473$247$124$60$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $883,000, adding $5,858 every year, while hoping to spend $43,849 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: 65/28/7 Blend
71$883,000$883,000$883,000$883,000
72$979,109$932,310$918,623$1,041,133
73$1,032,323$931,338$902,742$1,082,157
74$1,089,495$928,849$884,859$1,121,206
75$1,150,983$924,722$864,861$1,162,715
76$1,217,179$918,829$842,630$1,206,921
77$1,288,514$911,034$818,041$1,254,083
78$1,365,461$901,194$790,964$1,304,488
79$1,448,541$889,155$761,265$1,358,455
80$1,538,325$874,757$728,800$1,416,336
81$1,635,441$857,827$693,421$1,478,518
82$1,740,580$838,183$654,974$1,545,433
83$1,854,499$815,635$613,296$1,617,555
84$1,978,035$789,977$568,218$1,695,411
85$2,112,103$760,996$519,563$1,779,582
86$2,257,715$728,461$467,145$1,870,712
87$2,415,980$692,134$410,772$1,969,509
88$2,588,118$651,757$350,242$2,076,761
89$2,775,475$607,062$285,344$2,193,334
90$2,979,529$557,763$215,858$2,320,189
91$3,201,905$503,558$141,554$2,458,386
92$3,444,396$444,129$62,193$2,609,097
93$3,708,972$379,139$0$2,773,617
94$3,997,802$308,231$0$2,955,056
95$4,313,274$231,031$0$3,158,381
96$4,658,016$147,139$0$3,380,709
97$5,034,923$56,138$0$3,623,988
98$5,447,180$0$0$3,890,372
99$5,898,297$0$0$4,195,305
100$6,392,136$0$0$4,548,108