Can I retire at age 72 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$73,000$72,350$71,715$71,096$70,491$68,759
2 years$36,139$35,466$34,813$34,181$33,567$31,833
3 years$23,853$23,177$22,526$21,900$21,296$19,614
4 years$17,712$17,038$16,393$15,778$15,189$13,571
5 years$14,028$13,358$12,722$12,119$11,546$9,998
6 years$11,572$10,908$10,281$9,691$9,136$7,659
7 years$9,819$9,160$8,544$7,968$7,430$6,024
8 years$8,505$7,852$7,246$6,684$6,164$4,829
9 years$7,484$6,837$6,241$5,693$5,191$3,925
10 years$6,667$6,026$5,441$4,908$4,423$3,225
11 years$5,999$5,365$4,790$4,271$3,804$2,672
12 years$5,443$4,815$4,251$3,746$3,296$2,229
13 years$4,973$4,351$3,798$3,308$2,875$1,869
14 years$4,570$3,955$3,413$2,936$2,520$1,574
15 years$4,221$3,613$3,081$2,618$2,219$1,331
16 years$3,916$3,315$2,793$2,345$1,961$1,129
17 years$3,648$3,053$2,542$2,107$1,739$959
18 years$3,409$2,821$2,320$1,898$1,546$817
19 years$3,196$2,615$2,124$1,715$1,378$697
20 years$3,004$2,430$1,950$1,554$1,231$596
21 years$2,831$2,263$1,793$1,410$1,101$510
22 years$2,674$2,113$1,653$1,282$987$437
23 years$2,531$1,976$1,526$1,168$886$375
24 years$2,400$1,851$1,411$1,065$797$321
25 years$2,279$1,737$1,307$973$717$276
26 years$2,168$1,633$1,212$889$646$237
27 years$2,065$1,537$1,126$814$582$204
28 years$1,970$1,448$1,047$746$525$175
29 years$1,882$1,366$974$684$474$151
30 years$1,799$1,290$907$628$429$130
31 years$1,723$1,219$846$576$387$112
32 years$1,651$1,154$789$530$350$96
33 years$1,583$1,093$737$487$317$83
34 years$1,520$1,036$688$448$287$71
35 years$1,460$982$644$413$260$61
36 years$1,404$932$602$380$236$53
37 years$1,351$886$563$350$214$46
38 years$1,301$842$528$323$194$39
39 years$1,253$800$494$298$176$34
40 years$1,209$761$463$274$159$29
41 years$1,166$725$435$253$144$25
42 years$1,125$690$408$234$131$22
43 years$1,087$658$382$216$119$19
44 years$1,050$627$359$199$108$16
45 years$1,015$598$337$184$98$14
46 years$982$570$317$170$89$12
47 years$950$544$297$157$81$10
48 years$920$520$280$145$73$9
49 years$891$496$263$134$67$8
50 years$863$474$247$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $884,000, adding $2,899 every year, while hoping to spend $40,467 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: 57/32/11 Blend
71$884,000$884,000$884,000$884,000
72$977,158$930,306$916,604$1,030,050
73$1,033,772$932,835$904,254$1,068,625
74$1,094,804$934,131$890,134$1,105,896
75$1,160,662$934,091$874,141$1,145,541
76$1,231,794$932,607$856,170$1,187,793
77$1,308,694$929,561$836,108$1,232,909
78$1,391,902$924,831$813,839$1,281,175
79$1,482,013$918,285$789,240$1,332,906
80$1,579,682$909,784$762,183$1,388,453
81$1,685,628$899,182$732,535$1,448,203
82$1,800,643$886,323$700,155$1,512,585
83$1,925,596$871,040$664,898$1,582,074
84$2,061,444$853,159$626,610$1,657,194
85$2,209,242$832,494$585,131$1,738,527
86$2,370,147$808,848$540,295$1,826,716
87$2,545,434$782,014$491,928$1,922,472
88$2,736,508$751,772$439,846$2,026,582
89$2,944,911$717,888$383,860$2,139,917
90$3,172,343$680,116$323,771$2,263,439
91$3,420,676$638,195$259,371$2,398,211
92$3,691,968$591,850$190,443$2,545,411
93$3,988,487$540,789$116,762$2,706,340
94$4,312,729$484,704$38,090$2,882,434
95$4,667,443$423,270$0$3,075,284
96$5,055,654$356,142$0$3,292,029
97$5,480,694$282,957$0$3,534,347
98$5,946,234$203,331$0$3,799,939
99$6,456,314$116,858$0$4,091,207
100$7,015,384$23,110$0$4,410,802