Can I retire at age 72 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$73,248$72,595$71,959$71,337$70,731$70,079
2 years$36,261$35,586$34,931$34,297$33,681$33,025
3 years$23,934$23,256$22,603$21,974$21,369$20,728
4 years$17,772$17,095$16,449$15,831$15,240$14,620
5 years$14,075$13,403$12,765$12,160$11,585$10,987
6 years$11,612$10,945$10,316$9,724$9,167$8,592
7 years$9,853$9,191$8,573$7,995$7,455$6,903
8 years$8,534$7,879$7,270$6,707$6,185$5,656
9 years$7,509$6,860$6,262$5,713$5,209$4,703
10 years$6,689$6,047$5,459$4,924$4,438$3,955
11 years$6,019$5,383$4,806$4,286$3,817$3,356
12 years$5,461$4,831$4,265$3,759$3,308$2,869
13 years$4,990$4,366$3,811$3,319$2,884$2,467
14 years$4,585$3,969$3,424$2,946$2,528$2,132
15 years$4,236$3,625$3,092$2,627$2,226$1,850
16 years$3,930$3,326$2,803$2,352$1,967$1,611
17 years$3,660$3,063$2,551$2,114$1,745$1,407
18 years$3,421$2,831$2,328$1,905$1,551$1,232
19 years$3,207$2,623$2,131$1,721$1,383$1,081
20 years$3,015$2,438$1,956$1,559$1,235$950
21 years$2,841$2,271$1,799$1,415$1,105$837
22 years$2,683$2,120$1,658$1,286$991$738
23 years$2,539$1,983$1,531$1,172$889$652
24 years$2,408$1,857$1,416$1,068$799$576
25 years$2,287$1,743$1,312$976$719$510
26 years$2,175$1,638$1,216$892$648$451
27 years$2,072$1,542$1,130$817$584$400
28 years$1,977$1,453$1,050$748$527$355
29 years$1,888$1,371$977$686$476$315
30 years$1,806$1,294$910$630$430$279
31 years$1,728$1,224$849$578$389$248
32 years$1,656$1,158$792$532$352$220
33 years$1,588$1,096$739$489$318$196
34 years$1,525$1,039$691$450$288$174
35 years$1,465$986$646$414$261$155
36 years$1,409$936$604$381$236$138
37 years$1,356$889$565$351$214$123
38 years$1,305$844$529$324$194$109
39 years$1,258$803$496$299$176$97
40 years$1,213$764$465$275$160$86
41 years$1,170$727$436$254$145$77
42 years$1,129$693$409$234$132$69
43 years$1,091$660$384$216$119$61
44 years$1,054$629$360$200$108$54
45 years$1,019$600$338$185$98$48
46 years$985$572$318$170$89$43
47 years$954$546$298$158$81$38
48 years$923$521$280$146$74$34
49 years$894$498$264$135$67$30
50 years$866$476$248$124$61$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $887,000, adding $4,925 every year, while hoping to spend $21,420 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: 73/14/13 Blend
71$887,000$887,000$887,000$887,000
72$982,554$935,543$921,795$1,051,232
73$1,059,984$958,594$929,884$1,120,381
74$1,144,594$982,057$937,527$1,192,980
75$1,237,093$1,005,928$944,685$1,271,923
76$1,338,264$1,030,206$951,318$1,357,833
77$1,448,966$1,054,885$957,387$1,451,395
78$1,570,146$1,079,961$962,846$1,553,366
79$1,702,849$1,105,427$967,649$1,664,578
80$1,848,223$1,131,276$971,748$1,785,946
81$2,007,533$1,157,500$975,093$1,918,482
82$2,182,173$1,184,088$977,630$2,063,297
83$2,373,677$1,211,031$979,303$2,221,617
84$2,583,735$1,238,315$980,053$2,394,792
85$2,814,210$1,265,926$979,818$2,584,310
86$3,067,151$1,293,848$978,534$2,791,808
87$3,344,818$1,322,064$976,132$3,019,093
88$3,649,699$1,350,554$972,542$3,268,154
89$3,984,534$1,379,297$967,688$3,541,183
90$4,352,343$1,408,270$961,493$3,840,594
91$4,756,453$1,437,446$953,873$4,169,049
92$5,200,527$1,466,796$944,744$4,529,481
93$5,688,602$1,496,291$934,015$4,925,119
94$6,225,127$1,525,896$921,591$5,359,524
95$6,815,000$1,555,575$907,374$5,836,620
96$7,463,619$1,585,288$891,261$6,360,729
97$8,176,933$1,614,992$873,143$6,936,614
98$8,961,493$1,644,639$852,906$7,569,527
99$9,824,520$1,674,181$830,433$8,265,250
100$10,773,968$1,703,563$805,599$9,030,159