Can I retire at age 72 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$73,495$72,841$72,202$71,579$70,970$68,726
2 years$36,384$35,706$35,050$34,413$33,795$31,554
3 years$24,015$23,334$22,679$22,049$21,441$19,274
4 years$17,832$17,153$16,505$15,885$15,292$13,216
5 years$14,123$13,448$12,808$12,201$11,625$9,644
6 years$11,651$10,982$10,351$9,757$9,198$7,316
7 years$9,886$9,222$8,602$8,022$7,481$5,695
8 years$8,563$7,905$7,295$6,729$6,206$4,517
9 years$7,534$6,883$6,283$5,732$5,226$3,632
10 years$6,712$6,067$5,478$4,941$4,453$2,951
11 years$6,040$5,401$4,823$4,300$3,830$2,417
12 years$5,480$4,848$4,280$3,772$3,319$1,992
13 years$5,006$4,381$3,824$3,330$2,894$1,650
14 years$4,601$3,982$3,436$2,956$2,537$1,373
15 years$4,250$3,638$3,102$2,636$2,234$1,146
16 years$3,943$3,338$2,812$2,360$1,974$959
17 years$3,673$3,074$2,559$2,121$1,750$805
18 years$3,432$2,840$2,336$1,911$1,556$677
19 years$3,218$2,632$2,139$1,727$1,387$570
20 years$3,025$2,446$1,963$1,564$1,239$480
21 years$2,851$2,278$1,805$1,420$1,109$405
22 years$2,692$2,127$1,664$1,291$994$342
23 years$2,548$1,989$1,536$1,175$892$289
24 years$2,416$1,864$1,421$1,072$802$245
25 years$2,295$1,749$1,316$979$722$207
26 years$2,183$1,644$1,221$895$650$175
27 years$2,079$1,547$1,133$819$586$149
28 years$1,984$1,458$1,054$751$529$126
29 years$1,895$1,375$980$688$477$107
30 years$1,812$1,299$913$632$431$90
31 years$1,734$1,228$851$580$390$77
32 years$1,662$1,162$794$533$353$65
33 years$1,594$1,100$742$490$319$55
34 years$1,530$1,043$693$451$289$47
35 years$1,470$989$648$415$262$40
36 years$1,414$939$606$383$237$34
37 years$1,360$892$567$352$215$29
38 years$1,310$847$531$325$195$24
39 years$1,262$806$498$300$177$21
40 years$1,217$767$467$276$160$17
41 years$1,174$730$437$255$145$15
42 years$1,133$695$410$235$132$13
43 years$1,094$662$385$217$120$11
44 years$1,057$631$361$201$109$9
45 years$1,022$602$339$185$99$8
46 years$989$574$319$171$90$7
47 years$957$548$299$158$81$6
48 years$926$523$281$146$74$5
49 years$897$499$265$135$67$4
50 years$869$477$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $890,000, adding $4,625 every year, while hoping to spend $56,854 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: 59/30/11 Blend
71$890,000$890,000$890,000$890,000
72$985,551$938,381$924,586$1,040,830
73$1,025,585$923,869$895,067$1,064,065
74$1,067,797$906,741$862,654$1,082,584
75$1,112,349$886,808$827,190$1,101,401
76$1,159,417$863,871$788,510$1,120,548
77$1,209,196$837,719$746,443$1,140,065
78$1,261,895$808,128$700,810$1,159,998
79$1,317,744$774,862$651,423$1,180,401
80$1,376,994$737,670$598,086$1,201,337
81$1,439,920$696,289$540,594$1,222,878
82$1,506,823$650,438$478,735$1,245,107
83$1,578,031$599,821$412,285$1,268,119
84$1,653,903$544,126$341,010$1,292,024
85$1,734,835$483,021$264,667$1,316,946
86$1,821,257$416,158$183,001$1,343,027
87$1,913,641$343,167$95,749$1,370,428
88$2,012,508$263,657$2,632$1,399,332
89$2,118,425$177,217$0$1,429,947
90$2,232,016$83,412$0$1,473,862
91$2,353,964$0$0$1,521,054
92$2,485,021$0$0$1,577,564
93$2,626,011$0$0$1,668,031
94$2,777,838$0$0$1,765,507
95$2,941,498$0$0$1,870,636
96$3,118,080$0$0$1,984,128
97$3,308,785$0$0$2,106,760
98$3,514,932$0$0$2,239,389
99$3,737,967$0$0$2,382,955
100$3,979,484$0$0$2,538,492