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%17.9%
1 years$73,495$72,841$72,202$71,579$70,970$68,698
2 years$36,384$35,706$35,050$34,413$33,795$31,527
3 years$24,015$23,334$22,679$22,049$21,441$19,248
4 years$17,832$17,153$16,505$15,885$15,292$13,191
5 years$14,123$13,448$12,808$12,201$11,625$9,621
6 years$11,651$10,982$10,351$9,757$9,198$7,294
7 years$9,886$9,222$8,602$8,022$7,481$5,676
8 years$8,563$7,905$7,295$6,729$6,206$4,499
9 years$7,534$6,883$6,283$5,732$5,226$3,615
10 years$6,712$6,067$5,478$4,941$4,453$2,935
11 years$6,040$5,401$4,823$4,300$3,830$2,402
12 years$5,480$4,848$4,280$3,772$3,319$1,979
13 years$5,006$4,381$3,824$3,330$2,894$1,638
14 years$4,601$3,982$3,436$2,956$2,537$1,362
15 years$4,250$3,638$3,102$2,636$2,234$1,136
16 years$3,943$3,338$2,812$2,360$1,974$950
17 years$3,673$3,074$2,559$2,121$1,750$797
18 years$3,432$2,840$2,336$1,911$1,556$669
19 years$3,218$2,632$2,139$1,727$1,387$563
20 years$3,025$2,446$1,963$1,564$1,239$474
21 years$2,851$2,278$1,805$1,420$1,109$400
22 years$2,692$2,127$1,664$1,291$994$337
23 years$2,548$1,989$1,536$1,175$892$285
24 years$2,416$1,864$1,421$1,072$802$241
25 years$2,295$1,749$1,316$979$722$204
26 years$2,183$1,644$1,221$895$650$172
27 years$2,079$1,547$1,133$819$586$146
28 years$1,984$1,458$1,054$751$529$124
29 years$1,895$1,375$980$688$477$105
30 years$1,812$1,299$913$632$431$89
31 years$1,734$1,228$851$580$390$75
32 years$1,662$1,162$794$533$353$64
33 years$1,594$1,100$742$490$319$54
34 years$1,530$1,043$693$451$289$46
35 years$1,470$989$648$415$262$39
36 years$1,414$939$606$383$237$33
37 years$1,360$892$567$352$215$28
38 years$1,310$847$531$325$195$24
39 years$1,262$806$498$300$177$20
40 years$1,217$767$467$276$160$17
41 years$1,174$730$437$255$145$14
42 years$1,133$695$410$235$132$12
43 years$1,094$662$385$217$120$10
44 years$1,057$631$361$201$109$9
45 years$1,022$602$339$185$99$7
46 years$989$574$319$171$90$6
47 years$957$548$299$158$81$5
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 $2,852 every year, while hoping to spend $50,556 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: 53/20/27 Blend
71$890,000$890,000$890,000$890,000
72$983,722$936,552$922,757$1,028,317
73$1,030,270$928,652$899,878$1,051,599
74$1,079,872$918,670$874,538$1,071,528
75$1,132,786$906,451$846,602$1,092,201
76$1,189,294$891,831$815,927$1,113,709
77$1,249,706$874,635$782,364$1,136,156
78$1,314,362$854,678$745,760$1,159,657
79$1,383,634$831,765$705,950$1,184,345
80$1,457,931$805,687$662,765$1,210,366
81$1,537,700$776,227$616,029$1,237,888
82$1,623,435$743,151$565,555$1,267,097
83$1,715,675$706,215$511,151$1,298,203
84$1,815,013$665,159$452,613$1,331,442
85$1,922,100$619,707$389,731$1,367,079
86$2,037,651$569,570$322,285$1,405,407
87$2,162,453$514,440$250,042$1,446,759
88$2,297,369$453,993$172,764$1,491,503
89$2,443,348$387,886$90,200$1,540,051
90$2,601,434$315,757$2,086$1,592,865
91$2,772,774$237,223$0$1,650,458
92$2,958,629$151,879$0$1,739,892
93$3,160,387$59,299$0$1,837,678
94$3,379,574$0$0$1,944,011
95$3,617,867$0$0$2,068,786
96$3,877,115$0$0$2,218,808
97$4,159,348$0$0$2,382,210
98$4,466,801$0$0$2,560,298
99$4,801,936$0$0$2,754,507
100$5,167,460$0$0$2,966,416