Can I retire at age 72 with 895,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$73,908$73,250$72,608$71,981$71,369$70,859
2 years$36,588$35,907$35,246$34,606$33,985$33,472
3 years$24,150$23,466$22,807$22,172$21,561$21,060
4 years$17,932$17,250$16,597$15,974$15,378$14,892
5 years$14,202$13,524$12,880$12,270$11,690$11,221
6 years$11,716$11,043$10,409$9,812$9,250$8,798
7 years$9,942$9,274$8,650$8,067$7,523$7,089
8 years$8,611$7,950$7,336$6,767$6,241$5,824
9 years$7,577$6,922$6,318$5,764$5,256$4,857
10 years$6,750$6,101$5,509$4,969$4,478$4,097
11 years$6,074$5,431$4,850$4,324$3,851$3,487
12 years$5,511$4,875$4,304$3,793$3,337$2,990
13 years$5,035$4,406$3,845$3,349$2,910$2,580
14 years$4,627$4,004$3,455$2,973$2,551$2,236
15 years$4,274$3,658$3,119$2,651$2,246$1,947
16 years$3,965$3,356$2,828$2,374$1,985$1,701
17 years$3,693$3,091$2,574$2,133$1,760$1,491
18 years$3,452$2,856$2,349$1,922$1,565$1,310
19 years$3,236$2,647$2,151$1,737$1,395$1,154
20 years$3,042$2,460$1,974$1,573$1,246$1,018
21 years$2,867$2,291$1,816$1,428$1,115$900
22 years$2,707$2,139$1,673$1,298$1,000$797
23 years$2,562$2,000$1,545$1,182$897$706
24 years$2,429$1,874$1,429$1,078$806$627
25 years$2,307$1,759$1,323$985$726$557
26 years$2,195$1,653$1,227$900$654$495
27 years$2,091$1,556$1,140$824$589$440
28 years$1,995$1,466$1,060$755$532$392
29 years$1,905$1,383$986$692$480$349
30 years$1,822$1,306$918$635$434$311
31 years$1,744$1,235$856$584$392$277
32 years$1,671$1,168$799$536$355$248
33 years$1,603$1,106$746$493$321$221
34 years$1,539$1,049$697$454$291$197
35 years$1,478$995$652$418$263$176
36 years$1,421$944$610$385$239$157
37 years$1,368$897$571$354$216$141
38 years$1,317$852$534$327$196$126
39 years$1,269$810$501$301$178$112
40 years$1,224$771$469$278$161$100
41 years$1,180$734$440$256$146$90
42 years$1,139$699$413$237$133$80
43 years$1,100$666$387$218$120$72
44 years$1,063$635$363$202$109$64
45 years$1,028$605$341$186$99$57
46 years$994$577$321$172$90$51
47 years$962$551$301$159$82$46
48 years$931$526$283$147$74$41
49 years$902$502$266$136$68$37
50 years$874$480$250$125$61$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $895,000, adding $4,090 every year, while hoping to spend $36,763 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: 76/17/7 Blend
71$895,000$895,000$895,000$895,000
72$990,509$943,074$929,201$1,064,600
73$1,052,425$950,169$921,214$1,120,966
74$1,119,425$956,379$911,727$1,177,609
75$1,191,988$961,623$900,651$1,238,628
76$1,270,641$965,813$887,893$1,304,441
77$1,355,964$968,856$873,356$1,375,512
78$1,448,596$970,653$856,937$1,452,348
79$1,549,237$971,100$838,528$1,535,512
80$1,658,659$970,084$818,019$1,625,621
81$1,777,712$967,488$795,292$1,723,358
82$1,907,329$963,185$770,225$1,829,473
83$2,048,538$957,042$742,689$1,944,795
84$2,202,470$948,918$712,550$2,070,235
85$2,370,370$938,663$679,669$2,206,800
86$2,553,608$926,118$643,898$2,355,598
87$2,753,692$911,115$605,085$2,517,852
88$2,972,283$893,474$563,070$2,694,908
89$3,211,208$873,006$517,685$2,888,253
90$3,472,480$849,512$468,756$3,099,522
91$3,758,314$822,779$416,100$3,330,521
92$4,071,150$792,583$359,527$3,583,240
93$4,413,674$758,686$298,838$3,859,871
94$4,788,844$720,837$233,825$4,162,833
95$5,199,918$678,771$164,270$4,494,790
96$5,650,485$632,205$89,947$4,858,682
97$6,144,494$580,843$10,621$5,257,749
98$6,686,299$524,370$0$5,695,560
99$7,280,692$462,455$0$6,181,583
100$7,932,954$394,747$0$6,715,835