Can I retire at age 72 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$73,991$73,332$72,689$72,061$71,448$70,178
2 years$36,629$35,947$35,286$34,645$34,023$32,748
3 years$24,177$23,492$22,832$22,197$21,586$20,345
4 years$17,952$17,269$16,616$15,992$15,395$14,198
5 years$14,218$13,539$12,895$12,283$11,703$10,554
6 years$11,729$11,056$10,421$9,823$9,260$8,160
7 years$9,953$9,285$8,660$8,076$7,531$6,480
8 years$8,621$7,959$7,344$6,775$6,248$5,245
9 years$7,585$6,929$6,326$5,771$5,261$4,307
10 years$6,757$6,108$5,515$4,974$4,483$3,577
11 years$6,080$5,437$4,855$4,329$3,856$2,995
12 years$5,517$4,880$4,309$3,797$3,341$2,526
13 years$5,040$4,410$3,850$3,352$2,914$2,143
14 years$4,632$4,009$3,459$2,976$2,554$1,826
15 years$4,279$3,662$3,123$2,654$2,249$1,562
16 years$3,970$3,360$2,831$2,376$1,987$1,340
17 years$3,697$3,094$2,576$2,135$1,762$1,153
18 years$3,456$2,859$2,352$1,924$1,567$995
19 years$3,239$2,650$2,153$1,739$1,397$860
20 years$3,045$2,463$1,976$1,575$1,247$744
21 years$2,870$2,294$1,818$1,429$1,116$645
22 years$2,710$2,141$1,675$1,299$1,001$560
23 years$2,565$2,003$1,547$1,183$898$486
24 years$2,432$1,876$1,430$1,079$807$423
25 years$2,310$1,761$1,325$986$726$368
26 years$2,197$1,655$1,229$901$654$321
27 years$2,093$1,557$1,141$825$590$279
28 years$1,997$1,468$1,061$756$532$244
29 years$1,907$1,384$987$693$481$212
30 years$1,824$1,308$919$636$434$185
31 years$1,746$1,236$857$584$393$162
32 years$1,673$1,170$800$537$355$141
33 years$1,605$1,108$747$494$321$123
34 years$1,540$1,050$698$454$291$108
35 years$1,480$996$652$418$264$94
36 years$1,423$945$610$385$239$82
37 years$1,369$898$571$355$216$72
38 years$1,319$853$535$327$196$63
39 years$1,271$811$501$302$178$55
40 years$1,225$772$470$278$161$48
41 years$1,182$735$440$257$146$42
42 years$1,141$700$413$237$133$37
43 years$1,102$667$388$219$121$32
44 years$1,065$635$364$202$109$28
45 years$1,029$606$342$186$99$25
46 years$995$578$321$172$90$21
47 years$963$552$301$159$82$19
48 years$932$527$283$147$74$16
49 years$903$503$266$136$68$14
50 years$875$480$250$126$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $896,000, adding $3,749 every year, while hoping to spend $45,890 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: 73/13/14 Blend
71$896,000$896,000$896,000$896,000
72$991,259$943,771$929,883$1,060,344
73$1,043,541$941,189$912,208$1,104,000
74$1,099,617$936,943$892,402$1,145,798
75$1,159,827$930,902$870,346$1,190,355
76$1,224,542$922,929$845,915$1,237,933
77$1,294,170$912,876$818,978$1,288,822
78$1,369,158$900,591$789,397$1,343,341
79$1,450,000$885,907$757,029$1,401,842
80$1,537,234$868,651$721,724$1,464,716
81$1,631,456$848,638$683,325$1,532,392
82$1,733,317$825,674$641,669$1,605,344
83$1,843,534$799,551$596,584$1,684,098
84$1,962,897$770,051$547,892$1,769,232
85$2,092,271$736,942$495,405$1,861,383
86$2,232,609$699,980$438,928$1,961,259
87$2,384,961$658,904$378,257$2,069,636
88$2,550,478$613,441$313,180$2,187,375
89$2,730,428$563,302$243,473$2,315,424
90$2,926,208$508,179$168,905$2,454,831
91$3,139,351$447,750$89,233$2,606,750
92$3,371,546$381,671$4,204$2,772,458
93$3,624,653$309,582$0$2,953,363
94$3,900,717$231,101$0$3,163,945
95$4,201,990$145,825$0$3,394,503
96$4,530,950$53,327$0$3,646,344
97$4,890,324$0$0$3,921,601
98$5,283,117$0$0$4,229,326
99$5,712,636$0$0$4,574,203
100$6,182,520$0$0$4,951,533