Can I retire at age 72 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$74,073$73,414$72,770$72,142$71,528$71,107
2 years$36,670$35,987$35,325$34,683$34,061$33,636
3 years$24,204$23,518$22,858$22,222$21,610$21,194
4 years$17,972$17,288$16,635$16,010$15,412$15,010
5 years$14,234$13,554$12,909$12,297$11,716$11,327
6 years$11,743$11,068$10,432$9,834$9,271$8,896
7 years$9,964$9,295$8,669$8,085$7,539$7,179
8 years$8,630$7,967$7,352$6,782$6,255$5,909
9 years$7,594$6,937$6,333$5,777$5,267$4,936
10 years$6,765$6,115$5,521$4,980$4,488$4,171
11 years$6,087$5,444$4,861$4,334$3,860$3,557
12 years$5,523$4,886$4,314$3,802$3,345$3,056
13 years$5,046$4,415$3,854$3,356$2,917$2,641
14 years$4,637$4,013$3,463$2,979$2,557$2,294
15 years$4,283$3,666$3,126$2,657$2,251$2,002
16 years$3,974$3,364$2,835$2,379$1,990$1,752
17 years$3,701$3,098$2,579$2,138$1,764$1,539
18 years$3,459$2,863$2,355$1,926$1,569$1,355
19 years$3,243$2,653$2,156$1,741$1,398$1,196
20 years$3,049$2,465$1,978$1,576$1,249$1,058
21 years$2,873$2,296$1,820$1,431$1,118$937
22 years$2,713$2,144$1,677$1,301$1,002$831
23 years$2,568$2,005$1,548$1,185$899$738
24 years$2,435$1,878$1,432$1,081$808$657
25 years$2,313$1,763$1,326$987$727$585
26 years$2,200$1,657$1,230$902$655$521
27 years$2,096$1,559$1,142$826$591$465
28 years$1,999$1,469$1,062$757$533$415
29 years$1,909$1,386$988$694$481$370
30 years$1,826$1,309$920$637$435$331
31 years$1,748$1,237$858$585$393$296
32 years$1,675$1,171$801$538$356$265
33 years$1,606$1,109$748$494$322$237
34 years$1,542$1,051$698$455$291$212
35 years$1,482$997$653$419$264$190
36 years$1,425$946$611$386$239$170
37 years$1,371$899$572$355$217$152
38 years$1,320$854$535$327$196$136
39 years$1,272$812$502$302$178$122
40 years$1,226$773$470$278$162$109
41 years$1,183$735$441$257$147$98
42 years$1,142$700$414$237$133$88
43 years$1,103$667$388$219$121$79
44 years$1,066$636$364$202$110$71
45 years$1,030$607$342$187$99$63
46 years$997$579$321$172$90$57
47 years$964$552$302$159$82$51
48 years$933$527$284$147$74$46
49 years$904$503$267$136$68$41
50 years$876$481$251$126$61$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $897,000, adding $2,077 every year, while hoping to spend $30,342 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: 65/14/21 Blend
71$897,000$897,000$897,000$897,000
72$990,636$943,095$929,192$1,049,591
73$1,059,398$957,023$928,036$1,103,400
74$1,134,156$970,617$925,825$1,158,547
75$1,215,490$983,828$922,490$1,218,108
76$1,304,038$996,604$917,962$1,282,515
77$1,400,503$1,008,890$912,166$1,352,249
78$1,505,655$1,020,626$905,025$1,427,835
79$1,620,345$1,031,751$896,457$1,509,857
80$1,745,509$1,042,195$886,377$1,598,957
81$1,882,176$1,051,888$874,696$1,695,841
82$2,031,480$1,060,752$861,320$1,801,290
83$2,194,669$1,068,706$846,151$1,916,166
84$2,373,116$1,075,664$829,088$2,041,417
85$2,568,334$1,081,532$810,023$2,178,091
86$2,781,989$1,086,212$788,844$2,327,341
87$3,015,915$1,089,599$765,433$2,490,441
88$3,272,131$1,091,582$739,668$2,668,794
89$3,552,862$1,092,044$711,421$2,863,948
90$3,860,558$1,090,857$680,557$3,077,612
91$4,197,915$1,087,890$646,936$3,311,666
92$4,567,906$1,083,000$610,412$3,568,188
93$4,973,802$1,076,037$570,831$3,849,466
94$5,419,209$1,066,842$528,033$4,158,023
95$5,908,097$1,055,246$481,851$4,496,644
96$6,444,840$1,041,070$432,109$4,868,397
97$7,034,255$1,024,124$378,627$5,276,665
98$7,681,650$1,004,206$321,211$5,725,179
99$8,392,871$981,105$259,664$6,218,053
100$9,174,358$954,594$193,778$6,759,823