Can I retire at age 72 with 897,000?

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 $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%16.4%
1 years$74,073$73,414$72,770$72,142$71,528$69,658
2 years$36,670$35,987$35,325$34,683$34,061$32,189
3 years$24,204$23,518$22,858$22,222$21,610$19,795
4 years$17,972$17,288$16,635$16,010$15,412$13,669
5 years$14,234$13,554$12,909$12,297$11,716$10,049
6 years$11,743$11,068$10,432$9,834$9,271$7,681
7 years$9,964$9,295$8,669$8,085$7,539$6,028
8 years$8,630$7,967$7,352$6,782$6,255$4,820
9 years$7,594$6,937$6,333$5,777$5,267$3,909
10 years$6,765$6,115$5,521$4,980$4,488$3,204
11 years$6,087$5,444$4,861$4,334$3,860$2,648
12 years$5,523$4,886$4,314$3,802$3,345$2,203
13 years$5,046$4,415$3,854$3,356$2,917$1,842
14 years$4,637$4,013$3,463$2,979$2,557$1,548
15 years$4,283$3,666$3,126$2,657$2,251$1,305
16 years$3,974$3,364$2,835$2,379$1,990$1,103
17 years$3,701$3,098$2,579$2,138$1,764$935
18 years$3,459$2,863$2,355$1,926$1,569$794
19 years$3,243$2,653$2,156$1,741$1,398$676
20 years$3,049$2,465$1,978$1,576$1,249$576
21 years$2,873$2,296$1,820$1,431$1,118$491
22 years$2,713$2,144$1,677$1,301$1,002$419
23 years$2,568$2,005$1,548$1,185$899$358
24 years$2,435$1,878$1,432$1,081$808$307
25 years$2,313$1,763$1,326$987$727$262
26 years$2,200$1,657$1,230$902$655$225
27 years$2,096$1,559$1,142$826$591$192
28 years$1,999$1,469$1,062$757$533$165
29 years$1,909$1,386$988$694$481$141
30 years$1,826$1,309$920$637$435$121
31 years$1,748$1,237$858$585$393$104
32 years$1,675$1,171$801$538$356$89
33 years$1,606$1,109$748$494$322$77
34 years$1,542$1,051$698$455$291$66
35 years$1,482$997$653$419$264$56
36 years$1,425$946$611$386$239$48
37 years$1,371$899$572$355$217$42
38 years$1,320$854$535$327$196$36
39 years$1,272$812$502$302$178$31
40 years$1,226$773$470$278$162$26
41 years$1,183$735$441$257$147$23
42 years$1,142$700$414$237$133$19
43 years$1,103$667$388$219$121$17
44 years$1,066$636$364$202$110$14
45 years$1,030$607$342$187$99$12
46 years$997$579$321$172$90$11
47 years$964$552$302$159$82$9
48 years$933$527$284$147$74$8
49 years$904$503$267$136$68$7
50 years$876$481$251$126$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $897,000, adding $3,294 every year, while hoping to spend $43,319 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: 72/8/20 Blend
71$897,000$897,000$897,000$897,000
72$991,892$944,351$930,447$1,058,294
73$1,046,974$944,533$915,526$1,103,090
74$1,106,222$943,272$898,653$1,146,628
75$1,170,016$940,452$879,718$1,193,220
76$1,238,772$935,949$858,603$1,243,162
77$1,312,948$929,631$835,187$1,296,780
78$1,393,047$921,361$809,344$1,354,435
79$1,479,620$910,990$780,939$1,416,527
80$1,573,274$898,362$749,834$1,483,494
81$1,674,678$883,311$715,883$1,555,822
82$1,784,564$865,662$678,933$1,634,048
83$1,903,739$845,229$638,827$1,718,763
84$2,033,090$821,815$595,398$1,810,620
85$2,173,592$795,211$548,471$1,910,339
86$2,326,320$765,197$497,866$2,018,718
87$2,492,452$731,540$443,392$2,136,632
88$2,673,289$693,992$384,853$2,265,053
89$2,870,260$652,293$322,040$2,405,049
90$3,084,937$606,166$254,739$2,557,800
91$3,319,051$555,318$182,723$2,724,610
92$3,574,507$499,442$105,758$2,906,914
93$3,853,403$438,211$23,596$3,106,300
94$4,158,046$371,279$0$3,324,517
95$4,490,978$298,283$0$3,577,170
96$4,854,997$218,838$0$3,858,978
97$5,253,183$132,538$0$4,167,309
98$5,688,927$38,952$0$4,504,818
99$6,165,965$0$0$4,874,429
100$6,688,409$0$0$5,284,856