Can I retire at age 72 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$74,321$73,659$73,013$72,383$71,767$70,959
2 years$36,793$36,107$35,443$34,799$34,175$33,361
3 years$24,285$23,597$22,934$22,296$21,682$20,888
4 years$18,032$17,346$16,690$16,063$15,464$14,696
5 years$14,281$13,599$12,952$12,338$11,755$11,015
6 years$11,782$11,105$10,467$9,867$9,302$8,591
7 years$9,997$9,326$8,698$8,112$7,565$6,883
8 years$8,659$7,994$7,377$6,805$6,276$5,624
9 years$7,619$6,960$6,354$5,796$5,285$4,662
10 years$6,787$6,135$5,539$4,997$4,503$3,909
11 years$6,108$5,462$4,877$4,348$3,873$3,307
12 years$5,541$4,902$4,328$3,814$3,356$2,818
13 years$5,063$4,430$3,867$3,367$2,927$2,415
14 years$4,653$4,027$3,474$2,989$2,565$2,080
15 years$4,298$3,679$3,137$2,666$2,259$1,799
16 years$3,987$3,375$2,844$2,387$1,996$1,561
17 years$3,714$3,108$2,588$2,145$1,770$1,359
18 years$3,471$2,872$2,362$1,933$1,574$1,185
19 years$3,254$2,662$2,163$1,746$1,403$1,036
20 years$3,059$2,474$1,985$1,582$1,253$908
21 years$2,883$2,304$1,826$1,436$1,121$797
22 years$2,722$2,151$1,683$1,305$1,005$700
23 years$2,577$2,012$1,554$1,189$902$616
24 years$2,443$1,885$1,437$1,084$811$542
25 years$2,320$1,769$1,331$990$730$478
26 years$2,207$1,662$1,234$905$657$421
27 years$2,103$1,564$1,146$829$593$372
28 years$2,006$1,474$1,065$759$535$328
29 years$1,916$1,391$991$696$483$290
30 years$1,832$1,313$924$639$436$257
31 years$1,754$1,242$861$587$394$227
32 years$1,680$1,175$803$539$357$201
33 years$1,612$1,113$750$496$323$178
34 years$1,547$1,054$701$456$292$157
35 years$1,487$1,000$655$420$265$139
36 years$1,429$949$613$387$240$123
37 years$1,375$902$574$356$217$109
38 years$1,324$857$537$329$197$97
39 years$1,276$815$503$303$179$86
40 years$1,230$775$472$279$162$76
41 years$1,187$738$442$258$147$67
42 years$1,146$703$415$238$133$60
43 years$1,107$670$389$220$121$53
44 years$1,069$638$366$203$110$47
45 years$1,034$609$343$187$100$42
46 years$1,000$581$322$173$91$37
47 years$968$554$303$160$82$33
48 years$937$529$285$148$75$29
49 years$907$505$267$136$68$26
50 years$879$482$251$126$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $900,000, adding $5,985 every year, while hoping to spend $40,488 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: 52/29/19 Blend
71$900,000$900,000$900,000$900,000
72$997,974$950,274$936,324$1,044,368
73$1,056,688$953,758$924,611$1,080,400
74$1,120,034$956,056$911,150$1,114,855
75$1,188,442$957,067$895,838$1,151,460
76$1,262,384$956,684$878,569$1,190,430
77$1,342,378$954,793$859,232$1,232,007
78$1,428,996$951,273$837,712$1,276,459
79$1,522,864$945,996$813,885$1,324,082
80$1,624,672$938,825$787,626$1,375,204
81$1,735,178$929,618$758,802$1,430,192
82$1,855,217$918,220$727,272$1,489,448
83$1,985,706$904,469$692,893$1,553,422
84$2,127,654$888,195$655,511$1,622,609
85$2,282,173$869,214$614,969$1,697,559
86$2,450,483$847,335$571,099$1,778,883
87$2,633,931$822,352$523,729$1,867,253
88$2,833,995$794,051$472,677$1,963,418
89$3,052,305$762,202$417,754$2,068,203
90$3,290,654$726,563$358,763$2,182,525
91$3,551,015$686,879$295,496$2,307,396
92$3,835,562$642,879$227,738$2,443,937
93$4,146,686$594,277$155,264$2,593,387
94$4,487,021$540,771$77,839$2,757,118
95$4,859,468$482,039$0$2,936,646
96$5,267,220$417,745$0$3,134,619
97$5,713,794$347,532$0$3,368,824
98$6,203,061$271,021$0$3,625,567
99$6,739,287$187,815$0$3,907,173
100$7,327,169$97,493$0$4,216,202