Can I retire at age 72 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$74,569$73,905$73,257$72,624$72,006$70,901
2 years$36,915$36,228$35,561$34,915$34,289$33,178
3 years$24,366$23,675$23,011$22,371$21,754$20,672
4 years$18,092$17,404$16,746$16,117$15,515$14,471
5 years$14,329$13,645$12,995$12,379$11,794$10,790
6 years$11,821$11,142$10,502$9,900$9,333$8,370
7 years$10,030$9,357$8,727$8,139$7,590$6,669
8 years$8,688$8,021$7,402$6,828$6,297$5,417
9 years$7,644$6,983$6,375$5,816$5,303$4,464
10 years$6,810$6,156$5,558$5,013$4,518$3,720
11 years$6,128$5,480$4,893$4,363$3,886$3,128
12 years$5,560$4,919$4,342$3,827$3,367$2,648
13 years$5,080$4,445$3,880$3,379$2,936$2,255
14 years$4,668$4,040$3,486$2,999$2,574$1,929
15 years$4,312$3,691$3,147$2,675$2,266$1,657
16 years$4,001$3,386$2,854$2,395$2,003$1,428
17 years$3,726$3,119$2,597$2,152$1,776$1,234
18 years$3,483$2,882$2,370$1,939$1,579$1,069
19 years$3,265$2,671$2,170$1,752$1,408$928
20 years$3,069$2,482$1,991$1,587$1,257$807
21 years$2,892$2,312$1,832$1,440$1,125$703
22 years$2,732$2,158$1,688$1,310$1,008$613
23 years$2,585$2,018$1,559$1,193$905$535
24 years$2,451$1,891$1,442$1,088$814$467
25 years$2,328$1,775$1,335$993$732$409
26 years$2,215$1,668$1,238$908$660$358
27 years$2,110$1,570$1,150$831$595$313
28 years$2,013$1,479$1,069$762$537$274
29 years$1,922$1,395$995$699$484$240
30 years$1,838$1,318$927$641$438$211
31 years$1,760$1,246$864$589$396$185
32 years$1,686$1,179$806$541$358$162
33 years$1,617$1,116$753$498$324$142
34 years$1,552$1,058$703$458$293$125
35 years$1,492$1,003$657$421$266$110
36 years$1,434$952$615$388$241$96
37 years$1,380$905$576$358$218$85
38 years$1,329$860$539$330$198$74
39 years$1,280$817$505$304$179$65
40 years$1,235$778$473$280$163$57
41 years$1,191$740$444$259$148$51
42 years$1,150$705$416$239$134$44
43 years$1,110$672$391$220$122$39
44 years$1,073$640$367$203$110$34
45 years$1,037$611$344$188$100$30
46 years$1,003$583$323$174$91$27
47 years$971$556$304$160$83$23
48 years$940$531$286$148$75$21
49 years$910$507$268$137$68$18
50 years$882$484$252$127$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $903,000, adding $2,548 every year, while hoping to spend $33,511 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: 33/45/22 Blend
71$903,000$903,000$903,000$903,000
72$997,734$949,875$935,879$1,023,850
73$1,063,848$960,764$931,575$1,054,469
74$1,135,582$971,063$926,004$1,084,221
75$1,213,474$980,707$919,088$1,115,601
76$1,298,116$989,630$910,746$1,148,772
77$1,390,159$997,757$900,891$1,183,918
78$1,490,319$1,005,011$889,435$1,221,242
79$1,599,384$1,011,309$876,283$1,260,970
80$1,718,220$1,016,562$861,338$1,303,353
81$1,847,782$1,020,677$844,496$1,348,671
82$1,989,121$1,023,555$825,651$1,397,234
83$2,143,391$1,025,089$804,690$1,449,388
84$2,311,864$1,025,166$781,495$1,505,515
85$2,495,943$1,023,668$755,944$1,566,039
86$2,697,168$1,020,466$727,907$1,631,433
87$2,917,237$1,015,427$697,249$1,702,220
88$3,158,019$1,008,407$663,831$1,778,981
89$3,421,573$999,255$627,505$1,862,357
90$3,710,164$987,809$588,118$1,953,064
91$4,026,289$973,899$545,508$2,051,892
92$4,372,695$957,346$499,507$2,159,717
93$4,752,411$937,956$449,941$2,277,509
94$5,168,768$915,528$396,626$2,406,344
95$5,625,441$889,847$339,371$2,547,412
96$6,126,471$860,685$277,976$2,702,032
97$6,676,315$827,802$212,231$2,871,662
98$7,279,879$790,944$141,921$3,057,918
99$7,942,567$749,840$66,815$3,262,585
100$8,670,334$704,208$0$3,487,642