Can I retire at age 72 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$75,230$74,559$73,906$73,268$72,644$71,946
2 years$37,242$36,549$35,877$35,225$34,593$33,889
3 years$24,582$23,885$23,214$22,569$21,947$21,260
4 years$18,252$17,558$16,894$16,260$15,653$14,988
5 years$14,456$13,766$13,111$12,489$11,899$11,258
6 years$11,926$11,241$10,595$9,987$9,415$8,799
7 years$10,119$9,440$8,805$8,211$7,657$7,066
8 years$8,765$8,092$7,467$6,888$6,352$5,786
9 years$7,712$7,045$6,431$5,867$5,350$4,808
10 years$6,870$6,210$5,607$5,058$4,558$4,041
11 years$6,182$5,529$4,936$4,402$3,920$3,427
12 years$5,609$4,962$4,381$3,861$3,397$2,927
13 years$5,125$4,484$3,914$3,409$2,962$2,516
14 years$4,710$4,076$3,517$3,026$2,597$2,172
15 years$4,350$3,724$3,175$2,698$2,286$1,884
16 years$4,036$3,416$2,879$2,416$2,021$1,639
17 years$3,759$3,146$2,620$2,171$1,792$1,431
18 years$3,513$2,907$2,391$1,956$1,593$1,252
19 years$3,294$2,694$2,189$1,768$1,420$1,098
20 years$3,096$2,504$2,009$1,601$1,268$964
21 years$2,918$2,332$1,848$1,453$1,135$849
22 years$2,756$2,177$1,703$1,321$1,017$748
23 years$2,608$2,036$1,573$1,203$913$660
24 years$2,473$1,908$1,454$1,097$821$583
25 years$2,349$1,790$1,347$1,002$739$515
26 years$2,234$1,683$1,249$916$665$456
27 years$2,128$1,584$1,160$839$600$404
28 years$2,030$1,492$1,078$768$541$358
29 years$1,939$1,408$1,004$705$489$317
30 years$1,854$1,329$935$647$442$281
31 years$1,775$1,257$872$594$399$250
32 years$1,701$1,189$813$546$361$222
33 years$1,631$1,126$759$502$327$197
34 years$1,566$1,067$709$462$296$175
35 years$1,505$1,012$663$425$268$155
36 years$1,447$961$620$392$243$138
37 years$1,392$913$581$361$220$123
38 years$1,341$867$544$333$200$109
39 years$1,292$825$509$307$181$97
40 years$1,245$785$478$283$164$86
41 years$1,202$747$448$261$149$77
42 years$1,160$711$420$241$135$68
43 years$1,120$678$394$222$123$61
44 years$1,082$646$370$205$111$54
45 years$1,046$616$347$190$101$48
46 years$1,012$588$326$175$92$43
47 years$979$561$307$162$83$38
48 years$948$535$288$149$76$34
49 years$918$511$271$138$69$30
50 years$889$488$255$128$62$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $911,000, adding $3,764 every year, while hoping to spend $57,506 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: 69/23/8 Blend
71$911,000$911,000$911,000$911,000
72$1,007,805$959,522$945,401$1,075,657
73$1,049,415$945,352$915,886$1,106,924
74$1,093,342$928,561$883,455$1,133,756
75$1,139,761$908,959$847,949$1,161,555
76$1,188,865$886,346$809,204$1,190,406
77$1,240,862$860,510$767,045$1,220,402
78$1,295,980$831,226$721,291$1,251,649
79$1,354,470$798,256$671,755$1,284,263
80$1,416,605$761,349$618,237$1,318,375
81$1,482,682$720,239$560,532$1,354,132
82$1,553,030$674,644$498,423$1,391,695
83$1,628,005$624,268$431,686$1,431,247
84$1,707,999$568,794$360,085$1,472,991
85$1,793,441$507,892$283,375$1,517,152
86$1,884,803$441,209$201,298$1,563,982
87$1,982,598$368,374$113,588$1,613,762
88$2,087,394$288,995$19,964$1,666,805
89$2,199,810$202,657$0$1,723,458
90$2,320,526$108,923$0$1,790,933
91$2,450,290$7,331$0$1,865,097
92$2,589,922$0$0$1,944,751
93$2,740,322$0$0$2,056,424
94$2,902,479$0$0$2,178,866
95$3,077,479$0$0$2,311,047
96$3,266,515$0$0$2,453,873
97$3,470,901$0$0$2,608,341
98$3,692,076$0$0$2,775,546
99$3,931,627$0$0$2,956,693
100$4,191,295$0$0$3,153,104