Can I retire at age 72 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,395$74,723$74,068$73,428$72,804$71,894
2 years$37,324$36,629$35,955$35,302$34,669$33,753
3 years$24,636$23,937$23,265$22,618$21,995$21,103
4 years$18,293$17,597$16,931$16,295$15,687$14,824
5 years$14,488$13,796$13,139$12,516$11,925$11,094
6 years$11,952$11,265$10,619$10,009$9,436$8,638
7 years$10,141$9,461$8,824$8,229$7,674$6,910
8 years$8,784$8,110$7,484$6,903$6,366$5,636
9 years$7,729$7,061$6,446$5,880$5,361$4,664
10 years$6,886$6,224$5,619$5,069$4,568$3,903
11 years$6,196$5,541$4,947$4,411$3,929$3,296
12 years$5,621$4,973$4,391$3,869$3,405$2,803
13 years$5,136$4,494$3,923$3,416$2,969$2,398
14 years$4,720$4,085$3,525$3,032$2,602$2,061
15 years$4,360$3,732$3,182$2,704$2,291$1,779
16 years$4,045$3,424$2,885$2,421$2,025$1,540
17 years$3,767$3,153$2,625$2,176$1,796$1,338
18 years$3,521$2,914$2,397$1,961$1,597$1,165
19 years$3,301$2,700$2,194$1,772$1,423$1,016
20 years$3,103$2,509$2,014$1,605$1,271$888
21 years$2,924$2,337$1,852$1,456$1,138$777
22 years$2,762$2,182$1,707$1,324$1,020$682
23 years$2,614$2,041$1,576$1,206$915$598
24 years$2,478$1,912$1,458$1,100$823$525
25 years$2,354$1,794$1,350$1,004$740$462
26 years$2,239$1,686$1,252$918$667$407
27 years$2,133$1,587$1,163$841$601$358
28 years$2,035$1,495$1,081$770$542$315
29 years$1,944$1,411$1,006$706$490$278
30 years$1,858$1,332$937$648$443$245
31 years$1,779$1,259$873$595$400$216
32 years$1,705$1,192$815$547$362$191
33 years$1,635$1,129$761$503$328$169
34 years$1,570$1,070$711$463$297$149
35 years$1,508$1,015$665$426$269$132
36 years$1,450$963$622$392$243$116
37 years$1,395$915$582$362$221$103
38 years$1,344$869$545$333$200$91
39 years$1,295$826$511$307$181$80
40 years$1,248$786$479$283$164$71
41 years$1,204$749$449$262$149$63
42 years$1,162$713$421$241$135$55
43 years$1,123$679$395$223$123$49
44 years$1,085$647$371$206$112$43
45 years$1,049$617$348$190$101$38
46 years$1,014$589$327$175$92$34
47 years$981$562$307$162$83$30
48 years$950$537$289$150$76$27
49 years$920$512$271$138$69$23
50 years$891$489$255$128$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $913,000, adding $2,923 every year, while hoping to spend $30,206 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: 46/25/29 Blend
71$913,000$913,000$913,000$913,000
72$1,009,141$960,752$946,601$1,047,014
73$1,079,935$975,690$946,173$1,089,111
74$1,156,937$990,347$944,718$1,131,623
75$1,240,748$1,004,679$942,171$1,177,175
76$1,332,032$1,018,635$938,461$1,226,071
77$1,431,515$1,032,165$933,515$1,278,644
78$1,540,000$1,045,211$927,258$1,335,262
79$1,658,368$1,057,714$919,609$1,396,333
80$1,787,590$1,069,610$910,484$1,462,307
81$1,928,735$1,080,832$899,796$1,533,682
82$2,082,979$1,091,306$887,453$1,611,008
83$2,251,617$1,100,955$873,357$1,694,892
84$2,436,077$1,109,696$857,409$1,786,006
85$2,637,927$1,117,441$839,502$1,885,090
86$2,858,897$1,124,097$819,527$1,992,964
87$3,100,891$1,129,564$797,368$2,110,532
88$3,366,005$1,133,737$772,903$2,238,794
89$3,656,549$1,136,501$746,007$2,378,851
90$3,975,066$1,137,738$716,547$2,531,923
91$4,324,356$1,137,321$684,384$2,699,354
92$4,707,504$1,135,114$649,375$2,882,630
93$5,127,909$1,130,974$611,369$3,083,390
94$5,589,312$1,124,748$570,206$3,303,445
95$6,095,837$1,116,276$525,723$3,544,792
96$6,652,025$1,105,385$477,747$3,809,638
97$7,262,877$1,091,895$426,097$4,100,415
98$7,933,906$1,075,613$370,587$4,419,813
99$8,671,181$1,056,335$311,018$4,770,794
100$9,481,390$1,033,844$247,186$5,156,632