Can I retire at age 72 with 914,000?

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 $914,000?

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$75,477$74,805$74,149$73,509$72,884$72,183
2 years$37,365$36,669$35,995$35,341$34,706$34,000
3 years$24,663$23,964$23,291$22,643$22,019$21,330
4 years$18,313$17,616$16,950$16,313$15,704$15,037
5 years$14,504$13,811$13,154$12,530$11,938$11,295
6 years$11,965$11,278$10,630$10,020$9,446$8,828
7 years$10,153$9,471$8,834$8,238$7,682$7,089
8 years$8,794$8,118$7,492$6,911$6,373$5,805
9 years$7,738$7,069$6,453$5,887$5,367$4,824
10 years$6,893$6,231$5,626$5,074$4,573$4,054
11 years$6,203$5,547$4,953$4,416$3,933$3,438
12 years$5,628$4,978$4,395$3,874$3,408$2,937
13 years$5,141$4,499$3,927$3,420$2,972$2,524
14 years$4,725$4,090$3,528$3,036$2,605$2,180
15 years$4,365$3,736$3,186$2,707$2,294$1,890
16 years$4,049$3,428$2,888$2,424$2,027$1,645
17 years$3,772$3,157$2,628$2,178$1,798$1,435
18 years$3,525$2,917$2,399$1,963$1,598$1,256
19 years$3,305$2,703$2,196$1,774$1,425$1,101
20 years$3,106$2,512$2,016$1,606$1,273$968
21 years$2,927$2,340$1,854$1,458$1,139$851
22 years$2,765$2,184$1,709$1,326$1,021$750
23 years$2,617$2,043$1,578$1,207$916$662
24 years$2,481$1,914$1,459$1,101$824$585
25 years$2,356$1,796$1,351$1,006$741$517
26 years$2,242$1,688$1,253$919$668$457
27 years$2,135$1,589$1,164$842$602$405
28 years$2,037$1,497$1,082$771$543$359
29 years$1,946$1,412$1,007$707$490$318
30 years$1,861$1,334$938$649$443$282
31 years$1,781$1,261$874$596$401$250
32 years$1,707$1,193$816$548$362$222
33 years$1,637$1,130$762$504$328$197
34 years$1,571$1,071$712$463$297$175
35 years$1,510$1,016$665$427$269$156
36 years$1,452$964$622$393$244$138
37 years$1,397$916$583$362$221$123
38 years$1,345$870$546$334$200$109
39 years$1,296$827$511$308$182$97
40 years$1,250$787$479$284$165$87
41 years$1,206$749$449$262$149$77
42 years$1,164$714$421$242$136$69
43 years$1,124$680$395$223$123$61
44 years$1,086$648$371$206$112$54
45 years$1,050$618$349$190$101$48
46 years$1,015$590$327$176$92$43
47 years$983$563$308$162$84$38
48 years$951$537$289$150$76$34
49 years$921$513$272$139$69$30
50 years$892$490$255$128$63$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $914,000, adding $3,986 every year, while hoping to spend $38,438 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: 49/27/24 Blend
71$914,000$914,000$914,000$914,000
72$1,011,340$962,898$948,731$1,053,855
73$1,073,598$969,182$939,615$1,090,199
74$1,140,919$974,486$928,906$1,125,489
75$1,213,778$978,721$916,510$1,163,051
76$1,292,698$981,792$902,327$1,203,116
77$1,378,254$983,601$886,256$1,245,941
78$1,471,078$984,039$868,188$1,291,810
79$1,571,866$982,995$848,009$1,341,040
80$1,681,382$980,348$825,604$1,393,980
81$1,800,468$975,970$800,847$1,451,017
82$1,930,050$969,727$773,609$1,512,582
83$2,071,146$961,474$743,756$1,579,151
84$2,224,878$951,061$711,147$1,651,250
85$2,392,478$938,325$675,633$1,729,464
86$2,575,304$923,097$637,060$1,814,438
87$2,774,850$905,194$595,266$1,906,890
88$2,992,761$884,425$550,084$2,007,610
89$3,230,848$860,587$501,337$2,117,475
90$3,491,103$833,464$448,841$2,237,456
91$3,775,722$802,831$392,404$2,368,624
92$4,087,121$768,444$331,824$2,512,169
93$4,427,960$730,051$266,893$2,669,401
94$4,801,169$687,380$197,391$2,841,772
95$5,209,974$640,148$123,090$3,030,888
96$5,657,929$588,053$43,751$3,238,522
97$6,148,947$530,776$0$3,466,635
98$6,687,336$467,981$0$3,727,874
99$7,277,843$399,311$0$4,026,792
100$7,925,697$324,391$0$4,354,891