Can I retire at age 72 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$75,725$75,050$74,392$73,750$73,123$72,389
2 years$37,488$36,789$36,113$35,457$34,820$34,082
3 years$24,743$24,042$23,367$22,717$22,092$21,370
4 years$18,373$17,674$17,005$16,367$15,756$15,058
5 years$14,551$13,856$13,197$12,571$11,977$11,305
6 years$12,004$11,315$10,665$10,053$9,477$8,831
7 years$10,186$9,502$8,863$8,265$7,708$7,087
8 years$8,823$8,145$7,516$6,934$6,394$5,800
9 years$7,763$7,092$6,474$5,906$5,385$4,817
10 years$6,916$6,251$5,644$5,091$4,588$4,046
11 years$6,223$5,565$4,969$4,431$3,946$3,429
12 years$5,646$4,995$4,410$3,886$3,419$2,927
13 years$5,158$4,514$3,940$3,431$2,982$2,514
14 years$4,741$4,103$3,540$3,046$2,614$2,170
15 years$4,379$3,748$3,196$2,716$2,301$1,880
16 years$4,063$3,439$2,898$2,432$2,034$1,635
17 years$3,784$3,167$2,637$2,185$1,804$1,426
18 years$3,537$2,926$2,407$1,969$1,604$1,247
19 years$3,315$2,712$2,204$1,779$1,429$1,092
20 years$3,117$2,520$2,022$1,612$1,277$959
21 years$2,937$2,348$1,860$1,463$1,143$843
22 years$2,774$2,191$1,714$1,330$1,024$743
23 years$2,625$2,050$1,583$1,211$919$655
24 years$2,489$1,920$1,464$1,105$826$578
25 years$2,364$1,802$1,356$1,009$744$510
26 years$2,249$1,694$1,258$922$670$451
27 years$2,142$1,594$1,168$844$604$399
28 years$2,044$1,502$1,086$774$545$354
29 years$1,952$1,417$1,010$709$492$313
30 years$1,867$1,338$941$651$445$278
31 years$1,787$1,265$877$598$402$246
32 years$1,712$1,197$818$549$364$218
33 years$1,642$1,134$764$505$329$194
34 years$1,576$1,074$714$465$298$172
35 years$1,515$1,019$668$428$270$153
36 years$1,456$967$625$394$244$136
37 years$1,401$919$585$363$222$120
38 years$1,349$873$547$335$201$107
39 years$1,300$830$513$309$182$95
40 years$1,254$790$481$285$165$84
41 years$1,209$752$451$263$150$75
42 years$1,167$716$423$242$136$67
43 years$1,128$682$397$224$123$59
44 years$1,090$650$372$207$112$53
45 years$1,053$620$350$191$102$47
46 years$1,019$592$328$176$92$42
47 years$986$565$309$163$84$37
48 years$954$539$290$150$76$33
49 years$924$515$273$139$69$29
50 years$895$492$256$129$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $917,000, adding $6,319 every year, while hoping to spend $55,896 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: 86/9/5 Blend
71$917,000$917,000$917,000$917,000
72$1,017,052$968,451$954,238$1,104,011
73$1,061,318$956,432$926,732$1,149,597
74$1,108,227$941,951$896,431$1,191,296
75$1,157,987$924,828$863,183$1,235,301
76$1,210,830$904,873$826,827$1,281,806
77$1,267,006$881,883$787,198$1,331,020
78$1,326,792$855,647$744,120$1,383,176
79$1,390,488$825,937$697,411$1,438,529
80$1,458,425$792,515$646,882$1,497,359
81$1,530,964$755,127$592,331$1,559,975
82$1,608,500$713,507$533,553$1,626,716
83$1,691,469$667,370$470,329$1,697,957
84$1,780,346$616,419$402,432$1,774,108
85$1,875,653$560,335$329,625$1,855,623
86$1,977,964$498,786$251,662$1,943,000
87$2,087,907$431,416$168,283$2,036,789
88$2,206,171$357,854$79,219$2,137,595
89$2,333,516$277,704$0$2,246,084
90$2,470,773$190,550$0$2,363,836
91$2,618,856$95,951$0$2,495,380
92$2,778,769$0$0$2,637,393
93$2,951,617$0$0$2,791,525
94$3,138,611$0$0$2,968,561
95$3,341,086$0$0$3,160,263
96$3,560,507$0$0$3,368,018
97$3,798,485$0$0$3,593,355
98$4,056,794$0$0$3,837,954
99$4,337,382$0$0$4,103,660
100$4,642,395$0$0$4,392,507