Can I retire at age 72 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$76,220$75,542$74,879$74,233$73,601$73,291
2 years$37,733$37,030$36,349$35,689$35,048$34,735
3 years$24,905$24,200$23,520$22,866$22,236$21,930
4 years$18,493$17,789$17,117$16,474$15,859$15,562
5 years$14,646$13,947$13,283$12,653$12,056$11,768
6 years$12,083$11,389$10,735$10,119$9,539$9,262
7 years$10,253$9,564$8,921$8,319$7,758$7,491
8 years$8,880$8,198$7,565$6,979$6,436$6,180
9 years$7,814$7,138$6,516$5,945$5,420$5,174
10 years$6,961$6,292$5,681$5,124$4,618$4,383
11 years$6,264$5,601$5,001$4,460$3,972$3,747
12 years$5,683$5,027$4,439$3,912$3,442$3,227
13 years$5,192$4,543$3,966$3,453$3,001$2,796
14 years$4,772$4,130$3,563$3,066$2,631$2,435
15 years$4,407$3,773$3,217$2,734$2,317$2,130
16 years$4,089$3,461$2,917$2,448$2,047$1,870
17 years$3,809$3,188$2,654$2,199$1,815$1,647
18 years$3,560$2,946$2,423$1,982$1,614$1,454
19 years$3,337$2,730$2,218$1,791$1,439$1,287
20 years$3,137$2,537$2,036$1,622$1,285$1,142
21 years$2,956$2,363$1,872$1,472$1,150$1,014
22 years$2,792$2,206$1,726$1,339$1,031$902
23 years$2,642$2,063$1,593$1,219$925$804
24 years$2,505$1,933$1,474$1,112$832$717
25 years$2,380$1,814$1,365$1,015$748$641
26 years$2,264$1,705$1,266$928$674$573
27 years$2,157$1,604$1,175$850$608$512
28 years$2,057$1,512$1,093$779$548$459
29 years$1,965$1,426$1,017$714$495$411
30 years$1,879$1,347$947$655$447$368
31 years$1,799$1,273$883$602$405$330
32 years$1,723$1,205$824$553$366$296
33 years$1,653$1,141$769$509$331$266
34 years$1,587$1,081$719$468$300$239
35 years$1,525$1,026$672$431$272$215
36 years$1,466$973$629$397$246$193
37 years$1,411$925$588$366$223$173
38 years$1,358$879$551$337$202$156
39 years$1,309$836$516$311$183$140
40 years$1,262$795$484$287$166$126
41 years$1,217$757$454$264$151$113
42 years$1,175$721$426$244$137$102
43 years$1,135$687$399$225$124$92
44 years$1,097$655$375$208$113$83
45 years$1,060$624$352$192$102$74
46 years$1,025$595$331$177$93$67
47 years$992$568$311$164$84$60
48 years$961$542$292$151$77$54
49 years$930$518$274$140$70$49
50 years$901$495$258$129$63$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $923,000, adding $5,317 every year, while hoping to spend $54,497 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: 65/10/25 Blend
71$923,000$923,000$923,000$923,000
72$1,022,630$973,711$959,405$1,082,102
73$1,068,954$963,439$933,561$1,112,580
74$1,118,177$950,837$905,024$1,139,288
75$1,170,536$935,733$873,647$1,167,251
76$1,226,292$917,945$839,276$1,196,598
77$1,285,731$897,282$801,749$1,227,470
78$1,349,165$873,538$760,897$1,260,026
79$1,416,936$846,497$716,543$1,294,444
80$1,489,420$815,932$668,504$1,330,921
81$1,567,028$781,600$616,586$1,369,676
82$1,650,211$743,244$560,588$1,410,954
83$1,739,464$700,595$500,299$1,455,027
84$1,835,330$653,365$435,500$1,502,197
85$1,938,406$601,252$365,961$1,552,801
86$2,049,345$543,935$291,442$1,607,211
87$2,168,866$481,076$211,694$1,665,843
88$2,297,759$412,317$126,454$1,729,157
89$2,436,891$337,280$35,450$1,797,664
90$2,587,214$255,567$0$1,871,931
91$2,749,775$166,756$0$1,969,038
92$2,925,725$70,400$0$2,084,393
93$3,116,330$0$0$2,209,386
94$3,322,981$0$0$2,348,699
95$3,547,206$0$0$2,508,318
96$3,790,689$0$0$2,681,699
97$4,055,279$0$0$2,870,168
98$4,343,013$0$0$3,075,181
99$4,656,129$0$0$3,298,341
100$4,997,093$0$0$3,541,413