Can I retire at age 72 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$76,303$75,623$74,960$74,313$73,681$72,134
2 years$37,774$37,070$36,388$35,727$35,086$33,535
3 years$24,932$24,226$23,546$22,891$22,260$20,753
4 years$18,513$17,809$17,135$16,492$15,876$14,425
5 years$14,662$13,962$13,298$12,667$12,069$10,677
6 years$12,096$11,401$10,747$10,130$9,550$8,220
7 years$10,264$9,575$8,930$8,328$7,766$6,498
8 years$8,890$8,207$7,574$6,987$6,443$5,236
9 years$7,822$7,146$6,523$5,951$5,426$4,279
10 years$6,968$6,299$5,687$5,130$4,623$3,535
11 years$6,270$5,607$5,007$4,464$3,976$2,946
12 years$5,689$5,033$4,443$3,916$3,446$2,472
13 years$5,198$4,548$3,970$3,457$3,005$2,086
14 years$4,777$4,134$3,567$3,069$2,634$1,768
15 years$4,412$3,777$3,221$2,737$2,319$1,504
16 years$4,094$3,465$2,920$2,451$2,050$1,283
17 years$3,813$3,191$2,657$2,202$1,817$1,098
18 years$3,564$2,949$2,425$1,984$1,616$941
19 years$3,341$2,733$2,220$1,793$1,440$809
20 years$3,140$2,540$2,038$1,624$1,286$696
21 years$2,959$2,366$1,874$1,474$1,151$600
22 years$2,795$2,208$1,728$1,340$1,032$517
23 years$2,645$2,065$1,595$1,220$926$447
24 years$2,508$1,935$1,475$1,113$833$386
25 years$2,382$1,816$1,366$1,017$749$334
26 years$2,266$1,707$1,267$929$675$289
27 years$2,159$1,606$1,177$851$608$250
28 years$2,059$1,513$1,094$779$549$217
29 years$1,967$1,428$1,018$715$496$188
30 years$1,881$1,348$948$656$448$163
31 years$1,800$1,275$884$602$405$141
32 years$1,725$1,206$825$554$366$122
33 years$1,655$1,142$770$509$332$106
34 years$1,589$1,083$720$468$300$92
35 years$1,526$1,027$673$431$272$80
36 years$1,468$975$629$397$246$69
37 years$1,412$926$589$366$223$60
38 years$1,360$880$552$337$202$52
39 years$1,310$836$517$311$184$45
40 years$1,263$796$484$287$166$39
41 years$1,219$758$454$265$151$34
42 years$1,176$721$426$244$137$30
43 years$1,136$687$400$225$124$26
44 years$1,098$655$375$208$113$22
45 years$1,061$625$352$192$102$19
46 years$1,027$596$331$178$93$17
47 years$993$569$311$164$84$15
48 years$962$543$292$152$77$13
49 years$931$519$275$140$70$11
50 years$902$495$258$130$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $924,000, adding $6,238 every year, while hoping to spend $59,168 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: 77/7/16 Blend
71$924,000$924,000$924,000$924,000
72$1,024,682$975,710$961,388$1,099,544
73$1,066,246$960,566$930,641$1,134,675
74$1,110,066$942,696$896,880$1,165,136
75$1,156,309$921,906$859,942$1,196,920
76$1,205,160$897,986$819,658$1,230,138
77$1,256,817$870,718$775,847$1,264,914
78$1,311,498$839,869$728,324$1,301,386
79$1,369,441$805,193$676,892$1,339,704
80$1,430,905$766,429$621,350$1,380,037
81$1,496,175$723,301$561,482$1,422,569
82$1,565,561$675,519$497,068$1,467,508
83$1,639,403$622,774$427,874$1,515,080
84$1,718,072$564,740$353,659$1,565,536
85$1,801,977$501,073$274,167$1,619,156
86$1,891,562$431,410$189,136$1,676,248
87$1,987,318$355,365$98,288$1,737,153
88$2,089,779$272,533$1,335$1,802,248
89$2,199,533$182,484$0$1,871,951
90$2,317,226$84,765$0$1,964,160
91$2,443,563$0$0$2,063,326
92$2,579,320$0$0$2,171,468
93$2,725,351$0$0$2,294,839
94$2,882,589$0$0$2,427,703
95$3,052,061$0$0$2,570,932
96$3,234,897$0$0$2,725,481
97$3,432,335$0$0$2,892,402
98$3,645,737$0$0$3,072,849
99$3,876,600$0$0$3,268,094
100$4,126,569$0$0$3,479,530