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%11.2%
1 years$76,303$75,623$74,960$74,313$73,681$73,309
2 years$37,774$37,070$36,388$35,727$35,086$34,711
3 years$24,932$24,226$23,546$22,891$22,260$21,893
4 years$18,513$17,809$17,135$16,492$15,876$15,520
5 years$14,662$13,962$13,298$12,667$12,069$11,725
6 years$12,096$11,401$10,747$10,130$9,550$9,218
7 years$10,264$9,575$8,930$8,328$7,766$7,447
8 years$8,890$8,207$7,574$6,987$6,443$6,137
9 years$7,822$7,146$6,523$5,951$5,426$5,132
10 years$6,968$6,299$5,687$5,130$4,623$4,342
11 years$6,270$5,607$5,007$4,464$3,976$3,707
12 years$5,689$5,033$4,443$3,916$3,446$3,189
13 years$5,198$4,548$3,970$3,457$3,005$2,760
14 years$4,777$4,134$3,567$3,069$2,634$2,400
15 years$4,412$3,777$3,221$2,737$2,319$2,097
16 years$4,094$3,465$2,920$2,451$2,050$1,838
17 years$3,813$3,191$2,657$2,202$1,817$1,617
18 years$3,564$2,949$2,425$1,984$1,616$1,426
19 years$3,341$2,733$2,220$1,793$1,440$1,260
20 years$3,140$2,540$2,038$1,624$1,286$1,116
21 years$2,959$2,366$1,874$1,474$1,151$990
22 years$2,795$2,208$1,728$1,340$1,032$880
23 years$2,645$2,065$1,595$1,220$926$783
24 years$2,508$1,935$1,475$1,113$833$697
25 years$2,382$1,816$1,366$1,017$749$622
26 years$2,266$1,707$1,267$929$675$555
27 years$2,159$1,606$1,177$851$608$495
28 years$2,059$1,513$1,094$779$549$443
29 years$1,967$1,428$1,018$715$496$396
30 years$1,881$1,348$948$656$448$354
31 years$1,800$1,275$884$602$405$317
32 years$1,725$1,206$825$554$366$284
33 years$1,655$1,142$770$509$332$255
34 years$1,589$1,083$720$468$300$228
35 years$1,526$1,027$673$431$272$205
36 years$1,468$975$629$397$246$184
37 years$1,412$926$589$366$223$165
38 years$1,360$880$552$337$202$148
39 years$1,310$836$517$311$184$133
40 years$1,263$796$484$287$166$119
41 years$1,219$758$454$265$151$107
42 years$1,176$721$426$244$137$96
43 years$1,136$687$400$225$124$86
44 years$1,098$655$375$208$113$78
45 years$1,061$625$352$192$102$70
46 years$1,027$596$331$178$93$63
47 years$993$569$311$164$84$56
48 years$962$543$292$152$77$51
49 years$931$519$275$140$70$45
50 years$902$495$258$130$63$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $924,000, adding $5,487 every year, while hoping to spend $44,892 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: 49/44/7 Blend
71$924,000$924,000$924,000$924,000
72$1,023,908$974,936$960,614$1,071,959
73$1,080,582$974,943$945,030$1,105,384
74$1,141,532$973,446$927,419$1,136,442
75$1,207,147$970,323$907,666$1,169,118
76$1,277,853$965,447$885,651$1,203,573
77$1,354,121$958,680$861,246$1,239,989
78$1,436,464$949,879$834,321$1,278,568
79$1,525,450$938,889$804,737$1,319,536
80$1,621,700$925,549$772,350$1,363,142
81$1,725,898$909,685$737,008$1,409,666
82$1,838,796$891,116$698,554$1,459,419
83$1,961,220$869,648$656,823$1,512,744
84$2,094,080$845,076$611,642$1,570,028
85$2,238,375$817,184$562,831$1,631,696
86$2,395,206$785,742$510,202$1,698,223
87$2,565,781$750,508$453,559$1,770,136
88$2,751,433$711,225$392,695$1,848,021
89$2,953,625$667,621$327,396$1,932,528
90$3,173,969$619,409$257,439$2,024,378
91$3,414,240$566,286$182,588$2,124,373
92$3,676,388$507,930$102,601$2,233,401
93$3,962,564$444,002$17,222$2,352,447
94$4,275,132$374,144$0$2,482,604
95$4,616,695$297,978$0$2,630,603
96$4,990,122$215,102$0$2,793,999
97$5,398,567$125,095$0$2,973,012
98$5,845,507$27,511$0$3,169,314
99$6,334,767$0$0$3,384,754
100$6,870,562$0$0$3,659,203