Can I retire at age 72 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$76,799$76,114$75,447$74,796$74,160$72,692
2 years$38,019$37,311$36,625$35,959$35,314$33,842
3 years$25,094$24,383$23,699$23,040$22,405$20,973
4 years$18,633$17,924$17,247$16,599$15,979$14,600
5 years$14,757$14,053$13,384$12,749$12,147$10,824
6 years$12,175$11,475$10,816$10,196$9,612$8,346
7 years$10,330$9,637$8,988$8,383$7,817$6,609
8 years$8,948$8,261$7,623$7,032$6,485$5,335
9 years$7,873$7,192$6,566$5,990$5,461$4,368
10 years$7,014$6,340$5,724$5,163$4,653$3,615
11 years$6,311$5,644$5,039$4,493$4,002$3,018
12 years$5,726$5,066$4,472$3,941$3,468$2,538
13 years$5,231$4,578$3,996$3,480$3,024$2,145
14 years$4,808$4,161$3,590$3,089$2,651$1,822
15 years$4,441$3,801$3,241$2,755$2,334$1,553
16 years$4,120$3,488$2,939$2,467$2,063$1,328
17 years$3,838$3,212$2,674$2,216$1,829$1,139
18 years$3,587$2,968$2,441$1,997$1,626$979
19 years$3,362$2,751$2,235$1,805$1,450$843
20 years$3,161$2,556$2,051$1,634$1,295$727
21 years$2,979$2,381$1,887$1,483$1,159$627
22 years$2,813$2,222$1,739$1,349$1,039$542
23 years$2,662$2,079$1,605$1,228$932$469
24 years$2,524$1,948$1,485$1,120$838$407
25 years$2,398$1,828$1,375$1,023$754$353
26 years$2,281$1,718$1,275$935$679$306
27 years$2,173$1,617$1,184$856$612$265
28 years$2,073$1,523$1,101$785$553$230
29 years$1,980$1,437$1,025$719$499$200
30 years$1,893$1,357$954$660$451$174
31 years$1,812$1,283$890$606$408$151
32 years$1,736$1,214$830$557$369$131
33 years$1,665$1,150$775$512$334$114
34 years$1,599$1,090$724$472$302$99
35 years$1,536$1,033$677$434$274$87
36 years$1,477$981$633$400$248$75
37 years$1,421$932$593$368$225$66
38 years$1,369$885$555$339$204$57
39 years$1,319$842$520$313$185$50
40 years$1,271$801$488$289$168$43
41 years$1,227$762$457$266$152$38
42 years$1,184$726$429$246$138$33
43 years$1,144$692$402$227$125$29
44 years$1,105$659$378$210$114$25
45 years$1,068$629$355$194$103$22
46 years$1,033$600$333$179$94$19
47 years$1,000$573$313$165$85$16
48 years$968$547$294$153$77$14
49 years$937$522$276$141$70$12
50 years$908$499$260$130$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $930,000, adding $5,582 every year, while hoping to spend $26,030 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: 22/49/29 Blend
71$930,000$930,000$930,000$930,000
72$1,030,618$981,328$966,913$1,043,750
73$1,108,045$1,001,717$971,609$1,076,288
74$1,192,498$1,022,233$975,589$1,108,551
75$1,284,664$1,042,855$978,804$1,142,509
76$1,385,304$1,063,558$981,197$1,178,319
77$1,495,251$1,084,319$982,714$1,216,154
78$1,615,425$1,105,109$983,293$1,256,205
79$1,746,838$1,125,899$982,873$1,298,683
80$1,890,605$1,146,657$981,389$1,343,821
81$2,047,952$1,167,349$978,770$1,391,880
82$2,220,230$1,187,936$974,946$1,443,146
83$2,408,927$1,208,378$969,840$1,497,935
84$2,615,681$1,228,633$963,374$1,556,601
85$2,842,298$1,248,652$955,464$1,619,530
86$3,090,763$1,268,388$946,023$1,687,154
87$3,363,267$1,287,784$934,960$1,759,947
88$3,662,219$1,306,784$922,180$1,838,437
89$3,990,275$1,325,326$907,583$1,923,204
90$4,350,359$1,343,344$891,063$2,014,894
91$4,745,694$1,360,766$872,513$2,114,217
92$5,179,829$1,377,518$851,816$2,221,962
93$5,656,673$1,393,517$828,853$2,338,997
94$6,180,532$1,408,678$803,498$2,466,287
95$6,756,152$1,422,909$775,621$2,604,894
96$7,388,759$1,436,111$745,084$2,755,994
97$8,084,112$1,448,180$711,743$2,920,886
98$8,848,554$1,459,004$675,450$3,101,006
99$9,689,075$1,468,463$636,046$3,297,941
100$10,613,375$1,476,433$593,368$3,513,443