Can I retire at age 72 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$76,881$76,196$75,528$74,876$74,239$72,889
2 years$38,060$37,351$36,664$35,998$35,352$33,997
3 years$25,121$24,409$23,724$23,064$22,429$21,111
4 years$18,653$17,943$17,265$16,617$15,996$14,725
5 years$14,773$14,068$13,398$12,763$12,160$10,940
6 years$12,188$11,487$10,828$10,207$9,622$8,454
7 years$10,341$9,647$8,998$8,392$7,825$6,709
8 years$8,957$8,269$7,631$7,039$6,492$5,428
9 years$7,882$7,200$6,573$5,996$5,467$4,455
10 years$7,021$6,346$5,730$5,169$4,658$3,697
11 years$6,318$5,650$5,045$4,498$4,006$3,094
12 years$5,732$5,071$4,477$3,946$3,472$2,608
13 years$5,237$4,583$4,000$3,483$3,027$2,210
14 years$4,813$4,166$3,594$3,092$2,654$1,882
15 years$4,446$3,805$3,245$2,758$2,337$1,609
16 years$4,125$3,491$2,942$2,469$2,065$1,380
17 years$3,842$3,215$2,677$2,219$1,831$1,187
18 years$3,591$2,971$2,444$1,999$1,628$1,023
19 years$3,366$2,754$2,237$1,807$1,451$883
20 years$3,164$2,559$2,053$1,636$1,296$764
21 years$2,982$2,383$1,889$1,485$1,160$662
22 years$2,816$2,225$1,741$1,350$1,040$574
23 years$2,665$2,081$1,607$1,230$933$498
24 years$2,527$1,950$1,486$1,121$839$433
25 years$2,400$1,830$1,377$1,024$755$376
26 years$2,283$1,720$1,277$936$680$328
27 years$2,175$1,618$1,186$857$613$285
28 years$2,075$1,525$1,102$785$553$248
29 years$1,982$1,439$1,026$720$499$217
30 years$1,895$1,359$955$661$451$189
31 years$1,814$1,284$891$607$408$165
32 years$1,738$1,215$831$558$369$144
33 years$1,667$1,151$776$513$334$125
34 years$1,601$1,091$725$472$302$109
35 years$1,538$1,035$678$435$274$96
36 years$1,479$982$634$400$248$83
37 years$1,423$933$593$369$225$73
38 years$1,370$886$556$340$204$64
39 years$1,320$843$521$313$185$56
40 years$1,273$802$488$289$168$49
41 years$1,228$763$458$267$152$42
42 years$1,185$727$429$246$138$37
43 years$1,145$693$403$227$125$32
44 years$1,106$660$378$210$114$28
45 years$1,069$630$355$194$103$25
46 years$1,034$601$333$179$94$22
47 years$1,001$573$313$165$85$19
48 years$969$547$294$153$77$16
49 years$938$522$277$141$70$14
50 years$909$499$260$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $931,000, adding $3,045 every year, while hoping to spend $50,687 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: 29/46/25 Blend
71$931,000$931,000$931,000$931,000
72$1,029,103$979,760$965,329$1,050,881
73$1,080,141$973,838$943,737$1,062,208
74$1,134,686$965,926$919,723$1,069,720
75$1,193,042$955,875$893,152$1,076,760
76$1,255,543$943,524$863,884$1,083,321
77$1,322,555$928,702$831,770$1,089,400
78$1,394,479$911,232$796,657$1,094,999
79$1,471,755$890,922$758,385$1,100,126
80$1,554,867$867,570$716,784$1,104,794
81$1,644,345$840,963$671,678$1,109,024
82$1,740,774$810,876$622,885$1,112,847
83$1,844,792$777,068$570,211$1,116,302
84$1,957,104$739,287$513,456$1,119,440
85$2,078,482$697,265$452,410$1,122,325
86$2,209,775$650,720$386,854$1,125,034
87$2,351,919$599,351$316,560$1,127,665
88$2,505,938$542,843$241,288$1,130,329
89$2,672,962$480,861$160,790$1,133,163
90$2,854,233$413,052$74,805$1,136,325
91$3,051,114$339,041$0$1,140,001
92$3,265,109$258,435$0$1,148,931
93$3,497,869$170,817$0$1,180,432
94$3,751,212$75,747$0$1,214,895
95$4,027,137$0$0$1,252,735
96$4,327,845$0$0$1,308,206
97$4,655,759$0$0$1,410,642
98$5,013,544$0$0$1,522,550
99$5,404,135$0$0$1,644,865
100$5,830,760$0$0$1,778,617