Can I retire at age 72 with 933,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$77,046$76,360$75,690$75,037$74,399$71,588
2 years$38,142$37,431$36,743$36,075$35,428$32,629
3 years$25,175$24,462$23,775$23,114$22,477$19,778
4 years$18,693$17,982$17,302$16,652$16,031$13,452
5 years$14,805$14,098$13,427$12,791$12,186$9,734
6 years$12,214$11,512$10,851$10,229$9,643$7,319
7 years$10,364$9,668$9,017$8,410$7,842$5,646
8 years$8,977$8,287$7,647$7,055$6,506$4,436
9 years$7,898$7,215$6,587$6,009$5,479$3,532
10 years$7,036$6,360$5,742$5,180$4,668$2,841
11 years$6,332$5,662$5,056$4,508$4,015$2,303
12 years$5,745$5,082$4,487$3,954$3,479$1,878
13 years$5,248$4,593$4,009$3,491$3,034$1,539
14 years$4,823$4,175$3,602$3,099$2,659$1,266
15 years$4,455$3,814$3,252$2,764$2,342$1,045
16 years$4,134$3,499$2,948$2,474$2,070$865
17 years$3,850$3,222$2,683$2,223$1,835$717
18 years$3,598$2,978$2,449$2,004$1,632$595
19 years$3,373$2,760$2,242$1,810$1,454$495
20 years$3,171$2,564$2,058$1,640$1,299$412
21 years$2,988$2,389$1,893$1,488$1,162$344
22 years$2,822$2,230$1,744$1,353$1,042$287
23 years$2,671$2,085$1,611$1,232$935$239
24 years$2,533$1,954$1,490$1,124$841$200
25 years$2,405$1,834$1,380$1,026$756$167
26 years$2,288$1,723$1,279$938$681$140
27 years$2,180$1,622$1,188$859$614$117
28 years$2,079$1,528$1,105$787$554$98
29 years$1,986$1,442$1,028$722$501$82
30 years$1,899$1,362$957$662$452$68
31 years$1,818$1,287$893$608$409$57
32 years$1,742$1,218$833$559$370$48
33 years$1,671$1,153$778$514$335$40
34 years$1,604$1,093$727$473$303$34
35 years$1,541$1,037$679$435$275$28
36 years$1,482$984$635$401$249$24
37 years$1,426$935$595$370$225$20
38 years$1,373$888$557$341$204$16
39 years$1,323$845$522$314$185$14
40 years$1,276$804$489$290$168$12
41 years$1,231$765$459$267$153$10
42 years$1,188$728$430$247$138$8
43 years$1,147$694$404$228$126$7
44 years$1,109$662$379$210$114$6
45 years$1,072$631$356$194$103$5
46 years$1,037$602$334$179$94$4
47 years$1,003$574$314$166$85$3
48 years$971$548$295$153$77$3
49 years$940$524$277$141$70$2
50 years$911$500$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $933,000, adding $2,315 every year, while hoping to spend $31,219 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: 45/25/30 Blend
71$933,000$933,000$933,000$933,000
72$1,030,554$981,105$966,643$1,067,891
73$1,102,454$995,962$965,809$1,109,612
74$1,180,641$1,010,501$963,901$1,151,678
75$1,265,724$1,024,674$960,849$1,196,715
76$1,358,372$1,038,427$956,582$1,245,019
77$1,459,322$1,051,706$951,023$1,296,917
78$1,569,384$1,064,451$944,094$1,352,772
79$1,689,451$1,076,598$935,711$1,412,982
80$1,820,504$1,088,081$925,786$1,477,992
81$1,963,625$1,098,826$914,229$1,548,289
82$2,120,003$1,108,757$900,944$1,624,414
83$2,290,948$1,117,791$885,831$1,706,963
84$2,477,903$1,125,841$868,785$1,796,597
85$2,682,456$1,132,814$849,695$1,894,045
86$2,906,355$1,138,610$828,449$2,000,113
87$3,151,525$1,143,125$804,924$2,115,690
88$3,420,088$1,146,245$778,996$2,241,760
89$3,714,378$1,147,852$750,534$2,379,409
90$4,036,968$1,147,820$719,399$2,529,836
91$4,390,688$1,146,012$685,449$2,694,367
92$4,778,660$1,142,288$648,533$2,874,464
93$5,204,318$1,136,496$608,494$3,071,743
94$5,671,448$1,128,473$565,168$3,287,988
95$6,184,218$1,118,051$518,383$3,525,169
96$6,747,221$1,105,048$467,962$3,785,460
97$7,365,514$1,089,272$413,716$4,071,262
98$8,044,671$1,070,521$355,450$4,385,223
99$8,790,831$1,048,580$292,960$4,730,269
100$9,610,754$1,023,219$226,033$5,109,628