Can I retire at age 72 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$77,211$76,524$75,853$75,198$74,558$73,353
2 years$38,223$37,512$36,822$36,153$35,504$34,293
3 years$25,229$24,514$23,826$23,163$22,525$21,346
4 years$18,733$18,021$17,339$16,688$16,065$14,927
5 years$14,837$14,128$13,456$12,818$12,212$11,119
6 years$12,240$11,537$10,874$10,251$9,663$8,616
7 years$10,386$9,689$9,037$8,428$7,859$6,857
8 years$8,996$8,305$7,664$7,070$6,520$5,564
9 years$7,915$7,231$6,601$6,022$5,491$4,580
10 years$7,051$6,374$5,755$5,191$4,678$3,812
11 years$6,345$5,674$5,066$4,518$4,023$3,201
12 years$5,757$5,093$4,496$3,963$3,487$2,706
13 years$5,260$4,602$4,017$3,498$3,040$2,302
14 years$4,834$4,183$3,609$3,105$2,665$1,967
15 years$4,465$3,822$3,259$2,769$2,347$1,687
16 years$4,142$3,506$2,955$2,480$2,074$1,452
17 years$3,858$3,229$2,689$2,228$1,839$1,253
18 years$3,606$2,984$2,454$2,008$1,635$1,084
19 years$3,380$2,765$2,247$1,814$1,457$939
20 years$3,178$2,570$2,062$1,643$1,302$815
21 years$2,995$2,394$1,897$1,491$1,165$709
22 years$2,828$2,234$1,748$1,356$1,044$617
23 years$2,677$2,090$1,614$1,235$937$538
24 years$2,538$1,958$1,493$1,126$842$469
25 years$2,411$1,837$1,383$1,029$758$410
26 years$2,293$1,727$1,282$941$683$358
27 years$2,185$1,625$1,191$861$616$313
28 years$2,084$1,531$1,107$789$556$274
29 years$1,990$1,445$1,030$723$502$240
30 years$1,903$1,364$959$664$453$210
31 years$1,822$1,290$894$610$410$184
32 years$1,746$1,220$835$560$371$161
33 years$1,674$1,156$779$515$335$141
34 years$1,607$1,095$728$474$304$124
35 years$1,544$1,039$681$436$275$108
36 years$1,485$986$637$402$249$95
37 years$1,429$937$596$370$226$83
38 years$1,376$890$558$341$205$73
39 years$1,326$846$523$315$186$64
40 years$1,278$805$490$290$168$56
41 years$1,233$767$460$268$153$49
42 years$1,190$730$431$247$139$43
43 years$1,150$696$405$228$126$38
44 years$1,111$663$380$211$114$33
45 years$1,074$632$357$195$104$29
46 years$1,039$603$335$180$94$26
47 years$1,005$576$315$166$86$23
48 years$973$549$296$153$78$20
49 years$942$525$278$142$71$17
50 years$913$501$261$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $935,000, adding $6,181 every year, while hoping to spend $22,825 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: 46/30/24 Blend
71$935,000$935,000$935,000$935,000
72$1,036,746$987,191$972,698$1,077,040
73$1,118,208$1,011,277$980,998$1,130,110
74$1,207,215$1,035,779$988,811$1,184,931
75$1,304,511$1,060,693$996,096$1,243,954
76$1,410,917$1,086,013$1,002,812$1,307,585
77$1,527,338$1,111,735$1,008,913$1,376,267
78$1,654,767$1,137,850$1,014,352$1,450,491
79$1,794,300$1,164,352$1,019,080$1,530,799
80$1,947,145$1,191,231$1,023,045$1,617,785
81$2,114,629$1,218,477$1,026,193$1,712,108
82$2,298,217$1,246,078$1,028,465$1,814,490
83$2,499,518$1,274,019$1,029,803$1,925,729
84$2,720,310$1,302,287$1,030,141$2,046,705
85$2,962,546$1,330,863$1,029,416$2,178,387
86$3,228,380$1,359,730$1,027,556$2,321,844
87$3,520,185$1,388,867$1,024,489$2,478,254
88$3,840,572$1,418,250$1,020,138$2,648,915
89$4,192,421$1,447,855$1,014,423$2,835,258
90$4,578,902$1,477,654$1,007,260$3,038,862
91$5,003,508$1,507,617$998,562$3,261,465
92$5,470,087$1,537,711$988,235$3,504,986
93$5,982,878$1,567,901$976,183$3,771,537
94$6,546,552$1,598,148$962,304$4,063,450
95$7,166,252$1,628,410$946,494$4,383,292
96$7,847,649$1,658,641$928,640$4,733,897
97$8,596,987$1,688,792$908,627$5,118,384
98$9,421,147$1,718,810$886,334$5,540,197
99$10,327,710$1,748,638$861,632$6,003,127
100$11,325,029$1,778,214$834,389$6,511,358