Can I retire at age 72 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$77,377$76,687$76,015$75,359$74,718$72,676
2 years$38,305$37,592$36,900$36,230$35,580$33,537
3 years$25,283$24,567$23,877$23,213$22,573$20,594
4 years$18,773$18,059$17,376$16,724$16,099$14,199
5 years$14,869$14,159$13,485$12,845$12,239$10,423
6 years$12,266$11,562$10,898$10,273$9,684$7,954
7 years$10,408$9,709$9,056$8,446$7,876$6,231
8 years$9,015$8,323$7,680$7,085$6,534$4,974
9 years$7,932$7,246$6,615$6,035$5,502$4,026
10 years$7,067$6,387$5,767$5,202$4,688$3,294
11 years$6,359$5,686$5,077$4,527$4,032$2,717
12 years$5,769$5,104$4,506$3,971$3,494$2,256
13 years$5,271$4,612$4,026$3,506$3,047$1,883
14 years$4,844$4,192$3,617$3,112$2,671$1,578
15 years$4,474$3,830$3,266$2,775$2,352$1,328
16 years$4,151$3,514$2,961$2,485$2,078$1,120
17 years$3,866$3,236$2,694$2,233$1,843$947
18 years$3,614$2,990$2,460$2,012$1,639$803
19 years$3,388$2,771$2,252$1,818$1,460$682
20 years$3,185$2,575$2,066$1,647$1,305$579
21 years$3,001$2,399$1,901$1,495$1,167$493
22 years$2,834$2,239$1,752$1,359$1,046$420
23 years$2,682$2,094$1,617$1,238$939$358
24 years$2,543$1,962$1,496$1,129$844$306
25 years$2,416$1,841$1,386$1,031$760$261
26 years$2,298$1,731$1,285$943$684$223
27 years$2,189$1,629$1,193$863$617$191
28 years$2,088$1,535$1,109$790$557$163
29 years$1,995$1,448$1,032$725$503$139
30 years$1,907$1,367$962$665$454$119
31 years$1,826$1,293$896$611$411$102
32 years$1,750$1,223$836$561$371$87
33 years$1,678$1,158$781$516$336$75
34 years$1,611$1,098$730$475$304$64
35 years$1,548$1,041$682$437$276$55
36 years$1,488$988$638$403$250$47
37 years$1,432$939$597$371$226$40
38 years$1,379$892$559$342$205$34
39 years$1,329$848$524$315$186$29
40 years$1,281$807$491$291$169$25
41 years$1,236$768$461$268$153$22
42 years$1,193$732$432$248$139$19
43 years$1,152$697$405$229$126$16
44 years$1,113$664$381$211$114$14
45 years$1,076$634$357$195$104$12
46 years$1,041$604$336$180$94$10
47 years$1,007$577$315$166$86$9
48 years$975$551$296$154$78$7
49 years$944$526$278$142$71$6
50 years$915$502$262$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $937,000, adding $6,625 every year, while hoping to spend $56,004 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: 53/24/23 Blend
71$937,000$937,000$937,000$937,000
72$1,039,408$989,747$975,223$1,087,568
73$1,085,839$978,656$948,305$1,110,380
74$1,135,130$965,146$918,609$1,128,846
75$1,187,513$949,037$885,981$1,147,772
76$1,243,241$930,142$850,263$1,167,220
77$1,302,593$908,260$811,289$1,187,264
78$1,365,875$883,182$768,884$1,207,986
79$1,433,419$854,683$722,867$1,229,484
80$1,505,592$822,527$673,047$1,251,865
81$1,582,794$786,463$619,226$1,275,255
82$1,665,465$746,226$561,197$1,299,793
83$1,754,088$701,536$498,742$1,325,639
84$1,849,190$652,096$431,635$1,352,974
85$1,951,353$597,595$359,640$1,382,003
86$2,061,213$537,699$282,510$1,412,954
87$2,179,470$472,059$199,987$1,446,088
88$2,306,891$400,305$111,802$1,481,696
89$2,444,321$322,047$17,674$1,520,106
90$2,592,685$236,870$0$1,561,685
91$2,753,002$144,340$0$1,627,160
92$2,926,391$43,996$0$1,702,629
93$3,114,082$0$0$1,784,344
94$3,317,428$0$0$1,890,039
95$3,537,915$0$0$2,017,319
96$3,777,177$0$0$2,155,518
97$4,037,014$0$0$2,305,685
98$4,319,403$0$0$2,468,974
99$4,626,521$0$0$2,646,653
100$4,960,760$0$0$2,840,121