Can I retire at age 72 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$77,459$76,769$76,096$75,439$74,797$73,377
2 years$38,346$37,632$36,940$36,269$35,618$34,193
3 years$25,310$24,593$23,903$23,238$22,597$21,212
4 years$18,793$18,078$17,395$16,741$16,117$14,781
5 years$14,884$14,174$13,499$12,859$12,252$10,970
6 years$12,279$11,574$10,909$10,283$9,694$8,467
7 years$10,419$9,720$9,066$8,455$7,884$6,713
8 years$9,025$8,332$7,688$7,092$6,541$5,425
9 years$7,941$7,254$6,622$6,041$5,508$4,447
10 years$7,074$6,394$5,773$5,208$4,693$3,685
11 years$6,365$5,692$5,083$4,532$4,036$3,081
12 years$5,775$5,109$4,511$3,975$3,498$2,593
13 years$5,276$4,617$4,030$3,510$3,050$2,195
14 years$4,849$4,197$3,621$3,115$2,674$1,867
15 years$4,479$3,834$3,269$2,778$2,354$1,594
16 years$4,156$3,518$2,964$2,488$2,081$1,365
17 years$3,871$3,240$2,697$2,235$1,845$1,172
18 years$3,618$2,993$2,462$2,014$1,640$1,008
19 years$3,391$2,774$2,254$1,820$1,462$870
20 years$3,188$2,578$2,069$1,649$1,306$751
21 years$3,004$2,401$1,903$1,496$1,169$650
22 years$2,837$2,242$1,754$1,360$1,048$562
23 years$2,685$2,096$1,619$1,239$940$488
24 years$2,546$1,964$1,497$1,130$845$423
25 years$2,418$1,843$1,387$1,032$761$367
26 years$2,300$1,732$1,286$944$685$319
27 years$2,192$1,630$1,194$864$618$277
28 years$2,091$1,536$1,110$791$557$241
29 years$1,997$1,449$1,033$726$503$210
30 years$1,909$1,369$963$666$455$183
31 years$1,828$1,294$897$612$411$159
32 years$1,751$1,224$837$562$372$139
33 years$1,680$1,159$782$517$337$121
34 years$1,613$1,099$730$476$305$105
35 years$1,549$1,042$683$438$276$92
36 years$1,490$989$639$403$250$80
37 years$1,434$940$598$371$227$70
38 years$1,380$893$560$342$205$61
39 years$1,330$849$525$316$186$53
40 years$1,282$808$492$291$169$46
41 years$1,237$769$461$269$153$40
42 years$1,194$732$432$248$139$35
43 years$1,153$698$406$229$126$31
44 years$1,114$665$381$211$115$27
45 years$1,077$634$358$195$104$23
46 years$1,042$605$336$180$94$20
47 years$1,008$577$316$167$86$18
48 years$976$551$297$154$78$15
49 years$945$526$279$142$71$14
50 years$916$503$262$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $938,000, adding $2,194 every year, while hoping to spend $45,398 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: 35/45/20 Blend
71$938,000$938,000$938,000$938,000
72$1,035,939$986,225$971,686$1,065,811
73$1,093,302$986,247$955,934$1,087,949
74$1,154,994$984,748$938,134$1,107,455
75$1,221,409$981,607$918,167$1,127,563
76$1,292,980$976,693$895,912$1,148,352
77$1,370,181$969,868$871,243$1,169,915
78$1,453,534$960,986$844,024$1,192,356
79$1,543,612$949,892$814,116$1,215,795
80$1,641,045$936,421$781,374$1,240,367
81$1,746,526$920,401$745,645$1,266,225
82$1,860,817$901,645$706,768$1,293,543
83$1,984,753$879,958$664,578$1,322,517
84$2,119,256$855,135$618,900$1,353,369
85$2,265,338$826,954$569,551$1,386,348
86$2,424,113$795,185$516,341$1,421,735
87$2,596,806$759,583$459,072$1,459,845
88$2,784,765$719,887$397,536$1,501,034
89$2,989,473$675,823$331,515$1,545,699
90$3,212,561$627,101$260,783$1,594,286
91$3,455,827$573,414$185,104$1,647,294
92$3,721,247$514,437$104,231$1,705,281
93$4,010,997$449,827$17,905$1,768,872
94$4,327,473$379,222$0$1,838,764
95$4,673,310$302,239$0$1,931,573
96$5,051,412$218,473$0$2,037,438
97$5,464,976$127,498$0$2,153,563
98$5,917,520$28,862$0$2,281,092
99$6,412,920$0$0$2,421,296
100$6,955,443$0$0$2,614,162