Can I retire at age 72 with 938,000?

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 $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%11.6%
1 years$77,459$76,769$76,096$75,439$74,797$74,295
2 years$38,346$37,632$36,940$36,269$35,618$35,111
3 years$25,310$24,593$23,903$23,238$22,597$22,102
4 years$18,793$18,078$17,395$16,741$16,117$15,636
5 years$14,884$14,174$13,499$12,859$12,252$11,788
6 years$12,279$11,574$10,909$10,283$9,694$9,248
7 years$10,419$9,720$9,066$8,455$7,884$7,455
8 years$9,025$8,332$7,688$7,092$6,541$6,129
9 years$7,941$7,254$6,622$6,041$5,508$5,114
10 years$7,074$6,394$5,773$5,208$4,693$4,316
11 years$6,365$5,692$5,083$4,532$4,036$3,676
12 years$5,775$5,109$4,511$3,975$3,498$3,154
13 years$5,276$4,617$4,030$3,510$3,050$2,723
14 years$4,849$4,197$3,621$3,115$2,674$2,362
15 years$4,479$3,834$3,269$2,778$2,354$2,058
16 years$4,156$3,518$2,964$2,488$2,081$1,799
17 years$3,871$3,240$2,697$2,235$1,845$1,578
18 years$3,618$2,993$2,462$2,014$1,640$1,388
19 years$3,391$2,774$2,254$1,820$1,462$1,223
20 years$3,188$2,578$2,069$1,649$1,306$1,080
21 years$3,004$2,401$1,903$1,496$1,169$955
22 years$2,837$2,242$1,754$1,360$1,048$846
23 years$2,685$2,096$1,619$1,239$940$751
24 years$2,546$1,964$1,497$1,130$845$667
25 years$2,418$1,843$1,387$1,032$761$592
26 years$2,300$1,732$1,286$944$685$527
27 years$2,192$1,630$1,194$864$618$469
28 years$2,091$1,536$1,110$791$557$418
29 years$1,997$1,449$1,033$726$503$373
30 years$1,909$1,369$963$666$455$333
31 years$1,828$1,294$897$612$411$297
32 years$1,751$1,224$837$562$372$265
33 years$1,680$1,159$782$517$337$237
34 years$1,613$1,099$730$476$305$212
35 years$1,549$1,042$683$438$276$189
36 years$1,490$989$639$403$250$169
37 years$1,434$940$598$371$227$151
38 years$1,380$893$560$342$205$135
39 years$1,330$849$525$316$186$121
40 years$1,282$808$492$291$169$108
41 years$1,237$769$461$269$153$97
42 years$1,194$732$432$248$139$87
43 years$1,153$698$406$229$126$78
44 years$1,114$665$381$211$115$69
45 years$1,077$634$358$195$104$62
46 years$1,042$605$336$180$94$56
47 years$1,008$577$316$167$86$50
48 years$976$551$297$154$78$45
49 years$945$526$279$142$71$40
50 years$916$503$262$131$64$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $938,000, adding $4,898 every year, while hoping to spend $37,845 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: 68/22/10 Blend
71$938,000$938,000$938,000$938,000
72$1,038,728$989,014$974,475$1,106,916
73$1,104,412$997,209$966,853$1,161,024
74$1,175,527$1,004,537$957,708$1,215,167
75$1,252,587$1,010,916$946,947$1,273,382
76$1,336,157$1,016,258$934,477$1,336,063
77$1,426,860$1,020,469$920,197$1,403,644
78$1,525,379$1,023,451$904,002$1,476,604
79$1,632,465$1,025,098$885,784$1,555,472
80$1,748,947$1,025,298$865,428$1,640,828
81$1,875,733$1,023,931$842,814$1,733,316
82$2,013,826$1,020,872$817,816$1,833,643
83$2,164,328$1,015,986$790,304$1,942,592
84$2,328,451$1,009,132$760,142$2,061,025
85$2,507,531$1,000,157$727,184$2,189,892
86$2,703,037$988,902$691,282$2,330,242
87$2,916,586$975,197$652,280$2,483,232
88$3,149,959$958,863$610,012$2,650,138
89$3,405,116$939,709$564,309$2,832,367
90$3,684,216$917,533$514,991$3,031,473
91$3,989,635$892,121$461,873$3,249,167
92$4,323,991$863,247$404,758$3,487,338
93$4,690,164$830,672$343,443$3,748,070
94$5,091,328$794,143$277,716$4,033,660
95$5,530,978$753,390$207,354$4,346,642
96$6,012,962$708,131$132,125$4,689,812
97$6,541,521$658,067$51,788$5,066,252
98$7,121,323$602,878$0$5,479,362
99$7,757,510$542,232$0$5,936,513
100$8,455,747$475,772$0$6,444,350