Can I retire at age 72 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$77,542$76,851$76,177$75,519$74,877$73,425
2 years$38,387$37,672$36,979$36,307$35,656$34,199
3 years$25,337$24,619$23,928$23,263$22,622$21,205
4 years$18,813$18,098$17,413$16,759$16,134$14,769
5 years$14,900$14,189$13,514$12,873$12,265$10,955
6 years$12,292$11,586$10,921$10,294$9,705$8,452
7 years$10,430$9,730$9,075$8,464$7,892$6,696
8 years$9,034$8,340$7,697$7,100$6,548$5,408
9 years$7,949$7,262$6,629$6,048$5,514$4,431
10 years$7,082$6,401$5,779$5,213$4,698$3,670
11 years$6,372$5,698$5,088$4,537$4,041$3,066
12 years$5,781$5,115$4,516$3,979$3,502$2,579
13 years$5,282$4,622$4,034$3,513$3,053$2,182
14 years$4,854$4,201$3,625$3,119$2,677$1,854
15 years$4,484$3,838$3,273$2,781$2,357$1,582
16 years$4,160$3,521$2,967$2,490$2,083$1,353
17 years$3,875$3,243$2,700$2,238$1,847$1,161
18 years$3,621$2,997$2,465$2,017$1,642$999
19 years$3,395$2,777$2,256$1,822$1,464$861
20 years$3,191$2,581$2,071$1,650$1,307$743
21 years$3,007$2,404$1,905$1,498$1,170$642
22 years$2,840$2,244$1,756$1,362$1,049$555
23 years$2,688$2,099$1,621$1,240$941$481
24 years$2,549$1,966$1,499$1,131$846$417
25 years$2,421$1,845$1,388$1,033$761$362
26 years$2,303$1,734$1,288$945$686$314
27 years$2,194$1,632$1,196$865$618$273
28 years$2,093$1,538$1,112$792$558$237
29 years$1,999$1,451$1,034$726$504$206
30 years$1,911$1,370$964$667$455$179
31 years$1,830$1,295$898$612$412$156
32 years$1,753$1,226$838$563$372$136
33 years$1,682$1,161$783$517$337$118
34 years$1,614$1,100$731$476$305$103
35 years$1,551$1,043$684$438$276$90
36 years$1,491$990$639$404$250$78
37 years$1,435$941$599$372$227$68
38 years$1,382$894$561$343$206$59
39 years$1,331$850$525$316$187$52
40 years$1,284$809$492$292$169$45
41 years$1,238$770$462$269$153$39
42 years$1,195$733$433$248$139$34
43 years$1,155$699$406$229$126$30
44 years$1,116$666$381$212$115$26
45 years$1,079$635$358$195$104$23
46 years$1,043$606$336$180$95$20
47 years$1,009$578$316$167$86$17
48 years$977$552$297$154$78$15
49 years$946$527$279$142$71$13
50 years$917$503$262$132$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $939,000, adding $3,864 every year, while hoping to spend $38,243 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: 52/29/19 Blend
71$939,000$939,000$939,000$939,000
72$1,038,764$988,997$974,442$1,087,169
73$1,104,027$996,767$966,396$1,128,640
74$1,174,666$1,003,637$956,798$1,169,418
75$1,251,188$1,009,521$945,557$1,212,948
76$1,334,151$1,014,330$932,575$1,259,504
77$1,424,170$1,017,967$917,752$1,309,388
78$1,521,920$1,020,332$900,981$1,362,935
79$1,628,143$1,021,316$882,151$1,420,517
80$1,743,658$1,020,804$861,147$1,482,545
81$1,869,362$1,018,675$837,846$1,549,473
82$2,006,245$1,014,798$812,123$1,621,803
83$2,155,396$1,009,037$783,843$1,700,092
84$2,318,013$1,001,247$752,868$1,784,954
85$2,495,414$991,271$719,053$1,877,069
86$2,689,050$978,947$682,245$1,977,190
87$2,900,518$964,101$642,285$2,086,149
88$3,131,578$946,549$599,009$2,204,863
89$3,384,165$926,096$552,241$2,334,350
90$3,660,411$902,535$501,802$2,475,733
91$3,962,661$875,648$447,502$2,630,253
92$4,293,502$845,204$389,142$2,799,281
93$4,655,778$810,957$326,517$2,984,334
94$5,052,622$772,649$259,410$3,187,087
95$5,487,486$730,006$187,597$3,409,388
96$5,964,171$682,737$110,842$3,653,282
97$6,486,861$630,536$28,901$3,921,027
98$7,060,168$573,080$0$4,215,115
99$7,689,169$510,025$0$4,550,169
100$8,379,458$441,009$0$4,924,384