Can I retire at age 72 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$77,707$77,015$76,339$75,680$75,037$74,720
2 years$38,469$37,752$37,058$36,385$35,732$35,413
3 years$25,391$24,672$23,979$23,312$22,670$22,357
4 years$18,854$18,136$17,451$16,795$16,168$15,865
5 years$14,932$14,219$13,542$12,900$12,291$11,998
6 years$12,319$11,611$10,944$10,316$9,725$9,443
7 years$10,453$9,751$9,095$8,482$7,909$7,638
8 years$9,054$8,358$7,713$7,115$6,562$6,301
9 years$7,966$7,277$6,643$6,060$5,526$5,275
10 years$7,097$6,415$5,792$5,224$4,708$4,468
11 years$6,386$5,711$5,099$4,547$4,049$3,820
12 years$5,794$5,125$4,525$3,988$3,509$3,290
13 years$5,293$4,632$4,043$3,521$3,060$2,851
14 years$4,865$4,210$3,633$3,125$2,682$2,483
15 years$4,493$3,846$3,280$2,787$2,362$2,172
16 years$4,169$3,529$2,974$2,496$2,087$1,907
17 years$3,883$3,250$2,706$2,242$1,851$1,679
18 years$3,629$3,003$2,470$2,021$1,646$1,483
19 years$3,402$2,783$2,261$1,826$1,467$1,312
20 years$3,198$2,586$2,075$1,654$1,310$1,164
21 years$3,014$2,409$1,909$1,501$1,172$1,034
22 years$2,847$2,249$1,759$1,365$1,051$920
23 years$2,694$2,103$1,624$1,243$943$820
24 years$2,554$1,971$1,502$1,134$848$731
25 years$2,426$1,849$1,391$1,035$763$653
26 years$2,308$1,738$1,290$947$687$584
27 years$2,199$1,636$1,198$866$620$522
28 years$2,097$1,541$1,114$794$559$468
29 years$2,003$1,454$1,037$728$505$419
30 years$1,915$1,373$966$668$456$375
31 years$1,834$1,298$900$614$412$337
32 years$1,757$1,228$840$564$373$302
33 years$1,685$1,163$784$519$338$271
34 years$1,618$1,102$733$477$306$244
35 years$1,554$1,046$685$439$277$219
36 years$1,495$992$641$404$251$197
37 years$1,438$943$600$373$227$177
38 years$1,385$896$562$344$206$159
39 years$1,334$852$526$317$187$143
40 years$1,286$810$493$292$170$128
41 years$1,241$771$463$270$154$116
42 years$1,198$735$434$249$140$104
43 years$1,157$700$407$230$127$94
44 years$1,118$667$382$212$115$84
45 years$1,081$636$359$196$104$76
46 years$1,045$607$337$181$95$68
47 years$1,012$579$317$167$86$61
48 years$979$553$298$154$78$55
49 years$948$528$280$143$71$50
50 years$919$504$263$132$64$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $941,000, adding $5,367 every year, while hoping to spend $52,835 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: 86/9/5 Blend
71$941,000$941,000$941,000$941,000
72$1,042,518$992,645$978,060$1,131,753
73$1,092,639$985,069$954,609$1,183,119
74$1,146,101$975,350$928,601$1,231,691
75$1,203,190$963,329$899,896$1,283,348
76$1,264,218$948,834$868,345$1,338,363
77$1,329,527$931,686$833,793$1,397,036
78$1,399,493$911,693$796,080$1,459,696
79$1,474,528$888,653$755,035$1,526,706
80$1,555,083$862,350$710,482$1,598,464
81$1,641,655$832,559$662,236$1,675,411
82$1,734,788$799,038$610,105$1,758,029
83$1,835,079$761,534$553,887$1,846,850
84$1,943,185$719,777$493,370$1,942,462
85$2,059,828$673,483$428,335$2,045,509
86$2,185,798$622,352$358,553$2,156,701
87$2,321,968$566,066$283,782$2,276,822
88$2,469,293$504,287$203,773$2,406,735
89$2,628,825$436,662$118,264$2,547,388
90$2,801,722$362,814$26,982$2,699,830
91$2,989,253$282,348$0$2,865,212
92$3,192,818$194,845$0$3,048,562
93$3,413,955$99,861$0$3,249,305
94$3,654,354$0$0$3,467,558
95$3,915,878$0$0$3,705,342
96$4,200,575$0$0$3,974,971
97$4,510,696$0$0$4,268,690
98$4,848,722$0$0$4,588,849
99$5,217,381$0$0$4,938,034
100$5,619,678$0$0$5,319,092