Can I retire at age 72 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$77,789$77,097$76,421$75,761$75,116$74,737
2 years$38,510$37,792$37,097$36,423$35,770$35,387
3 years$25,418$24,698$24,004$23,337$22,694$22,319
4 years$18,874$18,155$17,469$16,813$16,185$15,822
5 years$14,948$14,234$13,557$12,914$12,304$11,953
6 years$12,332$11,623$10,956$10,327$9,736$9,397
7 years$10,464$9,761$9,104$8,491$7,918$7,592
8 years$9,063$8,367$7,721$7,123$6,568$6,256
9 years$7,975$7,285$6,650$6,067$5,532$5,232
10 years$7,104$6,421$5,798$5,230$4,713$4,427
11 years$6,393$5,717$5,104$4,551$4,054$3,779
12 years$5,800$5,131$4,530$3,992$3,513$3,251
13 years$5,299$4,637$4,047$3,525$3,063$2,813
14 years$4,870$4,215$3,636$3,129$2,685$2,447
15 years$4,498$3,850$3,283$2,790$2,364$2,138
16 years$4,173$3,533$2,977$2,498$2,089$1,874
17 years$3,887$3,253$2,709$2,245$1,853$1,648
18 years$3,633$3,006$2,473$2,023$1,647$1,453
19 years$3,406$2,786$2,264$1,828$1,468$1,285
20 years$3,202$2,589$2,077$1,656$1,312$1,138
21 years$3,017$2,412$1,911$1,503$1,174$1,009
22 years$2,850$2,251$1,761$1,366$1,052$897
23 years$2,697$2,105$1,626$1,244$944$798
24 years$2,557$1,973$1,504$1,135$849$711
25 years$2,429$1,851$1,393$1,036$764$634
26 years$2,310$1,740$1,292$948$688$565
27 years$2,201$1,637$1,200$867$620$505
28 years$2,100$1,543$1,115$795$560$451
29 years$2,005$1,456$1,038$729$505$404
30 years$1,918$1,375$967$669$457$361
31 years$1,836$1,299$901$614$413$324
32 years$1,759$1,230$841$564$373$290
33 years$1,687$1,164$785$519$338$260
34 years$1,619$1,104$734$478$306$233
35 years$1,556$1,047$686$440$277$209
36 years$1,496$994$642$405$251$187
37 years$1,440$944$600$373$228$168
38 years$1,386$897$562$344$206$151
39 years$1,336$853$527$317$187$135
40 years$1,288$811$494$292$170$122
41 years$1,242$772$463$270$154$109
42 years$1,199$736$434$249$140$98
43 years$1,158$701$408$230$127$88
44 years$1,119$668$383$212$115$79
45 years$1,082$637$359$196$104$71
46 years$1,047$608$337$181$95$64
47 years$1,013$580$317$167$86$57
48 years$980$554$298$155$78$52
49 years$949$529$280$143$71$46
50 years$920$505$263$132$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $942,000, adding $5,978 every year, while hoping to spend $37,517 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: 89/6/5 Blend
71$942,000$942,000$942,000$942,000
72$1,044,250$994,324$979,723$1,136,802
73$1,110,846$1,003,128$972,626$1,206,701
74$1,182,977$1,011,106$964,034$1,277,624
75$1,261,169$1,018,178$953,857$1,354,355
76$1,345,998$1,024,259$942,001$1,437,452
77$1,438,099$1,029,258$928,368$1,527,525
78$1,538,172$1,033,078$912,855$1,625,249
79$1,646,983$1,035,617$895,353$1,731,364
80$1,765,379$1,036,765$875,751$1,846,688
81$1,894,289$1,036,408$853,930$1,972,119
82$2,034,736$1,034,422$829,766$2,108,647
83$2,187,847$1,030,676$803,131$2,257,361
84$2,354,860$1,025,032$773,889$2,419,462
85$2,537,140$1,017,342$741,898$2,596,270
86$2,736,188$1,007,452$707,011$2,789,241
87$2,953,657$995,195$669,074$2,999,978
88$3,191,367$980,397$627,925$3,230,247
89$3,451,321$962,871$583,395$3,481,991
90$3,735,725$942,421$535,309$3,757,354
91$4,047,008$918,838$483,480$4,058,695
92$4,387,844$891,903$427,718$4,388,613
93$4,761,179$861,381$367,822$4,749,973
94$5,170,256$827,025$303,581$5,145,928
95$5,618,648$788,575$234,776$5,579,956
96$6,110,287$745,752$161,178$6,055,885
97$6,649,507$698,265$82,548$6,577,934
98$7,241,081$645,804$0$7,150,753
99$7,890,266$588,043$0$7,779,535
100$8,602,851$524,635$0$8,474,556