Can I retire at age 72 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$78,120$77,424$76,745$76,082$75,435$74,462
2 years$38,673$37,953$37,255$36,578$35,922$34,942
3 years$25,526$24,803$24,106$23,436$22,790$21,835
4 years$18,954$18,233$17,543$16,884$16,254$15,331
5 years$15,011$14,295$13,614$12,969$12,356$11,468
6 years$12,384$11,673$11,002$10,371$9,777$8,924
7 years$10,508$9,803$9,143$8,527$7,951$7,135
8 years$9,102$8,403$7,754$7,153$6,596$5,816
9 years$8,008$7,316$6,679$6,093$5,555$4,810
10 years$7,134$6,449$5,822$5,252$4,733$4,023
11 years$6,420$5,741$5,126$4,571$4,071$3,395
12 years$5,825$5,153$4,549$4,009$3,528$2,885
13 years$5,321$4,657$4,064$3,539$3,076$2,467
14 years$4,890$4,233$3,652$3,142$2,697$2,119
15 years$4,517$3,867$3,297$2,802$2,374$1,827
16 years$4,191$3,548$2,989$2,509$2,098$1,581
17 years$3,904$3,267$2,720$2,254$1,861$1,373
18 years$3,648$3,019$2,483$2,032$1,654$1,194
19 years$3,420$2,798$2,273$1,836$1,475$1,041
20 years$3,215$2,600$2,086$1,663$1,317$909
21 years$3,030$2,422$1,919$1,509$1,179$795
22 years$2,862$2,261$1,769$1,372$1,056$697
23 years$2,708$2,114$1,633$1,249$948$611
24 years$2,568$1,981$1,510$1,140$852$536
25 years$2,439$1,859$1,399$1,041$767$471
26 years$2,320$1,747$1,297$952$691$414
27 years$2,210$1,644$1,205$871$623$364
28 years$2,108$1,549$1,120$798$562$321
29 years$2,014$1,462$1,042$732$508$283
30 years$1,926$1,380$971$672$459$249
31 years$1,843$1,305$905$617$415$220
32 years$1,766$1,235$844$567$375$194
33 years$1,694$1,169$788$521$339$171
34 years$1,626$1,108$737$480$307$151
35 years$1,563$1,051$689$442$278$133
36 years$1,502$998$644$407$252$117
37 years$1,446$948$603$375$229$104
38 years$1,392$901$565$345$207$92
39 years$1,341$856$529$318$188$81
40 years$1,293$815$496$294$170$71
41 years$1,248$776$465$271$155$63
42 years$1,204$739$436$250$140$56
43 years$1,163$704$409$231$127$49
44 years$1,124$671$384$213$116$44
45 years$1,087$640$361$197$105$38
46 years$1,051$610$339$182$95$34
47 years$1,017$582$318$168$87$30
48 years$984$556$299$155$79$27
49 years$953$531$281$143$71$23
50 years$924$507$264$133$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $946,000, adding $5,909 every year, while hoping to spend $44,208 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: 63/32/5 Blend
71$946,000$946,000$946,000$946,000
72$1,048,587$998,449$983,786$1,113,491
73$1,108,506$1,000,336$969,706$1,159,333
74$1,173,055$1,000,834$953,673$1,203,606
75$1,242,660$999,828$935,574$1,250,781
76$1,317,788$997,196$915,292$1,301,137
77$1,398,952$992,809$892,705$1,354,979
78$1,486,718$986,530$867,683$1,412,648
79$1,581,707$978,213$840,093$1,474,518
80$1,684,599$967,703$809,795$1,541,004
81$1,796,145$954,838$776,640$1,612,564
82$1,917,170$939,443$740,476$1,689,706
83$2,048,581$921,335$701,141$1,772,988
84$2,191,376$900,320$658,469$1,863,030
85$2,346,651$876,191$612,283$1,960,515
86$2,515,615$848,730$562,399$2,066,200
87$2,699,596$817,705$508,628$2,180,918
88$2,900,055$782,874$450,768$2,305,594
89$3,118,602$743,976$388,610$2,441,245
90$3,357,007$700,738$321,936$2,589,000
91$3,617,219$652,872$250,518$2,750,101
92$3,901,384$600,071$174,118$2,925,924
93$4,211,862$542,011$92,488$3,117,987
94$4,551,254$478,352$5,369$3,327,967
95$4,922,422$408,731$0$3,557,716
96$5,328,517$332,768$0$3,813,954
97$5,773,011$250,058$0$4,094,875
98$6,259,724$160,177$0$4,402,702
99$6,792,865$62,675$0$4,740,207
100$7,377,068$0$0$5,110,448