Can I retire at age 72 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$78,202$77,506$76,826$76,163$75,515$74,726
2 years$38,714$37,993$37,294$36,617$35,960$35,165
3 years$25,553$24,829$24,132$23,461$22,814$22,039
4 years$18,974$18,252$17,562$16,902$16,271$15,521
5 years$15,027$14,310$13,629$12,982$12,369$11,646
6 years$12,397$11,685$11,014$10,382$9,787$9,093
7 years$10,519$9,813$9,153$8,536$7,960$7,294
8 years$9,111$8,412$7,762$7,160$6,603$5,966
9 years$8,017$7,324$6,686$6,099$5,561$4,951
10 years$7,142$6,456$5,829$5,257$4,738$4,156
11 years$6,427$5,747$5,131$4,576$4,075$3,521
12 years$5,831$5,158$4,554$4,013$3,531$3,004
13 years$5,327$4,661$4,069$3,543$3,079$2,578
14 years$4,896$4,237$3,656$3,145$2,699$2,223
15 years$4,522$3,871$3,301$2,805$2,377$1,925
16 years$4,196$3,551$2,993$2,512$2,101$1,673
17 years$3,908$3,271$2,723$2,257$1,863$1,458
18 years$3,652$3,022$2,486$2,034$1,656$1,274
19 years$3,424$2,801$2,276$1,838$1,476$1,116
20 years$3,219$2,603$2,088$1,664$1,318$979
21 years$3,033$2,424$1,921$1,510$1,180$860
22 years$2,865$2,263$1,771$1,373$1,058$757
23 years$2,711$2,117$1,635$1,251$949$667
24 years$2,571$1,983$1,512$1,141$853$588
25 years$2,442$1,861$1,400$1,042$768$519
26 years$2,323$1,749$1,299$953$692$458
27 years$2,213$1,646$1,206$872$624$405
28 years$2,111$1,551$1,121$799$563$358
29 years$2,016$1,463$1,043$733$508$317
30 years$1,928$1,382$972$672$459$281
31 years$1,845$1,306$906$617$415$249
32 years$1,768$1,236$845$567$375$221
33 years$1,696$1,171$789$522$340$196
34 years$1,628$1,109$737$480$308$173
35 years$1,564$1,052$689$442$279$154
36 years$1,504$999$645$407$252$137
37 years$1,447$949$604$375$229$121
38 years$1,394$902$565$346$207$108
39 years$1,343$857$530$319$188$95
40 years$1,295$816$496$294$171$85
41 years$1,249$776$465$271$155$75
42 years$1,206$739$437$250$140$67
43 years$1,164$705$410$231$127$59
44 years$1,125$672$385$213$116$53
45 years$1,088$640$361$197$105$47
46 years$1,052$611$339$182$95$42
47 years$1,018$583$319$168$87$37
48 years$985$557$299$155$79$33
49 years$954$531$281$144$71$29
50 years$925$508$265$133$65$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $947,000, adding $6,358 every year, while hoping to spend $53,205 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: 60/12/28 Blend
71$947,000$947,000$947,000$947,000
72$1,050,152$999,961$985,283$1,104,855
73$1,100,658$992,350$961,680$1,135,291
74$1,154,532$982,582$935,503$1,162,245
75$1,212,062$970,496$906,610$1,190,542
76$1,273,563$955,921$874,852$1,220,326
77$1,339,380$938,674$840,073$1,251,759
78$1,409,891$918,564$802,110$1,285,018
79$1,485,512$895,386$760,793$1,320,304
80$1,566,699$868,924$715,944$1,357,839
81$1,653,951$838,950$667,377$1,397,872
82$1,747,817$805,222$614,898$1,440,679
83$1,848,901$767,484$558,303$1,486,568
84$1,957,863$725,465$497,380$1,535,881
85$2,075,431$678,879$431,909$1,588,998
86$2,202,404$627,423$361,657$1,646,344
87$2,339,660$570,777$286,382$1,708,388
88$2,488,163$508,603$205,834$1,775,653
89$2,648,973$440,543$119,747$1,848,719
90$2,823,258$366,218$27,848$1,928,230
91$3,012,298$285,231$0$2,014,900
92$3,217,504$197,159$0$2,130,504
93$3,440,427$101,557$0$2,265,181
94$3,682,771$0$0$2,411,672
95$3,946,415$0$0$2,571,424
96$4,233,422$0$0$2,759,998
97$4,546,066$0$0$2,965,485
98$4,886,844$0$0$3,189,536
99$5,258,511$0$0$3,433,970
100$5,664,093$0$0$3,700,788