Can I retire at age 72 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$78,368$77,669$76,988$76,324$75,675$74,915
2 years$38,796$38,073$37,373$36,694$36,036$35,271
3 years$25,607$24,881$24,183$23,510$22,862$22,116
4 years$19,014$18,290$17,599$16,938$16,306$15,583
5 years$15,059$14,340$13,657$13,010$12,395$11,699
6 years$12,423$11,710$11,037$10,404$9,808$9,139
7 years$10,541$9,834$9,172$8,554$7,977$7,335
8 years$9,131$8,429$7,779$7,176$6,617$6,003
9 years$8,034$7,339$6,700$6,112$5,573$4,985
10 years$7,157$6,469$5,841$5,269$4,748$4,187
11 years$6,440$5,759$5,142$4,585$4,084$3,549
12 years$5,843$5,169$4,564$4,022$3,539$3,030
13 years$5,338$4,671$4,077$3,551$3,086$2,602
14 years$4,906$4,246$3,663$3,152$2,705$2,245
15 years$4,532$3,879$3,308$2,811$2,382$1,946
16 years$4,204$3,559$2,999$2,517$2,105$1,692
17 years$3,916$3,278$2,729$2,261$1,866$1,476
18 years$3,660$3,029$2,491$2,038$1,660$1,290
19 years$3,431$2,807$2,280$1,842$1,479$1,131
20 years$3,225$2,608$2,093$1,668$1,321$993
21 years$3,039$2,430$1,925$1,514$1,182$873
22 years$2,871$2,268$1,774$1,376$1,060$769
23 years$2,717$2,121$1,638$1,253$951$678
24 years$2,576$1,987$1,515$1,143$855$598
25 years$2,447$1,865$1,403$1,044$769$528
26 years$2,327$1,753$1,301$955$693$467
27 years$2,217$1,650$1,209$874$625$413
28 years$2,115$1,554$1,123$801$564$366
29 years$2,020$1,466$1,045$734$509$324
30 years$1,932$1,385$974$674$460$287
31 years$1,849$1,309$908$619$416$255
32 years$1,772$1,239$847$569$376$226
33 years$1,700$1,173$791$523$340$200
34 years$1,632$1,112$739$481$308$178
35 years$1,568$1,055$691$443$279$158
36 years$1,507$1,001$646$408$253$140
37 years$1,450$951$605$376$229$125
38 years$1,397$903$566$346$208$111
39 years$1,346$859$531$319$189$98
40 years$1,297$817$497$295$171$87
41 years$1,252$778$466$272$155$78
42 years$1,208$741$438$251$141$69
43 years$1,167$706$411$232$128$61
44 years$1,128$673$385$214$116$55
45 years$1,090$642$362$197$105$49
46 years$1,054$612$340$182$96$43
47 years$1,020$584$319$169$87$38
48 years$988$558$300$156$79$34
49 years$956$533$282$144$72$30
50 years$927$509$265$133$65$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $949,000, adding $5,436 every year, while hoping to spend $35,562 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: 43/43/14 Blend
71$949,000$949,000$949,000$949,000
72$1,051,405$1,001,108$986,399$1,092,120
73$1,120,811$1,012,325$981,605$1,132,400
74$1,196,104$1,022,899$975,460$1,172,041
75$1,277,848$1,032,762$967,878$1,214,214
76$1,366,661$1,041,840$958,775$1,259,165
77$1,463,225$1,050,055$948,059$1,307,169
78$1,568,289$1,057,323$935,634$1,358,530
79$1,682,679$1,063,556$921,402$1,413,583
80$1,807,300$1,068,658$905,257$1,472,701
81$1,943,151$1,072,529$887,090$1,536,297
82$2,091,332$1,075,063$866,787$1,604,825
83$2,253,052$1,076,145$844,228$1,678,791
84$2,429,642$1,075,655$819,288$1,758,754
85$2,622,568$1,073,464$791,837$1,845,330
86$2,833,442$1,069,436$761,736$1,939,204
87$3,064,043$1,063,428$728,843$2,041,130
88$3,316,324$1,055,285$693,009$2,151,947
89$3,592,440$1,044,845$654,076$2,272,577
90$3,894,763$1,031,936$611,881$2,404,044
91$4,225,903$1,016,375$566,253$2,547,477
92$4,588,736$997,969$517,014$2,704,128
93$4,986,430$976,512$463,976$2,875,376
94$5,422,472$951,787$406,946$3,062,749
95$5,900,705$923,565$345,719$3,267,934
96$6,425,359$891,602$280,083$3,492,797
97$7,001,095$855,641$209,816$3,739,396
98$7,633,048$815,408$134,685$4,010,010
99$8,326,872$770,616$54,450$4,307,152
100$9,088,796$720,960$0$4,633,600