Can I retire at age 72 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$78,450$77,751$77,070$76,404$75,754$74,684
2 years$38,837$38,113$37,412$36,733$36,073$34,997
3 years$25,634$24,908$24,208$23,535$22,887$21,838
4 years$19,034$18,310$17,617$16,956$16,323$15,310
5 years$15,075$14,355$13,672$13,024$12,408$11,434
6 years$12,436$11,722$11,049$10,415$9,818$8,883
7 years$10,552$9,844$9,182$8,563$7,985$7,090
8 years$9,140$8,438$7,787$7,183$6,624$5,769
9 years$8,042$7,347$6,707$6,118$5,579$4,763
10 years$7,165$6,476$5,847$5,274$4,753$3,977
11 years$6,447$5,765$5,148$4,590$4,088$3,349
12 years$5,849$5,175$4,568$4,026$3,543$2,841
13 years$5,344$4,676$4,082$3,554$3,089$2,424
14 years$4,911$4,251$3,667$3,155$2,708$2,078
15 years$4,536$3,883$3,311$2,814$2,384$1,789
16 years$4,209$3,563$3,002$2,520$2,107$1,545
17 years$3,920$3,281$2,732$2,264$1,868$1,338
18 years$3,664$3,032$2,494$2,040$1,661$1,161
19 years$3,435$2,810$2,283$1,843$1,481$1,010
20 years$3,229$2,611$2,095$1,670$1,323$880
21 years$3,043$2,432$1,927$1,515$1,184$768
22 years$2,874$2,270$1,776$1,378$1,061$672
23 years$2,720$2,123$1,640$1,255$952$587
24 years$2,579$1,989$1,517$1,144$856$515
25 years$2,449$1,867$1,405$1,045$770$451
26 years$2,330$1,755$1,303$956$694$396
27 years$2,220$1,651$1,210$875$626$347
28 years$2,117$1,556$1,125$801$564$305
29 years$2,022$1,468$1,047$735$510$268
30 years$1,934$1,386$975$674$461$236
31 years$1,851$1,311$909$619$416$207
32 years$1,774$1,240$848$569$377$182
33 years$1,701$1,174$792$523$341$160
34 years$1,633$1,113$740$482$309$141
35 years$1,569$1,056$692$443$280$124
36 years$1,509$1,002$647$408$253$109
37 years$1,452$952$606$376$230$96
38 years$1,398$904$567$347$208$85
39 years$1,347$860$531$320$189$75
40 years$1,299$818$498$295$171$66
41 years$1,253$779$467$272$155$58
42 years$1,209$742$438$251$141$51
43 years$1,168$707$411$232$128$45
44 years$1,129$674$386$214$116$40
45 years$1,091$642$362$198$105$35
46 years$1,055$613$340$183$96$31
47 years$1,021$585$320$169$87$27
48 years$989$558$300$156$79$24
49 years$957$533$282$144$72$21
50 years$928$509$265$133$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $950,000, adding $2,490 every year, while hoping to spend $50,276 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: 38/44/18 Blend
71$950,000$950,000$950,000$950,000
72$1,049,468$999,118$984,393$1,083,585
73$1,103,021$994,582$963,877$1,103,820
74$1,160,351$988,138$940,989$1,120,707
75$1,221,790$979,641$915,596$1,137,904
76$1,287,703$968,934$887,559$1,155,468
77$1,358,491$955,853$856,733$1,173,461
78$1,434,590$940,223$822,968$1,191,960
79$1,516,485$921,860$786,103$1,211,051
80$1,604,702$900,568$745,974$1,230,835
81$1,699,825$876,138$702,407$1,251,427
82$1,802,490$848,352$655,221$1,272,959
83$1,913,400$816,977$604,226$1,295,584
84$2,033,325$781,767$549,226$1,319,472
85$2,163,112$742,462$490,013$1,344,822
86$2,303,692$698,785$426,371$1,371,855
87$2,456,090$650,447$358,076$1,400,824
88$2,621,431$597,139$284,891$1,432,016
89$2,800,954$538,536$206,572$1,465,752
90$2,996,020$474,293$122,861$1,502,397
91$3,208,129$404,048$33,492$1,542,361
92$3,438,927$327,415$0$1,586,105
93$3,690,230$243,991$0$1,646,032
94$3,964,032$153,345$0$1,718,476
95$4,262,530$55,025$0$1,797,708
96$4,588,141$0$0$1,884,519
97$4,943,525$0$0$2,004,700
98$5,331,612$0$0$2,165,153
99$5,755,624$0$0$2,340,586
100$6,219,112$0$0$2,532,482