Can I retire at age 72 with 950,000?

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 $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%17.6%
1 years$78,450$77,751$77,070$76,404$75,754$73,418
2 years$38,837$38,113$37,412$36,733$36,073$33,740
3 years$25,634$24,908$24,208$23,535$22,887$20,629
4 years$19,034$18,310$17,617$16,956$16,323$14,159
5 years$15,075$14,355$13,672$13,024$12,408$10,343
6 years$12,436$11,722$11,049$10,415$9,818$7,854
7 years$10,552$9,844$9,182$8,563$7,985$6,122
8 years$9,140$8,438$7,787$7,183$6,624$4,861
9 years$8,042$7,347$6,707$6,118$5,579$3,913
10 years$7,165$6,476$5,847$5,274$4,753$3,183
11 years$6,447$5,765$5,148$4,590$4,088$2,611
12 years$5,849$5,175$4,568$4,026$3,543$2,155
13 years$5,344$4,676$4,082$3,554$3,089$1,788
14 years$4,911$4,251$3,667$3,155$2,708$1,489
15 years$4,536$3,883$3,311$2,814$2,384$1,245
16 years$4,209$3,563$3,002$2,520$2,107$1,044
17 years$3,920$3,281$2,732$2,264$1,868$877
18 years$3,664$3,032$2,494$2,040$1,661$738
19 years$3,435$2,810$2,283$1,843$1,481$622
20 years$3,229$2,611$2,095$1,670$1,323$525
21 years$3,043$2,432$1,927$1,515$1,184$444
22 years$2,874$2,270$1,776$1,378$1,061$376
23 years$2,720$2,123$1,640$1,255$952$318
24 years$2,579$1,989$1,517$1,144$856$269
25 years$2,449$1,867$1,405$1,045$770$228
26 years$2,330$1,755$1,303$956$694$194
27 years$2,220$1,651$1,210$875$626$164
28 years$2,117$1,556$1,125$801$564$139
29 years$2,022$1,468$1,047$735$510$118
30 years$1,934$1,386$975$674$461$101
31 years$1,851$1,311$909$619$416$85
32 years$1,774$1,240$848$569$377$73
33 years$1,701$1,174$792$523$341$62
34 years$1,633$1,113$740$482$309$52
35 years$1,569$1,056$692$443$280$45
36 years$1,509$1,002$647$408$253$38
37 years$1,452$952$606$376$230$32
38 years$1,398$904$567$347$208$27
39 years$1,347$860$531$320$189$23
40 years$1,299$818$498$295$171$20
41 years$1,253$779$467$272$155$17
42 years$1,209$742$438$251$141$14
43 years$1,168$707$411$232$128$12
44 years$1,129$674$386$214$116$10
45 years$1,091$642$362$198$105$9
46 years$1,055$613$340$183$96$7
47 years$1,021$585$320$169$87$6
48 years$989$558$300$156$79$5
49 years$957$533$282$144$72$5
50 years$928$509$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $950,000, adding $6,450 every year, while hoping to spend $51,640 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: 63/27/10 Blend
71$950,000$950,000$950,000$950,000
72$1,053,553$1,003,203$988,478$1,117,198
73$1,106,071$997,416$966,648$1,154,744
74$1,162,215$989,614$942,355$1,189,142
75$1,222,300$979,644$915,463$1,225,398
76$1,286,673$967,345$885,829$1,263,692
77$1,355,712$952,543$853,303$1,304,222
78$1,429,834$935,056$817,728$1,347,211
79$1,509,495$914,692$778,939$1,392,903
80$1,595,196$891,245$736,767$1,441,572
81$1,687,489$864,499$691,032$1,493,519
82$1,786,978$834,224$641,546$1,549,080
83$1,894,326$800,178$588,114$1,608,628
84$2,010,264$762,103$530,533$1,672,574
85$2,135,593$719,729$468,588$1,741,378
86$2,271,194$672,766$402,057$1,815,547
87$2,418,037$620,913$330,706$1,895,643
88$2,577,186$563,847$254,294$1,982,289
89$2,749,812$501,228$172,566$2,076,178
90$2,937,203$432,699$85,257$2,178,073
91$3,140,776$357,879$0$2,288,822
92$3,362,088$276,368$0$2,410,210
93$3,602,855$187,743$0$2,552,193
94$3,864,961$91,558$0$2,706,847
95$4,150,482$0$0$2,875,481
96$4,461,703$0$0$3,063,299
97$4,801,135$0$0$3,297,874
98$5,171,547$0$0$3,553,922
99$5,575,983$0$0$3,833,557
100$6,017,794$0$0$4,139,104