Can I retire at age 72 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$78,780$78,079$77,394$76,726$76,073$74,476
2 years$39,000$38,274$37,570$36,887$36,225$34,624
3 years$25,742$25,012$24,310$23,634$22,983$21,427
4 years$19,114$18,387$17,692$17,027$16,392$14,893
5 years$15,138$14,415$13,729$13,078$12,461$11,024
6 years$12,489$11,771$11,095$10,459$9,860$8,487
7 years$10,597$9,886$9,220$8,599$8,019$6,709
8 years$9,179$8,474$7,820$7,213$6,652$5,406
9 years$8,076$7,378$6,735$6,144$5,602$4,418
10 years$7,195$6,503$5,872$5,296$4,773$3,650
11 years$6,474$5,789$5,169$4,609$4,105$3,042
12 years$5,874$5,196$4,588$4,043$3,557$2,552
13 years$5,366$4,696$4,099$3,569$3,102$2,153
14 years$4,932$4,268$3,683$3,169$2,719$1,825
15 years$4,556$3,899$3,325$2,826$2,394$1,552
16 years$4,227$3,578$3,015$2,530$2,116$1,325
17 years$3,937$3,295$2,743$2,273$1,876$1,133
18 years$3,679$3,045$2,504$2,049$1,668$972
19 years$3,449$2,822$2,292$1,851$1,487$835
20 years$3,242$2,622$2,104$1,677$1,328$718
21 years$3,055$2,442$1,935$1,522$1,189$619
22 years$2,886$2,280$1,784$1,384$1,065$534
23 years$2,731$2,132$1,647$1,260$956$461
24 years$2,590$1,998$1,523$1,149$860$398
25 years$2,460$1,875$1,411$1,050$774$345
26 years$2,340$1,762$1,308$960$697$298
27 years$2,229$1,658$1,215$878$628$258
28 years$2,126$1,563$1,129$805$567$224
29 years$2,031$1,474$1,051$738$512$194
30 years$1,942$1,392$979$677$462$168
31 years$1,859$1,316$913$622$418$146
32 years$1,781$1,245$852$572$378$126
33 years$1,708$1,179$795$526$342$110
34 years$1,640$1,118$743$484$310$95
35 years$1,576$1,060$695$445$281$83
36 years$1,515$1,006$650$410$254$72
37 years$1,458$956$608$378$230$62
38 years$1,404$908$569$348$209$54
39 years$1,353$864$534$321$189$47
40 years$1,304$822$500$296$172$41
41 years$1,258$782$469$273$156$35
42 years$1,215$745$440$252$141$31
43 years$1,173$710$413$233$128$27
44 years$1,133$677$387$215$117$23
45 years$1,096$645$364$199$106$20
46 years$1,060$615$342$183$96$17
47 years$1,026$587$321$169$87$15
48 years$993$561$302$157$79$13
49 years$961$535$284$145$72$11
50 years$931$511$267$134$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $954,000, adding $5,086 every year, while hoping to spend $57,483 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: 62/10/28 Blend
71$954,000$954,000$954,000$954,000
72$1,056,554$1,005,992$991,205$1,113,837
73$1,103,161$994,124$963,249$1,141,494
74$1,152,596$979,748$932,430$1,164,992
75$1,205,085$962,681$898,591$1,189,426
76$1,260,879$942,727$861,569$1,214,899
77$1,320,249$919,681$821,191$1,241,525
78$1,383,493$893,325$777,281$1,269,434
79$1,450,939$863,427$729,649$1,298,770
80$1,522,944$829,744$678,101$1,329,696
81$1,599,899$792,017$622,433$1,362,394
82$1,682,235$749,971$562,431$1,397,066
83$1,770,422$703,319$497,871$1,433,941
84$1,864,977$651,754$428,522$1,473,271
85$1,966,467$594,952$354,140$1,515,340
86$2,075,514$532,572$274,470$1,560,463
87$2,192,800$464,251$189,249$1,608,993
88$2,319,075$389,609$98,198$1,661,321
89$2,455,163$308,242$1,029$1,717,885
90$2,601,967$219,723$0$1,779,171
91$2,760,480$123,603$0$1,876,391
92$2,931,796$19,405$0$1,981,797
93$3,117,112$0$0$2,095,847
94$3,317,748$0$0$2,229,660
95$3,535,154$0$0$2,377,029
96$3,770,924$0$0$2,536,909
97$4,026,811$0$0$2,710,496
98$4,304,742$0$0$2,899,105
99$4,606,839$0$0$3,104,185
100$4,935,435$0$0$3,327,328