Can I retire at age 72 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$78,946$78,242$77,556$76,887$76,233$75,218
2 years$39,082$38,354$37,649$36,965$36,301$35,280
3 years$25,796$25,065$24,361$23,684$23,031$22,036
4 years$19,154$18,425$17,729$17,063$16,426$15,464
5 years$15,170$14,446$13,758$13,106$12,487$11,561
6 years$12,515$11,796$11,119$10,481$9,880$8,992
7 years$10,619$9,906$9,240$8,617$8,035$7,185
8 years$9,198$8,491$7,836$7,228$6,666$5,853
9 years$8,093$7,393$6,749$6,157$5,614$4,838
10 years$7,210$6,517$5,884$5,307$4,783$4,044
11 years$6,488$5,802$5,180$4,619$4,114$3,411
12 years$5,886$5,207$4,597$4,052$3,565$2,897
13 years$5,378$4,706$4,107$3,577$3,109$2,475
14 years$4,942$4,277$3,691$3,175$2,725$2,124
15 years$4,565$3,908$3,332$2,832$2,399$1,831
16 years$4,235$3,585$3,021$2,535$2,121$1,583
17 years$3,945$3,302$2,749$2,278$1,880$1,373
18 years$3,687$3,051$2,509$2,053$1,672$1,194
19 years$3,456$2,828$2,297$1,855$1,490$1,040
20 years$3,249$2,628$2,108$1,680$1,331$908
21 years$3,062$2,447$1,939$1,525$1,191$793
22 years$2,892$2,285$1,787$1,386$1,068$694
23 years$2,737$2,137$1,650$1,263$958$608
24 years$2,595$2,002$1,526$1,152$861$534
25 years$2,465$1,879$1,414$1,052$775$469
26 years$2,345$1,766$1,311$962$698$412
27 years$2,234$1,662$1,217$880$630$362
28 years$2,131$1,566$1,132$806$568$318
29 years$2,035$1,477$1,053$740$513$280
30 years$1,946$1,395$981$679$463$247
31 years$1,863$1,319$915$623$419$217
32 years$1,785$1,248$853$573$379$191
33 years$1,712$1,182$797$527$343$169
34 years$1,644$1,120$744$485$311$149
35 years$1,579$1,062$696$446$281$131
36 years$1,518$1,008$651$411$255$116
37 years$1,461$958$609$379$231$102
38 years$1,407$910$571$349$209$90
39 years$1,356$865$535$322$190$79
40 years$1,307$823$501$297$172$70
41 years$1,261$784$470$274$156$62
42 years$1,217$746$441$253$142$55
43 years$1,175$711$414$233$129$48
44 years$1,136$678$388$215$117$43
45 years$1,098$646$365$199$106$38
46 years$1,062$617$342$184$96$33
47 years$1,028$589$322$170$87$29
48 years$995$562$302$157$79$26
49 years$963$537$284$145$72$23
50 years$933$513$267$134$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $956,000, adding $2,949 every year, while hoping to spend $33,043 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: 55/34/11 Blend
71$956,000$956,000$956,000$956,000
72$1,056,554$1,005,886$991,068$1,111,574
73$1,129,165$1,020,017$989,111$1,163,321
74$1,208,075$1,033,733$985,981$1,215,769
75$1,293,891$1,046,978$981,605$1,272,096
76$1,387,282$1,059,695$975,903$1,332,678
77$1,488,984$1,071,819$968,794$1,397,928
78$1,599,806$1,083,283$960,194$1,468,304
79$1,720,638$1,094,016$950,013$1,544,310
80$1,852,461$1,103,940$938,156$1,626,501
81$1,996,354$1,112,975$924,526$1,715,493
82$2,153,505$1,121,034$909,021$1,811,962
83$2,325,221$1,128,023$891,531$1,916,656
84$2,512,942$1,133,845$871,946$2,030,399
85$2,718,253$1,138,394$850,147$2,154,101
86$2,942,898$1,141,559$826,011$2,288,767
87$3,188,800$1,143,222$799,409$2,435,503
88$3,458,075$1,143,257$770,206$2,595,534
89$3,753,052$1,141,530$738,262$2,770,207
90$4,076,298$1,137,900$703,428$2,961,010
91$4,430,639$1,132,215$665,551$3,169,586
92$4,819,187$1,124,316$624,470$3,397,745
93$5,245,370$1,114,034$580,016$3,647,487
94$5,712,965$1,101,189$532,013$3,921,015
95$6,226,130$1,085,590$480,279$4,220,762
96$6,789,447$1,067,036$424,620$4,549,411
97$7,407,963$1,045,313$364,837$4,909,922
98$8,087,236$1,020,194$300,719$5,305,559
99$8,833,390$991,439$232,049$5,739,924
100$9,653,171$958,795$158,598$6,216,990