Can I retire at age 72 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$79,028$78,324$77,637$76,967$76,313$75,017
2 years$39,123$38,394$37,688$37,003$36,339$35,038
3 years$25,823$25,091$24,387$23,708$23,055$21,789
4 years$19,174$18,445$17,747$17,081$16,443$15,222
5 years$15,186$14,461$13,773$13,120$12,500$11,326
6 years$12,528$11,808$11,130$10,492$9,891$8,767
7 years$10,630$9,917$9,249$8,626$8,044$6,970
8 years$9,208$8,500$7,844$7,236$6,673$5,648
9 years$8,102$7,401$6,756$6,164$5,620$4,644
10 years$7,217$6,524$5,890$5,313$4,788$3,861
11 years$6,494$5,808$5,186$4,624$4,118$3,237
12 years$5,892$5,213$4,602$4,056$3,569$2,734
13 years$5,383$4,711$4,112$3,581$3,112$2,322
14 years$4,947$4,282$3,694$3,178$2,728$1,981
15 years$4,570$3,912$3,336$2,835$2,402$1,697
16 years$4,240$3,589$3,024$2,538$2,123$1,459
17 years$3,949$3,305$2,752$2,280$1,882$1,257
18 years$3,691$3,054$2,512$2,055$1,674$1,086
19 years$3,460$2,831$2,300$1,857$1,492$940
20 years$3,253$2,630$2,111$1,682$1,332$814
21 years$3,065$2,450$1,941$1,526$1,192$707
22 years$2,895$2,287$1,789$1,388$1,069$615
23 years$2,740$2,139$1,652$1,264$959$535
24 years$2,598$2,004$1,528$1,153$862$466
25 years$2,467$1,881$1,415$1,053$776$406
26 years$2,347$1,768$1,312$963$699$354
27 years$2,236$1,663$1,219$881$630$309
28 years$2,133$1,568$1,133$807$569$270
29 years$2,037$1,479$1,054$740$513$236
30 years$1,948$1,397$982$679$464$206
31 years$1,865$1,320$916$624$419$180
32 years$1,787$1,249$854$573$379$158
33 years$1,714$1,183$798$527$343$138
34 years$1,645$1,121$745$485$311$121
35 years$1,581$1,063$697$447$282$106
36 years$1,520$1,009$652$411$255$92
37 years$1,463$959$610$379$231$81
38 years$1,408$911$571$349$210$71
39 years$1,357$866$535$322$190$62
40 years$1,308$824$502$297$172$54
41 years$1,262$785$470$274$156$48
42 years$1,218$747$441$253$142$42
43 years$1,177$712$414$234$129$37
44 years$1,137$679$389$216$117$32
45 years$1,099$647$365$199$106$28
46 years$1,063$617$343$184$96$25
47 years$1,029$589$322$170$88$22
48 years$996$562$303$157$79$19
49 years$964$537$284$145$72$17
50 years$934$513$267$134$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $957,000, adding $2,708 every year, while hoping to spend $49,536 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: 64/26/10 Blend
71$957,000$957,000$957,000$957,000
72$1,057,407$1,006,686$991,853$1,122,613
73$1,112,557$1,003,308$972,374$1,163,090
74$1,171,672$998,104$950,582$1,201,246
75$1,235,103$990,932$926,348$1,241,662
76$1,303,239$981,643$899,536$1,284,555
77$1,376,502$970,076$870,003$1,330,168
78$1,455,358$956,063$837,601$1,378,766
79$1,540,319$939,425$802,175$1,430,646
80$1,631,946$919,971$763,563$1,486,135
81$1,730,857$897,501$721,594$1,545,596
82$1,837,728$871,803$676,091$1,609,432
83$1,953,306$842,651$626,870$1,678,087
84$2,078,409$809,806$573,735$1,752,054
85$2,213,936$773,017$516,486$1,831,879
86$2,360,879$732,016$454,909$1,918,164
87$2,520,326$686,521$388,785$2,011,579
88$2,693,473$636,235$317,883$2,112,861
89$2,881,637$580,840$241,963$2,222,830
90$3,086,267$520,005$160,772$2,342,390
91$3,308,956$453,375$74,048$2,472,542
92$3,551,459$380,579$0$2,614,393
93$3,815,704$301,224$0$2,771,141
94$4,103,814$214,892$0$2,950,726
95$4,418,128$121,146$0$3,146,767
96$4,761,216$19,522$0$3,360,951
97$5,135,912$0$0$3,595,143
98$5,545,332$0$0$3,877,283
99$5,992,907$0$0$4,191,887
100$6,482,417$0$0$4,536,032