Can I retire at age 72 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$79,111$78,406$77,719$77,048$76,392$74,606
2 years$39,164$38,434$37,727$37,042$36,377$34,588
3 years$25,850$25,117$24,412$23,733$23,079$21,343
4 years$19,194$18,464$17,766$17,098$16,460$14,790
5 years$15,202$14,476$13,787$13,133$12,513$10,913
6 years$12,541$11,821$11,142$10,503$9,901$8,374
7 years$10,641$9,927$9,259$8,635$8,052$6,597
8 years$9,217$8,509$7,852$7,244$6,680$5,297
9 years$8,110$7,409$6,763$6,170$5,626$4,314
10 years$7,225$6,531$5,896$5,319$4,793$3,551
11 years$6,501$5,814$5,191$4,629$4,122$2,948
12 years$5,898$5,218$4,607$4,060$3,572$2,464
13 years$5,389$4,716$4,116$3,584$3,115$2,070
14 years$4,952$4,286$3,698$3,182$2,731$1,747
15 years$4,575$3,916$3,339$2,838$2,404$1,480
16 years$4,244$3,593$3,027$2,541$2,125$1,258
17 years$3,953$3,309$2,755$2,283$1,884$1,072
18 years$3,695$3,057$2,515$2,057$1,675$915
19 years$3,464$2,833$2,302$1,859$1,493$782
20 years$3,256$2,633$2,113$1,684$1,334$670
21 years$3,068$2,453$1,943$1,528$1,194$575
22 years$2,898$2,289$1,791$1,389$1,070$493
23 years$2,743$2,141$1,654$1,265$960$424
24 years$2,600$2,006$1,529$1,154$863$365
25 years$2,470$1,883$1,417$1,054$777$314
26 years$2,350$1,769$1,314$964$700$270
27 years$2,238$1,665$1,220$882$631$233
28 years$2,135$1,569$1,134$808$569$201
29 years$2,039$1,480$1,055$741$514$173
30 years$1,950$1,398$983$680$464$149
31 years$1,867$1,322$916$625$420$129
32 years$1,789$1,250$855$574$380$111
33 years$1,716$1,184$798$528$344$96
34 years$1,647$1,122$746$486$311$83
35 years$1,582$1,065$697$447$282$72
36 years$1,522$1,010$652$412$255$62
37 years$1,464$960$611$379$231$53
38 years$1,410$912$572$350$210$46
39 years$1,358$867$536$322$190$40
40 years$1,310$825$502$297$173$34
41 years$1,264$785$471$274$157$30
42 years$1,220$748$442$253$142$26
43 years$1,178$713$414$234$129$22
44 years$1,138$679$389$216$117$19
45 years$1,100$648$365$199$106$17
46 years$1,064$618$343$184$96$14
47 years$1,030$590$322$170$88$12
48 years$997$563$303$157$80$11
49 years$965$538$285$145$72$9
50 years$935$514$268$134$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $958,000, adding $3,000 every year, while hoping to spend $37,515 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: 62/8/30 Blend
71$958,000$958,000$958,000$958,000
72$1,058,811$1,008,037$993,188$1,115,715
73$1,126,894$1,017,515$986,544$1,164,288
74$1,200,664$1,026,200$978,420$1,212,998
75$1,280,661$1,034,014$968,727$1,265,406
76$1,367,481$1,040,873$957,371$1,321,883
77$1,461,776$1,046,688$944,256$1,382,838
78$1,564,266$1,051,364$929,277$1,448,721
79$1,675,742$1,054,802$912,329$1,520,033
80$1,797,074$1,056,893$893,298$1,597,323
81$1,929,220$1,057,525$872,067$1,681,202
82$2,073,232$1,056,576$848,514$1,772,339
83$2,230,273$1,053,918$822,509$1,871,478
84$2,401,616$1,049,416$793,919$1,979,437
85$2,588,668$1,042,925$762,603$2,097,120
86$2,792,975$1,034,291$728,413$2,225,527
87$3,016,240$1,023,353$691,196$2,365,759
88$3,260,337$1,009,937$650,791$2,519,032
89$3,527,329$993,862$607,031$2,686,690
90$3,819,490$974,935$559,740$2,870,214
91$4,139,321$952,949$508,734$3,071,240
92$4,489,577$927,689$453,822$3,291,573
93$4,873,292$898,925$394,803$3,533,205
94$5,293,809$866,413$331,470$3,798,335
95$5,754,807$829,896$263,604$4,089,387
96$6,260,339$789,103$190,976$4,409,037
97$6,814,869$743,744$113,349$4,760,237
98$7,423,314$693,517$30,475$5,146,246
99$8,091,091$638,098$0$5,570,656
100$8,824,165$577,147$0$6,055,985