Can I retire at age 72 with 958,000?

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 $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%13.7%
1 years$79,111$78,406$77,719$77,048$76,392$75,220
2 years$39,164$38,434$37,727$37,042$36,377$35,199
3 years$25,850$25,117$24,412$23,733$23,079$21,931
4 years$19,194$18,464$17,766$17,098$16,460$15,352
5 years$15,202$14,476$13,787$13,133$12,513$11,447
6 years$12,541$11,821$11,142$10,503$9,901$8,880
7 years$10,641$9,927$9,259$8,635$8,052$7,075
8 years$9,217$8,509$7,852$7,244$6,680$5,747
9 years$8,110$7,409$6,763$6,170$5,626$4,736
10 years$7,225$6,531$5,896$5,319$4,793$3,947
11 years$6,501$5,814$5,191$4,629$4,122$3,318
12 years$5,898$5,218$4,607$4,060$3,572$2,810
13 years$5,389$4,716$4,116$3,584$3,115$2,392
14 years$4,952$4,286$3,698$3,182$2,731$2,047
15 years$4,575$3,916$3,339$2,838$2,404$1,758
16 years$4,244$3,593$3,027$2,541$2,125$1,515
17 years$3,953$3,309$2,755$2,283$1,884$1,309
18 years$3,695$3,057$2,515$2,057$1,675$1,134
19 years$3,464$2,833$2,302$1,859$1,493$985
20 years$3,256$2,633$2,113$1,684$1,334$856
21 years$3,068$2,453$1,943$1,528$1,194$745
22 years$2,898$2,289$1,791$1,389$1,070$650
23 years$2,743$2,141$1,654$1,265$960$567
24 years$2,600$2,006$1,529$1,154$863$496
25 years$2,470$1,883$1,417$1,054$777$433
26 years$2,350$1,769$1,314$964$700$379
27 years$2,238$1,665$1,220$882$631$332
28 years$2,135$1,569$1,134$808$569$291
29 years$2,039$1,480$1,055$741$514$255
30 years$1,950$1,398$983$680$464$224
31 years$1,867$1,322$916$625$420$196
32 years$1,789$1,250$855$574$380$172
33 years$1,716$1,184$798$528$344$151
34 years$1,647$1,122$746$486$311$133
35 years$1,582$1,065$697$447$282$116
36 years$1,522$1,010$652$412$255$102
37 years$1,464$960$611$379$231$90
38 years$1,410$912$572$350$210$79
39 years$1,358$867$536$322$190$69
40 years$1,310$825$502$297$173$61
41 years$1,264$785$471$274$157$54
42 years$1,220$748$442$253$142$47
43 years$1,178$713$414$234$129$41
44 years$1,138$679$389$216$117$36
45 years$1,100$648$365$199$106$32
46 years$1,064$618$343$184$96$28
47 years$1,030$590$322$170$88$25
48 years$997$563$303$157$80$22
49 years$965$538$285$145$72$19
50 years$935$514$268$134$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $958,000, adding $4,058 every year, while hoping to spend $27,338 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: 39/46/15 Blend
71$958,000$958,000$958,000$958,000
72$1,059,902$1,009,128$994,279$1,096,325
73$1,138,924$1,029,488$998,500$1,143,007
74$1,225,091$1,049,929$1,001,946$1,190,500
75$1,319,102$1,070,427$1,004,562$1,241,264
76$1,421,726$1,090,954$1,006,291$1,295,609
77$1,533,813$1,111,481$1,007,073$1,353,875
78$1,656,295$1,131,977$1,006,843$1,416,440
79$1,790,201$1,152,408$1,005,536$1,483,718
80$1,936,661$1,172,736$1,003,081$1,556,167
81$2,096,922$1,192,921$999,406$1,634,291
82$2,272,355$1,212,921$994,433$1,718,648
83$2,464,472$1,232,690$988,083$1,809,852
84$2,674,934$1,252,179$980,270$1,908,581
85$2,905,575$1,271,333$970,907$2,015,584
86$3,158,412$1,290,097$959,900$2,131,686
87$3,435,667$1,308,409$947,154$2,257,797
88$3,739,788$1,326,203$932,566$2,394,923
89$4,073,470$1,343,411$916,031$2,544,171
90$4,439,683$1,359,957$897,437$2,706,765
91$4,841,697$1,375,761$876,667$2,884,053
92$5,283,115$1,390,738$853,601$3,077,525
93$5,767,906$1,404,798$828,110$3,288,822
94$6,300,442$1,417,843$800,061$3,519,757
95$6,885,540$1,429,769$769,315$3,772,327
96$7,528,504$1,440,468$735,727$4,048,737
97$8,235,181$1,449,820$699,143$4,351,421
98$9,012,011$1,457,702$659,406$4,683,059
99$9,866,087$1,463,981$616,347$5,046,613
100$10,805,227$1,468,515$569,794$5,445,346