Can I retire at age 72 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$79,524$78,815$78,124$77,450$76,791$74,007
2 years$39,368$38,635$37,924$37,235$36,567$33,793
3 years$25,985$25,248$24,540$23,857$23,200$20,523
4 years$19,294$18,560$17,859$17,188$16,546$13,987
5 years$15,281$14,551$13,859$13,202$12,578$10,143
6 years$12,607$11,882$11,200$10,558$9,953$7,643
7 years$10,697$9,979$9,307$8,680$8,094$5,910
8 years$9,265$8,554$7,893$7,281$6,715$4,654
9 years$8,152$7,447$6,799$6,202$5,655$3,715
10 years$7,263$6,565$5,927$5,346$4,818$2,995
11 years$6,535$5,844$5,218$4,653$4,144$2,434
12 years$5,929$5,245$4,631$4,081$3,591$1,991
13 years$5,417$4,740$4,137$3,603$3,131$1,636
14 years$4,978$4,309$3,718$3,198$2,745$1,349
15 years$4,598$3,936$3,356$2,852$2,417$1,117
16 years$4,266$3,611$3,043$2,554$2,136$927
17 years$3,974$3,326$2,769$2,295$1,894$771
18 years$3,714$3,073$2,528$2,068$1,684$642
19 years$3,482$2,848$2,314$1,869$1,501$536
20 years$3,273$2,647$2,124$1,692$1,341$447
21 years$3,084$2,465$1,953$1,536$1,200$374
22 years$2,913$2,301$1,800$1,397$1,075$313
23 years$2,757$2,152$1,662$1,272$965$262
24 years$2,614$2,017$1,537$1,160$868$220
25 years$2,483$1,893$1,424$1,059$781$184
26 years$2,362$1,779$1,321$969$703$154
27 years$2,250$1,674$1,226$887$634$129
28 years$2,146$1,577$1,140$812$572$109
29 years$2,050$1,488$1,061$745$517$91
30 years$1,960$1,405$988$684$467$77
31 years$1,876$1,328$921$628$422$64
32 years$1,798$1,257$860$577$382$54
33 years$1,725$1,190$803$531$346$45
34 years$1,656$1,128$750$488$313$38
35 years$1,591$1,070$701$449$283$32
36 years$1,529$1,016$656$414$257$27
37 years$1,472$965$614$381$233$23
38 years$1,417$917$575$352$211$19
39 years$1,366$872$539$324$191$16
40 years$1,317$829$505$299$174$13
41 years$1,270$790$473$276$157$11
42 years$1,226$752$444$255$143$9
43 years$1,184$716$417$235$130$8
44 years$1,144$683$391$217$118$7
45 years$1,106$651$367$200$107$6
46 years$1,070$621$345$185$97$5
47 years$1,035$593$324$171$88$4
48 years$1,002$566$305$158$80$3
49 years$971$540$286$146$73$3
50 years$940$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $963,000, adding $3,635 every year, while hoping to spend $32,574 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: 51/26/23 Blend
71$963,000$963,000$963,000$963,000
72$1,064,976$1,013,937$999,010$1,112,277
73$1,138,945$1,028,961$997,818$1,160,446
74$1,219,367$1,043,630$995,495$1,209,173
75$1,306,866$1,057,891$991,968$1,261,482
76$1,402,128$1,071,690$987,161$1,317,726
77$1,505,909$1,084,967$980,994$1,378,295
78$1,619,040$1,097,658$973,386$1,443,619
79$1,742,435$1,109,696$964,247$1,514,173
80$1,877,101$1,121,009$953,487$1,590,482
81$2,024,147$1,131,520$941,011$1,673,124
82$2,184,792$1,141,147$926,717$1,762,739
83$2,360,380$1,149,802$910,501$1,860,033
84$2,552,389$1,157,393$892,253$1,965,787
85$2,762,448$1,163,820$871,859$2,080,860
86$2,992,348$1,168,978$849,197$2,206,204
87$3,244,064$1,172,755$824,142$2,342,866
88$3,519,771$1,175,032$796,562$2,492,006
89$3,821,860$1,175,681$766,320$2,654,901
90$4,152,970$1,174,570$733,272$2,832,962
91$4,516,003$1,171,554$697,266$3,027,747
92$4,914,158$1,166,482$658,147$3,240,974
93$5,350,956$1,159,194$615,749$3,474,540
94$5,830,278$1,149,519$569,901$3,730,538
95$6,356,397$1,137,276$520,423$4,011,279
96$6,934,019$1,122,272$467,128$4,319,310
97$7,568,332$1,104,306$409,819$4,657,445
98$8,265,046$1,083,161$348,292$5,028,786
99$9,030,454$1,058,610$282,333$5,436,758
100$9,871,488$1,030,410$211,720$5,885,137