Can I retire at age 72 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$79,854$79,143$78,449$77,771$77,110$76,688
2 years$39,532$38,795$38,082$37,390$36,719$36,294
3 years$26,093$25,353$24,642$23,956$23,296$22,880
4 years$19,374$18,637$17,933$17,259$16,615$16,211
5 years$15,345$14,612$13,917$13,257$12,630$12,241
6 years$12,659$11,932$11,247$10,601$9,994$9,618
7 years$10,741$10,020$9,346$8,716$8,128$7,767
8 years$9,304$8,589$7,926$7,312$6,743$6,396
9 years$8,186$7,478$6,827$6,228$5,678$5,346
10 years$7,293$6,592$5,952$5,369$4,838$4,520
11 years$6,562$5,868$5,240$4,672$4,161$3,857
12 years$5,954$5,267$4,650$4,098$3,606$3,316
13 years$5,440$4,760$4,155$3,618$3,144$2,868
14 years$4,999$4,327$3,733$3,212$2,756$2,493
15 years$4,618$3,952$3,370$2,864$2,427$2,176
16 years$4,284$3,626$3,056$2,565$2,145$1,907
17 years$3,990$3,340$2,781$2,304$1,902$1,676
18 years$3,729$3,086$2,538$2,077$1,691$1,476
19 years$3,496$2,860$2,324$1,876$1,507$1,304
20 years$3,287$2,658$2,133$1,699$1,346$1,154
21 years$3,097$2,476$1,962$1,542$1,205$1,023
22 years$2,925$2,311$1,808$1,402$1,080$908
23 years$2,768$2,161$1,669$1,277$969$807
24 years$2,625$2,025$1,544$1,165$871$719
25 years$2,493$1,900$1,430$1,064$784$640
26 years$2,372$1,786$1,326$973$706$571
27 years$2,259$1,681$1,231$890$637$510
28 years$2,155$1,584$1,145$816$575$455
29 years$2,059$1,494$1,065$748$519$407
30 years$1,968$1,411$992$687$469$364
31 years$1,884$1,334$925$631$424$325
32 years$1,806$1,262$863$579$383$291
33 years$1,732$1,195$806$533$347$261
34 years$1,662$1,133$753$490$314$234
35 years$1,597$1,075$704$451$285$209
36 years$1,536$1,020$659$416$258$188
37 years$1,478$969$616$383$234$168
38 years$1,423$921$577$353$212$151
39 years$1,371$875$541$325$192$135
40 years$1,322$833$507$300$174$121
41 years$1,275$793$475$277$158$109
42 years$1,231$755$446$256$143$98
43 years$1,189$719$418$236$130$88
44 years$1,149$686$393$218$118$79
45 years$1,111$654$369$201$107$71
46 years$1,074$624$346$186$97$63
47 years$1,040$595$325$172$88$57
48 years$1,006$568$306$159$80$51
49 years$975$543$287$147$73$46
50 years$944$518$270$136$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $967,000, adding $5,783 every year, while hoping to spend $59,382 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: 51/32/17 Blend
71$967,000$967,000$967,000$967,000
72$1,071,599$1,020,348$1,005,360$1,120,969
73$1,117,720$1,007,163$975,857$1,142,356
74$1,166,556$991,342$943,376$1,158,931
75$1,218,319$972,693$907,754$1,175,655
76$1,273,245$951,012$868,821$1,192,562
77$1,331,589$926,084$826,400$1,209,692
78$1,393,631$897,682$780,304$1,227,093
79$1,459,677$865,565$730,340$1,244,823
80$1,530,062$829,476$676,305$1,262,949
81$1,605,154$789,146$617,987$1,281,550
82$1,685,355$744,289$555,164$1,300,716
83$1,771,105$694,603$487,606$1,320,554
84$1,862,888$639,769$415,071$1,341,187
85$1,961,234$579,448$337,307$1,362,753
86$2,066,722$513,284$254,050$1,385,414
87$2,179,993$440,900$165,025$1,409,353
88$2,301,744$361,896$69,945$1,434,781
89$2,432,745$275,852$0$1,461,934
90$2,573,839$182,323$0$1,496,800
91$2,725,953$80,838$0$1,547,880
92$2,890,104$0$0$1,602,878
93$3,067,411$0$0$1,672,491
94$3,259,102$0$0$1,778,604
95$3,466,529$0$0$1,893,510
96$3,691,175$0$0$2,018,041
97$3,934,674$0$0$2,153,114
98$4,198,820$0$0$2,299,734
99$4,485,588$0$0$2,459,011
100$4,797,148$0$0$2,632,162