Can I retire at age 72 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$80,267$79,552$78,854$78,173$77,509$76,350
2 years$39,736$38,996$38,279$37,583$36,909$35,745
3 years$26,228$25,484$24,769$24,080$23,417$22,282
4 years$19,475$18,734$18,025$17,348$16,701$15,606
5 years$15,424$14,687$13,988$13,325$12,696$11,643
6 years$12,724$11,993$11,305$10,656$10,046$9,036
7 years$10,797$10,072$9,394$8,761$8,170$7,204
8 years$9,352$8,634$7,967$7,349$6,778$5,855
9 years$8,229$7,517$6,862$6,260$5,708$4,828
10 years$7,330$6,626$5,983$5,396$4,863$4,026
11 years$6,596$5,899$5,267$4,696$4,183$3,387
12 years$5,985$5,294$4,674$4,119$3,625$2,869
13 years$5,468$4,785$4,176$3,637$3,161$2,445
14 years$5,025$4,349$3,752$3,228$2,771$2,093
15 years$4,641$3,973$3,388$2,879$2,439$1,799
16 years$4,306$3,645$3,072$2,578$2,156$1,552
17 years$4,011$3,357$2,795$2,316$1,912$1,342
18 years$3,749$3,102$2,551$2,087$1,700$1,163
19 years$3,514$2,875$2,336$1,886$1,515$1,010
20 years$3,304$2,671$2,144$1,708$1,353$879
21 years$3,113$2,488$1,972$1,550$1,211$766
22 years$2,940$2,323$1,817$1,410$1,086$669
23 years$2,783$2,172$1,678$1,284$974$584
24 years$2,638$2,035$1,552$1,171$876$511
25 years$2,506$1,910$1,437$1,069$788$447
26 years$2,384$1,795$1,333$978$710$391
27 years$2,271$1,690$1,238$895$640$343
28 years$2,166$1,592$1,151$820$578$301
29 years$2,069$1,502$1,071$752$521$264
30 years$1,979$1,418$997$690$471$232
31 years$1,894$1,341$930$634$426$203
32 years$1,815$1,269$868$582$385$179
33 years$1,741$1,202$810$536$349$157
34 years$1,671$1,139$757$493$316$138
35 years$1,606$1,080$708$454$286$121
36 years$1,544$1,025$662$418$259$106
37 years$1,485$974$620$385$235$94
38 years$1,430$925$580$355$213$82
39 years$1,378$880$544$327$193$72
40 years$1,329$837$510$302$175$64
41 years$1,282$797$478$278$159$56
42 years$1,237$759$448$257$144$49
43 years$1,195$723$421$237$131$43
44 years$1,155$689$395$219$119$38
45 years$1,116$657$371$202$108$34
46 years$1,080$627$348$187$98$30
47 years$1,045$598$327$173$89$26
48 years$1,012$571$307$159$81$23
49 years$980$545$289$147$73$20
50 years$949$521$272$136$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $972,000, adding $4,588 every year, while hoping to spend $53,045 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: 50/34/16 Blend
71$972,000$972,000$972,000$972,000
72$1,075,877$1,024,361$1,009,295$1,124,708
73$1,129,176$1,018,115$986,666$1,152,573
74$1,186,135$1,009,785$961,502$1,176,955
75$1,247,070$999,213$933,662$1,202,290
76$1,312,328$986,232$902,997$1,228,685
77$1,382,292$970,663$869,353$1,256,261
78$1,457,379$952,319$832,570$1,285,156
79$1,538,049$931,000$792,478$1,315,524
80$1,624,806$906,495$748,902$1,347,537
81$1,718,203$878,580$701,657$1,381,392
82$1,818,848$847,019$650,551$1,417,306
83$1,927,408$811,561$595,383$1,455,526
84$2,044,618$771,942$535,942$1,496,325
85$2,171,282$727,880$472,009$1,540,013
86$2,308,287$679,080$403,355$1,586,933
87$2,456,605$625,228$329,741$1,637,471
88$2,617,308$565,993$250,916$1,692,057
89$2,791,571$501,024$166,619$1,751,172
90$2,980,688$429,952$76,578$1,815,351
91$3,186,084$352,385$0$1,885,193
92$3,409,323$267,910$0$1,964,695
93$3,652,128$176,092$0$2,065,436
94$3,916,392$76,468$0$2,175,209
95$4,204,202$0$0$2,294,989
96$4,517,851$0$0$2,437,621
97$4,859,865$0$0$2,624,441
98$5,233,021$0$0$2,828,369
99$5,640,378$0$0$3,051,090
100$6,085,304$0$0$3,294,457