Can I retire at age 72 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$80,515$79,797$79,098$78,415$77,748$74,663
2 years$39,859$39,116$38,397$37,699$37,023$33,953
3 years$26,309$25,563$24,845$24,154$23,489$20,531
4 years$19,535$18,791$18,081$17,402$16,752$13,929
5 years$15,472$14,733$14,032$13,366$12,735$10,053
6 years$12,764$12,030$11,340$10,689$10,077$7,538
7 years$10,830$10,103$9,423$8,788$8,195$5,799
8 years$9,381$8,660$7,992$7,372$6,799$4,542
9 years$8,254$7,540$6,883$6,279$5,725$3,605
10 years$7,353$6,646$6,001$5,413$4,878$2,890
11 years$6,617$5,917$5,283$4,711$4,196$2,335
12 years$6,003$5,311$4,689$4,132$3,636$1,898
13 years$5,485$4,799$4,189$3,648$3,170$1,550
14 years$5,040$4,362$3,764$3,238$2,779$1,271
15 years$4,656$3,985$3,398$2,888$2,447$1,045
16 years$4,320$3,656$3,081$2,586$2,163$862
17 years$4,023$3,367$2,804$2,323$1,918$712
18 years$3,760$3,112$2,559$2,094$1,705$589
19 years$3,525$2,884$2,343$1,892$1,520$488
20 years$3,314$2,680$2,150$1,714$1,357$405
21 years$3,123$2,496$1,978$1,555$1,215$336
22 years$2,949$2,330$1,823$1,414$1,089$279
23 years$2,791$2,179$1,683$1,288$977$232
24 years$2,647$2,042$1,557$1,174$879$193
25 years$2,514$1,916$1,442$1,073$791$161
26 years$2,391$1,801$1,337$981$712$134
27 years$2,278$1,695$1,242$898$642$111
28 years$2,173$1,597$1,154$822$579$93
29 years$2,076$1,507$1,074$754$523$77
30 years$1,985$1,423$1,000$692$473$64
31 years$1,900$1,345$933$636$427$54
32 years$1,820$1,273$870$584$387$45
33 years$1,746$1,205$813$537$350$37
34 years$1,676$1,142$759$494$317$31
35 years$1,610$1,083$710$455$287$26
36 years$1,549$1,028$664$419$260$22
37 years$1,490$977$622$386$236$18
38 years$1,435$928$582$356$214$15
39 years$1,383$883$545$328$194$13
40 years$1,333$840$511$303$176$10
41 years$1,286$799$479$279$159$9
42 years$1,241$761$450$258$145$7
43 years$1,199$725$422$238$131$6
44 years$1,158$691$396$220$119$5
45 years$1,120$659$372$203$108$4
46 years$1,083$629$349$187$98$4
47 years$1,048$600$328$173$89$3
48 years$1,015$573$308$160$81$2
49 years$983$547$290$148$74$2
50 years$952$523$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $975,000, adding $4,456 every year, while hoping to spend $22,150 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: 57/30/13 Blend
71$975,000$975,000$975,000$975,000
72$1,079,046$1,027,371$1,012,259$1,136,753
73$1,165,542$1,054,145$1,022,602$1,203,074
74$1,260,117$1,081,488$1,032,549$1,272,479
75$1,363,573$1,109,406$1,042,064$1,347,587
76$1,476,793$1,137,901$1,051,108$1,428,948
77$1,600,745$1,166,978$1,059,640$1,517,168
78$1,736,501$1,196,640$1,067,617$1,612,912
79$1,885,236$1,226,887$1,074,995$1,716,916
80$2,048,248$1,257,723$1,081,726$1,829,988
81$2,226,966$1,289,147$1,087,759$1,953,018
82$2,422,961$1,321,160$1,093,044$2,086,988
83$2,637,966$1,353,760$1,097,524$2,232,979
84$2,873,889$1,386,945$1,101,141$2,392,179
85$3,132,832$1,420,712$1,103,836$2,565,901
86$3,417,110$1,455,056$1,105,544$2,755,588
87$3,729,274$1,489,972$1,106,198$2,962,832
88$4,072,133$1,525,453$1,105,728$3,189,387
89$4,448,780$1,561,491$1,104,061$3,437,182
90$4,862,627$1,598,075$1,101,118$3,708,348
91$5,317,428$1,635,194$1,096,818$4,005,227
92$5,817,321$1,672,834$1,091,077$4,330,404
93$6,366,866$1,710,980$1,083,806$4,686,726
94$6,971,083$1,749,616$1,074,911$5,077,329
95$7,635,507$1,788,720$1,064,293$5,505,670
96$8,366,233$1,828,272$1,051,852$5,975,557
97$9,169,978$1,868,246$1,037,478$6,491,187
98$10,054,143$1,908,617$1,021,060$7,057,186
99$11,026,880$1,949,354$1,002,481$7,678,649
100$12,097,174$1,990,425$981,616$8,361,194