Can I retire at age 72 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$80,597$79,879$79,179$78,495$77,828$74,799
2 years$39,900$39,156$38,436$37,738$37,061$34,046
3 years$26,336$25,589$24,871$24,179$23,513$20,607
4 years$19,555$18,811$18,100$17,420$16,770$13,994
5 years$15,487$14,748$14,046$13,380$12,748$10,111
6 years$12,777$12,043$11,351$10,700$10,087$7,590
7 years$10,841$10,113$9,433$8,797$8,203$5,845
8 years$9,390$8,669$8,000$7,380$6,806$4,584
9 years$8,262$7,548$6,890$6,286$5,731$3,643
10 years$7,361$6,653$6,007$5,418$4,883$2,924
11 years$6,623$5,923$5,289$4,716$4,200$2,366
12 years$6,009$5,316$4,693$4,136$3,639$1,926
13 years$5,490$4,804$4,193$3,652$3,174$1,575
14 years$5,046$4,367$3,768$3,242$2,782$1,293
15 years$4,661$3,989$3,402$2,891$2,450$1,065
16 years$4,324$3,660$3,084$2,589$2,165$879
17 years$4,027$3,371$2,806$2,326$1,920$727
18 years$3,764$3,115$2,562$2,096$1,707$603
19 years$3,529$2,887$2,345$1,894$1,521$500
20 years$3,317$2,682$2,152$1,715$1,359$415
21 years$3,126$2,499$1,980$1,557$1,216$346
22 years$2,952$2,332$1,825$1,415$1,090$288
23 years$2,794$2,181$1,685$1,289$978$239
24 years$2,649$2,044$1,558$1,176$879$199
25 years$2,516$1,918$1,443$1,074$791$166
26 years$2,394$1,803$1,338$982$713$139
27 years$2,280$1,697$1,243$899$643$116
28 years$2,175$1,599$1,155$823$580$97
29 years$2,078$1,508$1,075$755$524$81
30 years$1,987$1,424$1,002$693$473$67
31 years$1,902$1,346$934$636$428$56
32 years$1,822$1,274$871$585$387$47
33 years$1,748$1,206$813$538$350$39
34 years$1,678$1,143$760$495$317$33
35 years$1,612$1,085$711$456$287$27
36 years$1,550$1,029$665$420$260$23
37 years$1,492$978$622$387$236$19
38 years$1,436$929$583$356$214$16
39 years$1,384$884$546$329$194$13
40 years$1,334$841$512$303$176$11
41 years$1,287$800$480$280$160$9
42 years$1,243$762$450$258$145$8
43 years$1,200$726$422$238$131$6
44 years$1,160$692$396$220$119$5
45 years$1,121$660$372$203$108$5
46 years$1,084$630$350$188$98$4
47 years$1,049$601$328$173$89$3
48 years$1,016$574$309$160$81$3
49 years$984$548$290$148$74$2
50 years$953$523$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $976,000, adding $5,044 every year, while hoping to spend $23,104 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: 33/48/19 Blend
71$976,000$976,000$976,000$976,000
72$1,080,755$1,029,027$1,013,899$1,109,927
73$1,166,409$1,054,867$1,023,282$1,157,822
74$1,260,026$1,081,198$1,032,205$1,206,926
75$1,362,393$1,108,022$1,040,628$1,259,364
76$1,474,378$1,135,335$1,048,510$1,315,441
77$1,596,935$1,163,137$1,055,806$1,375,496
78$1,731,117$1,191,425$1,062,469$1,439,900
79$1,878,081$1,220,195$1,068,452$1,509,063
80$2,039,102$1,249,441$1,073,702$1,583,437
81$2,215,585$1,279,159$1,078,166$1,663,518
82$2,409,078$1,309,340$1,081,787$1,749,854
83$2,621,282$1,339,977$1,084,506$1,843,050
84$2,854,076$1,371,059$1,086,260$1,943,770
85$3,109,526$1,402,574$1,086,984$2,052,746
86$3,389,908$1,434,511$1,086,608$2,170,788
87$3,697,730$1,466,853$1,085,061$2,298,786
88$4,035,754$1,499,585$1,082,266$2,437,720
89$4,407,024$1,532,688$1,078,145$2,588,673
90$4,814,892$1,566,141$1,072,614$2,752,838
91$5,263,050$1,599,921$1,065,586$2,931,527
92$5,755,568$1,634,003$1,056,969$3,126,191
93$6,296,926$1,668,360$1,046,668$3,338,426
94$6,892,062$1,702,959$1,034,582$3,569,993
95$7,546,418$1,737,770$1,020,605$3,822,834
96$8,265,985$1,772,753$1,004,628$4,099,087
97$9,057,368$1,807,871$986,536$4,401,111
98$9,927,843$1,843,079$966,208$4,731,508
99$10,885,424$1,878,332$943,517$5,093,143
100$11,938,944$1,913,577$918,332$5,489,178