Can I retire at age 72 with 976,000?

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 $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%14.8%
1 years$80,597$79,879$79,179$78,495$77,828$76,287
2 years$39,900$39,156$38,436$37,738$37,061$35,516
3 years$26,336$25,589$24,871$24,179$23,513$22,011
4 years$19,555$18,811$18,100$17,420$16,770$15,322
5 years$15,487$14,748$14,046$13,380$12,748$11,360
6 years$12,777$12,043$11,351$10,700$10,087$8,759
7 years$10,841$10,113$9,433$8,797$8,203$6,936
8 years$9,390$8,669$8,000$7,380$6,806$5,598
9 years$8,262$7,548$6,890$6,286$5,731$4,584
10 years$7,361$6,653$6,007$5,418$4,883$3,794
11 years$6,623$5,923$5,289$4,716$4,200$3,168
12 years$6,009$5,316$4,693$4,136$3,639$2,663
13 years$5,490$4,804$4,193$3,652$3,174$2,251
14 years$5,046$4,367$3,768$3,242$2,782$1,912
15 years$4,661$3,989$3,402$2,891$2,450$1,630
16 years$4,324$3,660$3,084$2,589$2,165$1,394
17 years$4,027$3,371$2,806$2,326$1,920$1,195
18 years$3,764$3,115$2,562$2,096$1,707$1,027
19 years$3,529$2,887$2,345$1,894$1,521$884
20 years$3,317$2,682$2,152$1,715$1,359$763
21 years$3,126$2,499$1,980$1,557$1,216$658
22 years$2,952$2,332$1,825$1,415$1,090$569
23 years$2,794$2,181$1,685$1,289$978$493
24 years$2,649$2,044$1,558$1,176$879$427
25 years$2,516$1,918$1,443$1,074$791$370
26 years$2,394$1,803$1,338$982$713$321
27 years$2,280$1,697$1,243$899$643$279
28 years$2,175$1,599$1,155$823$580$242
29 years$2,078$1,508$1,075$755$524$210
30 years$1,987$1,424$1,002$693$473$183
31 years$1,902$1,346$934$636$428$159
32 years$1,822$1,274$871$585$387$138
33 years$1,748$1,206$813$538$350$120
34 years$1,678$1,143$760$495$317$104
35 years$1,612$1,085$711$456$287$91
36 years$1,550$1,029$665$420$260$79
37 years$1,492$978$622$387$236$69
38 years$1,436$929$583$356$214$60
39 years$1,384$884$546$329$194$52
40 years$1,334$841$512$303$176$45
41 years$1,287$800$480$280$160$40
42 years$1,243$762$450$258$145$34
43 years$1,200$726$422$238$131$30
44 years$1,160$692$396$220$119$26
45 years$1,121$660$372$203$108$23
46 years$1,084$630$350$188$98$20
47 years$1,049$601$328$173$89$17
48 years$1,016$574$309$160$81$15
49 years$984$548$290$148$74$13
50 years$953$523$273$137$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $976,000, adding $3,542 every year, while hoping to spend $36,180 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: 82/5/13 Blend
71$976,000$976,000$976,000$976,000
72$1,079,206$1,027,478$1,012,350$1,164,788
73$1,150,789$1,039,329$1,007,768$1,233,292
74$1,228,462$1,050,548$1,001,820$1,303,380
75$1,312,806$1,061,066$994,423$1,379,268
76$1,404,464$1,070,810$985,487$1,461,520
77$1,504,140$1,079,700$974,921$1,550,758
78$1,612,609$1,087,652$962,629$1,647,665
79$1,730,727$1,094,579$948,508$1,752,995
80$1,859,432$1,100,384$932,454$1,867,578
81$1,999,759$1,104,968$914,356$1,992,328
82$2,152,844$1,108,221$894,097$2,128,252
83$2,319,942$1,110,031$871,557$2,276,459
84$2,502,429$1,110,277$846,607$2,438,172
85$2,701,825$1,108,828$819,117$2,614,739
86$2,919,800$1,105,550$788,946$2,807,644
87$3,158,194$1,100,296$755,950$3,018,521
88$3,419,032$1,092,912$719,976$3,249,174
89$3,704,544$1,083,236$680,867$3,501,587
90$4,017,187$1,071,094$638,455$3,777,949
91$4,359,665$1,056,303$592,569$4,080,670
92$4,734,957$1,038,668$543,026$4,412,409
93$5,146,343$1,017,982$489,637$4,776,094
94$5,597,435$994,029$432,205$5,174,950
95$6,092,213$966,576$370,523$5,612,534
96$6,635,059$935,378$304,376$6,092,765
97$7,230,801$900,177$233,539$6,619,961
98$7,884,756$860,699$157,775$7,198,882
99$8,602,781$816,654$76,841$7,834,773
100$9,391,329$767,734$0$8,533,413