Can I retire at age 72 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$80,680$79,961$79,260$78,576$77,907$74,787
2 years$39,940$39,197$38,476$37,777$37,099$33,994
3 years$26,362$25,615$24,896$24,204$23,537$20,546
4 years$19,575$18,830$18,118$17,438$16,787$13,932
5 years$15,503$14,763$14,060$13,394$12,761$10,050
6 years$12,790$12,055$11,363$10,711$10,097$7,531
7 years$10,852$10,124$9,443$8,806$8,212$5,790
8 years$9,400$8,678$8,008$7,387$6,813$4,533
9 years$8,271$7,556$6,897$6,292$5,737$3,596
10 years$7,368$6,660$6,013$5,424$4,888$2,881
11 years$6,630$5,929$5,294$4,721$4,204$2,326
12 years$6,015$5,322$4,698$4,141$3,643$1,889
13 years$5,496$4,809$4,198$3,655$3,177$1,542
14 years$5,051$4,371$3,772$3,245$2,785$1,263
15 years$4,665$3,993$3,405$2,894$2,452$1,038
16 years$4,328$3,664$3,087$2,591$2,167$855
17 years$4,032$3,374$2,809$2,328$1,922$706
18 years$3,768$3,118$2,565$2,098$1,709$584
19 years$3,532$2,890$2,348$1,896$1,523$483
20 years$3,321$2,685$2,155$1,717$1,360$401
21 years$3,129$2,501$1,982$1,558$1,217$332
22 years$2,955$2,335$1,827$1,417$1,091$276
23 years$2,797$2,184$1,687$1,290$979$229
24 years$2,652$2,046$1,560$1,177$880$191
25 years$2,519$1,920$1,445$1,075$792$158
26 years$2,396$1,805$1,340$983$714$132
27 years$2,283$1,698$1,244$900$643$110
28 years$2,178$1,600$1,157$824$580$91
29 years$2,080$1,510$1,076$756$524$76
30 years$1,989$1,426$1,003$694$474$63
31 years$1,904$1,348$935$637$428$53
32 years$1,824$1,275$872$585$387$44
33 years$1,750$1,208$814$538$351$37
34 years$1,680$1,145$761$495$317$30
35 years$1,614$1,086$711$456$287$25
36 years$1,552$1,030$665$420$260$21
37 years$1,493$979$623$387$236$18
38 years$1,438$930$583$357$214$15
39 years$1,385$884$546$329$194$12
40 years$1,336$841$512$303$176$10
41 years$1,289$801$480$280$160$8
42 years$1,244$763$450$258$145$7
43 years$1,201$727$423$238$132$6
44 years$1,161$693$397$220$119$5
45 years$1,122$661$373$203$108$4
46 years$1,085$630$350$188$98$3
47 years$1,050$601$329$173$89$3
48 years$1,017$574$309$160$81$2
49 years$985$548$290$148$74$2
50 years$954$524$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 $977,000, adding $3,745 every year, while hoping to spend $32,677 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: 67/6/27 Blend
71$977,000$977,000$977,000$977,000
72$1,080,517$1,028,736$1,013,592$1,145,065
73$1,155,962$1,044,376$1,012,780$1,204,630
74$1,238,006$1,059,687$1,010,845$1,265,718
75$1,327,290$1,074,619$1,007,715$1,331,797
76$1,424,515$1,089,117$1,003,315$1,403,361
77$1,530,456$1,103,123$997,566$1,480,955
78$1,645,962$1,116,576$990,384$1,565,180
79$1,771,971$1,129,410$981,683$1,656,700
80$1,909,514$1,141,553$971,371$1,756,246
81$2,059,726$1,152,930$959,354$1,864,625
82$2,223,855$1,163,461$945,529$1,982,727
83$2,403,278$1,173,060$929,794$2,111,532
84$2,599,509$1,181,636$912,039$2,252,122
85$2,814,215$1,189,092$892,148$2,405,690
86$3,049,231$1,195,324$870,001$2,573,552
87$3,306,581$1,200,223$845,474$2,757,159
88$3,588,489$1,203,671$818,435$2,958,111
89$3,897,408$1,205,544$788,745$3,178,172
90$4,236,038$1,205,710$756,263$3,419,287
91$4,607,353$1,204,029$720,836$3,683,601
92$5,014,627$1,200,351$682,309$3,973,479
93$5,461,470$1,194,518$640,517$4,291,531
94$5,951,854$1,186,364$595,288$4,640,630
95$6,490,156$1,175,709$546,444$5,023,949
96$7,081,199$1,162,365$493,796$5,444,982
97$7,730,293$1,146,133$437,150$5,907,585
98$8,443,289$1,126,800$376,301$6,416,007
99$9,226,632$1,104,141$311,035$6,974,934
100$10,087,424$1,077,919$241,130$7,589,531