Can I retire at age 72 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$80,762$80,043$79,341$78,656$77,987$75,856
2 years$39,981$39,237$38,515$37,815$37,137$35,005
3 years$26,389$25,642$24,922$24,229$23,561$21,496
4 years$19,595$18,849$18,137$17,455$16,804$14,821
5 years$15,519$14,778$14,075$13,407$12,774$10,879
6 years$12,803$12,067$11,375$10,722$10,108$8,302
7 years$10,863$10,134$9,452$8,815$8,220$6,504
8 years$9,410$8,687$8,016$7,395$6,820$5,192
9 years$8,279$7,563$6,904$6,299$5,743$4,202
10 years$7,376$6,667$6,019$5,430$4,893$3,438
11 years$6,637$5,935$5,299$4,725$4,208$2,836
12 years$6,022$5,327$4,703$4,145$3,647$2,354
13 years$5,501$4,814$4,202$3,659$3,180$1,965
14 years$5,056$4,376$3,775$3,248$2,788$1,647
15 years$4,670$3,997$3,409$2,897$2,455$1,386
16 years$4,333$3,668$3,091$2,594$2,169$1,169
17 years$4,036$3,378$2,812$2,331$1,923$989
18 years$3,772$3,121$2,567$2,100$1,710$838
19 years$3,536$2,893$2,350$1,898$1,524$711
20 years$3,324$2,688$2,157$1,719$1,362$605
21 years$3,132$2,504$1,984$1,560$1,219$515
22 years$2,958$2,337$1,828$1,418$1,092$438
23 years$2,800$2,186$1,688$1,292$980$374
24 years$2,655$2,048$1,561$1,178$881$319
25 years$2,521$1,922$1,446$1,076$793$272
26 years$2,399$1,806$1,341$984$714$233
27 years$2,285$1,700$1,245$900$644$199
28 years$2,180$1,602$1,158$825$581$170
29 years$2,082$1,511$1,077$757$525$145
30 years$1,991$1,427$1,004$694$474$124
31 years$1,906$1,349$936$638$429$106
32 years$1,826$1,277$873$586$388$91
33 years$1,751$1,209$815$539$351$78
34 years$1,681$1,146$762$496$318$67
35 years$1,615$1,087$712$456$288$57
36 years$1,553$1,032$666$420$261$49
37 years$1,495$980$623$387$236$42
38 years$1,439$931$584$357$214$36
39 years$1,387$885$547$329$194$31
40 years$1,337$842$513$304$176$26
41 years$1,290$802$481$280$160$23
42 years$1,245$764$451$259$145$19
43 years$1,203$728$423$239$132$17
44 years$1,162$694$397$220$119$14
45 years$1,123$661$373$204$108$12
46 years$1,087$631$350$188$98$10
47 years$1,051$602$329$174$89$9
48 years$1,018$575$309$160$81$8
49 years$986$549$291$148$74$7
50 years$955$524$273$137$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $978,000, adding $4,204 every year, while hoping to spend $28,839 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: 50/36/14 Blend
71$978,000$978,000$978,000$978,000
72$1,082,092$1,030,258$1,015,099$1,131,856
73$1,161,781$1,050,057$1,018,421$1,186,290
74$1,248,632$1,069,858$1,020,887$1,242,051
75$1,343,344$1,089,633$1,022,439$1,302,003
76$1,446,689$1,109,349$1,023,014$1,366,550
77$1,559,514$1,128,970$1,022,547$1,436,136
78$1,682,753$1,148,458$1,020,971$1,511,252
79$1,817,434$1,167,772$1,018,214$1,592,439
80$1,964,688$1,186,868$1,014,199$1,680,292
81$2,125,760$1,205,700$1,008,850$1,775,469
82$2,302,024$1,224,215$1,002,082$1,878,693
83$2,494,988$1,242,360$993,810$1,990,766
84$2,706,317$1,260,075$983,943$2,112,567
85$2,937,842$1,277,300$972,385$2,245,070
86$3,191,581$1,293,965$959,039$2,389,345
87$3,469,753$1,310,001$943,798$2,546,575
88$3,774,808$1,325,331$926,555$2,718,063
89$4,109,439$1,339,873$907,195$2,905,248
90$4,476,614$1,353,540$885,599$3,109,715
91$4,879,604$1,366,238$861,642$3,333,211
92$5,322,010$1,377,870$835,193$3,577,667
93$5,807,799$1,388,329$806,116$3,845,207
94$6,341,341$1,397,504$774,267$4,138,177
95$6,927,450$1,405,274$739,497$4,459,162
96$7,571,430$1,411,513$701,651$4,811,016
97$8,279,124$1,416,085$660,564$5,196,881
98$9,056,968$1,418,846$616,066$5,620,227
99$9,912,053$1,419,644$567,979$6,084,876
100$10,852,192$1,418,316$516,115$6,595,046