Can I retire at age 72 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$80,845$80,125$79,422$78,736$78,067$76,585
2 years$40,022$39,277$38,554$37,854$37,175$35,687
3 years$26,416$25,668$24,947$24,253$23,585$22,139
4 years$19,615$18,869$18,155$17,473$16,821$15,427
5 years$15,535$14,793$14,089$13,421$12,787$11,449
6 years$12,816$12,080$11,386$10,733$10,118$8,838
7 years$10,875$10,145$9,462$8,824$8,229$7,006
8 years$9,419$8,696$8,024$7,402$6,826$5,662
9 years$8,288$7,571$6,911$6,305$5,749$4,641
10 years$7,383$6,674$6,026$5,435$4,898$3,846
11 years$6,644$5,941$5,305$4,730$4,213$3,215
12 years$6,028$5,332$4,708$4,149$3,651$2,707
13 years$5,507$4,819$4,206$3,663$3,183$2,291
14 years$5,061$4,380$3,779$3,252$2,791$1,948
15 years$4,675$4,002$3,412$2,900$2,457$1,663
16 years$4,337$3,671$3,094$2,596$2,172$1,424
17 years$4,040$3,381$2,815$2,333$1,925$1,223
18 years$3,776$3,124$2,570$2,102$1,712$1,053
19 years$3,540$2,896$2,353$1,900$1,526$908
20 years$3,327$2,691$2,159$1,721$1,363$784
21 years$3,136$2,506$1,986$1,562$1,220$678
22 years$2,961$2,340$1,830$1,420$1,093$587
23 years$2,803$2,188$1,690$1,293$981$509
24 years$2,657$2,050$1,563$1,179$882$441
25 years$2,524$1,924$1,448$1,077$794$383
26 years$2,401$1,808$1,343$985$715$333
27 years$2,287$1,702$1,247$901$645$289
28 years$2,182$1,604$1,159$826$582$252
29 years$2,084$1,513$1,079$757$525$219
30 years$1,993$1,429$1,005$695$475$191
31 years$1,908$1,351$937$638$429$166
32 years$1,828$1,278$874$587$388$145
33 years$1,753$1,210$816$539$351$126
34 years$1,683$1,147$762$496$318$110
35 years$1,617$1,088$713$457$288$96
36 years$1,555$1,033$667$421$261$83
37 years$1,496$981$624$388$237$73
38 years$1,441$932$584$357$214$63
39 years$1,388$886$548$330$194$55
40 years$1,338$843$513$304$176$48
41 years$1,291$803$481$280$160$42
42 years$1,246$764$451$259$145$37
43 years$1,204$728$424$239$132$32
44 years$1,163$694$398$221$120$28
45 years$1,125$662$373$204$109$24
46 years$1,088$632$351$188$99$21
47 years$1,052$603$329$174$90$19
48 years$1,019$575$310$161$81$16
49 years$987$549$291$148$74$14
50 years$956$525$274$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $979,000, adding $4,374 every year, while hoping to spend $26,940 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: 74/15/11 Blend
71$979,000$979,000$979,000$979,000
72$1,083,370$1,031,483$1,016,308$1,160,919
73$1,165,210$1,053,361$1,021,691$1,234,582
74$1,254,494$1,075,409$1,026,350$1,311,469
75$1,351,954$1,097,606$1,030,235$1,394,961
76$1,458,395$1,119,930$1,033,289$1,485,704
77$1,574,701$1,142,357$1,035,454$1,584,410
78$1,701,848$1,164,860$1,036,670$1,691,864
79$1,840,911$1,187,412$1,036,872$1,808,929
80$1,993,070$1,209,981$1,035,993$1,936,557
81$2,159,627$1,232,534$1,033,963$2,075,796
82$2,342,016$1,255,035$1,030,708$2,227,801
83$2,541,815$1,277,445$1,026,150$2,393,844
84$2,760,762$1,299,722$1,020,208$2,575,328
85$3,000,772$1,321,821$1,012,797$2,773,796
86$3,263,952$1,343,692$1,003,828$2,990,949
87$3,552,626$1,365,284$993,207$3,228,664
88$3,869,351$1,386,540$980,836$3,489,006
89$4,216,944$1,407,400$966,614$3,774,251
90$4,598,509$1,427,798$950,431$4,086,907
91$5,017,463$1,447,667$932,177$4,429,740
92$5,477,573$1,466,931$911,734$4,805,793
93$5,982,986$1,485,511$888,977$5,218,425
94$6,538,273$1,503,323$863,780$5,671,334
95$7,148,466$1,520,276$836,007$6,168,594
96$7,819,114$1,536,273$805,517$6,714,699
97$8,556,324$1,551,212$772,163$7,314,598
98$9,366,830$1,564,982$735,790$7,973,745
99$10,258,046$1,577,466$696,239$8,698,152
100$11,238,144$1,588,539$653,341$9,494,443