Can I retire at age 72 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$81,423$80,698$79,990$79,299$78,625$75,685
2 years$40,308$39,558$38,830$38,125$37,440$34,512
3 years$26,605$25,851$25,126$24,427$23,754$20,929
4 years$19,755$19,004$18,285$17,598$16,941$14,242
5 years$15,646$14,899$14,190$13,517$12,879$10,312
6 years$12,908$12,166$11,468$10,810$10,190$7,757
7 years$10,952$10,217$9,530$8,887$8,288$5,988
8 years$9,487$8,758$8,082$7,455$6,875$4,707
9 years$8,347$7,625$6,961$6,350$5,790$3,750
10 years$7,436$6,721$6,069$5,474$4,933$3,018
11 years$6,691$5,984$5,343$4,764$4,243$2,448
12 years$6,071$5,371$4,742$4,179$3,677$1,998
13 years$5,546$4,853$4,236$3,689$3,206$1,638
14 years$5,097$4,412$3,806$3,275$2,811$1,349
15 years$4,708$4,030$3,437$2,921$2,475$1,114
16 years$4,368$3,698$3,116$2,615$2,187$922
17 years$4,069$3,405$2,835$2,350$1,939$765
18 years$3,803$3,147$2,588$2,117$1,724$636
19 years$3,565$2,916$2,369$1,913$1,537$529
20 years$3,351$2,710$2,174$1,733$1,373$441
21 years$3,158$2,524$2,000$1,573$1,228$368
22 years$2,983$2,356$1,843$1,430$1,101$307
23 years$2,823$2,204$1,702$1,302$988$257
24 years$2,676$2,065$1,574$1,188$888$215
25 years$2,542$1,938$1,458$1,085$799$179
26 years$2,418$1,821$1,352$992$720$150
27 years$2,304$1,714$1,256$908$649$126
28 years$2,198$1,615$1,167$832$586$105
29 years$2,099$1,524$1,086$763$529$88
30 years$2,007$1,439$1,012$700$478$74
31 years$1,921$1,360$943$643$432$62
32 years$1,841$1,287$880$591$391$52
33 years$1,766$1,219$822$543$354$43
34 years$1,695$1,155$768$500$320$36
35 years$1,629$1,096$718$460$290$30
36 years$1,566$1,040$672$424$263$25
37 years$1,507$988$629$391$238$21
38 years$1,451$939$589$360$216$18
39 years$1,398$893$551$332$196$15
40 years$1,348$849$517$306$178$13
41 years$1,300$808$485$282$161$11
42 years$1,255$770$455$261$146$9
43 years$1,212$734$427$241$133$7
44 years$1,172$699$400$222$120$6
45 years$1,133$667$376$205$109$5
46 years$1,095$636$353$190$99$4
47 years$1,060$607$332$175$90$4
48 years$1,026$579$312$162$82$3
49 years$994$553$293$150$74$3
50 years$963$529$276$138$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $986,000, adding $4,600 every year, while hoping to spend $29,540 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: 30/44/26 Blend
71$986,000$986,000$986,000$986,000
72$1,091,317$1,039,059$1,023,776$1,115,187
73$1,171,201$1,058,542$1,026,642$1,153,562
74$1,258,243$1,077,991$1,028,614$1,191,905
75$1,353,142$1,097,371$1,029,631$1,232,559
76$1,456,668$1,116,647$1,029,629$1,275,745
77$1,569,666$1,135,781$1,028,540$1,321,707
78$1,693,070$1,154,732$1,026,293$1,370,716
79$1,827,904$1,173,455$1,022,816$1,423,070
80$1,975,299$1,191,903$1,018,029$1,479,100
81$2,136,498$1,210,025$1,011,851$1,539,172
82$2,312,871$1,227,766$1,004,198$1,603,690
83$2,505,925$1,245,068$994,980$1,673,102
84$2,717,320$1,261,867$984,103$1,747,903
85$2,948,886$1,278,097$971,469$1,828,639
86$3,202,634$1,293,686$956,975$1,915,916
87$3,480,783$1,308,557$940,514$2,010,403
88$3,785,775$1,322,628$921,973$2,112,839
89$4,120,299$1,335,812$901,235$2,224,041
90$4,487,319$1,348,016$878,175$2,344,914
91$4,890,097$1,359,141$852,666$2,476,454
92$5,332,229$1,369,080$824,572$2,619,767
93$5,817,673$1,377,722$793,752$2,776,070
94$6,350,791$1,384,946$760,058$2,946,712
95$6,936,389$1,390,625$723,337$3,133,180
96$7,579,759$1,394,624$683,427$3,337,119
97$8,286,732$1,396,798$640,160$3,560,345
98$9,063,732$1,396,995$593,359$3,804,863
99$9,917,837$1,395,052$542,840$4,072,889
100$10,856,843$1,390,796$488,412$4,366,869