Can I retire at age 72 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$81,506$80,780$80,071$79,380$78,705$76,740
2 years$40,349$39,598$38,870$38,163$37,478$35,511
3 years$26,632$25,878$25,151$24,452$23,778$21,870
4 years$19,775$19,023$18,304$17,616$16,959$15,125
5 years$15,662$14,914$14,204$13,531$12,892$11,137
6 years$12,921$12,178$11,479$10,821$10,201$8,526
7 years$10,963$10,227$9,539$8,896$8,296$6,703
8 years$9,496$8,767$8,090$7,463$6,882$5,369
9 years$8,356$7,633$6,968$6,357$5,796$4,362
10 years$7,444$6,728$6,075$5,480$4,938$3,582
11 years$6,698$5,990$5,348$4,769$4,247$2,966
12 years$6,077$5,376$4,746$4,183$3,680$2,472
13 years$5,552$4,858$4,241$3,693$3,209$2,072
14 years$5,102$4,416$3,810$3,278$2,813$1,744
15 years$4,713$4,034$3,440$2,924$2,477$1,473
16 years$4,373$3,701$3,119$2,618$2,189$1,248
17 years$4,073$3,409$2,838$2,352$1,941$1,060
18 years$3,806$3,150$2,591$2,120$1,726$903
19 years$3,568$2,919$2,372$1,915$1,538$770
20 years$3,355$2,713$2,177$1,735$1,374$657
21 years$3,161$2,527$2,002$1,574$1,230$562
22 years$2,986$2,359$1,845$1,431$1,102$481
23 years$2,826$2,206$1,704$1,304$989$412
24 years$2,679$2,067$1,576$1,189$889$353
25 years$2,545$1,940$1,459$1,086$800$303
26 years$2,421$1,823$1,354$993$721$260
27 years$2,306$1,716$1,257$909$650$223
28 years$2,200$1,617$1,168$833$586$192
29 years$2,101$1,525$1,087$764$530$165
30 years$2,009$1,440$1,013$701$478$142
31 years$1,923$1,362$944$644$433$122
32 years$1,843$1,288$881$591$391$105
33 years$1,768$1,220$823$544$354$90
34 years$1,697$1,156$769$500$321$78
35 years$1,630$1,097$719$461$290$67
36 years$1,568$1,041$672$424$263$58
37 years$1,508$989$629$391$238$50
38 years$1,452$940$589$360$216$43
39 years$1,400$893$552$332$196$37
40 years$1,349$850$517$306$178$32
41 years$1,302$809$485$283$161$27
42 years$1,257$771$455$261$146$23
43 years$1,214$734$427$241$133$20
44 years$1,173$700$401$222$121$17
45 years$1,134$667$376$205$109$15
46 years$1,097$637$354$190$99$13
47 years$1,061$608$332$175$90$11
48 years$1,027$580$312$162$82$10
49 years$995$554$293$150$74$8
50 years$964$529$276$138$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $987,000, adding $6,331 every year, while hoping to spend $59,150 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: 26/45/29 Blend
71$987,000$987,000$987,000$987,000
72$1,094,204$1,041,893$1,026,595$1,112,643
73$1,142,878$1,030,011$998,051$1,116,473
74$1,194,534$1,015,564$966,568$1,115,133
75$1,249,414$998,364$931,985$1,112,493
76$1,307,782$978,212$894,135$1,108,482
77$1,369,929$954,897$852,841$1,103,033
78$1,436,170$928,195$807,919$1,096,075
79$1,506,852$897,870$759,178$1,087,538
80$1,582,356$863,671$706,415$1,077,353
81$1,663,098$825,332$649,422$1,065,452
82$1,749,536$782,575$587,979$1,051,767
83$1,842,169$735,102$521,857$1,036,234
84$1,941,548$682,599$450,817$1,018,789
85$2,048,274$624,735$374,608$999,376
86$2,163,011$561,160$292,970$977,939
87$2,286,484$491,502$205,630$954,430
88$2,419,490$415,371$112,304$928,808
89$2,562,907$332,353$12,694$901,041
90$2,717,695$242,010$0$871,104
91$2,884,914$143,882$0$867,951
92$3,065,724$37,482$0$868,694
93$3,261,403$0$0$869,522
94$3,473,355$0$0$909,061
95$3,703,124$0$0$972,181
96$3,952,407$0$0$1,040,807
97$4,223,071$0$0$1,115,471
98$4,517,169$0$0$1,196,759
99$4,836,962$0$0$1,285,315
100$5,184,932$0$0$1,381,847