Can I retire at age 72 with 999,000?

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 $999,000?

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$82,496$81,762$81,045$80,345$79,662$76,471
2 years$40,840$40,079$39,342$38,627$37,934$34,759
3 years$26,956$26,192$25,457$24,749$24,067$21,008
4 years$20,016$19,254$18,526$17,830$17,165$14,246
5 years$15,852$15,095$14,377$13,695$13,048$10,276
6 years$13,078$12,327$11,619$10,952$10,325$7,701
7 years$11,097$10,352$9,655$9,004$8,397$5,921
8 years$9,612$8,873$8,188$7,554$6,966$4,635
9 years$8,457$7,726$7,053$6,434$5,866$3,677
10 years$7,534$6,810$6,149$5,546$4,998$2,946
11 years$6,779$6,063$5,413$4,827$4,299$2,379
12 years$6,151$5,441$4,804$4,234$3,725$1,932
13 years$5,620$4,917$4,292$3,738$3,248$1,577
14 years$5,164$4,470$3,857$3,318$2,848$1,292
15 years$4,770$4,083$3,482$2,959$2,507$1,062
16 years$4,426$3,746$3,157$2,650$2,216$875
17 years$4,122$3,450$2,873$2,381$1,965$722
18 years$3,853$3,188$2,622$2,145$1,747$597
19 years$3,612$2,955$2,401$1,939$1,557$494
20 years$3,395$2,746$2,203$1,756$1,391$410
21 years$3,200$2,558$2,026$1,593$1,245$340
22 years$3,022$2,387$1,868$1,449$1,116$282
23 years$2,860$2,233$1,725$1,319$1,001$234
24 years$2,712$2,092$1,595$1,203$900$195
25 years$2,576$1,963$1,477$1,099$810$162
26 years$2,450$1,845$1,370$1,005$730$135
27 years$2,334$1,736$1,272$920$658$112
28 years$2,227$1,636$1,183$843$594$93
29 years$2,127$1,544$1,101$773$536$78
30 years$2,034$1,458$1,025$709$484$65
31 years$1,947$1,378$956$651$438$54
32 years$1,865$1,304$892$599$396$45
33 years$1,789$1,235$833$550$358$37
34 years$1,717$1,170$778$507$325$31
35 years$1,650$1,110$727$466$294$26
36 years$1,587$1,054$680$429$266$22
37 years$1,527$1,001$637$396$241$18
38 years$1,470$951$596$365$219$15
39 years$1,417$904$559$336$198$12
40 years$1,366$860$524$310$180$10
41 years$1,318$819$491$286$163$9
42 years$1,272$780$461$264$148$7
43 years$1,228$743$432$244$134$6
44 years$1,187$708$406$225$122$5
45 years$1,147$676$381$208$111$4
46 years$1,110$644$358$192$101$3
47 years$1,074$615$336$177$91$3
48 years$1,040$587$316$164$83$2
49 years$1,007$561$297$151$75$2
50 years$975$536$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $999,000, adding $4,199 every year, while hoping to spend $39,795 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: 26/49/25 Blend
71$999,000$999,000$999,000$999,000
72$1,105,229$1,052,282$1,036,798$1,125,181
73$1,175,621$1,061,503$1,029,189$1,150,873
74$1,251,859$1,069,841$1,019,991$1,174,705
75$1,334,498$1,077,212$1,009,110$1,199,440
76$1,424,146$1,083,525$996,445$1,225,183
77$1,521,475$1,088,684$981,892$1,252,047
78$1,627,222$1,092,585$965,341$1,280,164
79$1,742,197$1,095,121$946,679$1,309,680
80$1,867,293$1,096,174$925,785$1,340,759
81$2,003,492$1,095,621$902,533$1,373,589
82$2,151,873$1,093,332$876,794$1,408,377
83$2,313,627$1,089,167$848,429$1,445,357
84$2,490,060$1,082,980$817,294$1,484,791
85$2,682,614$1,074,614$783,241$1,526,973
86$2,892,873$1,063,902$746,112$1,572,232
87$3,122,582$1,050,670$705,744$1,620,934
88$3,373,663$1,034,730$661,963$1,673,490
89$3,648,230$1,015,886$614,593$1,730,358
90$3,948,613$993,927$563,444$1,792,050
91$4,277,374$968,632$508,323$1,859,137
92$4,637,339$939,768$449,024$1,932,253
93$5,031,615$907,084$385,334$2,012,107
94$5,463,628$870,319$317,031$2,099,488
95$5,937,148$829,195$243,881$2,195,273
96$6,456,328$783,416$165,642$2,300,438
97$7,025,742$732,672$82,060$2,416,069
98$7,650,429$676,635$0$2,543,372
99$8,335,938$614,955$0$2,685,589
100$9,088,382$547,266$0$2,865,791