Can I retire at age 72 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$90,011$89,209$88,427$87,664$86,918$86,298
2 years$44,560$43,730$42,926$42,146$41,390$40,764
3 years$29,412$28,578$27,776$27,003$26,259$25,648
4 years$21,839$21,008$20,214$19,454$18,728$18,136
5 years$17,296$16,470$15,687$14,943$14,237$13,665
6 years$14,269$13,449$12,677$11,950$11,265$10,715
7 years$12,108$11,295$10,535$9,825$9,162$8,633
8 years$10,487$9,682$8,934$8,242$7,600$7,093
9 years$9,228$8,430$7,695$7,020$6,401$5,915
10 years$8,220$7,430$6,709$6,051$5,454$4,989
11 years$7,397$6,615$5,906$5,267$4,690$4,247
12 years$6,711$5,937$5,242$4,619$4,065$3,642
13 years$6,131$5,365$4,683$4,078$3,544$3,142
14 years$5,635$4,877$4,208$3,620$3,107$2,724
15 years$5,205$4,455$3,799$3,229$2,736$2,371
16 years$4,829$4,088$3,444$2,891$2,418$2,072
17 years$4,498$3,765$3,134$2,597$2,144$1,816
18 years$4,204$3,479$2,861$2,341$1,906$1,596
19 years$3,941$3,224$2,619$2,115$1,699$1,405
20 years$3,705$2,996$2,404$1,916$1,518$1,240
21 years$3,491$2,790$2,211$1,739$1,358$1,096
22 years$3,297$2,605$2,038$1,581$1,217$970
23 years$3,121$2,436$1,882$1,440$1,093$860
24 years$2,959$2,283$1,740$1,313$982$763
25 years$2,810$2,142$1,612$1,199$884$678
26 years$2,673$2,013$1,495$1,096$796$603
27 years$2,547$1,895$1,388$1,004$718$536
28 years$2,429$1,785$1,290$919$648$477
29 years$2,320$1,684$1,201$843$585$425
30 years$2,219$1,591$1,119$774$528$379
31 years$2,124$1,504$1,043$711$478$338
32 years$2,035$1,423$973$653$432$301
33 years$1,952$1,347$908$601$391$269
34 years$1,874$1,277$849$553$354$240
35 years$1,800$1,211$794$509$321$215
36 years$1,731$1,150$742$469$291$192
37 years$1,666$1,092$695$432$263$171
38 years$1,604$1,038$651$398$239$153
39 years$1,546$987$610$367$217$137
40 years$1,490$939$571$338$196$122
41 years$1,438$894$536$312$178$109
42 years$1,388$851$503$288$162$98
43 years$1,340$811$472$266$147$87
44 years$1,295$773$443$246$133$78
45 years$1,252$737$416$227$121$70
46 years$1,211$703$390$210$110$63
47 years$1,172$671$367$194$100$56
48 years$1,134$641$345$179$91$50
49 years$1,098$612$324$165$82$45
50 years$1,064$584$305$153$75$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,090,000, adding $3,939 every year, while hoping to spend $54,220 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: 71/20/9 Blend
71$1,090,000$1,090,000$1,090,000$1,090,000
72$1,205,243$1,147,473$1,130,578$1,288,561
73$1,270,488$1,146,010$1,110,763$1,342,723
74$1,340,571$1,142,657$1,088,466$1,394,935
75$1,415,928$1,137,266$1,063,549$1,450,607
76$1,497,038$1,129,677$1,035,863$1,510,066
77$1,584,426$1,119,722$1,005,255$1,573,675
78$1,678,671$1,107,222$971,564$1,641,833
79$1,780,407$1,091,987$934,623$1,714,982
80$1,890,331$1,073,817$894,256$1,793,609
81$2,009,210$1,052,499$850,278$1,878,251
82$2,137,885$1,027,807$802,498$1,969,503
83$2,277,283$999,503$750,715$2,068,020
84$2,428,421$967,334$694,719$2,174,528
85$2,592,419$931,033$634,292$2,289,824
86$2,770,509$890,316$569,203$2,414,793
87$2,964,044$844,885$499,215$2,550,409
88$3,174,514$794,422$424,077$2,697,749
89$3,403,559$738,593$343,527$2,857,999
90$3,652,981$677,044$257,295$3,032,473
91$3,924,766$609,399$165,095$3,222,617
92$4,221,097$535,265$66,630$3,430,031
93$4,544,378$454,222$0$3,656,478
94$4,897,254$365,828$0$3,907,600
95$5,282,638$269,618$0$4,188,920
96$5,703,737$165,099$0$4,496,439
97$6,164,079$51,749$0$4,832,810
98$6,667,550$0$0$5,200,958
99$7,218,429$0$0$5,619,730
100$7,821,428$0$0$6,090,643