Can I retire at age 72 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$93,314$92,483$91,672$90,881$90,108$89,316
2 years$46,195$45,335$44,501$43,693$42,908$42,110
3 years$30,491$29,627$28,795$27,994$27,223$26,443
4 years$22,640$21,779$20,955$20,168$19,416$18,661
5 years$17,931$17,075$16,262$15,491$14,759$14,031
6 years$14,793$13,943$13,142$12,388$11,679$10,978
7 years$12,552$11,709$10,921$10,185$9,498$8,826
8 years$10,872$10,037$9,262$8,544$7,879$7,235
9 years$9,566$8,739$7,978$7,278$6,636$6,019
10 years$8,522$7,703$6,955$6,273$5,654$5,065
11 years$7,668$6,858$6,123$5,460$4,862$4,301
12 years$6,957$6,155$5,434$4,789$4,214$3,679
13 years$6,356$5,562$4,855$4,228$3,674$3,165
14 years$5,842$5,056$4,362$3,753$3,221$2,737
15 years$5,396$4,619$3,938$3,347$2,836$2,377
16 years$5,006$4,238$3,571$2,997$2,506$2,071
17 years$4,663$3,903$3,249$2,693$2,222$1,810
18 years$4,358$3,606$2,966$2,427$1,976$1,586
19 years$4,085$3,342$2,715$2,193$1,761$1,393
20 years$3,841$3,106$2,492$1,986$1,573$1,225
21 years$3,619$2,893$2,292$1,802$1,408$1,080
22 years$3,418$2,700$2,113$1,639$1,262$953
23 years$3,235$2,526$1,951$1,492$1,133$842
24 years$3,067$2,366$1,804$1,361$1,018$745
25 years$2,913$2,221$1,671$1,243$916$660
26 years$2,771$2,087$1,550$1,137$825$585
27 years$2,640$1,964$1,439$1,040$744$518
28 years$2,519$1,851$1,338$953$671$460
29 years$2,405$1,746$1,245$874$606$409
30 years$2,300$1,649$1,160$802$548$363
31 years$2,202$1,559$1,081$737$495$323
32 years$2,110$1,475$1,009$677$448$287
33 years$2,024$1,397$942$623$405$255
34 years$1,943$1,324$880$573$367$227
35 years$1,866$1,256$823$527$332$202
36 years$1,795$1,192$770$486$301$180
37 years$1,727$1,132$720$448$273$160
38 years$1,663$1,076$675$413$248$143
39 years$1,602$1,023$632$380$224$127
40 years$1,545$973$592$351$204$113
41 years$1,490$926$555$324$185$101
42 years$1,439$882$521$299$168$90
43 years$1,389$841$489$276$152$80
44 years$1,343$801$459$255$138$71
45 years$1,298$764$431$235$125$64
46 years$1,255$729$405$217$114$57
47 years$1,215$696$380$201$103$51
48 years$1,176$664$357$185$94$45
49 years$1,139$634$336$171$85$40
50 years$1,103$606$316$158$77$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,130,000, adding $5,607 every year, while hoping to spend $20,819 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: 37/46/17 Blend
71$1,130,000$1,130,000$1,130,000$1,130,000
72$1,251,044$1,191,154$1,173,639$1,290,701
73$1,356,499$1,227,369$1,190,804$1,356,033
74$1,472,013$1,264,661$1,207,847$1,424,168
75$1,598,589$1,303,061$1,224,741$1,497,323
76$1,737,334$1,342,599$1,241,459$1,575,961
77$1,889,465$1,383,310$1,257,971$1,660,586
78$2,056,324$1,425,225$1,274,246$1,751,759
79$2,239,387$1,468,379$1,290,251$1,850,091
80$2,440,282$1,512,808$1,305,953$1,956,256
81$2,660,802$1,558,546$1,321,313$2,070,997
82$2,902,920$1,605,632$1,336,294$2,195,130
83$3,168,813$1,654,102$1,350,854$2,329,553
84$3,460,874$1,703,995$1,364,950$2,475,253
85$3,781,744$1,755,352$1,378,537$2,633,319
86$4,134,331$1,808,213$1,391,567$2,804,946
87$4,521,838$1,862,621$1,403,989$2,991,453
88$4,947,793$1,918,616$1,415,750$3,194,289
89$5,416,084$1,976,245$1,426,794$3,415,052
90$5,930,995$2,035,551$1,437,062$3,655,499
91$6,497,244$2,096,581$1,446,492$3,917,566
92$7,120,032$2,159,383$1,455,018$4,203,384
93$7,805,086$2,224,003$1,462,572$4,515,300
94$8,558,718$2,290,493$1,469,081$4,855,899
95$9,387,882$2,358,902$1,474,470$5,228,028
96$10,300,241$2,429,283$1,478,660$5,634,822
97$11,304,236$2,501,688$1,481,565$6,079,734
98$12,409,170$2,576,173$1,483,100$6,566,568
99$13,625,292$2,652,792$1,483,170$7,099,513
100$14,963,895$2,731,602$1,481,680$7,683,186