Can I retire at age 72 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$94,966$94,120$93,295$92,489$91,703$88,519
2 years$47,013$46,137$45,289$44,466$43,668$40,494
3 years$31,031$30,151$29,305$28,490$27,705$24,639
4 years$23,041$22,164$21,326$20,525$19,759$16,826
5 years$18,248$17,377$16,550$15,765$15,021$12,228
6 years$15,055$14,190$13,375$12,608$11,885$9,234
7 years$12,774$11,916$11,115$10,365$9,666$7,157
8 years$11,064$10,215$9,426$8,695$8,019$5,649
9 years$9,735$8,894$8,119$7,407$6,753$4,520
10 years$8,673$7,839$7,078$6,384$5,754$3,654
11 years$7,804$6,979$6,231$5,556$4,949$2,977
12 years$7,081$6,264$5,530$4,874$4,288$2,441
13 years$6,469$5,661$4,941$4,303$3,739$2,011
14 years$5,945$5,145$4,439$3,820$3,278$1,664
15 years$5,491$4,700$4,008$3,406$2,886$1,381
16 years$5,095$4,313$3,634$3,050$2,551$1,149
17 years$4,745$3,972$3,307$2,740$2,262$959
18 years$4,435$3,670$3,019$2,470$2,011$801
19 years$4,158$3,401$2,763$2,232$1,792$670
20 years$3,908$3,161$2,536$2,021$1,601$562
21 years$3,683$2,944$2,333$1,834$1,433$471
22 years$3,479$2,748$2,150$1,668$1,284$395
23 years$3,292$2,570$1,985$1,519$1,153$332
24 years$3,122$2,408$1,836$1,385$1,036$279
25 years$2,965$2,260$1,700$1,265$932$235
26 years$2,820$2,124$1,577$1,157$840$197
27 years$2,687$1,999$1,464$1,059$757$166
28 years$2,563$1,884$1,361$970$683$140
29 years$2,448$1,777$1,267$890$617$118
30 years$2,341$1,678$1,180$816$557$99
31 years$2,241$1,586$1,100$750$504$84
32 years$2,147$1,501$1,026$689$456$70
33 years$2,059$1,422$958$634$413$59
34 years$1,977$1,347$895$583$374$50
35 years$1,900$1,278$837$537$338$42
36 years$1,826$1,213$783$494$307$36
37 years$1,758$1,152$733$455$278$30
38 years$1,692$1,095$686$420$252$25
39 years$1,631$1,041$643$387$228$21
40 years$1,572$990$603$357$207$18
41 years$1,517$943$565$329$188$15
42 years$1,464$898$530$304$171$13
43 years$1,414$856$498$281$155$11
44 years$1,366$816$467$259$141$9
45 years$1,321$778$439$239$128$8
46 years$1,278$742$412$221$116$6
47 years$1,236$708$387$204$105$5
48 years$1,197$676$364$189$96$5
49 years$1,159$645$342$174$87$4
50 years$1,123$617$321$161$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,150,000, adding $2,033 every year, while hoping to spend $22,478 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: 25/45/30 Blend
71$1,150,000$1,150,000$1,150,000$1,150,000
72$1,269,397$1,208,447$1,190,622$1,289,198
73$1,374,959$1,243,745$1,206,591$1,341,392
74$1,490,535$1,280,018$1,222,342$1,395,283
75$1,617,123$1,317,292$1,237,844$1,452,604
76$1,755,821$1,355,591$1,253,063$1,513,660
77$1,907,839$1,394,940$1,267,966$1,578,783
78$2,074,511$1,435,364$1,282,514$1,648,343
79$2,257,303$1,476,889$1,296,671$1,722,744
80$2,457,833$1,519,541$1,310,394$1,802,431
81$2,677,880$1,563,347$1,323,641$1,887,894
82$2,919,407$1,608,334$1,336,366$1,979,672
83$3,184,574$1,654,530$1,348,521$2,078,358
84$3,475,760$1,701,961$1,360,057$2,184,606
85$3,795,588$1,750,658$1,370,919$2,299,134
86$4,146,945$1,800,647$1,381,052$2,422,736
87$4,533,013$1,851,958$1,390,396$2,556,281
88$4,957,297$1,904,621$1,398,891$2,700,732
89$5,423,659$1,958,665$1,406,471$2,857,145
90$5,936,351$2,014,119$1,413,068$3,026,685
91$6,500,062$2,071,014$1,418,609$3,210,637
92$7,119,955$2,129,380$1,423,019$3,410,412
93$7,801,720$2,189,249$1,426,219$3,627,569
94$8,551,623$2,250,649$1,428,125$3,863,823
95$9,376,571$2,313,614$1,428,650$4,121,065
96$10,284,174$2,378,173$1,427,702$4,401,377
97$11,282,814$2,444,359$1,425,185$4,707,053
98$12,381,730$2,512,201$1,420,997$5,040,623
99$13,591,100$2,581,732$1,415,034$5,404,871
100$14,922,138$2,652,983$1,407,183$5,802,869