Can I retire at age 72 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$99,095$98,212$97,351$96,510$95,690$92,185
2 years$49,057$48,143$47,258$46,399$45,567$42,074
3 years$32,380$31,462$30,579$29,728$28,909$25,540
4 years$24,043$23,128$22,254$21,418$20,618$17,397
5 years$19,042$18,133$17,270$16,451$15,674$12,609
6 years$15,709$14,807$13,956$13,156$12,402$9,496
7 years$13,329$12,435$11,598$10,816$10,086$7,339
8 years$11,546$10,659$9,836$9,073$8,367$5,776
9 years$10,159$9,280$8,472$7,729$7,047$4,607
10 years$9,050$8,180$7,386$6,662$6,004$3,712
11 years$8,143$7,282$6,502$5,798$5,164$3,015
12 years$7,388$6,536$5,771$5,086$4,475$2,464
13 years$6,750$5,907$5,156$4,490$3,902$2,023
14 years$6,204$5,369$4,632$3,986$3,421$1,668
15 years$5,730$4,905$4,182$3,554$3,012$1,380
16 years$5,316$4,500$3,792$3,183$2,662$1,144
17 years$4,952$4,144$3,451$2,860$2,360$951
18 years$4,628$3,830$3,150$2,577$2,098$791
19 years$4,339$3,549$2,884$2,329$1,870$660
20 years$4,078$3,298$2,646$2,109$1,671$551
21 years$3,843$3,072$2,434$1,914$1,495$460
22 years$3,630$2,868$2,244$1,740$1,340$385
23 years$3,435$2,682$2,071$1,585$1,203$322
24 years$3,257$2,513$1,916$1,446$1,081$269
25 years$3,094$2,358$1,774$1,320$973$226
26 years$2,943$2,216$1,646$1,207$876$189
27 years$2,804$2,086$1,528$1,105$790$158
28 years$2,675$1,966$1,421$1,012$713$133
29 years$2,555$1,854$1,322$928$644$111
30 years$2,443$1,751$1,231$852$582$93
31 years$2,338$1,655$1,148$782$526$78
32 years$2,241$1,566$1,071$719$476$66
33 years$2,149$1,483$1,000$661$431$55
34 years$2,063$1,406$934$608$390$46
35 years$1,982$1,333$874$560$353$39
36 years$1,906$1,266$817$516$320$33
37 years$1,834$1,202$765$475$290$27
38 years$1,766$1,142$716$438$263$23
39 years$1,702$1,086$671$404$238$19
40 years$1,641$1,034$629$373$216$16
41 years$1,583$984$590$344$196$14
42 years$1,528$937$553$317$178$11
43 years$1,476$893$519$293$162$10
44 years$1,426$851$487$270$147$8
45 years$1,378$811$458$250$133$7
46 years$1,333$774$430$231$121$6
47 years$1,290$739$404$213$110$5
48 years$1,249$705$379$197$100$4
49 years$1,209$673$357$182$91$3
50 years$1,172$643$335$168$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,200,000, adding $5,625 every year, while hoping to spend $42,371 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: 48/43/9 Blend
71$1,200,000$1,200,000$1,200,000$1,200,000
72$1,328,202$1,264,602$1,246,002$1,388,463
73$1,418,596$1,281,485$1,242,661$1,447,299
74$1,516,791$1,297,776$1,237,787$1,506,239
75$1,623,536$1,313,399$1,231,286$1,569,252
76$1,739,658$1,328,277$1,223,056$1,636,732
77$1,866,067$1,342,326$1,212,991$1,709,112
78$2,003,761$1,355,456$1,200,982$1,786,869
79$2,153,842$1,367,570$1,186,912$1,870,533
80$2,317,520$1,378,568$1,170,660$1,960,686
81$2,496,129$1,388,340$1,152,099$2,057,974
82$2,691,137$1,396,770$1,131,097$2,163,107
83$2,904,158$1,403,737$1,107,514$2,276,873
84$3,136,970$1,409,109$1,081,204$2,400,138
85$3,391,532$1,412,746$1,052,015$2,533,863
86$3,669,999$1,414,501$1,019,788$2,679,105
87$3,974,744$1,414,217$984,356$2,837,035
88$4,308,381$1,411,726$945,545$3,008,942
89$4,673,787$1,406,853$903,173$3,196,253
90$5,074,133$1,399,408$857,048$3,400,542
91$5,512,908$1,389,192$806,972$3,623,546
92$5,993,956$1,375,994$752,737$3,867,184
93$6,521,511$1,359,589$694,126$4,133,575
94$7,100,236$1,339,740$630,910$4,425,057
95$7,735,267$1,316,194$562,852$4,744,211
96$8,432,262$1,288,685$489,705$5,093,887
97$9,197,452$1,256,930$411,210$5,477,228
98$10,037,702$1,220,630$327,096$5,897,707
99$10,960,574$1,179,467$237,080$6,359,155
100$11,974,398$1,133,107$140,868$6,865,799