Can I retire at age 72 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$65,237$64,656$64,089$63,536$62,996$62,651
2 years$32,296$31,694$31,111$30,546$29,998$29,650
3 years$21,317$20,713$20,131$19,571$19,032$18,692
4 years$15,828$15,226$14,650$14,100$13,574$13,244
5 years$12,536$11,937$11,369$10,830$10,319$10,000
6 years$10,342$9,748$9,188$8,661$8,165$7,858
7 years$8,775$8,186$7,635$7,121$6,640$6,345
8 years$7,601$7,017$6,475$5,973$5,509$5,225
9 years$6,688$6,110$5,577$5,088$4,639$4,368
10 years$5,958$5,385$4,862$4,386$3,953$3,693
11 years$5,361$4,794$4,281$3,817$3,399$3,151
12 years$4,864$4,303$3,799$3,348$2,946$2,709
13 years$4,444$3,889$3,394$2,956$2,569$2,343
14 years$4,084$3,535$3,050$2,624$2,252$2,036
15 years$3,772$3,229$2,753$2,340$1,983$1,778
16 years$3,500$2,963$2,496$2,095$1,752$1,558
17 years$3,260$2,728$2,272$1,883$1,554$1,369
18 years$3,047$2,521$2,074$1,697$1,382$1,206
19 years$2,856$2,337$1,898$1,533$1,231$1,065
20 years$2,685$2,171$1,742$1,388$1,100$943
21 years$2,530$2,022$1,603$1,260$984$836
22 years$2,390$1,888$1,477$1,146$882$742
23 years$2,262$1,766$1,364$1,043$792$660
24 years$2,144$1,654$1,261$952$712$587
25 years$2,037$1,553$1,168$869$641$523
26 years$1,938$1,459$1,083$795$577$466
27 years$1,846$1,373$1,006$727$520$416
28 years$1,761$1,294$935$666$469$372
29 years$1,682$1,221$870$611$424$332
30 years$1,608$1,153$811$561$383$297
31 years$1,539$1,090$756$515$346$266
32 years$1,475$1,031$705$473$313$238
33 years$1,415$977$658$435$283$213
34 years$1,358$926$615$401$257$191
35 years$1,305$878$575$369$232$171
36 years$1,255$833$538$340$211$153
37 years$1,207$791$504$313$191$137
38 years$1,163$752$472$288$173$123
39 years$1,120$715$442$266$157$111
40 years$1,080$680$414$245$142$99
41 years$1,042$648$388$226$129$89
42 years$1,006$617$364$209$117$80
43 years$971$588$342$193$106$72
44 years$939$560$321$178$97$64
45 years$907$534$301$164$88$58
46 years$878$510$283$152$80$52
47 years$849$486$266$140$72$47
48 years$822$464$250$130$66$42
49 years$796$443$235$120$60$38
50 years$771$424$221$111$54$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $790,000, adding $3,790 every year, while hoping to spend $20,221 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: 37/36/27 Blend
71$790,000$790,000$790,000$790,000
72$874,489$832,619$820,374$899,664
73$942,172$851,903$826,342$937,847
74$1,016,081$871,453$831,832$976,941
75$1,096,830$891,263$836,806$1,018,779
76$1,185,093$911,322$841,226$1,063,623
77$1,281,616$931,620$845,051$1,111,760
78$1,387,217$952,145$848,236$1,163,507
79$1,502,798$972,885$850,737$1,219,215
80$1,629,352$993,825$852,505$1,279,269
81$1,767,972$1,014,948$853,490$1,344,097
82$1,919,863$1,036,239$853,640$1,414,166
83$2,086,351$1,057,676$852,898$1,489,997
84$2,268,896$1,079,240$851,208$1,572,159
85$2,469,108$1,100,907$848,508$1,661,284
86$2,688,758$1,122,653$844,734$1,758,066
87$2,929,798$1,144,449$839,819$1,863,273
88$3,194,378$1,166,268$833,694$1,977,751
89$3,484,866$1,188,077$826,284$2,102,432
90$3,803,871$1,209,841$817,513$2,238,346
91$4,154,266$1,231,523$807,300$2,386,628
92$4,539,217$1,253,083$795,560$2,548,530
93$4,962,211$1,274,478$782,205$2,725,434
94$5,427,090$1,295,661$767,143$2,918,861
95$5,938,087$1,316,583$750,276$3,130,493
96$6,499,865$1,337,188$731,503$3,362,182
97$7,117,561$1,357,421$710,719$3,615,971
98$7,796,835$1,377,217$687,811$3,894,114
99$8,543,924$1,396,513$662,664$4,199,097
100$9,365,699$1,415,236$635,157$4,533,659