Can I retire at age 72 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$66,146$65,557$64,982$64,421$63,873$62,815
2 years$32,745$32,136$31,545$30,972$30,416$29,353
3 years$21,613$21,001$20,411$19,844$19,297$18,262
4 years$16,049$15,438$14,854$14,296$13,763$12,764
5 years$12,710$12,104$11,528$10,981$10,462$9,503
6 years$10,486$9,883$9,316$8,782$8,278$7,359
7 years$8,897$8,300$7,742$7,220$6,733$5,854
8 years$7,707$7,115$6,565$6,056$5,585$4,747
9 years$6,781$6,195$5,655$5,159$4,704$3,905
10 years$6,041$5,460$4,930$4,447$4,008$3,248
11 years$5,436$4,861$4,340$3,870$3,447$2,726
12 years$4,932$4,363$3,852$3,395$2,987$2,303
13 years$4,506$3,943$3,441$2,997$2,605$1,958
14 years$4,141$3,584$3,092$2,660$2,283$1,671
15 years$3,825$3,274$2,792$2,373$2,010$1,433
16 years$3,549$3,004$2,531$2,124$1,777$1,232
17 years$3,305$2,766$2,303$1,909$1,575$1,063
18 years$3,089$2,556$2,103$1,720$1,401$918
19 years$2,896$2,369$1,925$1,554$1,249$795
20 years$2,722$2,202$1,767$1,408$1,115$690
21 years$2,565$2,051$1,625$1,278$998$600
22 years$2,423$1,914$1,498$1,162$895$522
23 years$2,293$1,790$1,383$1,058$803$454
24 years$2,174$1,677$1,279$965$722$396
25 years$2,065$1,574$1,184$881$649$345
26 years$1,964$1,479$1,098$806$585$302
27 years$1,871$1,392$1,020$737$527$263
28 years$1,785$1,312$948$676$476$230
29 years$1,705$1,238$882$620$430$201
30 years$1,630$1,169$822$569$388$176
31 years$1,561$1,105$766$522$351$154
32 years$1,496$1,046$715$480$318$135
33 years$1,434$990$668$441$287$118
34 years$1,377$938$624$406$260$103
35 years$1,323$890$583$374$236$91
36 years$1,272$845$546$344$214$79
37 years$1,224$802$511$317$194$70
38 years$1,179$763$478$292$175$61
39 years$1,136$725$448$270$159$53
40 years$1,095$690$420$249$144$47
41 years$1,056$657$394$229$131$41
42 years$1,020$625$369$212$119$36
43 years$985$596$347$195$108$32
44 years$952$568$325$180$98$28
45 years$920$542$305$167$89$24
46 years$890$517$287$154$81$21
47 years$861$493$270$142$73$19
48 years$834$471$253$131$67$16
49 years$807$450$238$121$60$14
50 years$782$429$224$112$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $801,000, adding $3,461 every year, while hoping to spend $23,097 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: 27/48/25 Blend
71$801,000$801,000$801,000$801,000
72$886,272$843,819$831,404$903,183
73$952,097$860,591$834,681$933,733
74$1,023,861$877,411$837,293$964,276
75$1,102,148$894,256$839,195$996,590
76$1,187,595$911,104$840,337$1,030,841
77$1,280,909$927,927$840,667$1,067,212
78$1,382,865$944,698$840,132$1,105,907
79$1,494,316$961,387$838,675$1,147,148
80$1,616,202$977,961$836,237$1,191,186
81$1,749,560$994,386$832,756$1,238,292
82$1,895,527$1,010,623$828,166$1,288,772
83$2,055,360$1,026,633$822,398$1,342,961
84$2,230,440$1,042,372$815,382$1,401,229
85$2,422,290$1,057,792$807,042$1,463,986
86$2,632,585$1,072,846$797,299$1,531,687
87$2,863,171$1,087,478$786,072$1,604,831
88$3,116,083$1,101,633$773,273$1,683,974
89$3,393,559$1,115,248$758,813$1,769,726
90$3,698,065$1,128,259$742,597$1,862,766
91$4,032,320$1,140,596$724,526$1,963,841
92$4,399,316$1,152,184$704,497$2,073,778
93$4,802,350$1,162,945$682,402$2,193,489
94$5,245,055$1,172,794$658,127$2,323,984
95$5,731,430$1,181,641$631,554$2,466,377
96$6,265,884$1,189,389$602,559$2,621,900
97$6,853,273$1,195,938$571,014$2,791,912
98$7,498,946$1,201,178$536,781$2,977,916
99$8,208,796$1,204,994$499,722$3,181,570
100$8,989,317$1,207,262$459,686$3,404,708