Can I retire at age 72 with 809,000?

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 $809,000?

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$66,806$66,211$65,631$65,064$64,511$64,158
2 years$33,073$32,457$31,860$31,281$30,719$30,363
3 years$21,829$21,211$20,615$20,042$19,490$19,142
4 years$16,209$15,592$15,003$14,439$13,900$13,563
5 years$12,837$12,224$11,643$11,091$10,567$10,241
6 years$10,591$9,982$9,409$8,869$8,361$8,047
7 years$8,986$8,383$7,819$7,292$6,800$6,498
8 years$7,784$7,186$6,631$6,117$5,641$5,351
9 years$6,849$6,257$5,711$5,210$4,751$4,473
10 years$6,101$5,515$4,979$4,491$4,048$3,782
11 years$5,490$4,910$4,384$3,909$3,481$3,227
12 years$4,981$4,407$3,890$3,429$3,017$2,774
13 years$4,551$3,982$3,476$3,027$2,631$2,399
14 years$4,182$3,620$3,123$2,687$2,306$2,085
15 years$3,863$3,307$2,820$2,396$2,030$1,821
16 years$3,584$3,034$2,556$2,146$1,794$1,595
17 years$3,338$2,794$2,326$1,928$1,591$1,402
18 years$3,120$2,582$2,124$1,737$1,415$1,235
19 years$2,925$2,393$1,944$1,570$1,261$1,091
20 years$2,750$2,223$1,784$1,422$1,126$965
21 years$2,591$2,071$1,641$1,290$1,008$856
22 years$2,447$1,933$1,512$1,173$903$760
23 years$2,316$1,808$1,397$1,068$811$676
24 years$2,196$1,694$1,292$975$729$601
25 years$2,086$1,590$1,196$890$656$536
26 years$1,984$1,494$1,109$814$591$478
27 years$1,890$1,406$1,030$745$533$426
28 years$1,803$1,325$958$682$481$381
29 years$1,722$1,250$891$626$434$340
30 years$1,647$1,181$830$574$392$304
31 years$1,576$1,116$774$527$355$272
32 years$1,511$1,056$722$485$321$244
33 years$1,449$1,000$674$446$290$218
34 years$1,391$948$630$410$263$195
35 years$1,336$899$589$378$238$175
36 years$1,285$853$551$348$216$157
37 years$1,236$810$516$320$195$141
38 years$1,191$770$483$295$177$126
39 years$1,147$732$452$272$161$113
40 years$1,106$697$424$251$146$102
41 years$1,067$663$398$232$132$91
42 years$1,030$632$373$214$120$82
43 years$995$602$350$197$109$73
44 years$961$574$329$182$99$66
45 years$929$547$308$168$90$59
46 years$899$522$290$155$81$53
47 years$870$498$272$144$74$48
48 years$842$475$256$133$67$43
49 years$815$454$240$123$61$38
50 years$790$434$226$113$55$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $809,000, adding $3,429 every year, while hoping to spend $34,574 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: 48/45/7 Blend
71$809,000$809,000$809,000$809,000
72$895,055$852,178$839,639$936,203
73$949,564$857,148$830,980$969,714
74$1,008,474$861,203$820,873$1,002,143
75$1,072,198$864,262$809,231$1,036,540
76$1,141,189$866,237$795,967$1,073,096
77$1,215,945$867,038$780,987$1,112,027
78$1,297,015$866,565$764,193$1,153,568
79$1,385,000$864,717$745,483$1,197,981
80$1,480,564$861,382$724,751$1,245,559
81$1,584,436$856,444$701,884$1,296,624
82$1,697,417$849,779$676,767$1,351,532
83$1,820,391$841,256$649,276$1,410,680
84$1,954,329$830,734$619,284$1,474,507
85$2,100,297$818,068$586,657$1,543,499
86$2,259,474$803,099$551,256$1,618,193
87$2,433,152$785,663$512,935$1,699,186
88$2,622,757$765,583$471,541$1,787,138
89$2,829,856$742,675$426,916$1,882,778
90$3,056,176$716,741$378,892$1,986,915
91$3,303,617$687,572$327,296$2,100,444
92$3,574,272$654,949$271,947$2,224,354
93$3,870,445$618,639$212,655$2,359,742
94$4,194,673$578,395$149,221$2,507,817
95$4,549,750$533,957$81,440$2,669,921
96$4,938,752$485,048$9,096$2,847,534
97$5,365,068$431,379$0$3,042,297
98$5,832,428$372,640$0$3,261,106
99$6,344,943$308,506$0$3,501,935
100$6,907,139$238,635$0$3,766,334