Can I retire at age 72 with 813,000?

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 $813,000?

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$67,137$66,539$65,955$65,386$64,830$64,475
2 years$33,236$32,617$32,017$31,435$30,871$30,514
3 years$21,937$21,316$20,717$20,141$19,586$19,236
4 years$16,289$15,669$15,077$14,510$13,969$13,630
5 years$12,901$12,285$11,700$11,145$10,619$10,291
6 years$10,643$10,032$9,456$8,913$8,402$8,087
7 years$9,031$8,424$7,858$7,328$6,833$6,530
8 years$7,822$7,221$6,664$6,147$5,669$5,378
9 years$6,883$6,287$5,740$5,236$4,774$4,495
10 years$6,131$5,542$5,004$4,514$4,068$3,800
11 years$5,517$4,934$4,405$3,928$3,498$3,243
12 years$5,006$4,428$3,910$3,446$3,032$2,788
13 years$4,573$4,002$3,493$3,042$2,644$2,411
14 years$4,203$3,638$3,138$2,700$2,317$2,096
15 years$3,882$3,323$2,834$2,408$2,040$1,830
16 years$3,602$3,049$2,569$2,156$1,803$1,603
17 years$3,355$2,808$2,338$1,937$1,599$1,409
18 years$3,135$2,595$2,134$1,746$1,422$1,241
19 years$2,939$2,405$1,954$1,578$1,267$1,096
20 years$2,763$2,234$1,793$1,429$1,132$970
21 years$2,604$2,081$1,649$1,297$1,013$860
22 years$2,459$1,943$1,520$1,179$908$764
23 years$2,328$1,817$1,403$1,074$815$679
24 years$2,207$1,703$1,298$979$733$604
25 years$2,096$1,598$1,202$894$659$538
26 years$1,994$1,502$1,115$818$594$480
27 years$1,900$1,413$1,035$749$535$428
28 years$1,812$1,332$962$686$483$383
29 years$1,731$1,256$896$629$436$342
30 years$1,655$1,186$834$577$394$306
31 years$1,584$1,122$778$530$356$274
32 years$1,518$1,061$726$487$322$245
33 years$1,456$1,005$678$448$292$219
34 years$1,398$952$633$412$264$196
35 years$1,343$903$592$379$239$176
36 years$1,291$857$554$349$217$158
37 years$1,242$814$518$322$196$141
38 years$1,196$774$485$297$178$127
39 years$1,153$736$455$274$161$114
40 years$1,111$700$426$252$146$102
41 years$1,072$667$400$233$133$92
42 years$1,035$635$375$215$121$82
43 years$1,000$605$352$198$109$74
44 years$966$577$330$183$99$66
45 years$934$550$310$169$90$59
46 years$903$524$291$156$82$53
47 years$874$500$274$144$74$48
48 years$846$478$257$133$68$43
49 years$819$456$242$123$61$39
50 years$794$436$227$114$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $813,000, adding $3,019 every year, while hoping to spend $25,901 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: 42/43/15 Blend
71$813,000$813,000$813,000$813,000
72$899,040$855,951$843,350$932,731
73$963,184$870,334$844,043$971,129
74$1,033,002$884,554$843,892$1,009,894
75$1,109,046$898,575$842,841$1,051,314
76$1,191,923$912,360$840,830$1,095,643
77$1,282,301$925,867$837,800$1,143,162
78$1,380,915$939,053$833,685$1,194,182
79$1,488,573$951,872$828,418$1,249,046
80$1,606,167$964,273$821,930$1,308,133
81$1,734,677$976,204$814,146$1,371,862
82$1,875,182$987,606$804,988$1,440,694
83$2,028,872$998,420$794,376$1,515,139
84$2,197,054$1,008,579$782,224$1,595,761
85$2,381,169$1,018,016$768,445$1,683,181
86$2,582,805$1,026,655$752,944$1,778,087
87$2,803,709$1,034,419$735,625$1,881,237
88$3,045,804$1,041,222$716,386$1,993,467
89$3,311,211$1,046,977$695,120$2,115,702
90$3,602,264$1,051,588$671,716$2,248,963
91$3,921,533$1,054,955$646,057$2,394,376
92$4,271,851$1,056,969$618,021$2,553,184
93$4,656,336$1,057,516$587,481$2,726,759
94$5,078,425$1,056,477$554,304$2,916,618
95$5,541,901$1,053,722$518,350$3,124,432
96$6,050,935$1,049,114$479,475$3,352,046
97$6,610,119$1,042,508$437,525$3,601,498
98$7,224,511$1,033,752$392,343$3,875,035
99$7,899,687$1,022,682$343,762$4,175,139
100$8,641,787$1,009,125$291,610$4,504,546