Can I retire at age 72 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$73,000$72,350$71,715$71,096$70,491$69,582
2 years$36,139$35,466$34,813$34,181$33,567$32,652
3 years$23,853$23,177$22,526$21,900$21,296$20,404
4 years$17,712$17,038$16,393$15,778$15,189$14,326
5 years$14,028$13,358$12,722$12,119$11,546$10,716
6 years$11,572$10,908$10,281$9,691$9,136$8,339
7 years$9,819$9,160$8,544$7,968$7,430$6,667
8 years$8,505$7,852$7,246$6,684$6,164$5,434
9 years$7,484$6,837$6,241$5,693$5,191$4,495
10 years$6,667$6,026$5,441$4,908$4,423$3,759
11 years$5,999$5,365$4,790$4,271$3,804$3,172
12 years$5,443$4,815$4,251$3,746$3,296$2,696
13 years$4,973$4,351$3,798$3,308$2,875$2,305
14 years$4,570$3,955$3,413$2,936$2,520$1,980
15 years$4,221$3,613$3,081$2,618$2,219$1,708
16 years$3,916$3,315$2,793$2,345$1,961$1,478
17 years$3,648$3,053$2,542$2,107$1,739$1,283
18 years$3,409$2,821$2,320$1,898$1,546$1,116
19 years$3,196$2,615$2,124$1,715$1,378$973
20 years$3,004$2,430$1,950$1,554$1,231$850
21 years$2,831$2,263$1,793$1,410$1,101$743
22 years$2,674$2,113$1,653$1,282$987$651
23 years$2,531$1,976$1,526$1,168$886$571
24 years$2,400$1,851$1,411$1,065$797$501
25 years$2,279$1,737$1,307$973$717$440
26 years$2,168$1,633$1,212$889$646$387
27 years$2,065$1,537$1,126$814$582$341
28 years$1,970$1,448$1,047$746$525$300
29 years$1,882$1,366$974$684$474$264
30 years$1,799$1,290$907$628$429$233
31 years$1,723$1,219$846$576$387$205
32 years$1,651$1,154$789$530$350$181
33 years$1,583$1,093$737$487$317$160
34 years$1,520$1,036$688$448$287$141
35 years$1,460$982$644$413$260$124
36 years$1,404$932$602$380$236$110
37 years$1,351$886$563$350$214$97
38 years$1,301$842$528$323$194$86
39 years$1,253$800$494$298$176$76
40 years$1,209$761$463$274$159$67
41 years$1,166$725$435$253$144$59
42 years$1,125$690$408$234$131$52
43 years$1,087$658$382$216$119$46
44 years$1,050$627$359$199$108$41
45 years$1,015$598$337$184$98$36
46 years$982$570$317$170$89$32
47 years$950$544$297$157$81$28
48 years$920$520$280$145$73$25
49 years$891$496$263$134$67$22
50 years$863$474$247$124$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $884,000, adding $5,725 every year, while hoping to spend $26,639 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: 49/42/9 Blend
71$884,000$884,000$884,000$884,000
72$980,073$933,221$919,519$1,025,473
73$1,051,697$950,605$921,980$1,074,556
74$1,129,734$967,949$923,629$1,124,555
75$1,214,809$985,221$924,413$1,178,244
76$1,307,612$1,002,389$924,274$1,235,977
77$1,408,901$1,019,419$923,150$1,298,142
78$1,519,511$1,036,272$920,977$1,365,166
79$1,640,361$1,052,909$917,689$1,437,523
80$1,772,461$1,069,285$913,216$1,515,733
81$1,916,927$1,085,355$907,483$1,600,370
82$2,074,984$1,101,068$900,414$1,692,067
83$2,247,982$1,116,370$891,928$1,791,522
84$2,437,409$1,131,205$881,940$1,899,505
85$2,644,902$1,145,511$870,362$2,016,866
86$2,872,263$1,159,222$857,101$2,144,539
87$3,121,479$1,172,269$842,059$2,283,558
88$3,394,737$1,184,577$825,135$2,435,062
89$3,694,445$1,196,067$806,222$2,600,306
90$4,023,258$1,206,653$785,209$2,780,675
91$4,384,096$1,216,245$761,980$2,977,697
92$4,780,180$1,224,747$736,412$3,193,057
93$5,215,054$1,232,056$708,378$3,428,611
94$5,692,626$1,238,063$677,745$3,686,410
95$6,217,197$1,242,651$644,373$3,968,712
96$6,793,509$1,245,699$608,117$4,278,008
97$7,426,782$1,247,073$568,824$4,617,048
98$8,122,769$1,246,635$526,335$4,988,861
99$8,887,809$1,244,238$480,484$5,396,788
100$9,728,883$1,239,723$431,098$5,844,516