Can I retire at age 72 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$73,248$72,595$71,959$71,337$70,731$70,021
2 years$36,261$35,586$34,931$34,297$33,681$32,967
3 years$23,934$23,256$22,603$21,974$21,369$20,671
4 years$17,772$17,095$16,449$15,831$15,240$14,565
5 years$14,075$13,403$12,765$12,160$11,585$10,935
6 years$11,612$10,945$10,316$9,724$9,167$8,542
7 years$9,853$9,191$8,573$7,995$7,455$6,855
8 years$8,534$7,879$7,270$6,707$6,185$5,610
9 years$7,509$6,860$6,262$5,713$5,209$4,659
10 years$6,689$6,047$5,459$4,924$4,438$3,914
11 years$6,019$5,383$4,806$4,286$3,817$3,317
12 years$5,461$4,831$4,265$3,759$3,308$2,832
13 years$4,990$4,366$3,811$3,319$2,884$2,432
14 years$4,585$3,969$3,424$2,946$2,528$2,099
15 years$4,236$3,625$3,092$2,627$2,226$1,819
16 years$3,930$3,326$2,803$2,352$1,967$1,581
17 years$3,660$3,063$2,551$2,114$1,745$1,379
18 years$3,421$2,831$2,328$1,905$1,551$1,206
19 years$3,207$2,623$2,131$1,721$1,383$1,057
20 years$3,015$2,438$1,956$1,559$1,235$928
21 years$2,841$2,271$1,799$1,415$1,105$816
22 years$2,683$2,120$1,658$1,286$991$718
23 years$2,539$1,983$1,531$1,172$889$633
24 years$2,408$1,857$1,416$1,068$799$559
25 years$2,287$1,743$1,312$976$719$494
26 years$2,175$1,638$1,216$892$648$437
27 years$2,072$1,542$1,130$817$584$386
28 years$1,977$1,453$1,050$748$527$342
29 years$1,888$1,371$977$686$476$303
30 years$1,806$1,294$910$630$430$268
31 years$1,728$1,224$849$578$389$238
32 years$1,656$1,158$792$532$352$211
33 years$1,588$1,096$739$489$318$187
34 years$1,525$1,039$691$450$288$166
35 years$1,465$986$646$414$261$148
36 years$1,409$936$604$381$236$131
37 years$1,356$889$565$351$214$116
38 years$1,305$844$529$324$194$103
39 years$1,258$803$496$299$176$92
40 years$1,213$764$465$275$160$82
41 years$1,170$727$436$254$145$73
42 years$1,129$693$409$234$132$65
43 years$1,091$660$384$216$119$57
44 years$1,054$629$360$200$108$51
45 years$1,019$600$338$185$98$45
46 years$985$572$318$170$89$40
47 years$954$546$298$158$81$36
48 years$923$521$280$146$74$32
49 years$894$498$264$135$67$28
50 years$866$476$248$124$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $887,000, adding $6,189 every year, while hoping to spend $28,218 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: 71/24/5 Blend
71$887,000$887,000$887,000$887,000
72$983,858$936,847$923,098$1,052,804
73$1,054,188$952,729$923,999$1,115,002
74$1,130,745$968,443$923,983$1,178,939
75$1,214,136$983,952$922,991$1,248,122
76$1,305,027$999,214$920,960$1,323,061
77$1,404,151$1,014,186$917,823$1,404,314
78$1,512,314$1,028,821$913,510$1,492,497
79$1,630,406$1,043,069$907,949$1,588,288
80$1,759,404$1,056,876$901,062$1,692,437
81$1,900,384$1,070,185$892,769$1,805,766
82$2,054,533$1,082,933$882,986$1,929,183
83$2,223,154$1,095,056$871,625$2,063,688
84$2,407,686$1,106,483$858,594$2,210,383
85$2,609,709$1,117,140$843,796$2,370,483
86$2,830,966$1,126,947$827,130$2,545,324
87$3,073,376$1,135,819$808,491$2,736,383
88$3,339,052$1,143,666$787,767$2,945,283
89$3,630,321$1,150,391$764,843$3,173,816
90$3,949,747$1,155,893$739,597$3,423,954
91$4,300,151$1,160,062$711,904$3,697,874
92$4,684,643$1,162,782$681,630$3,997,971
93$5,106,649$1,163,931$648,637$4,326,887
94$5,569,941$1,163,377$612,780$4,687,535
95$6,078,675$1,160,982$573,908$5,083,122
96$6,637,429$1,156,599$531,862$5,517,187
97$7,251,245$1,150,071$486,479$5,993,626
98$7,925,680$1,141,232$437,583$6,516,736
99$8,666,854$1,129,907$384,997$7,091,253
100$9,481,509$1,115,909$328,530$7,722,395