Can I retire at age 72 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$74,073$73,414$72,770$72,142$71,528$69,884
2 years$36,670$35,987$35,325$34,683$34,061$32,414
3 years$24,204$23,518$22,858$22,222$21,610$20,011
4 years$17,972$17,288$16,635$16,010$15,412$13,874
5 years$14,234$13,554$12,909$12,297$11,716$10,243
6 years$11,743$11,068$10,432$9,834$9,271$7,863
7 years$9,964$9,295$8,669$8,085$7,539$6,199
8 years$8,630$7,967$7,352$6,782$6,255$4,980
9 years$7,594$6,937$6,333$5,777$5,267$4,058
10 years$6,765$6,115$5,521$4,980$4,488$3,342
11 years$6,087$5,444$4,861$4,334$3,860$2,777
12 years$5,523$4,886$4,314$3,802$3,345$2,322
13 years$5,046$4,415$3,854$3,356$2,917$1,953
14 years$4,637$4,013$3,463$2,979$2,557$1,649
15 years$4,283$3,666$3,126$2,657$2,251$1,398
16 years$3,974$3,364$2,835$2,379$1,990$1,189
17 years$3,701$3,098$2,579$2,138$1,764$1,014
18 years$3,459$2,863$2,355$1,926$1,569$866
19 years$3,243$2,653$2,156$1,741$1,398$741
20 years$3,049$2,465$1,978$1,576$1,249$635
21 years$2,873$2,296$1,820$1,431$1,118$545
22 years$2,713$2,144$1,677$1,301$1,002$468
23 years$2,568$2,005$1,548$1,185$899$403
24 years$2,435$1,878$1,432$1,081$808$347
25 years$2,313$1,763$1,326$987$727$299
26 years$2,200$1,657$1,230$902$655$257
27 years$2,096$1,559$1,142$826$591$222
28 years$1,999$1,469$1,062$757$533$192
29 years$1,909$1,386$988$694$481$165
30 years$1,826$1,309$920$637$435$143
31 years$1,748$1,237$858$585$393$123
32 years$1,675$1,171$801$538$356$106
33 years$1,606$1,109$748$494$322$92
34 years$1,542$1,051$698$455$291$79
35 years$1,482$997$653$419$264$69
36 years$1,425$946$611$386$239$59
37 years$1,371$899$572$355$217$51
38 years$1,320$854$535$327$196$44
39 years$1,272$812$502$302$178$38
40 years$1,226$773$470$278$162$33
41 years$1,183$735$441$257$147$29
42 years$1,142$700$414$237$133$25
43 years$1,103$667$388$219$121$21
44 years$1,066$636$364$202$110$19
45 years$1,030$607$342$187$99$16
46 years$997$579$321$172$90$14
47 years$964$552$302$159$82$12
48 years$933$527$284$147$74$10
49 years$904$503$267$136$68$9
50 years$876$481$251$126$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $897,000, adding $2,098 every year, while hoping to spend $53,405 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: 32/45/23 Blend
71$897,000$897,000$897,000$897,000
72$990,658$943,117$929,214$1,015,288
73$1,034,883$932,507$903,520$1,023,448
74$1,081,828$919,588$875,175$1,027,278
75$1,131,716$904,189$844,035$1,030,314
76$1,184,788$886,131$809,947$1,032,521
77$1,241,309$865,224$772,753$1,033,865
78$1,301,568$841,266$732,286$1,034,313
79$1,365,884$814,044$688,373$1,033,835
80$1,434,604$783,332$640,834$1,032,405
81$1,508,110$748,891$589,478$1,030,000
82$1,586,819$710,469$534,107$1,026,600
83$1,671,191$667,798$474,516$1,022,192
84$1,761,728$620,595$410,487$1,016,769
85$1,858,981$568,562$341,796$1,010,331
86$1,963,558$511,382$268,207$1,002,887
87$2,076,123$448,721$189,474$994,455
88$2,197,406$380,227$105,340$985,065
89$2,328,210$305,527$15,537$974,761
90$2,469,416$224,226$0$963,600
91$2,621,992$135,910$0$971,366
92$2,787,003$40,137$0$983,798
93$2,965,619$0$0$997,272
94$3,159,125$0$0$1,043,480
95$3,368,936$0$0$1,115,245
96$3,596,606$0$0$1,193,239
97$3,843,846$0$0$1,278,061
98$4,112,537$0$0$1,370,372
99$4,404,747$0$0$1,470,902
100$4,722,754$0$0$1,580,448