Can I retire at age 72 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$74,156$73,495$72,851$72,222$71,608$70,393
2 years$36,711$36,027$35,365$34,722$34,099$32,878
3 years$24,231$23,544$22,883$22,247$21,634$20,446
4 years$17,992$17,307$16,653$16,028$15,429$14,283
5 years$14,250$13,569$12,924$12,311$11,729$10,628
6 years$11,756$11,080$10,444$9,845$9,281$8,226
7 years$9,975$9,305$8,679$8,094$7,548$6,540
8 years$8,640$7,976$7,361$6,790$6,262$5,300
9 years$7,602$6,945$6,340$5,784$5,273$4,358
10 years$6,772$6,122$5,527$4,985$4,493$3,623
11 years$6,094$5,450$4,866$4,339$3,864$3,038
12 years$5,529$4,891$4,318$3,806$3,349$2,565
13 years$5,051$4,420$3,858$3,360$2,920$2,179
14 years$4,642$4,018$3,467$2,983$2,560$1,859
15 years$4,288$3,670$3,130$2,660$2,254$1,593
16 years$3,978$3,368$2,838$2,382$1,992$1,369
17 years$3,706$3,101$2,582$2,140$1,766$1,179
18 years$3,463$2,866$2,357$1,928$1,570$1,019
19 years$3,247$2,656$2,158$1,743$1,400$882
20 years$3,052$2,468$1,980$1,578$1,250$764
21 years$2,876$2,299$1,822$1,432$1,119$664
22 years$2,716$2,146$1,679$1,302$1,003$577
23 years$2,571$2,007$1,550$1,186$900$502
24 years$2,438$1,881$1,434$1,082$809$437
25 years$2,315$1,765$1,328$988$728$381
26 years$2,202$1,659$1,231$903$656$332
27 years$2,098$1,561$1,144$827$591$290
28 years$2,001$1,471$1,063$758$534$253
29 years$1,912$1,388$989$695$482$221
30 years$1,828$1,310$921$638$435$193
31 years$1,750$1,239$859$586$394$169
32 years$1,677$1,172$802$538$356$148
33 years$1,608$1,110$748$495$322$129
34 years$1,544$1,052$699$455$292$113
35 years$1,483$998$654$419$264$99
36 years$1,426$947$612$386$239$87
37 years$1,372$900$572$356$217$76
38 years$1,322$855$536$328$197$66
39 years$1,273$813$502$302$178$58
40 years$1,228$773$471$279$162$51
41 years$1,184$736$441$257$147$45
42 years$1,143$701$414$237$133$39
43 years$1,104$668$389$219$121$34
44 years$1,067$637$365$202$110$30
45 years$1,031$607$342$187$100$26
46 years$998$579$322$173$90$23
47 years$965$553$302$159$82$20
48 years$935$528$284$147$75$18
49 years$905$504$267$136$68$16
50 years$877$481$251$126$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $898,000, adding $4,374 every year, while hoping to spend $25,426 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: 35/37/28 Blend
71$898,000$898,000$898,000$898,000
72$994,108$946,514$932,595$1,020,387
73$1,068,454$965,840$936,784$1,059,771
74$1,149,531$985,261$940,261$1,099,640
75$1,237,999$1,004,754$942,975$1,142,169
76$1,334,584$1,024,296$944,874$1,187,613
77$1,440,085$1,043,861$945,901$1,236,255
78$1,555,383$1,063,419$945,998$1,288,405
79$1,681,445$1,082,940$945,102$1,344,409
80$1,819,340$1,102,392$943,151$1,404,645
81$1,970,242$1,121,738$940,075$1,469,533
82$2,135,443$1,140,939$935,804$1,539,537
83$2,316,368$1,159,955$930,264$1,615,168
84$2,514,586$1,178,741$923,375$1,696,992
85$2,731,823$1,197,249$915,058$1,785,633
86$2,969,982$1,215,427$905,225$1,881,779
87$3,231,157$1,233,220$893,788$1,986,191
88$3,517,657$1,250,570$880,652$2,099,710
89$3,832,023$1,267,413$865,719$2,223,263
90$4,177,055$1,283,682$848,886$2,357,873
91$4,555,837$1,299,304$830,045$2,504,672
92$4,971,764$1,314,202$809,084$2,664,906
93$5,428,580$1,328,294$785,884$2,839,953
94$5,930,407$1,341,492$760,323$3,031,334
95$6,481,786$1,353,703$732,271$3,240,725
96$7,087,719$1,364,825$701,593$3,469,980
97$7,753,718$1,374,754$668,148$3,721,141
98$8,485,856$1,383,375$631,790$3,996,464
99$9,290,821$1,390,568$592,362$4,298,439
100$10,175,984$1,396,205$549,706$4,629,810