Can I retire at age 72 with 900,000?

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 $900,000?

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 years$74,321$73,659$73,013$72,383$71,767$70,578
2 years$36,793$36,107$35,443$34,799$34,175$32,981
3 years$24,285$23,597$22,934$22,296$21,682$20,519
4 years$18,032$17,346$16,690$16,063$15,464$14,342
5 years$14,281$13,599$12,952$12,338$11,755$10,677
6 years$11,782$11,105$10,467$9,867$9,302$8,269
7 years$9,997$9,326$8,698$8,112$7,565$6,577
8 years$8,659$7,994$7,377$6,805$6,276$5,334
9 years$7,619$6,960$6,354$5,796$5,285$4,388
10 years$6,787$6,135$5,539$4,997$4,503$3,650
11 years$6,108$5,462$4,877$4,348$3,873$3,063
12 years$5,541$4,902$4,328$3,814$3,356$2,588
13 years$5,063$4,430$3,867$3,367$2,927$2,199
14 years$4,653$4,027$3,474$2,989$2,565$1,878
15 years$4,298$3,679$3,137$2,666$2,259$1,610
16 years$3,987$3,375$2,844$2,387$1,996$1,384
17 years$3,714$3,108$2,588$2,145$1,770$1,194
18 years$3,471$2,872$2,362$1,933$1,574$1,032
19 years$3,254$2,662$2,163$1,746$1,403$894
20 years$3,059$2,474$1,985$1,582$1,253$775
21 years$2,883$2,304$1,826$1,436$1,121$674
22 years$2,722$2,151$1,683$1,305$1,005$586
23 years$2,577$2,012$1,554$1,189$902$510
24 years$2,443$1,885$1,437$1,084$811$445
25 years$2,320$1,769$1,331$990$730$388
26 years$2,207$1,662$1,234$905$657$339
27 years$2,103$1,564$1,146$829$593$296
28 years$2,006$1,474$1,065$759$535$259
29 years$1,916$1,391$991$696$483$226
30 years$1,832$1,313$924$639$436$198
31 years$1,754$1,242$861$587$394$173
32 years$1,680$1,175$803$539$357$152
33 years$1,612$1,113$750$496$323$133
34 years$1,547$1,054$701$456$292$116
35 years$1,487$1,000$655$420$265$102
36 years$1,429$949$613$387$240$89
37 years$1,375$902$574$356$217$78
38 years$1,324$857$537$329$197$68
39 years$1,276$815$503$303$179$60
40 years$1,230$775$472$279$162$53
41 years$1,187$738$442$258$147$46
42 years$1,146$703$415$238$133$40
43 years$1,107$670$389$220$121$35
44 years$1,069$638$366$203$110$31
45 years$1,034$609$343$187$100$27
46 years$1,000$581$322$173$91$24
47 years$968$554$303$160$82$21
48 years$937$529$285$148$75$18
49 years$907$505$267$136$68$16
50 years$879$482$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 $900,000, adding $5,916 every year, while hoping to spend $22,739 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: 32/44/24 Blend
71$900,000$900,000$900,000$900,000
72$997,902$950,202$936,252$1,022,324
73$1,075,494$972,568$943,423$1,063,673
74$1,160,238$995,268$950,071$1,105,731
75$1,252,840$1,018,294$956,156$1,150,572
76$1,354,077$1,041,637$961,634$1,198,456
77$1,464,803$1,065,287$966,459$1,249,667
78$1,585,961$1,089,234$970,583$1,304,522
79$1,718,586$1,113,464$973,955$1,363,366
80$1,863,822$1,137,963$976,522$1,426,584
81$2,022,924$1,162,716$978,229$1,494,597
82$2,197,278$1,187,705$979,015$1,567,871
83$2,388,409$1,212,911$978,821$1,646,920
84$2,597,996$1,238,313$977,581$1,732,310
85$2,827,889$1,263,888$975,227$1,824,667
86$3,080,125$1,289,610$971,688$1,924,679
87$3,356,949$1,315,452$966,891$2,033,107
88$3,660,832$1,341,383$960,756$2,150,789
89$3,994,498$1,367,372$953,203$2,278,650
90$4,360,946$1,393,383$944,144$2,417,710
91$4,763,481$1,419,376$933,491$2,569,096
92$5,205,742$1,445,312$921,149$2,734,047
93$5,691,740$1,471,144$907,020$2,913,934
94$6,225,892$1,496,825$891,000$3,110,265
95$6,813,067$1,522,303$872,982$3,324,708
96$7,458,625$1,547,522$852,852$3,559,098
97$8,168,475$1,572,420$830,493$3,815,463
98$8,949,125$1,596,935$805,780$4,096,036
99$9,807,747$1,620,996$778,585$4,403,284
100$10,752,242$1,644,529$748,772$4,739,924