Can I retire at age 72 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$75,230$74,559$73,906$73,268$72,644$70,291
2 years$37,242$36,549$35,877$35,225$34,593$32,244
3 years$24,582$23,885$23,214$22,569$21,947$19,676
4 years$18,252$17,558$16,894$16,260$15,653$13,477
5 years$14,456$13,766$13,111$12,489$11,899$9,825
6 years$11,926$11,241$10,595$9,987$9,415$7,445
7 years$10,119$9,440$8,805$8,211$7,657$5,789
8 years$8,765$8,092$7,467$6,888$6,352$4,586
9 years$7,712$7,045$6,431$5,867$5,350$3,683
10 years$6,870$6,210$5,607$5,058$4,558$2,988
11 years$6,182$5,529$4,936$4,402$3,920$2,444
12 years$5,609$4,962$4,381$3,861$3,397$2,012
13 years$5,125$4,484$3,914$3,409$2,962$1,665
14 years$4,710$4,076$3,517$3,026$2,597$1,383
15 years$4,350$3,724$3,175$2,698$2,286$1,153
16 years$4,036$3,416$2,879$2,416$2,021$964
17 years$3,759$3,146$2,620$2,171$1,792$807
18 years$3,513$2,907$2,391$1,956$1,593$678
19 years$3,294$2,694$2,189$1,768$1,420$570
20 years$3,096$2,504$2,009$1,601$1,268$479
21 years$2,918$2,332$1,848$1,453$1,135$404
22 years$2,756$2,177$1,703$1,321$1,017$341
23 years$2,608$2,036$1,573$1,203$913$288
24 years$2,473$1,908$1,454$1,097$821$243
25 years$2,349$1,790$1,347$1,002$739$205
26 years$2,234$1,683$1,249$916$665$173
27 years$2,128$1,584$1,160$839$600$147
28 years$2,030$1,492$1,078$768$541$124
29 years$1,939$1,408$1,004$705$489$105
30 years$1,854$1,329$935$647$442$89
31 years$1,775$1,257$872$594$399$75
32 years$1,701$1,189$813$546$361$64
33 years$1,631$1,126$759$502$327$54
34 years$1,566$1,067$709$462$296$46
35 years$1,505$1,012$663$425$268$39
36 years$1,447$961$620$392$243$33
37 years$1,392$913$581$361$220$28
38 years$1,341$867$544$333$200$24
39 years$1,292$825$509$307$181$20
40 years$1,245$785$478$283$164$17
41 years$1,202$747$448$261$149$14
42 years$1,160$711$420$241$135$12
43 years$1,120$678$394$222$123$10
44 years$1,082$646$370$205$111$9
45 years$1,046$616$347$190$101$7
46 years$1,012$588$326$175$92$6
47 years$979$561$307$162$83$5
48 years$948$535$288$149$76$4
49 years$918$511$271$138$69$4
50 years$889$488$255$128$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $911,000, adding $6,718 every year, while hoping to spend $35,615 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: 72/18/10 Blend
71$911,000$911,000$911,000$911,000
72$1,010,852$962,569$948,448$1,081,231
73$1,076,064$971,840$942,327$1,137,929
74$1,146,735$980,373$934,807$1,194,938
75$1,223,383$988,092$925,804$1,256,386
76$1,306,579$994,920$915,230$1,322,702
77$1,396,951$1,000,771$902,991$1,394,359
78$1,495,190$1,005,559$888,990$1,471,878
79$1,602,055$1,009,187$873,127$1,555,834
80$1,718,382$1,011,555$855,295$1,646,860
81$1,845,092$1,012,556$835,382$1,745,655
82$1,983,196$1,012,076$813,272$1,852,988
83$2,133,809$1,009,995$788,844$1,969,708
84$2,298,157$1,006,184$761,970$2,096,750
85$2,477,590$1,000,507$732,516$2,235,147
86$2,673,592$992,821$700,344$2,386,035
87$2,887,801$982,971$665,307$2,550,669
88$3,122,016$970,796$627,254$2,730,430
89$3,378,220$956,123$586,026$2,926,844
90$3,658,597$938,771$541,456$3,141,591
91$3,965,549$918,547$493,370$3,376,525
92$4,301,725$895,245$441,588$3,633,687
93$4,670,038$868,650$385,919$3,915,331
94$5,073,701$838,532$326,165$4,223,940
95$5,516,247$804,649$262,121$4,562,253
96$6,001,571$766,744$193,569$4,933,289
97$6,533,963$724,546$120,285$5,340,376
98$7,118,145$677,767$42,033$5,787,185
99$7,759,323$626,104$0$6,277,762
100$8,463,227$569,236$0$6,820,993