Can I retire at age 72 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$75,477$74,805$74,149$73,509$72,884$72,303
2 years$37,365$36,669$35,995$35,341$34,706$34,121
3 years$24,663$23,964$23,291$22,643$22,019$21,448
4 years$18,313$17,616$16,950$16,313$15,704$15,150
5 years$14,504$13,811$13,154$12,530$11,938$11,404
6 years$11,965$11,278$10,630$10,020$9,446$8,932
7 years$10,153$9,471$8,834$8,238$7,682$7,189
8 years$8,794$8,118$7,492$6,911$6,373$5,900
9 years$7,738$7,069$6,453$5,887$5,367$4,914
10 years$6,893$6,231$5,626$5,074$4,573$4,140
11 years$6,203$5,547$4,953$4,416$3,933$3,520
12 years$5,628$4,978$4,395$3,874$3,408$3,014
13 years$5,141$4,499$3,927$3,420$2,972$2,597
14 years$4,725$4,090$3,528$3,036$2,605$2,249
15 years$4,365$3,736$3,186$2,707$2,294$1,955
16 years$4,049$3,428$2,888$2,424$2,027$1,706
17 years$3,772$3,157$2,628$2,178$1,798$1,493
18 years$3,525$2,917$2,399$1,963$1,598$1,310
19 years$3,305$2,703$2,196$1,774$1,425$1,152
20 years$3,106$2,512$2,016$1,606$1,273$1,015
21 years$2,927$2,340$1,854$1,458$1,139$896
22 years$2,765$2,184$1,709$1,326$1,021$792
23 years$2,617$2,043$1,578$1,207$916$701
24 years$2,481$1,914$1,459$1,101$824$621
25 years$2,356$1,796$1,351$1,006$741$551
26 years$2,242$1,688$1,253$919$668$489
27 years$2,135$1,589$1,164$842$602$434
28 years$2,037$1,497$1,082$771$543$386
29 years$1,946$1,412$1,007$707$490$343
30 years$1,861$1,334$938$649$443$305
31 years$1,781$1,261$874$596$401$272
32 years$1,707$1,193$816$548$362$242
33 years$1,637$1,130$762$504$328$216
34 years$1,571$1,071$712$463$297$192
35 years$1,510$1,016$665$427$269$171
36 years$1,452$964$622$393$244$153
37 years$1,397$916$583$362$221$136
38 years$1,345$870$546$334$200$122
39 years$1,296$827$511$308$182$109
40 years$1,250$787$479$284$165$97
41 years$1,206$749$449$262$149$86
42 years$1,164$714$421$242$136$77
43 years$1,124$680$395$223$123$69
44 years$1,086$648$371$206$112$62
45 years$1,050$618$349$190$101$55
46 years$1,015$590$327$176$92$49
47 years$983$563$308$162$84$44
48 years$951$537$289$150$76$39
49 years$921$513$272$139$69$35
50 years$892$490$255$128$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $914,000, adding $2,025 every year, while hoping to spend $45,242 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: 42/42/16 Blend
71$914,000$914,000$914,000$914,000
72$1,009,317$960,875$946,708$1,046,898
73$1,064,130$959,821$930,285$1,072,542
74$1,123,018$957,198$911,796$1,095,690
75$1,186,348$952,883$891,124$1,119,790
76$1,254,525$946,744$868,146$1,144,951
77$1,327,991$938,639$842,734$1,171,296
78$1,407,235$928,421$814,754$1,198,962
79$1,492,790$915,931$784,066$1,228,105
80$1,585,246$901,003$750,523$1,258,899
81$1,685,248$883,459$713,973$1,291,541
82$1,793,508$863,113$674,255$1,326,249
83$1,910,805$839,765$631,202$1,363,271
84$2,037,998$813,205$584,639$1,402,882
85$2,176,033$783,211$534,383$1,445,392
86$2,325,948$749,547$480,244$1,491,145
87$2,488,884$711,965$422,021$1,540,529
88$2,666,099$670,200$359,508$1,593,974
89$2,858,975$623,974$292,486$1,651,962
90$3,069,034$572,992$220,728$1,715,030
91$3,297,951$516,944$143,997$1,783,776
92$3,547,566$455,499$62,046$1,858,867
93$3,819,910$388,309$0$1,941,047
94$4,117,212$315,008$0$2,035,480
95$4,441,931$235,207$0$2,150,333
96$4,796,772$148,496$0$2,276,075
97$5,184,712$54,442$0$2,413,891
98$5,609,029$0$0$2,565,099
99$6,073,335$0$0$2,753,068
100$6,581,604$0$0$2,986,491