Can I retire at age 72 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$75,642$74,969$74,311$73,670$73,043$71,047
2 years$37,447$36,749$36,073$35,418$34,782$32,786
3 years$24,717$24,016$23,342$22,693$22,067$20,133
4 years$18,353$17,654$16,987$16,349$15,739$13,881
5 years$14,535$13,841$13,183$12,557$11,964$10,189
6 years$11,991$11,302$10,653$10,042$9,467$7,775
7 years$10,175$9,492$8,853$8,256$7,699$6,091
8 years$8,813$8,136$7,508$6,926$6,387$4,863
9 years$7,755$7,084$6,467$5,899$5,379$3,936
10 years$6,908$6,244$5,638$5,085$4,583$3,220
11 years$6,216$5,559$4,963$4,426$3,942$2,656
12 years$5,640$4,989$4,405$3,882$3,416$2,205
13 years$5,153$4,509$3,936$3,427$2,979$1,841
14 years$4,735$4,098$3,536$3,042$2,611$1,543
15 years$4,374$3,744$3,193$2,713$2,299$1,298
16 years$4,058$3,435$2,895$2,429$2,032$1,095
17 years$3,780$3,164$2,634$2,183$1,802$926
18 years$3,533$2,923$2,404$1,967$1,602$785
19 years$3,312$2,709$2,201$1,777$1,428$666
20 years$3,113$2,518$2,020$1,610$1,275$566
21 years$2,934$2,345$1,858$1,461$1,141$482
22 years$2,771$2,189$1,713$1,328$1,023$411
23 years$2,622$2,047$1,581$1,210$918$350
24 years$2,486$1,918$1,462$1,103$825$299
25 years$2,362$1,800$1,354$1,008$743$255
26 years$2,247$1,692$1,256$921$669$218
27 years$2,140$1,592$1,166$843$603$186
28 years$2,042$1,500$1,084$773$544$159
29 years$1,950$1,415$1,009$709$491$136
30 years$1,865$1,337$940$650$444$117
31 years$1,785$1,264$876$597$401$100
32 years$1,710$1,196$818$549$363$85
33 years$1,640$1,132$763$505$329$73
34 years$1,575$1,073$713$464$298$63
35 years$1,513$1,018$667$428$270$54
36 years$1,455$966$624$394$244$46
37 years$1,400$918$584$363$221$39
38 years$1,348$872$547$334$201$34
39 years$1,299$829$512$308$182$29
40 years$1,252$789$480$284$165$25
41 years$1,208$751$450$262$150$21
42 years$1,166$715$422$242$136$18
43 years$1,126$681$396$224$123$16
44 years$1,088$650$372$206$112$13
45 years$1,052$619$349$191$102$11
46 years$1,018$591$328$176$92$10
47 years$985$564$308$163$84$8
48 years$953$538$290$150$76$7
49 years$923$514$272$139$69$6
50 years$894$491$256$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $916,000, adding $5,024 every year, while hoping to spend $26,684 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: 36/37/27 Blend
71$916,000$916,000$916,000$916,000
72$1,014,614$966,066$951,868$1,042,760
73$1,089,713$985,012$955,364$1,083,027
74$1,171,578$1,003,992$958,083$1,123,687
75$1,260,871$1,022,979$959,970$1,167,067
76$1,358,320$1,041,945$960,969$1,213,427
77$1,464,727$1,060,859$961,020$1,263,059
78$1,580,975$1,079,687$960,061$1,316,282
79$1,708,036$1,098,393$958,024$1,373,448
80$1,846,980$1,116,939$954,843$1,434,949
81$1,998,985$1,135,282$950,443$1,501,216
82$2,165,349$1,153,378$944,750$1,572,724
83$2,347,499$1,171,178$937,684$1,649,999
84$2,547,009$1,188,631$929,162$1,733,622
85$2,765,612$1,205,681$919,096$1,824,236
86$3,005,214$1,222,269$907,395$1,922,547
87$3,267,917$1,238,332$893,964$2,029,338
88$3,556,035$1,253,801$878,703$2,145,474
89$3,872,117$1,268,604$861,506$2,271,908
90$4,218,971$1,282,663$842,264$2,409,693
91$4,599,688$1,295,896$820,862$2,559,992
92$5,017,676$1,308,214$797,181$2,724,089
93$5,476,686$1,319,524$771,093$2,903,401
94$5,980,852$1,329,725$742,469$3,099,492
95$6,534,728$1,338,710$711,171$3,314,089
96$7,143,330$1,346,367$677,055$3,549,098
97$7,812,184$1,352,573$639,971$3,806,623
98$8,547,379$1,357,201$599,761$4,088,986
99$9,355,622$1,360,114$556,263$4,398,749
100$10,244,302$1,361,166$509,305$4,738,739