Can I retire at age 72 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$76,303$75,623$74,960$74,313$73,681$71,523
2 years$37,774$37,070$36,388$35,727$35,086$32,930
3 years$24,932$24,226$23,546$22,891$22,260$20,172
4 years$18,513$17,809$17,135$16,492$15,876$13,873
5 years$14,662$13,962$13,298$12,667$12,069$10,156
6 years$12,096$11,401$10,747$10,130$9,550$7,729
7 years$10,264$9,575$8,930$8,328$7,766$6,038
8 years$8,890$8,207$7,574$6,987$6,443$4,806
9 years$7,822$7,146$6,523$5,951$5,426$3,878
10 years$6,968$6,299$5,687$5,130$4,623$3,163
11 years$6,270$5,607$5,007$4,464$3,976$2,600
12 years$5,689$5,033$4,443$3,916$3,446$2,152
13 years$5,198$4,548$3,970$3,457$3,005$1,790
14 years$4,777$4,134$3,567$3,069$2,634$1,496
15 years$4,412$3,777$3,221$2,737$2,319$1,254
16 years$4,094$3,465$2,920$2,451$2,050$1,054
17 years$3,813$3,191$2,657$2,202$1,817$888
18 years$3,564$2,949$2,425$1,984$1,616$750
19 years$3,341$2,733$2,220$1,793$1,440$634
20 years$3,140$2,540$2,038$1,624$1,286$537
21 years$2,959$2,366$1,874$1,474$1,151$455
22 years$2,795$2,208$1,728$1,340$1,032$386
23 years$2,645$2,065$1,595$1,220$926$328
24 years$2,508$1,935$1,475$1,113$833$279
25 years$2,382$1,816$1,366$1,017$749$237
26 years$2,266$1,707$1,267$929$675$202
27 years$2,159$1,606$1,177$851$608$172
28 years$2,059$1,513$1,094$779$549$146
29 years$1,967$1,428$1,018$715$496$125
30 years$1,881$1,348$948$656$448$106
31 years$1,800$1,275$884$602$405$90
32 years$1,725$1,206$825$554$366$77
33 years$1,655$1,142$770$509$332$66
34 years$1,589$1,083$720$468$300$56
35 years$1,526$1,027$673$431$272$48
36 years$1,468$975$629$397$246$41
37 years$1,412$926$589$366$223$35
38 years$1,360$880$552$337$202$30
39 years$1,310$836$517$311$184$25
40 years$1,263$796$484$287$166$22
41 years$1,219$758$454$265$151$18
42 years$1,176$721$426$244$137$16
43 years$1,136$687$400$225$124$13
44 years$1,098$655$375$208$113$11
45 years$1,061$625$352$192$102$10
46 years$1,027$596$331$178$93$8
47 years$993$569$311$164$84$7
48 years$962$543$292$152$77$6
49 years$931$519$275$140$70$5
50 years$902$495$258$130$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $924,000, adding $2,125 every year, while hoping to spend $30,677 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: 58/15/27 Blend
71$924,000$924,000$924,000$924,000
72$1,020,440$971,468$957,146$1,072,006
73$1,091,885$986,430$956,570$1,122,496
74$1,169,589$1,001,097$954,947$1,174,094
75$1,254,158$1,015,422$952,209$1,229,717
76$1,346,259$1,029,354$948,285$1,289,765
77$1,446,627$1,042,842$943,102$1,354,677
78$1,556,067$1,055,826$936,580$1,424,938
79$1,675,470$1,068,245$928,640$1,501,085
80$1,805,814$1,080,035$919,195$1,583,709
81$1,948,176$1,091,125$908,157$1,673,462
82$2,103,740$1,101,441$895,431$1,771,064
83$2,273,813$1,110,903$880,919$1,877,310
84$2,459,831$1,119,427$864,519$1,993,076
85$2,663,377$1,126,922$846,124$2,119,330
86$2,886,193$1,133,292$825,620$2,257,139
87$3,130,198$1,138,437$802,891$2,407,680
88$3,397,504$1,142,246$777,814$2,572,253
89$3,690,437$1,144,604$750,259$2,752,290
90$4,011,562$1,145,389$720,092$2,949,373
91$4,363,699$1,144,471$687,173$3,165,246
92$4,749,957$1,141,711$651,354$3,401,833
93$5,173,759$1,136,962$612,482$3,661,257
94$5,638,879$1,130,069$570,395$3,945,858
95$6,149,468$1,120,865$524,927$4,258,219
96$6,710,103$1,109,177$475,902$4,601,189
97$7,325,824$1,094,818$423,135$4,977,909
98$8,002,185$1,077,591$366,437$5,391,843
99$8,745,302$1,057,287$305,607$5,846,813
100$9,561,915$1,033,686$240,436$6,347,034