Can I retire at age 72 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$77,707$77,015$76,339$75,680$75,037$72,202
2 years$38,469$37,752$37,058$36,385$35,732$32,909
3 years$25,391$24,672$23,979$23,312$22,670$19,947
4 years$18,854$18,136$17,451$16,795$16,168$13,567
5 years$14,932$14,219$13,542$12,900$12,291$9,818
6 years$12,319$11,611$10,944$10,316$9,725$7,382
7 years$10,453$9,751$9,095$8,482$7,909$5,695
8 years$9,054$8,358$7,713$7,115$6,562$4,474
9 years$7,966$7,277$6,643$6,060$5,526$3,562
10 years$7,097$6,415$5,792$5,224$4,708$2,865
11 years$6,386$5,711$5,099$4,547$4,049$2,322
12 years$5,794$5,125$4,525$3,988$3,509$1,894
13 years$5,293$4,632$4,043$3,521$3,060$1,552
14 years$4,865$4,210$3,633$3,125$2,682$1,277
15 years$4,493$3,846$3,280$2,787$2,362$1,054
16 years$4,169$3,529$2,974$2,496$2,087$872
17 years$3,883$3,250$2,706$2,242$1,851$723
18 years$3,629$3,003$2,470$2,021$1,646$600
19 years$3,402$2,783$2,261$1,826$1,467$499
20 years$3,198$2,586$2,075$1,654$1,310$416
21 years$3,014$2,409$1,909$1,501$1,172$347
22 years$2,847$2,249$1,759$1,365$1,051$289
23 years$2,694$2,103$1,624$1,243$943$241
24 years$2,554$1,971$1,502$1,134$848$202
25 years$2,426$1,849$1,391$1,035$763$168
26 years$2,308$1,738$1,290$947$687$141
27 years$2,199$1,636$1,198$866$620$118
28 years$2,097$1,541$1,114$794$559$98
29 years$2,003$1,454$1,037$728$505$82
30 years$1,915$1,373$966$668$456$69
31 years$1,834$1,298$900$614$412$58
32 years$1,757$1,228$840$564$373$48
33 years$1,685$1,163$784$519$338$40
34 years$1,618$1,102$733$477$306$34
35 years$1,554$1,046$685$439$277$28
36 years$1,495$992$641$404$251$24
37 years$1,438$943$600$373$227$20
38 years$1,385$896$562$344$206$17
39 years$1,334$852$526$317$187$14
40 years$1,286$810$493$292$170$12
41 years$1,241$771$463$270$154$10
42 years$1,198$735$434$249$140$8
43 years$1,157$700$407$230$127$7
44 years$1,118$667$382$212$115$6
45 years$1,081$636$359$196$104$5
46 years$1,045$607$337$181$95$4
47 years$1,012$579$317$167$86$3
48 years$979$553$298$154$78$3
49 years$948$528$280$143$71$2
50 years$919$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $941,000, adding $4,059 every year, while hoping to spend $22,057 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: 43/27/30 Blend
71$941,000$941,000$941,000$941,000
72$1,041,169$991,296$976,710$1,076,681
73$1,123,900$1,016,401$985,962$1,127,719
74$1,214,330$1,041,997$994,784$1,180,605
75$1,313,221$1,068,084$1,003,139$1,237,496
76$1,421,413$1,094,664$1,010,987$1,298,778
77$1,539,829$1,121,734$1,018,287$1,364,876
78$1,669,486$1,149,294$1,024,994$1,436,257
79$1,811,505$1,177,341$1,031,063$1,513,437
80$1,967,120$1,205,872$1,036,445$1,596,986
81$2,137,689$1,234,882$1,041,089$1,687,530
82$2,324,708$1,264,367$1,044,941$1,785,760
83$2,529,827$1,294,319$1,047,944$1,892,437
84$2,754,859$1,324,730$1,050,040$2,008,402
85$3,001,805$1,355,592$1,051,167$2,134,580
86$3,272,866$1,386,894$1,051,258$2,271,991
87$3,570,470$1,418,623$1,050,246$2,421,761
88$3,897,288$1,450,765$1,048,060$2,585,129
89$4,256,264$1,483,306$1,044,623$2,763,463
90$4,650,641$1,516,226$1,039,856$2,958,271
91$5,083,993$1,549,507$1,033,677$3,171,213
92$5,560,254$1,583,127$1,026,000$3,404,123
93$6,083,762$1,617,062$1,016,732$3,659,020
94$6,659,293$1,651,285$1,005,780$3,938,130
95$7,292,109$1,685,767$993,042$4,243,909
96$7,988,011$1,720,476$978,415$4,579,063
97$8,753,386$1,755,377$961,790$4,946,575
98$9,595,273$1,790,432$943,052$5,349,735
99$10,521,427$1,825,600$922,080$5,792,168
100$11,540,393$1,860,835$898,751$6,277,873