Can I retire at age 72 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$78,120$77,424$76,745$76,082$75,435$74,033
2 years$38,673$37,953$37,255$36,578$35,922$34,514
3 years$25,526$24,803$24,106$23,436$22,790$21,422
4 years$18,954$18,233$17,543$16,884$16,254$14,935
5 years$15,011$14,295$13,614$12,969$12,356$11,090
6 years$12,384$11,673$11,002$10,371$9,777$8,565
7 years$10,508$9,803$9,143$8,527$7,951$6,794
8 years$9,102$8,403$7,754$7,153$6,596$5,493
9 years$8,008$7,316$6,679$6,093$5,555$4,506
10 years$7,134$6,449$5,822$5,252$4,733$3,736
11 years$6,420$5,741$5,126$4,571$4,071$3,125
12 years$5,825$5,153$4,549$4,009$3,528$2,633
13 years$5,321$4,657$4,064$3,539$3,076$2,230
14 years$4,890$4,233$3,652$3,142$2,697$1,898
15 years$4,517$3,867$3,297$2,802$2,374$1,621
16 years$4,191$3,548$2,989$2,509$2,098$1,389
17 years$3,904$3,267$2,720$2,254$1,861$1,194
18 years$3,648$3,019$2,483$2,032$1,654$1,028
19 years$3,420$2,798$2,273$1,836$1,475$887
20 years$3,215$2,600$2,086$1,663$1,317$767
21 years$3,030$2,422$1,919$1,509$1,179$664
22 years$2,862$2,261$1,769$1,372$1,056$575
23 years$2,708$2,114$1,633$1,249$948$499
24 years$2,568$1,981$1,510$1,140$852$433
25 years$2,439$1,859$1,399$1,041$767$376
26 years$2,320$1,747$1,297$952$691$327
27 years$2,210$1,644$1,205$871$623$285
28 years$2,108$1,549$1,120$798$562$248
29 years$2,014$1,462$1,042$732$508$216
30 years$1,926$1,380$971$672$459$188
31 years$1,843$1,305$905$617$415$164
32 years$1,766$1,235$844$567$375$143
33 years$1,694$1,169$788$521$339$125
34 years$1,626$1,108$737$480$307$109
35 years$1,563$1,051$689$442$278$95
36 years$1,502$998$644$407$252$83
37 years$1,446$948$603$375$229$72
38 years$1,392$901$565$345$207$63
39 years$1,341$856$529$318$188$55
40 years$1,293$815$496$294$170$48
41 years$1,248$776$465$271$155$42
42 years$1,204$739$436$250$140$37
43 years$1,163$704$409$231$127$32
44 years$1,124$671$384$213$116$28
45 years$1,087$640$361$197$105$24
46 years$1,051$610$339$182$95$21
47 years$1,017$582$318$168$87$19
48 years$984$556$299$155$79$16
49 years$953$531$281$143$71$14
50 years$924$507$264$133$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $946,000, adding $2,897 every year, while hoping to spend $20,420 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: 47/39/14 Blend
71$946,000$946,000$946,000$946,000
72$1,045,480$995,342$980,679$1,090,381
73$1,130,393$1,022,387$991,805$1,148,807
74$1,223,281$1,050,073$1,002,620$1,209,859
75$1,324,939$1,078,410$1,013,090$1,275,670
76$1,436,238$1,107,407$1,023,184$1,346,691
77$1,558,137$1,137,073$1,032,864$1,423,419
78$1,691,696$1,167,418$1,042,094$1,506,400
79$1,838,079$1,198,452$1,050,833$1,596,236
80$1,998,568$1,230,181$1,059,042$1,693,587
81$2,174,577$1,262,615$1,066,675$1,799,184
82$2,367,662$1,295,761$1,073,686$1,913,828
83$2,579,537$1,329,626$1,080,027$2,038,403
84$2,812,089$1,364,218$1,085,648$2,173,883
85$3,067,399$1,399,542$1,090,495$2,321,340
86$3,347,758$1,435,603$1,094,510$2,481,955
87$3,655,690$1,472,408$1,097,636$2,657,028
88$3,993,974$1,509,959$1,099,811$2,847,992
89$4,365,672$1,548,261$1,100,968$3,056,425
90$4,774,161$1,587,315$1,101,040$3,284,066
91$5,223,155$1,627,124$1,099,955$3,532,830
92$5,716,751$1,667,687$1,097,637$3,804,828
93$6,259,460$1,709,004$1,094,008$4,102,385
94$6,856,252$1,751,072$1,088,985$4,428,063
95$7,512,605$1,793,890$1,082,481$4,784,685
96$8,234,551$1,837,452$1,074,405$5,175,360
97$9,028,740$1,881,751$1,064,662$5,603,516
98$9,902,495$1,926,780$1,053,152$6,072,928
99$10,863,887$1,972,530$1,039,770$6,587,759
100$11,921,808$2,018,989$1,024,407$7,152,592