Can I retire at age 72 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$79,689$78,979$78,286$77,610$76,950$76,498
2 years$39,450$38,715$38,003$37,313$36,643$36,186
3 years$26,039$25,301$24,591$23,907$23,248$22,801
4 years$19,334$18,599$17,896$17,223$16,581$16,147
5 years$15,313$14,582$13,888$13,229$12,604$12,186
6 years$12,633$11,907$11,223$10,580$9,973$9,570
7 years$10,719$9,999$9,327$8,698$8,111$7,724
8 years$9,285$8,571$7,910$7,297$6,729$6,357
9 years$8,169$7,463$6,813$6,215$5,667$5,310
10 years$7,278$6,578$5,939$5,357$4,828$4,487
11 years$6,549$5,856$5,229$4,663$4,152$3,827
12 years$5,942$5,256$4,641$4,090$3,598$3,287
13 years$5,428$4,750$4,146$3,611$3,138$2,841
14 years$4,989$4,318$3,725$3,205$2,751$2,468
15 years$4,608$3,944$3,363$2,858$2,422$2,153
16 years$4,275$3,619$3,049$2,559$2,141$1,885
17 years$3,982$3,333$2,775$2,300$1,898$1,656
18 years$3,722$3,080$2,533$2,072$1,688$1,458
19 years$3,489$2,854$2,319$1,873$1,504$1,287
20 years$3,280$2,652$2,128$1,696$1,344$1,138
21 years$3,091$2,470$1,958$1,539$1,202$1,008
22 years$2,919$2,306$1,804$1,399$1,078$894
23 years$2,763$2,157$1,666$1,275$967$794
24 years$2,619$2,021$1,541$1,162$870$707
25 years$2,488$1,896$1,427$1,062$782$629
26 years$2,367$1,782$1,323$971$705$561
27 years$2,255$1,677$1,229$888$635$500
28 years$2,151$1,581$1,142$814$573$446
29 years$2,054$1,491$1,063$746$518$398
30 years$1,964$1,408$990$685$468$356
31 years$1,880$1,331$923$629$423$318
32 years$1,802$1,260$861$578$383$285
33 years$1,728$1,193$804$532$346$255
34 years$1,659$1,131$751$489$313$228
35 years$1,594$1,072$703$450$284$204
36 years$1,533$1,018$657$415$257$183
37 years$1,475$967$615$382$233$164
38 years$1,420$919$576$352$211$147
39 years$1,368$874$540$325$192$131
40 years$1,319$831$506$300$174$118
41 years$1,273$791$474$276$158$106
42 years$1,229$753$445$255$143$95
43 years$1,187$718$418$235$130$85
44 years$1,147$684$392$217$118$76
45 years$1,108$653$368$201$107$68
46 years$1,072$623$346$185$97$61
47 years$1,037$594$325$171$88$55
48 years$1,004$567$305$158$80$49
49 years$973$542$287$146$73$44
50 years$942$517$270$135$66$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $965,000, adding $3,877 every year, while hoping to spend $52,450 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: 56/38/6 Blend
71$965,000$965,000$965,000$965,000
72$1,067,429$1,016,284$1,001,327$1,125,624
73$1,120,501$1,010,276$979,065$1,159,250
74$1,177,227$1,002,215$954,299$1,189,645
75$1,237,927$991,946$926,890$1,221,452
76$1,302,947$979,303$896,693$1,254,811
77$1,372,671$964,112$863,555$1,289,878
78$1,447,516$946,186$827,317$1,326,828
79$1,527,942$925,329$787,812$1,365,857
80$1,614,455$901,332$744,866$1,407,182
81$1,707,608$873,976$698,298$1,451,045
82$1,808,009$843,026$647,916$1,497,719
83$1,916,327$808,236$593,522$1,547,504
84$2,033,297$769,344$534,910$1,600,737
85$2,159,725$726,074$471,861$1,657,792
86$2,296,498$678,132$404,150$1,719,087
87$2,444,592$625,211$331,539$1,785,085
88$2,605,077$566,983$253,782$1,856,302
89$2,779,132$503,103$170,622$1,933,312
90$2,968,054$433,205$81,788$2,016,752
91$3,173,267$356,904$0$2,107,332
92$3,396,340$273,792$0$2,206,672
93$3,638,997$183,439$0$2,320,454
94$3,903,137$85,389$0$2,444,426
95$4,190,847$0$0$2,579,688
96$4,504,426$0$0$2,736,166
97$4,846,403$0$0$2,945,833
98$5,219,560$0$0$3,174,699
99$5,626,963$0$0$3,424,654
100$6,071,983$0$0$3,697,778