Can I retire at age 72 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$81,258$80,534$79,828$79,139$78,466$77,582
2 years$40,227$39,477$38,751$38,047$37,365$36,475
3 years$26,551$25,799$25,075$24,377$23,706$22,837
4 years$19,715$18,965$18,248$17,562$16,907$16,067
5 years$15,614$14,869$14,161$13,490$12,852$12,043
6 years$12,881$12,141$11,444$10,788$10,170$9,393
7 years$10,930$10,196$9,510$8,869$8,271$7,526
8 years$9,467$8,740$8,065$7,440$6,861$6,148
9 years$8,330$7,610$6,947$6,337$5,778$5,097
10 years$7,421$6,708$6,056$5,463$4,923$4,274
11 years$6,678$5,972$5,332$4,754$4,234$3,615
12 years$6,059$5,360$4,732$4,170$3,669$3,081
13 years$5,535$4,844$4,228$3,682$3,200$2,640
14 years$5,087$4,403$3,799$3,268$2,805$2,274
15 years$4,699$4,022$3,430$2,915$2,470$1,967
16 years$4,359$3,690$3,109$2,610$2,183$1,707
17 years$4,060$3,398$2,829$2,345$1,935$1,485
18 years$3,795$3,140$2,583$2,113$1,721$1,296
19 years$3,558$2,910$2,365$1,909$1,534$1,133
20 years$3,344$2,704$2,170$1,729$1,370$993
21 years$3,152$2,519$1,996$1,569$1,226$871
22 years$2,977$2,351$1,840$1,427$1,099$765
23 years$2,817$2,199$1,699$1,300$986$673
24 years$2,671$2,061$1,571$1,185$887$593
25 years$2,537$1,934$1,455$1,083$798$522
26 years$2,413$1,817$1,349$990$719$461
27 years$2,299$1,710$1,253$906$648$407
28 years$2,193$1,612$1,165$830$585$359
29 years$2,095$1,520$1,084$761$528$317
30 years$2,003$1,436$1,010$699$477$281
31 years$1,917$1,357$941$642$431$248
32 years$1,837$1,284$878$590$390$220
33 years$1,762$1,216$820$542$353$194
34 years$1,692$1,153$766$499$320$172
35 years$1,625$1,093$716$459$290$152
36 years$1,563$1,038$670$423$262$135
37 years$1,504$986$627$390$238$120
38 years$1,448$937$587$359$216$106
39 years$1,395$891$550$331$195$94
40 years$1,345$847$516$305$177$83
41 years$1,298$807$484$282$161$74
42 years$1,253$768$454$260$146$65
43 years$1,210$732$426$240$132$58
44 years$1,169$698$400$222$120$51
45 years$1,130$665$375$205$109$46
46 years$1,093$635$352$189$99$40
47 years$1,058$606$331$175$90$36
48 years$1,024$578$311$161$82$32
49 years$992$552$292$149$74$28
50 years$961$528$275$138$67$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $984,000, adding $5,472 every year, while hoping to spend $53,346 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: 47/23/30 Blend
71$984,000$984,000$984,000$984,000
72$1,090,012$1,037,860$1,022,608$1,131,634
73$1,144,434$1,031,956$1,000,106$1,155,742
74$1,202,618$1,023,974$975,062$1,176,311
75$1,264,894$1,013,757$947,335$1,197,632
76$1,331,619$1,001,137$916,776$1,219,804
77$1,403,187$985,936$883,231$1,242,940
78$1,480,032$967,966$846,539$1,267,169
79$1,562,626$947,028$806,530$1,292,636
80$1,651,492$922,910$763,026$1,319,505
81$1,747,201$895,389$715,844$1,347,962
82$1,850,381$864,228$664,790$1,378,214
83$1,961,721$829,177$609,662$1,410,496
84$2,081,980$789,970$550,249$1,445,071
85$2,211,990$746,327$486,331$1,482,235
86$2,352,668$697,952$417,678$1,522,320
87$2,505,019$644,530$344,049$1,565,696
88$2,670,149$585,731$265,193$1,612,779
89$2,849,276$521,203$180,849$1,664,034
90$3,043,737$450,577$90,742$1,719,979
91$3,255,004$373,461$0$1,781,194
92$3,484,696$289,442$0$1,850,060
93$3,734,593$198,083$0$1,956,673
94$4,006,655$98,922$0$2,072,860
95$4,303,038$0$0$2,199,618
96$4,626,114$0$0$2,340,211
97$4,978,496$0$0$2,520,965
98$5,363,057$0$0$2,718,330
99$5,782,961$0$0$2,933,944
100$6,241,691$0$0$3,169,608