Can I retire at age 72 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,777$51,316$50,866$50,427$49,998$49,745
2 years$25,632$25,155$24,692$24,244$23,809$23,554
3 years$16,918$16,439$15,977$15,533$15,105$14,856
4 years$12,562$12,084$11,628$11,191$10,773$10,531
5 years$9,949$9,474$9,023$8,596$8,190$7,956
6 years$8,208$7,736$7,292$6,874$6,480$6,255
7 years$6,965$6,497$6,060$5,651$5,270$5,054
8 years$6,033$5,569$5,139$4,741$4,372$4,164
9 years$5,308$4,849$4,426$4,038$3,682$3,483
10 years$4,729$4,274$3,859$3,481$3,137$2,946
11 years$4,255$3,805$3,397$3,029$2,698$2,516
12 years$3,860$3,415$3,015$2,657$2,338$2,164
13 years$3,527$3,086$2,694$2,346$2,039$1,873
14 years$3,241$2,805$2,420$2,082$1,787$1,629
15 years$2,994$2,563$2,185$1,857$1,574$1,423
16 years$2,778$2,351$1,981$1,663$1,391$1,248
17 years$2,587$2,165$1,803$1,494$1,233$1,097
18 years$2,418$2,001$1,646$1,346$1,096$967
19 years$2,267$1,854$1,507$1,217$977$855
20 years$2,131$1,723$1,383$1,102$873$757
21 years$2,008$1,605$1,272$1,000$781$672
22 years$1,897$1,498$1,172$909$700$597
23 years$1,795$1,401$1,082$828$629$531
24 years$1,702$1,313$1,001$755$565$473
25 years$1,617$1,232$927$690$508$422
26 years$1,538$1,158$860$631$458$376
27 years$1,465$1,090$798$577$413$336
28 years$1,397$1,027$742$529$373$301
29 years$1,335$969$691$485$336$269
30 years$1,276$915$643$445$304$241
31 years$1,222$865$600$409$275$215
32 years$1,171$818$560$376$249$193
33 years$1,123$775$523$346$225$173
34 years$1,078$735$488$318$204$155
35 years$1,036$697$456$293$184$139
36 years$996$661$427$270$167$125
37 years$958$628$400$248$151$112
38 years$923$597$374$229$137$100
39 years$889$568$351$211$125$90
40 years$857$540$329$195$113$81
41 years$827$514$308$180$102$73
42 years$798$490$289$166$93$65
43 years$771$466$271$153$84$59
44 years$745$445$255$141$77$53
45 years$720$424$239$130$70$47
46 years$697$404$225$121$63$43
47 years$674$386$211$111$57$38
48 years$652$368$198$103$52$34
49 years$632$352$186$95$47$31
50 years$612$336$175$88$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $627,000, adding $4,070 every year, while hoping to spend $42,122 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: 47/40/13 Blend
71$627,000$627,000$627,000$627,000
72$695,152$661,921$652,203$725,114
73$721,240$649,538$629,234$733,868
74$748,578$635,136$604,084$738,707
75$777,247$618,572$576,635$743,022
76$807,339$599,695$546,765$746,782
77$838,950$578,343$514,345$749,951
78$872,188$554,346$479,240$752,496
79$907,167$527,526$441,311$754,382
80$944,014$497,690$400,411$755,574
81$982,865$464,639$356,386$756,040
82$1,023,870$428,158$309,078$755,744
83$1,067,191$388,024$258,318$754,656
84$1,113,006$343,999$203,933$752,743
85$1,161,507$295,830$145,740$749,977
86$1,212,908$243,253$83,549$746,330
87$1,267,439$185,986$17,162$741,777
88$1,325,353$123,734$0$736,298
89$1,386,926$56,184$0$737,321
90$1,452,460$0$0$740,414
91$1,522,287$0$0$750,697
92$1,596,770$0$0$788,085
93$1,676,304$0$0$828,052
94$1,761,326$0$0$870,823
95$1,852,313$0$0$916,643
96$1,949,787$0$0$965,783
97$2,054,323$0$0$1,018,537
98$2,166,549$0$0$1,075,231
99$2,287,157$0$0$1,136,221
100$2,416,905$0$0$1,201,898