Can I retire at age 72 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$52,107$51,643$51,190$50,748$50,317$49,565
2 years$25,796$25,315$24,850$24,398$23,960$23,205
3 years$17,026$16,544$16,079$15,632$15,201$14,465
4 years$12,642$12,161$11,702$11,262$10,842$10,131
5 years$10,013$9,535$9,081$8,650$8,242$7,558
6 years$8,260$7,786$7,339$6,918$6,521$5,866
7 years$7,009$6,539$6,099$5,687$5,304$4,676
8 years$6,071$5,605$5,172$4,771$4,400$3,801
9 years$5,342$4,880$4,455$4,064$3,705$3,134
10 years$4,759$4,301$3,884$3,503$3,157$2,614
11 years$4,282$3,829$3,419$3,049$2,715$2,199
12 years$3,885$3,437$3,034$2,674$2,353$1,863
13 years$3,549$3,106$2,711$2,361$2,052$1,587
14 years$3,262$2,823$2,436$2,096$1,799$1,359
15 years$3,013$2,579$2,199$1,869$1,584$1,168
16 years$2,796$2,366$1,994$1,674$1,400$1,007
17 years$2,604$2,179$1,814$1,504$1,241$871
18 years$2,434$2,014$1,656$1,355$1,103$755
19 years$2,281$1,866$1,516$1,224$984$656
20 years$2,145$1,734$1,392$1,109$879$571
21 years$2,021$1,615$1,280$1,006$786$497
22 years$1,909$1,508$1,180$915$705$434
23 years$1,806$1,410$1,089$833$633$379
24 years$1,713$1,321$1,007$760$569$331
25 years$1,627$1,240$933$694$512$290
26 years$1,548$1,165$865$635$461$254
27 years$1,474$1,097$804$581$415$223
28 years$1,406$1,034$747$532$375$195
29 years$1,343$975$695$488$339$171
30 years$1,284$921$648$448$306$150
31 years$1,230$870$604$411$277$132
32 years$1,178$824$563$378$250$116
33 years$1,130$780$526$348$226$102
34 years$1,085$739$491$320$205$89
35 years$1,042$701$459$295$186$79
36 years$1,002$666$430$271$168$69
37 years$964$632$402$250$152$61
38 years$929$601$377$230$138$53
39 years$895$571$353$212$125$47
40 years$863$543$331$196$114$41
41 years$832$517$310$181$103$36
42 years$803$493$291$167$94$32
43 years$776$469$273$154$85$28
44 years$750$447$256$142$77$25
45 years$725$427$241$131$70$22
46 years$701$407$226$121$64$19
47 years$678$388$212$112$58$17
48 years$657$371$200$104$52$15
49 years$636$354$188$96$48$13
50 years$616$338$176$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $631,000, adding $6,591 every year, while hoping to spend $50,722 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: 28/44/28 Blend
71$631,000$631,000$631,000$631,000
72$702,161$668,718$658,937$715,591
73$719,813$647,517$627,044$705,638
74$737,566$623,577$592,382$690,138
75$755,377$596,711$554,805$672,463
76$773,195$566,720$514,161$652,465
77$790,965$533,394$470,290$629,981
78$808,623$496,510$423,024$604,842
79$826,097$455,833$372,190$576,867
80$843,306$411,116$317,605$545,863
81$860,158$362,095$259,079$511,627
82$876,550$308,493$196,414$473,940
83$892,366$250,018$129,403$432,572
84$907,478$186,360$57,828$387,279
85$921,740$117,191$0$337,798
86$934,991$42,166$0$289,396
87$947,048$0$0$255,032
88$957,712$0$0$236,092
89$966,756$0$0$237,011
90$973,930$0$0$237,294
91$978,956$0$0$236,853
92$981,523$0$0$235,591
93$981,288$0$0$233,400
94$977,868$0$0$230,159
95$970,838$0$0$225,735
96$959,729$0$0$219,982
97$944,016$0$0$212,735
98$923,123$0$0$203,813
99$896,406$0$0$193,018
100$863,158$0$0$180,126