Can I retire at age 72 with 632,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$52,190$51,725$51,272$50,829$50,397$50,121
2 years$25,837$25,355$24,889$24,437$23,998$23,720
3 years$17,053$16,570$16,105$15,657$15,226$14,954
4 years$12,663$12,181$11,720$11,280$10,859$10,595
5 years$10,029$9,550$9,095$8,664$8,255$8,000
6 years$8,273$7,798$7,350$6,929$6,532$6,286
7 years$7,020$6,549$6,108$5,697$5,312$5,076
8 years$6,081$5,614$5,180$4,779$4,407$4,180
9 years$5,350$4,888$4,462$4,070$3,711$3,494
10 years$4,766$4,308$3,890$3,509$3,162$2,954
11 years$4,289$3,835$3,425$3,054$2,720$2,521
12 years$3,891$3,442$3,039$2,678$2,357$2,167
13 years$3,555$3,111$2,715$2,365$2,055$1,874
14 years$3,267$2,828$2,440$2,099$1,801$1,629
15 years$3,018$2,583$2,203$1,872$1,586$1,422
16 years$2,800$2,370$1,997$1,676$1,402$1,246
17 years$2,608$2,183$1,817$1,506$1,243$1,095
18 years$2,437$2,017$1,659$1,357$1,105$965
19 years$2,285$1,869$1,519$1,226$985$852
20 years$2,148$1,737$1,394$1,111$880$754
21 years$2,024$1,618$1,282$1,008$787$669
22 years$1,912$1,510$1,182$917$706$594
23 years$1,809$1,413$1,091$835$634$528
24 years$1,716$1,323$1,009$761$569$470
25 years$1,629$1,242$935$695$512$418
26 years$1,550$1,167$867$636$462$373
27 years$1,477$1,099$805$582$416$333
28 years$1,409$1,035$748$533$376$297
29 years$1,345$977$696$489$339$266
30 years$1,286$922$649$449$306$238
31 years$1,231$872$605$412$277$213
32 years$1,180$825$564$379$251$190
33 years$1,132$781$527$348$227$170
34 years$1,087$740$492$320$205$153
35 years$1,044$702$460$295$186$137
36 years$1,004$667$430$272$168$123
37 years$966$633$403$250$153$110
38 years$930$602$377$231$138$99
39 years$896$572$353$213$126$88
40 years$864$544$331$196$114$79
41 years$834$518$311$181$103$71
42 years$805$493$291$167$94$64
43 years$777$470$273$154$85$57
44 years$751$448$257$142$77$51
45 years$726$427$241$132$70$46
46 years$702$408$226$121$64$41
47 years$679$389$213$112$58$37
48 years$658$371$200$104$52$33
49 years$637$355$188$96$48$30
50 years$617$339$177$89$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $632,000, adding $4,954 every year, while hoping to spend $41,917 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: 61/9/30 Blend
71$632,000$632,000$632,000$632,000
72$701,574$668,078$658,282$738,394
73$728,535$656,215$635,735$752,219
74$756,842$642,365$611,028$762,387
75$786,586$626,387$584,044$772,618
76$817,870$608,132$554,661$782,928
77$850,802$587,441$522,753$793,338
78$885,504$564,145$488,184$803,869
79$922,104$538,067$450,817$814,551
80$960,746$509,019$410,507$825,416
81$1,001,583$476,802$367,100$836,501
82$1,044,785$441,206$320,439$847,853
83$1,090,537$402,009$270,357$859,522
84$1,139,039$358,975$216,682$871,568
85$1,190,513$311,857$159,232$884,061
86$1,245,199$260,391$97,820$897,078
87$1,303,360$204,301$32,248$910,711
88$1,365,285$143,294$0$925,060
89$1,431,289$77,061$0$952,321
90$1,501,718$5,274$0$992,349
91$1,576,951$0$0$1,035,032
92$1,657,402$0$0$1,087,786
93$1,743,527$0$0$1,144,851
94$1,835,824$0$0$1,206,039
95$1,934,841$0$0$1,271,717
96$2,041,178$0$0$1,342,287
97$2,155,495$0$0$1,418,194
98$2,278,514$0$0$1,499,920
99$2,411,031$0$0$1,588,001
100$2,553,918$0$0$1,683,021