Can I retire at age 72 with 635,000?

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 $635,000?

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$52,438$51,971$51,515$51,070$50,636$50,338
2 years$25,959$25,476$25,007$24,553$24,112$23,812
3 years$17,134$16,649$16,181$15,731$15,298$15,004
4 years$12,723$12,239$11,776$11,334$10,911$10,625
5 years$10,076$9,595$9,139$8,705$8,294$8,019
6 years$8,313$7,835$7,385$6,962$6,563$6,298
7 years$7,053$6,580$6,137$5,724$5,337$5,082
8 years$6,110$5,640$5,205$4,801$4,428$4,183
9 years$5,376$4,911$4,483$4,090$3,729$3,494
10 years$4,789$4,329$3,908$3,525$3,177$2,953
11 years$4,309$3,854$3,441$3,068$2,732$2,518
12 years$3,910$3,459$3,054$2,691$2,368$2,163
13 years$3,572$3,126$2,728$2,376$2,065$1,870
14 years$3,283$2,841$2,451$2,109$1,810$1,624
15 years$3,032$2,595$2,213$1,881$1,594$1,417
16 years$2,813$2,381$2,007$1,684$1,409$1,241
17 years$2,620$2,193$1,826$1,513$1,249$1,090
18 years$2,449$2,027$1,667$1,364$1,110$959
19 years$2,296$1,878$1,526$1,232$990$847
20 years$2,158$1,745$1,400$1,116$884$749
21 years$2,034$1,626$1,288$1,013$791$663
22 years$1,921$1,517$1,187$921$709$588
23 years$1,818$1,419$1,096$839$637$523
24 years$1,724$1,330$1,014$765$572$465
25 years$1,637$1,248$939$699$515$414
26 years$1,557$1,173$871$639$464$369
27 years$1,484$1,104$809$585$418$329
28 years$1,415$1,040$752$536$377$294
29 years$1,352$981$700$491$341$262
30 years$1,293$927$652$451$308$234
31 years$1,237$876$607$414$278$209
32 years$1,186$829$567$381$252$187
33 years$1,137$785$529$350$228$168
34 years$1,092$744$494$322$206$150
35 years$1,049$706$462$296$187$134
36 years$1,009$670$432$273$169$120
37 years$970$636$405$251$153$108
38 years$934$605$379$232$139$96
39 years$900$575$355$214$126$86
40 years$868$547$333$197$114$77
41 years$838$521$312$182$104$69
42 years$808$496$293$168$94$62
43 years$781$472$275$155$85$56
44 years$754$450$258$143$78$50
45 years$729$429$242$132$70$45
46 years$705$410$227$122$64$40
47 years$683$391$214$113$58$36
48 years$661$373$201$104$53$32
49 years$640$356$189$96$48$29
50 years$620$340$177$89$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $635,000, adding $3,123 every year, while hoping to spend $35,850 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: 25/49/26 Blend
71$635,000$635,000$635,000$635,000
72$702,991$669,336$659,494$714,745
73$736,552$663,990$643,443$719,338
74$772,335$657,180$625,652$720,985
75$810,528$648,796$606,027$721,997
76$851,339$638,724$584,465$722,343
77$894,993$626,839$560,863$721,996
78$941,740$613,012$535,109$720,926
79$991,852$597,104$507,090$719,108
80$1,045,628$578,969$476,684$716,516
81$1,103,396$558,453$443,768$713,127
82$1,165,517$535,392$408,208$708,922
83$1,232,386$509,612$369,869$703,884
84$1,304,437$480,931$328,608$697,999
85$1,382,147$449,154$284,274$691,260
86$1,466,040$414,076$236,711$683,664
87$1,556,692$375,482$185,757$675,213
88$1,654,736$333,142$131,241$665,920
89$1,760,867$286,814$72,985$655,804
90$1,875,850$236,242$10,805$644,893
91$2,000,525$181,157$0$633,230
92$2,135,818$121,272$0$636,280
93$2,282,744$56,288$0$642,899
94$2,442,423$0$0$650,232
95$2,616,084$0$0$666,056
96$2,805,081$0$0$716,403
97$3,010,905$0$0$771,330
98$3,235,192$0$0$831,289
99$3,479,749$0$0$896,774
100$3,746,559$0$0$968,331