Can I retire at age 72 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$52,685$52,216$51,758$51,311$50,875$50,661
2 years$26,082$25,596$25,125$24,669$24,226$24,010
3 years$17,215$16,727$16,258$15,806$15,370$15,158
4 years$12,783$12,296$11,832$11,387$10,962$10,757
5 years$10,124$9,641$9,182$8,746$8,333$8,135
6 years$8,352$7,872$7,420$6,995$6,594$6,402
7 years$7,087$6,611$6,166$5,751$5,363$5,178
8 years$6,138$5,667$5,229$4,824$4,449$4,272
9 years$5,401$4,934$4,504$4,109$3,746$3,577
10 years$4,812$4,349$3,927$3,542$3,192$3,030
11 years$4,330$3,872$3,457$3,083$2,745$2,590
12 years$3,928$3,475$3,068$2,704$2,379$2,230
13 years$3,589$3,140$2,741$2,387$2,075$1,933
14 years$3,298$2,855$2,463$2,119$1,819$1,683
15 years$3,047$2,608$2,224$1,890$1,601$1,472
16 years$2,827$2,393$2,016$1,692$1,415$1,293
17 years$2,633$2,203$1,835$1,520$1,255$1,138
18 years$2,461$2,036$1,675$1,370$1,116$1,005
19 years$2,307$1,887$1,533$1,238$994$890
20 years$2,168$1,754$1,407$1,121$888$789
21 years$2,043$1,633$1,294$1,018$795$701
22 years$1,930$1,525$1,193$925$713$624
23 years$1,827$1,426$1,101$843$640$556
24 years$1,732$1,336$1,019$769$575$496
25 years$1,645$1,254$943$702$517$443
26 years$1,565$1,178$875$642$466$396
27 years$1,491$1,109$812$587$420$354
28 years$1,422$1,045$755$538$379$317
29 years$1,358$986$703$494$342$284
30 years$1,299$931$655$453$309$255
31 years$1,243$880$610$416$280$228
32 years$1,191$833$569$382$253$205
33 years$1,143$789$532$352$229$184
34 years$1,097$747$497$323$207$165
35 years$1,054$709$464$298$188$148
36 years$1,013$673$435$274$170$133
37 years$975$639$407$253$154$120
38 years$939$607$381$233$140$108
39 years$905$578$357$215$127$97
40 years$872$549$334$198$115$87
41 years$841$523$314$183$104$78
42 years$812$498$294$169$95$70
43 years$784$475$276$156$86$63
44 years$758$452$259$144$78$57
45 years$733$431$243$133$71$51
46 years$709$412$229$123$64$46
47 years$686$393$215$113$58$42
48 years$664$375$202$105$53$37
49 years$643$358$190$97$48$34
50 years$623$342$178$89$44$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $638,000, adding $5,205 every year, while hoping to spend $24,954 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: 70/19/11 Blend
71$638,000$638,000$638,000$638,000
72$708,445$674,631$664,742$756,073
73$754,155$681,137$660,460$794,838
74$803,692$687,126$655,198$833,717
75$857,419$692,545$648,897$875,598
76$915,736$697,340$641,496$920,773
77$979,083$701,452$632,928$969,562
78$1,047,945$704,818$623,127$1,022,319
79$1,122,854$707,373$612,020$1,079,433
80$1,204,397$709,046$599,534$1,141,334
81$1,293,218$709,761$585,591$1,208,495
82$1,390,026$709,440$570,109$1,281,440
83$1,495,604$707,998$553,002$1,360,743
84$1,610,810$705,344$534,182$1,447,041
85$1,736,590$701,384$513,555$1,541,033
86$1,873,987$696,016$491,024$1,643,492
87$2,024,147$689,134$466,486$1,755,269
88$2,188,331$680,623$439,835$1,877,304
89$2,367,931$670,363$410,959$2,010,632
90$2,564,476$658,227$379,743$2,156,396
91$2,779,652$644,080$346,063$2,315,853
92$3,015,314$627,777$309,794$2,490,394
93$3,273,506$609,168$270,802$2,681,549
94$3,556,479$588,092$228,949$2,891,006
95$3,866,710$564,380$184,090$3,120,628
96$4,206,931$537,850$136,073$3,372,467
97$4,580,147$508,314$84,740$3,648,788
98$4,989,670$475,570$29,928$3,952,085
99$5,439,149$439,406$0$4,285,112
100$5,932,602$399,596$0$4,654,256