Can I retire at age 72 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$53,016$52,544$52,083$51,633$51,194$50,243
2 years$26,245$25,757$25,283$24,824$24,378$23,423
3 years$17,323$16,832$16,360$15,905$15,466$14,538
4 years$12,863$12,373$11,906$11,458$11,031$10,135
5 years$10,187$9,701$9,239$8,801$8,385$7,526
6 years$8,404$7,922$7,467$7,038$6,635$5,812
7 years$7,131$6,653$6,205$5,787$5,396$4,611
8 years$6,177$5,702$5,262$4,854$4,477$3,728
9 years$5,435$4,965$4,532$4,135$3,770$3,058
10 years$4,842$4,376$3,951$3,564$3,212$2,536
11 years$4,357$3,896$3,479$3,102$2,763$2,121
12 years$3,953$3,497$3,087$2,721$2,394$1,787
13 years$3,611$3,160$2,758$2,402$2,088$1,513
14 years$3,319$2,873$2,478$2,132$1,830$1,288
15 years$3,066$2,624$2,238$1,902$1,611$1,100
16 years$2,844$2,408$2,029$1,703$1,424$943
17 years$2,649$2,217$1,846$1,530$1,263$810
18 years$2,476$2,049$1,685$1,379$1,123$698
19 years$2,321$1,899$1,543$1,246$1,001$602
20 years$2,182$1,765$1,416$1,128$894$520
21 years$2,056$1,644$1,302$1,024$800$450
22 years$1,942$1,534$1,200$931$717$390
23 years$1,838$1,435$1,108$848$644$339
24 years$1,743$1,344$1,025$773$578$294
25 years$1,655$1,262$949$706$521$255
26 years$1,575$1,186$880$646$469$222
27 years$1,500$1,116$818$591$423$193
28 years$1,431$1,052$760$542$381$168
29 years$1,367$992$707$497$344$146
30 years$1,307$937$659$456$311$128
31 years$1,251$886$614$419$281$111
32 years$1,199$838$573$385$255$97
33 years$1,150$794$535$354$230$85
34 years$1,104$752$500$326$209$74
35 years$1,060$713$467$300$189$64
36 years$1,020$677$437$276$171$56
37 years$981$643$409$254$155$49
38 years$945$611$383$234$141$43
39 years$910$581$359$216$128$37
40 years$878$553$337$199$116$33
41 years$847$526$316$184$105$28
42 years$817$501$296$170$95$25
43 years$789$478$278$157$86$22
44 years$763$455$261$145$78$19
45 years$737$434$245$134$71$16
46 years$713$414$230$123$65$14
47 years$690$395$216$114$59$13
48 years$668$377$203$105$53$11
49 years$647$360$191$97$48$10
50 years$627$344$179$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $642,000, adding $5,114 every year, while hoping to spend $22,444 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: 56/15/29 Blend
71$642,000$642,000$642,000$642,000
72$712,759$678,733$668,782$746,709
73$761,580$688,111$667,306$780,034
74$814,629$697,196$665,028$813,574
75$872,313$705,950$661,898$849,669
76$935,080$714,333$657,863$888,573
77$1,003,424$722,301$652,867$930,567
78$1,077,887$729,808$646,852$975,961
79$1,159,067$736,804$639,758$1,025,098
80$1,247,622$743,237$631,519$1,078,357
81$1,344,274$749,050$622,070$1,136,156
82$1,449,821$754,185$611,340$1,198,954
83$1,565,139$758,576$599,257$1,267,263
84$1,691,194$762,157$585,743$1,341,643
85$1,829,049$764,856$570,718$1,422,715
86$1,979,873$766,595$554,098$1,511,166
87$2,144,955$767,294$535,796$1,607,749
88$2,325,715$766,865$515,719$1,713,301
89$2,523,715$765,218$493,772$1,828,743
90$2,740,674$762,255$469,855$1,955,090
91$2,978,490$757,872$443,861$2,093,465
92$3,239,248$751,959$415,683$2,245,105
93$3,525,247$744,401$385,204$2,411,377
94$3,839,019$735,074$352,305$2,593,788
95$4,183,353$723,847$316,862$2,794,001
96$4,561,321$710,582$278,743$3,013,851
97$4,976,307$695,131$237,812$3,255,362
98$5,432,038$677,340$193,926$3,520,768
99$5,932,620$657,044$146,937$3,812,531
100$6,482,577$634,068$96,688$4,133,370