Can I retire at age 72 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$53,181$52,707$52,245$51,794$51,353$50,987
2 years$26,327$25,837$25,362$24,901$24,454$24,085
3 years$17,377$16,885$16,411$15,954$15,515$15,154
4 years$12,903$12,412$11,943$11,494$11,065$10,715
5 years$10,219$9,731$9,268$8,829$8,412$8,074
6 years$8,431$7,946$7,490$7,060$6,656$6,331
7 years$7,153$6,673$6,224$5,805$5,413$5,101
8 years$6,196$5,720$5,279$4,869$4,491$4,191
9 years$5,452$4,980$4,546$4,148$3,782$3,495
10 years$4,857$4,390$3,964$3,575$3,222$2,948
11 years$4,370$3,908$3,490$3,112$2,771$2,509
12 years$3,965$3,508$3,097$2,729$2,401$2,152
13 years$3,623$3,170$2,767$2,410$2,094$1,856
14 years$3,329$2,881$2,486$2,139$1,836$1,609
15 years$3,075$2,632$2,245$1,908$1,616$1,401
16 years$2,853$2,415$2,035$1,708$1,428$1,224
17 years$2,657$2,224$1,852$1,535$1,267$1,073
18 years$2,484$2,055$1,690$1,383$1,126$943
19 years$2,328$1,905$1,548$1,250$1,004$830
20 years$2,189$1,770$1,420$1,132$897$733
21 years$2,063$1,649$1,306$1,027$802$648
22 years$1,948$1,539$1,204$934$719$573
23 years$1,844$1,439$1,112$851$646$508
24 years$1,748$1,349$1,028$776$580$451
25 years$1,660$1,266$952$708$522$400
26 years$1,579$1,189$883$648$470$356
27 years$1,505$1,119$820$593$424$317
28 years$1,435$1,055$762$543$383$282
29 years$1,371$995$709$498$346$251
30 years$1,311$940$661$457$312$224
31 years$1,255$888$616$420$282$200
32 years$1,202$841$575$386$255$178
33 years$1,153$796$537$355$231$159
34 years$1,107$754$501$327$209$142
35 years$1,064$716$469$301$189$127
36 years$1,023$679$439$277$172$113
37 years$984$645$411$255$156$101
38 years$948$613$384$235$141$90
39 years$913$583$360$217$128$81
40 years$880$555$338$200$116$72
41 years$849$528$317$184$105$65
42 years$820$503$297$170$96$58
43 years$792$479$279$157$87$52
44 years$765$457$262$145$79$46
45 years$740$435$246$134$71$41
46 years$715$415$231$124$65$37
47 years$692$396$217$114$59$33
48 years$670$378$204$106$53$30
49 years$649$361$191$98$49$26
50 years$629$345$180$90$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $644,000, adding $6,876 every year, while hoping to spend $35,956 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: 78/7/15 Blend
71$644,000$644,000$644,000$644,000
72$716,781$682,649$672,667$769,899
73$751,635$677,841$656,944$801,059
74$788,840$671,594$639,490$829,981
75$828,597$663,797$620,207$860,702
76$871,126$654,336$598,997$893,388
77$916,671$643,088$575,754$928,224
78$965,498$629,925$550,367$965,411
79$1,017,897$614,710$522,723$1,005,173
80$1,074,190$597,298$492,702$1,047,755
81$1,134,727$577,536$460,177$1,093,429
82$1,199,894$555,260$425,018$1,142,494
83$1,270,116$530,300$387,089$1,195,281
84$1,345,857$502,474$346,245$1,252,154
85$1,427,628$471,589$302,338$1,313,516
86$1,515,991$437,442$255,212$1,379,811
87$1,611,565$399,819$204,703$1,451,527
88$1,715,026$358,492$150,643$1,529,207
89$1,827,121$313,220$92,852$1,613,445
90$1,948,671$263,752$31,146$1,704,900
91$2,080,577$209,817$0$1,804,297
92$2,223,831$151,134$0$1,917,993
93$2,379,525$87,402$0$2,046,996
94$2,548,859$18,307$0$2,187,325
95$2,733,154$0$0$2,340,090
96$2,933,862$0$0$2,510,866
97$3,152,583$0$0$2,698,525
98$3,391,078$0$0$2,903,168
99$3,651,282$0$0$3,126,462
100$3,935,327$0$0$3,370,237