Can I retire at age 72 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$53,346$52,871$52,407$51,955$51,513$50,349
2 years$26,409$25,917$25,440$24,978$24,530$23,364
3 years$17,431$16,937$16,462$16,004$15,563$14,431
4 years$12,943$12,451$11,980$11,530$11,100$10,010
5 years$10,251$9,761$9,297$8,856$8,438$7,394
6 years$8,457$7,971$7,513$7,082$6,676$5,680
7 years$7,176$6,694$6,244$5,823$5,430$4,480
8 years$6,215$5,738$5,295$4,885$4,504$3,601
9 years$5,469$4,996$4,561$4,161$3,793$2,936
10 years$4,872$4,404$3,976$3,586$3,232$2,420
11 years$4,384$3,920$3,500$3,121$2,780$2,011
12 years$3,977$3,519$3,107$2,738$2,409$1,683
13 years$3,634$3,180$2,775$2,417$2,101$1,416
14 years$3,340$2,890$2,494$2,146$1,841$1,197
15 years$3,085$2,640$2,252$1,913$1,621$1,016
16 years$2,862$2,423$2,041$1,713$1,433$864
17 years$2,666$2,231$1,858$1,539$1,271$737
18 years$2,491$2,062$1,696$1,387$1,130$630
19 years$2,336$1,911$1,552$1,254$1,007$540
20 years$2,196$1,775$1,425$1,135$899$463
21 years$2,069$1,654$1,310$1,030$805$398
22 years$1,954$1,544$1,208$937$721$342
23 years$1,849$1,444$1,115$853$648$294
24 years$1,754$1,353$1,031$778$582$254
25 years$1,665$1,270$955$711$524$219
26 years$1,584$1,193$886$650$472$189
27 years$1,509$1,123$823$595$425$163
28 years$1,440$1,058$765$545$384$141
29 years$1,375$998$712$500$347$121
30 years$1,315$943$663$459$313$105
31 years$1,259$891$618$421$283$91
32 years$1,206$843$577$387$256$78
33 years$1,157$799$538$356$232$68
34 years$1,111$757$503$328$210$59
35 years$1,067$718$470$302$190$51
36 years$1,026$681$440$278$172$44
37 years$987$647$412$256$156$38
38 years$951$615$386$236$142$33
39 years$916$585$361$217$128$28
40 years$883$556$339$201$116$25
41 years$852$530$318$185$106$21
42 years$822$504$298$171$96$18
43 years$794$481$279$158$87$16
44 years$768$458$262$146$79$14
45 years$742$437$246$134$72$12
46 years$718$417$231$124$65$10
47 years$694$398$217$115$59$9
48 years$672$380$204$106$54$8
49 years$651$363$192$98$49$7
50 years$631$346$181$91$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $646,000, adding $3,429 every year, while hoping to spend $48,870 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: 59/20/21 Blend
71$646,000$646,000$646,000$646,000
72$715,429$681,191$671,178$753,468
73$736,405$662,572$641,665$761,072
74$757,884$641,403$609,526$763,746
75$779,863$617,507$574,620$765,578
76$802,342$590,697$536,802$766,495
77$825,315$560,776$495,920$766,420
78$848,778$527,535$451,814$765,271
79$872,722$490,752$404,318$762,961
80$897,134$450,194$353,258$759,394
81$922,002$405,614$298,452$754,472
82$947,307$356,750$239,711$748,086
83$973,028$303,326$176,837$740,122
84$999,139$245,051$109,623$730,457
85$1,025,610$181,617$37,854$718,960
86$1,052,404$112,698$0$705,491
87$1,079,479$37,951$0$698,579
88$1,106,788$0$0$699,000
89$1,134,275$0$0$707,606
90$1,161,874$0$0$724,610
91$1,189,514$0$0$741,610
92$1,217,111$0$0$758,551
93$1,244,570$0$0$775,372
94$1,271,784$0$0$792,000
95$1,298,632$0$0$808,357
96$1,324,979$0$0$824,354
97$1,350,670$0$0$839,888
98$1,375,533$0$0$854,848
99$1,399,377$0$0$869,106
100$1,421,983$0$0$882,521