Can I retire at age 72 with 650,000?

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 $650,000?

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$53,676$53,198$52,732$52,276$51,832$51,527
2 years$26,572$26,078$25,598$25,133$24,682$24,374
3 years$17,539$17,042$16,564$16,103$15,659$15,358
4 years$13,023$12,528$12,054$11,601$11,168$10,876
5 years$10,314$9,822$9,354$8,911$8,490$8,208
6 years$8,509$8,020$7,560$7,126$6,718$6,446
7 years$7,220$6,735$6,282$5,859$5,463$5,202
8 years$6,254$5,773$5,328$4,915$4,532$4,282
9 years$5,503$5,027$4,589$4,186$3,817$3,577
10 years$4,902$4,431$4,001$3,609$3,252$3,023
11 years$4,411$3,945$3,522$3,141$2,797$2,578
12 years$4,002$3,540$3,126$2,755$2,424$2,214
13 years$3,656$3,200$2,793$2,432$2,114$1,914
14 years$3,360$2,908$2,509$2,159$1,853$1,663
15 years$3,104$2,657$2,266$1,925$1,631$1,450
16 years$2,880$2,438$2,054$1,724$1,442$1,270
17 years$2,682$2,245$1,869$1,549$1,278$1,115
18 years$2,507$2,074$1,706$1,396$1,137$982
19 years$2,350$1,923$1,562$1,261$1,013$867
20 years$2,209$1,786$1,433$1,142$905$766
21 years$2,082$1,664$1,319$1,037$810$679
22 years$1,966$1,553$1,215$943$726$602
23 years$1,861$1,453$1,122$858$652$535
24 years$1,764$1,361$1,038$783$586$476
25 years$1,676$1,277$961$715$527$424
26 years$1,594$1,201$891$654$475$378
27 years$1,519$1,130$828$598$428$337
28 years$1,449$1,065$769$548$386$300
29 years$1,384$1,004$716$503$349$268
30 years$1,323$949$667$461$315$240
31 years$1,267$897$622$424$285$214
32 years$1,214$848$580$390$258$192
33 years$1,164$803$542$358$233$171
34 years$1,117$762$506$330$211$153
35 years$1,074$722$473$303$191$137
36 years$1,032$686$443$279$173$123
37 years$993$651$414$257$157$110
38 years$957$619$388$237$142$99
39 years$922$588$364$219$129$88
40 years$889$560$341$202$117$79
41 years$857$533$319$186$106$71
42 years$828$508$300$172$96$64
43 years$799$484$281$159$87$57
44 years$772$461$264$146$79$51
45 years$747$440$248$135$72$46
46 years$722$419$233$125$65$41
47 years$699$400$219$115$59$37
48 years$676$382$206$107$54$33
49 years$655$365$193$99$49$30
50 years$635$348$182$91$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $650,000, adding $5,519 every year, while hoping to spend $54,210 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: 66/9/25 Blend
71$650,000$650,000$650,000$650,000
72$721,993$687,543$677,468$764,615
73$737,957$663,553$642,484$769,999
74$753,733$636,572$604,511$769,260
75$769,244$606,394$563,392$767,218
76$784,403$572,804$518,963$763,748
77$799,115$535,574$471,051$758,714
78$813,271$494,463$419,477$751,968
79$826,749$449,216$364,054$743,349
80$839,413$399,563$304,585$732,682
81$851,111$345,220$240,867$719,778
82$861,674$285,886$172,686$704,429
83$870,913$221,242$99,819$686,411
84$878,616$150,953$22,033$665,479
85$884,550$74,665$0$641,365
86$888,453$0$0$630,046
87$890,035$0$0$623,061
88$888,973$0$0$621,524
89$884,910$0$0$617,780
90$877,448$0$0$611,539
91$866,147$0$0$602,480
92$850,518$0$0$590,247
93$830,020$0$0$574,445
94$804,052$0$0$554,637
95$771,951$0$0$530,339
96$732,981$0$0$501,015
97$686,328$0$0$466,072
98$631,092$0$0$424,855
99$566,276$0$0$376,637
100$490,780$0$0$320,618