Can I retire at age 72 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$53,759$53,280$52,813$52,357$51,912$50,926
2 years$26,613$26,118$25,637$25,172$24,720$23,731
3 years$17,566$17,068$16,589$16,128$15,683$14,721
4 years$13,043$12,547$12,073$11,619$11,185$10,258
5 years$10,330$9,837$9,369$8,925$8,503$7,613
6 years$8,522$8,033$7,571$7,137$6,728$5,877
7 years$7,231$6,746$6,292$5,868$5,472$4,659
8 years$6,263$5,782$5,336$4,922$4,539$3,765
9 years$5,511$5,035$4,596$4,193$3,823$3,086
10 years$4,910$4,438$4,007$3,614$3,257$2,558
11 years$4,418$3,951$3,528$3,145$2,801$2,138
12 years$4,008$3,546$3,131$2,759$2,428$1,800
13 years$3,662$3,204$2,797$2,436$2,117$1,524
14 years$3,365$2,913$2,513$2,162$1,856$1,296
15 years$3,109$2,661$2,269$1,928$1,634$1,106
16 years$2,884$2,441$2,057$1,727$1,444$947
17 years$2,686$2,248$1,872$1,551$1,280$813
18 years$2,511$2,078$1,709$1,398$1,138$700
19 years$2,354$1,925$1,564$1,263$1,015$604
20 years$2,213$1,789$1,436$1,144$906$521
21 years$2,085$1,667$1,321$1,038$811$451
22 years$1,969$1,556$1,217$944$727$390
23 years$1,864$1,455$1,124$860$653$338
24 years$1,767$1,363$1,039$784$587$294
25 years$1,678$1,279$963$716$528$255
26 years$1,597$1,202$893$655$475$221
27 years$1,521$1,132$829$599$429$192
28 years$1,451$1,066$771$549$387$167
29 years$1,386$1,006$717$504$349$146
30 years$1,325$950$668$462$316$127
31 years$1,269$898$623$424$285$110
32 years$1,216$850$581$390$258$96
33 years$1,166$805$543$359$234$84
34 years$1,119$763$507$330$211$73
35 years$1,075$723$474$304$192$64
36 years$1,034$687$443$280$174$55
37 years$995$652$415$258$157$48
38 years$958$620$389$238$143$42
39 years$923$589$364$219$129$37
40 years$890$561$341$202$117$32
41 years$859$534$320$186$106$28
42 years$829$508$300$172$97$24
43 years$800$484$282$159$88$21
44 years$773$462$264$147$80$19
45 years$748$440$248$135$72$16
46 years$723$420$233$125$66$14
47 years$700$401$219$116$60$12
48 years$677$383$206$107$54$11
49 years$656$365$193$99$49$9
50 years$636$349$182$91$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $651,000, adding $3,616 every year, while hoping to spend $49,864 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: 73/5/22 Blend
71$651,000$651,000$651,000$651,000
72$721,132$686,629$676,538$769,646
73$741,632$667,219$646,148$782,995
74$762,553$645,186$613,067$791,289
75$783,883$620,351$577,155$799,125
76$805,611$592,520$538,262$806,452
77$827,721$561,491$496,231$813,209
78$850,194$527,049$450,900$819,334
79$873,008$488,969$402,100$824,758
80$896,136$447,009$349,651$829,407
81$919,547$400,917$293,369$833,200
82$943,203$350,425$233,060$836,051
83$967,063$295,249$168,521$837,863
84$991,078$235,091$99,540$838,535
85$1,015,192$169,634$25,899$837,955
86$1,039,341$98,546$0$836,001
87$1,063,451$21,472$0$844,911
88$1,087,441$0$0$859,465
89$1,111,217$0$0$876,890
90$1,134,673$0$0$895,222
91$1,157,690$0$0$913,185
92$1,180,134$0$0$930,669
93$1,201,855$0$0$947,554
94$1,222,684$0$0$963,702
95$1,242,431$0$0$978,961
96$1,260,887$0$0$993,162
97$1,277,814$0$0$1,006,112
98$1,292,950$0$0$1,017,601
99$1,306,002$0$0$1,027,390
100$1,316,641$0$0$1,035,217