Can I retire at age 72 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$53,842$53,362$52,894$52,437$51,991$51,534
2 years$26,654$26,158$25,677$25,210$24,758$24,297
3 years$17,593$17,094$16,615$16,152$15,707$15,257
4 years$13,063$12,566$12,091$11,637$11,203$10,767
5 years$10,346$9,852$9,383$8,938$8,516$8,096
6 years$8,535$8,045$7,583$7,148$6,738$6,334
7 years$7,242$6,756$6,302$5,877$5,480$5,092
8 years$6,273$5,791$5,344$4,930$4,546$4,175
9 years$5,520$5,042$4,603$4,199$3,829$3,473
10 years$4,917$4,445$4,013$3,620$3,262$2,922
11 years$4,425$3,957$3,533$3,150$2,806$2,481
12 years$4,014$3,551$3,135$2,763$2,431$2,122
13 years$3,668$3,209$2,801$2,439$2,120$1,826
14 years$3,371$2,917$2,517$2,165$1,858$1,579
15 years$3,113$2,665$2,272$1,931$1,636$1,371
16 years$2,889$2,445$2,060$1,729$1,446$1,195
17 years$2,690$2,252$1,875$1,554$1,282$1,044
18 years$2,515$2,081$1,711$1,400$1,140$915
19 years$2,357$1,928$1,567$1,265$1,016$804
20 years$2,216$1,792$1,438$1,146$908$707
21 years$2,088$1,669$1,323$1,040$812$623
22 years$1,972$1,558$1,219$946$728$550
23 years$1,867$1,457$1,126$861$654$486
24 years$1,770$1,365$1,041$785$587$430
25 years$1,681$1,281$964$717$529$381
26 years$1,599$1,204$894$656$476$337
27 years$1,523$1,133$830$600$429$299
28 years$1,453$1,068$772$550$387$265
29 years$1,388$1,007$718$504$350$236
30 years$1,327$951$669$463$316$209
31 years$1,270$899$624$425$286$186
32 years$1,217$851$582$391$258$166
33 years$1,168$806$543$359$234$147
34 years$1,121$764$508$331$212$131
35 years$1,077$725$475$304$192$117
36 years$1,036$688$444$280$174$104
37 years$996$653$416$258$158$92
38 years$959$621$389$238$143$82
39 years$925$590$365$219$130$73
40 years$891$562$342$202$117$65
41 years$860$535$320$187$107$58
42 years$830$509$301$172$97$52
43 years$802$485$282$159$88$46
44 years$775$462$265$147$80$41
45 years$749$441$249$136$72$37
46 years$724$421$234$125$66$33
47 years$701$401$219$116$60$29
48 years$679$383$206$107$54$26
49 years$657$366$194$99$49$23
50 years$637$350$182$91$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $652,000, adding $2,944 every year, while hoping to spend $22,450 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: 52/26/22 Blend
71$652,000$652,000$652,000$652,000
72$721,541$686,985$676,879$754,520
73$771,251$696,760$675,668$787,366
74$825,280$706,263$673,663$820,518
75$884,043$715,454$670,816$856,108
76$948,000$724,296$667,072$894,376
77$1,017,654$732,745$662,378$935,588
78$1,093,562$740,756$656,674$980,037
79$1,176,333$748,281$649,901$1,028,045
80$1,266,641$755,268$641,994$1,079,969
81$1,365,225$761,663$632,888$1,136,203
82$1,472,900$767,407$622,512$1,197,184
83$1,590,564$772,438$610,794$1,263,390
84$1,719,203$776,689$597,657$1,335,353
85$1,859,905$780,090$583,022$1,413,659
86$2,013,867$782,567$566,805$1,498,953
87$2,182,407$784,038$548,919$1,591,950
88$2,366,977$784,420$529,272$1,693,438
89$2,569,175$783,623$507,768$1,804,286
90$2,790,761$781,550$484,309$1,925,455
91$3,033,673$778,101$458,788$2,058,004
92$3,300,049$773,169$431,098$2,203,102
93$3,592,237$766,638$401,124$2,362,041
94$3,912,831$758,388$368,746$2,536,245
95$4,264,681$748,291$333,841$2,727,284
96$4,650,932$736,210$296,278$2,936,894
97$5,075,044$722,002$255,921$3,166,989
98$5,540,832$705,514$212,628$3,419,680
99$6,052,497$686,584$166,251$3,697,296
100$6,614,666$665,041$116,635$4,002,408