Can I retire at age 72 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$53,924$53,444$52,975$52,518$52,071$51,145
2 years$26,695$26,198$25,716$25,249$24,796$23,866
3 years$17,620$17,121$16,640$16,177$15,731$14,827
4 years$13,083$12,585$12,110$11,655$11,220$10,348
5 years$10,362$9,867$9,398$8,952$8,529$7,692
6 years$8,548$8,057$7,595$7,159$6,749$5,947
7 years$7,253$6,766$6,311$5,886$5,489$4,722
8 years$6,283$5,800$5,352$4,937$4,553$3,823
9 years$5,528$5,050$4,610$4,206$3,835$3,139
10 years$4,925$4,451$4,019$3,625$3,267$2,607
11 years$4,431$3,963$3,538$3,155$2,810$2,183
12 years$4,021$3,557$3,140$2,767$2,435$1,841
13 years$3,673$3,214$2,806$2,443$2,123$1,562
14 years$3,376$2,922$2,521$2,169$1,861$1,331
15 years$3,118$2,669$2,276$1,934$1,639$1,138
16 years$2,893$2,449$2,063$1,732$1,448$977
17 years$2,695$2,255$1,878$1,556$1,284$841
18 years$2,518$2,084$1,714$1,402$1,142$725
19 years$2,361$1,931$1,569$1,267$1,018$627
20 years$2,219$1,795$1,440$1,148$909$542
21 years$2,091$1,672$1,325$1,042$814$470
22 years$1,975$1,560$1,221$947$729$408
23 years$1,869$1,459$1,127$862$655$355
24 years$1,773$1,367$1,042$787$588$308
25 years$1,684$1,283$966$718$529$268
26 years$1,602$1,206$896$657$477$234
27 years$1,526$1,135$832$601$430$204
28 years$1,455$1,070$773$551$388$178
29 years$1,390$1,009$719$505$350$155
30 years$1,329$953$670$464$317$135
31 years$1,272$901$625$426$286$118
32 years$1,219$852$583$391$259$103
33 years$1,169$807$544$360$234$90
34 years$1,123$765$508$331$212$79
35 years$1,079$726$475$305$192$69
36 years$1,037$689$445$281$174$60
37 years$998$654$416$259$158$52
38 years$961$622$390$238$143$46
39 years$926$591$365$220$130$40
40 years$893$562$342$203$118$35
41 years$861$535$321$187$107$31
42 years$831$510$301$173$97$27
43 years$803$486$283$159$88$23
44 years$776$463$265$147$80$20
45 years$750$442$249$136$72$18
46 years$725$421$234$126$66$16
47 years$702$402$220$116$60$14
48 years$680$384$206$107$54$12
49 years$658$366$194$99$49$10
50 years$638$350$182$92$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $653,000, adding $3,261 every year, while hoping to spend $40,242 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: 85/7/8 Blend
71$653,000$653,000$653,000$653,000
72$722,970$688,361$678,239$783,517
73$753,895$679,273$658,143$814,442
74$786,627$668,392$636,025$842,599
75$821,306$655,586$611,775$872,266
76$858,087$640,717$585,277$903,570
77$897,139$623,640$556,411$936,647
78$938,648$604,199$525,052$971,650
79$982,816$582,230$491,067$1,008,745
80$1,029,864$557,561$454,318$1,048,116
81$1,080,035$530,007$414,663$1,089,965
82$1,133,596$499,374$371,951$1,134,515
83$1,190,836$465,457$326,026$1,182,010
84$1,252,076$428,039$276,722$1,232,720
85$1,317,666$386,890$223,870$1,286,942
86$1,387,988$341,769$167,290$1,345,003
87$1,463,465$292,417$106,796$1,407,264
88$1,544,559$238,566$42,194$1,474,122
89$1,631,776$179,928$0$1,546,015
90$1,725,674$116,202$0$1,625,707
91$1,826,865$47,067$0$1,715,439
92$1,936,020$0$0$1,812,210
93$2,053,878$0$0$1,918,828
94$2,181,249$0$0$2,037,978
95$2,319,025$0$0$2,166,869
96$2,468,186$0$0$2,306,419
97$2,629,809$0$0$2,457,637
98$2,805,078$0$0$2,621,632
99$2,995,296$0$0$2,799,624
100$3,201,896$0$0$2,992,954