Can I retire at age 72 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$54,089$53,607$53,137$52,679$52,231$51,815
2 years$26,777$26,278$25,795$25,326$24,872$24,452
3 years$17,674$17,173$16,691$16,227$15,780$15,370
4 years$13,123$12,624$12,147$11,690$11,254$10,857
5 years$10,394$9,897$9,426$8,979$8,555$8,172
6 years$8,575$8,082$7,618$7,181$6,769$6,401
7 years$7,276$6,787$6,331$5,904$5,505$5,152
8 years$6,302$5,818$5,369$4,953$4,567$4,228
9 years$5,545$5,066$4,624$4,218$3,846$3,522
10 years$4,940$4,465$4,031$3,636$3,277$2,967
11 years$4,445$3,975$3,549$3,165$2,819$2,522
12 years$4,033$3,568$3,150$2,776$2,442$2,160
13 years$3,684$3,224$2,814$2,451$2,130$1,861
14 years$3,386$2,931$2,529$2,175$1,867$1,611
15 years$3,128$2,677$2,283$1,940$1,644$1,401
16 years$2,902$2,456$2,070$1,737$1,453$1,223
17 years$2,703$2,262$1,883$1,561$1,288$1,070
18 years$2,526$2,090$1,719$1,407$1,145$939
19 years$2,368$1,937$1,574$1,271$1,021$826
20 years$2,226$1,800$1,445$1,151$912$728
21 years$2,098$1,677$1,329$1,045$816$642
22 years$1,981$1,565$1,225$950$731$568
23 years$1,875$1,464$1,131$865$657$502
24 years$1,778$1,372$1,046$789$590$445
25 years$1,689$1,287$969$721$531$395
26 years$1,606$1,210$898$659$478$350
27 years$1,530$1,139$834$603$431$311
28 years$1,460$1,073$775$553$389$277
29 years$1,394$1,012$722$507$351$246
30 years$1,333$956$672$465$318$219
31 years$1,276$904$627$427$287$195
32 years$1,223$855$585$392$260$174
33 years$1,173$810$546$361$235$155
34 years$1,126$767$510$332$213$138
35 years$1,082$728$477$306$193$123
36 years$1,040$691$446$282$175$110
37 years$1,001$656$418$259$158$98
38 years$964$624$391$239$143$87
39 years$929$593$366$220$130$78
40 years$895$564$343$203$118$69
41 years$864$537$322$188$107$62
42 years$834$511$302$173$97$55
43 years$805$487$283$160$88$49
44 years$778$464$266$148$80$44
45 years$752$443$250$136$73$39
46 years$728$423$235$126$66$35
47 years$704$403$220$116$60$31
48 years$682$385$207$107$54$28
49 years$660$368$195$99$49$25
50 years$640$351$183$92$45$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $655,000, adding $3,132 every year, while hoping to spend $28,868 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: 45/29/26 Blend
71$655,000$655,000$655,000$655,000
72$725,041$690,326$680,173$752,099
73$768,279$693,436$672,244$774,692
74$814,961$695,732$663,081$796,145
75$865,406$697,142$652,613$818,845
76$919,967$697,591$640,765$842,926
77$979,032$697,001$627,459$868,534
78$1,043,026$695,287$612,611$895,833
79$1,112,417$692,358$596,136$925,004
80$1,187,721$688,121$577,944$956,250
81$1,269,503$682,474$557,940$989,795
82$1,358,388$675,311$536,027$1,025,891
83$1,455,059$666,517$512,100$1,064,814
84$1,560,272$655,973$486,052$1,106,873
85$1,674,856$643,552$457,770$1,152,410
86$1,799,723$629,118$427,138$1,201,806
87$1,935,879$612,528$394,031$1,255,483
88$2,084,429$593,633$358,321$1,313,908
89$2,246,590$572,271$319,875$1,377,600
90$2,423,703$548,272$278,551$1,447,135
91$2,617,242$521,459$234,204$1,523,151
92$2,828,832$491,641$186,680$1,606,353
93$3,060,259$458,618$135,820$1,697,525
94$3,313,493$422,177$81,458$1,797,534
95$3,590,700$382,096$23,418$1,907,340
96$3,894,269$338,136$0$2,028,006
97$4,226,827$290,047$0$2,171,395
98$4,591,270$237,566$0$2,335,749
99$4,990,785$180,412$0$2,516,062
100$5,428,883$118,290$0$2,713,983