Can I retire at age 72 with 664,000?

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 $664,000?

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$54,832$54,344$53,868$53,402$52,948$52,527
2 years$27,145$26,639$26,149$25,674$25,213$24,788
3 years$17,917$17,409$16,920$16,450$15,996$15,581
4 years$13,304$12,797$12,314$11,851$11,409$11,006
5 years$10,537$10,033$9,556$9,103$8,673$8,285
6 years$8,692$8,193$7,723$7,280$6,862$6,489
7 years$7,376$6,880$6,418$5,985$5,581$5,222
8 years$6,389$5,898$5,443$5,021$4,630$4,286
9 years$5,621$5,135$4,688$4,276$3,899$3,570
10 years$5,008$4,526$4,087$3,686$3,322$3,008
11 years$4,506$4,030$3,598$3,208$2,857$2,557
12 years$4,088$3,617$3,193$2,814$2,476$2,190
13 years$3,735$3,268$2,853$2,484$2,159$1,887
14 years$3,433$2,971$2,563$2,205$1,893$1,634
15 years$3,171$2,714$2,314$1,967$1,666$1,420
16 years$2,942$2,490$2,098$1,761$1,473$1,239
17 years$2,740$2,293$1,909$1,582$1,306$1,085
18 years$2,561$2,119$1,743$1,426$1,161$952
19 years$2,401$1,964$1,596$1,288$1,035$837
20 years$2,257$1,825$1,464$1,167$924$737
21 years$2,127$1,700$1,347$1,059$827$651
22 years$2,009$1,587$1,241$963$742$575
23 years$1,901$1,484$1,146$877$666$509
24 years$1,802$1,390$1,060$800$598$451
25 years$1,712$1,305$982$730$538$400
26 years$1,628$1,226$911$668$485$355
27 years$1,551$1,154$846$611$437$315
28 years$1,480$1,088$786$560$395$280
29 years$1,413$1,026$732$514$356$249
30 years$1,352$969$681$471$322$222
31 years$1,294$916$635$433$291$198
32 years$1,240$867$593$398$263$176
33 years$1,189$821$553$366$238$157
34 years$1,142$778$517$337$216$140
35 years$1,097$738$483$310$195$125
36 years$1,055$700$452$285$177$111
37 years$1,015$665$423$263$160$99
38 years$977$632$396$242$145$88
39 years$942$601$371$223$132$79
40 years$908$572$348$206$120$70
41 years$876$544$326$190$109$63
42 years$845$518$306$176$98$56
43 years$816$494$287$162$89$50
44 years$789$471$270$150$81$45
45 years$763$449$253$138$74$40
46 years$738$428$238$128$67$36
47 years$714$409$223$118$61$32
48 years$691$390$210$109$55$28
49 years$669$373$197$101$50$25
50 years$648$356$186$93$45$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $664,000, adding $3,030 every year, while hoping to spend $50,563 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: 68/26/6 Blend
71$664,000$664,000$664,000$664,000
72$734,853$699,661$689,369$783,980
73$756,010$680,146$658,665$797,395
74$777,630$657,980$625,237$805,620
75$799,706$632,980$588,941$813,242
76$822,232$604,951$549,626$820,191
77$845,195$573,690$507,134$826,394
78$868,583$538,978$461,300$831,771
79$892,376$500,586$411,952$836,236
80$916,556$458,271$358,909$839,697
81$941,096$411,778$301,984$842,053
82$965,967$360,835$240,980$843,196
83$991,135$305,155$175,692$843,010
84$1,016,559$244,436$105,906$841,368
85$1,042,193$178,358$31,399$838,135
86$1,067,983$106,584$0$833,165
87$1,093,867$28,756$0$829,378
88$1,119,775$0$0$825,870
89$1,145,627$0$0$836,339
90$1,171,333$0$0$854,904
91$1,196,789$0$0$873,261
92$1,221,881$0$0$891,321
93$1,246,477$0$0$908,987
94$1,270,430$0$0$926,147
95$1,293,577$0$0$942,677
96$1,315,731$0$0$958,439
97$1,336,687$0$0$973,275
98$1,356,213$0$0$987,013
99$1,374,052$0$0$999,458
100$1,389,914$0$0$1,010,393