Can I retire at age 72 with 664,000?

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 $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%16.3%
1 years$54,832$54,344$53,868$53,402$52,948$51,585
2 years$27,145$26,639$26,149$25,674$25,213$23,849
3 years$17,917$17,409$16,920$16,450$15,996$14,673
4 years$13,304$12,797$12,314$11,851$11,409$10,137
5 years$10,537$10,033$9,556$9,103$8,673$7,457
6 years$8,692$8,193$7,723$7,280$6,862$5,703
7 years$7,376$6,880$6,418$5,985$5,581$4,478
8 years$6,389$5,898$5,443$5,021$4,630$3,583
9 years$5,621$5,135$4,688$4,276$3,899$2,907
10 years$5,008$4,526$4,087$3,686$3,322$2,384
11 years$4,506$4,030$3,598$3,208$2,857$1,972
12 years$4,088$3,617$3,193$2,814$2,476$1,641
13 years$3,735$3,268$2,853$2,484$2,159$1,374
14 years$3,433$2,971$2,563$2,205$1,893$1,155
15 years$3,171$2,714$2,314$1,967$1,666$974
16 years$2,942$2,490$2,098$1,761$1,473$824
17 years$2,740$2,293$1,909$1,582$1,306$699
18 years$2,561$2,119$1,743$1,426$1,161$594
19 years$2,401$1,964$1,596$1,288$1,035$506
20 years$2,257$1,825$1,464$1,167$924$431
21 years$2,127$1,700$1,347$1,059$827$368
22 years$2,009$1,587$1,241$963$742$315
23 years$1,901$1,484$1,146$877$666$269
24 years$1,802$1,390$1,060$800$598$230
25 years$1,712$1,305$982$730$538$197
26 years$1,628$1,226$911$668$485$169
27 years$1,551$1,154$846$611$437$145
28 years$1,480$1,088$786$560$395$124
29 years$1,413$1,026$732$514$356$107
30 years$1,352$969$681$471$322$92
31 years$1,294$916$635$433$291$79
32 years$1,240$867$593$398$263$68
33 years$1,189$821$553$366$238$58
34 years$1,142$778$517$337$216$50
35 years$1,097$738$483$310$195$43
36 years$1,055$700$452$285$177$37
37 years$1,015$665$423$263$160$32
38 years$977$632$396$242$145$27
39 years$942$601$371$223$132$23
40 years$908$572$348$206$120$20
41 years$876$544$326$190$109$17
42 years$845$518$306$176$98$15
43 years$816$494$287$162$89$13
44 years$789$471$270$150$81$11
45 years$763$449$253$138$74$9
46 years$738$428$238$128$67$8
47 years$714$409$223$118$61$7
48 years$691$390$210$109$55$6
49 years$669$373$197$101$50$5
50 years$648$356$186$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $664,000, adding $2,262 every year, while hoping to spend $47,658 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: 37/41/22 Blend
71$664,000$664,000$664,000$664,000
72$734,061$698,869$688,577$756,292
73$758,228$682,406$660,937$756,239
74$783,262$663,539$630,773$751,578
75$809,202$642,100$597,951$745,579
76$836,088$617,910$562,331$738,149
77$863,964$590,783$523,764$729,194
78$892,875$560,518$482,096$718,609
79$922,870$526,904$437,168$706,288
80$954,000$489,720$388,810$692,119
81$986,321$448,729$336,848$675,983
82$1,019,891$403,683$281,098$657,754
83$1,054,774$354,317$221,369$637,303
84$1,091,037$300,355$157,461$614,491
85$1,128,752$241,501$89,165$589,175
86$1,167,996$177,447$16,264$561,203
87$1,208,853$107,863$0$530,416
88$1,251,412$32,404$0$511,093
89$1,295,768$0$0$493,628
90$1,342,025$0$0$496,315
91$1,390,294$0$0$514,394
92$1,440,694$0$0$533,291
93$1,493,357$0$0$553,058
94$1,548,420$0$0$573,751
95$1,606,037$0$0$595,429
96$1,666,370$0$0$618,157
97$1,729,598$0$0$642,007
98$1,795,912$0$0$667,055
99$1,865,523$0$0$693,384
100$1,938,656$0$0$721,084