Can I retire at age 72 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$54,998$54,508$54,030$53,563$53,108$52,271
2 years$27,227$26,719$26,228$25,752$25,289$24,449
3 years$17,971$17,461$16,971$16,499$16,045$15,226
4 years$13,344$12,836$12,351$11,887$11,443$10,653
5 years$10,568$10,064$9,585$9,130$8,699$7,939
6 years$8,719$8,218$7,746$7,302$6,883$6,155
7 years$7,398$6,901$6,437$6,003$5,598$4,901
8 years$6,408$5,916$5,459$5,036$4,644$3,979
9 years$5,638$5,151$4,702$4,289$3,911$3,277
10 years$5,023$4,540$4,099$3,697$3,332$2,730
11 years$4,520$4,042$3,609$3,218$2,866$2,293
12 years$4,101$3,628$3,203$2,823$2,483$1,940
13 years$3,746$3,278$2,861$2,492$2,166$1,651
14 years$3,443$2,980$2,571$2,212$1,898$1,412
15 years$3,180$2,722$2,321$1,973$1,672$1,212
16 years$2,951$2,498$2,105$1,766$1,477$1,044
17 years$2,748$2,300$1,915$1,587$1,310$901
18 years$2,569$2,125$1,748$1,430$1,165$780
19 years$2,408$1,970$1,600$1,292$1,038$677
20 years$2,264$1,830$1,469$1,170$927$588
21 years$2,133$1,705$1,351$1,062$830$512
22 years$2,015$1,592$1,245$966$744$446
23 years$1,907$1,489$1,150$880$668$389
24 years$1,808$1,395$1,063$802$600$339
25 years$1,717$1,309$985$733$540$297
26 years$1,633$1,230$913$670$486$259
27 years$1,556$1,158$848$613$439$227
28 years$1,484$1,091$788$562$396$199
29 years$1,418$1,029$734$515$357$174
30 years$1,356$972$683$473$323$152
31 years$1,298$919$637$434$292$134
32 years$1,244$869$594$399$264$117
33 years$1,193$823$555$367$239$103
34 years$1,145$780$519$338$216$90
35 years$1,100$740$485$311$196$79
36 years$1,058$702$454$286$178$69
37 years$1,018$667$425$264$161$61
38 years$980$634$398$243$146$53
39 years$944$603$372$224$132$47
40 years$911$574$349$207$120$41
41 years$878$546$327$191$109$36
42 years$848$520$307$176$99$32
43 years$819$495$288$163$90$28
44 years$791$472$270$150$81$25
45 years$765$450$254$139$74$22
46 years$740$430$239$128$67$19
47 years$716$410$224$118$61$17
48 years$693$391$211$109$55$15
49 years$671$374$198$101$50$13
50 years$650$357$186$93$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $666,000, adding $3,994 every year, while hoping to spend $27,322 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: 53/36/11 Blend
71$666,000$666,000$666,000$666,000
72$738,052$702,754$692,431$774,863
73$784,263$708,118$686,557$805,713
74$834,271$712,830$679,570$835,975
75$888,436$716,828$671,405$868,264
76$947,152$720,048$661,992$902,776
77$1,010,851$722,420$651,259$939,732
78$1,080,012$723,872$639,130$979,373
79$1,155,157$724,326$625,525$1,021,968
80$1,236,864$723,699$610,361$1,067,812
81$1,325,767$721,903$593,551$1,117,233
82$1,422,565$718,846$575,005$1,170,595
83$1,528,026$714,429$554,626$1,228,297
84$1,642,995$708,546$532,317$1,290,782
85$1,768,403$701,087$507,972$1,358,540
86$1,905,274$691,934$481,483$1,432,113
87$2,054,735$680,962$452,736$1,512,099
88$2,218,028$668,039$421,612$1,599,160
89$2,396,518$653,025$387,988$1,694,027
90$2,591,711$635,771$351,733$1,797,507
91$2,805,261$616,119$312,712$1,910,493
92$3,038,994$593,905$270,784$2,033,971
93$3,294,916$568,951$225,800$2,169,032
94$3,575,240$541,072$177,607$2,316,880
95$3,882,400$510,071$126,042$2,478,843
96$4,219,079$475,739$70,939$2,656,390
97$4,588,231$437,855$12,121$2,851,145
98$4,993,108$396,188$0$3,064,898
99$5,437,294$350,491$0$3,305,572
100$5,924,737$300,503$0$3,571,312