Can I retire at age 72 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$55,245$54,753$54,273$53,805$53,347$52,528
2 years$27,349$26,840$26,346$25,868$25,403$24,580
3 years$18,052$17,540$17,048$16,574$16,117$15,315
4 years$13,404$12,894$12,406$11,940$11,495$10,721
5 years$10,616$10,109$9,628$9,171$8,738$7,994
6 years$8,758$8,255$7,781$7,334$6,914$6,201
7 years$7,431$6,932$6,466$6,030$5,623$4,941
8 years$6,437$5,942$5,484$5,058$4,665$4,013
9 years$5,664$5,174$4,723$4,309$3,929$3,308
10 years$5,045$4,560$4,118$3,714$3,347$2,756
11 years$4,540$4,060$3,625$3,232$2,879$2,317
12 years$4,119$3,644$3,217$2,835$2,495$1,962
13 years$3,763$3,293$2,874$2,503$2,175$1,671
14 years$3,458$2,993$2,583$2,222$1,907$1,429
15 years$3,195$2,734$2,332$1,982$1,679$1,228
16 years$2,964$2,509$2,114$1,774$1,484$1,058
17 years$2,761$2,311$1,924$1,594$1,316$914
18 years$2,580$2,135$1,756$1,437$1,170$792
19 years$2,419$1,979$1,608$1,298$1,043$688
20 years$2,274$1,839$1,475$1,176$931$598
21 years$2,143$1,713$1,357$1,067$834$521
22 years$2,024$1,599$1,251$970$747$454
23 years$1,915$1,495$1,155$884$671$396
24 years$1,816$1,401$1,068$806$603$346
25 years$1,725$1,315$989$736$542$303
26 years$1,641$1,236$917$673$489$265
27 years$1,563$1,163$852$616$441$232
28 years$1,491$1,096$792$564$397$203
29 years$1,424$1,034$737$518$359$178
30 years$1,362$976$686$475$324$156
31 years$1,304$923$640$436$293$137
32 years$1,249$873$597$401$265$120
33 years$1,198$827$558$369$240$106
34 years$1,150$784$521$339$217$93
35 years$1,105$743$487$312$197$81
36 years$1,063$706$456$288$178$71
37 years$1,022$670$426$265$162$63
38 years$985$637$399$244$147$55
39 years$949$606$374$225$133$48
40 years$915$576$351$208$121$43
41 years$882$548$329$192$109$37
42 years$852$522$308$177$99$33
43 years$823$498$289$163$90$29
44 years$795$474$272$151$82$25
45 years$768$452$255$139$74$22
46 years$743$432$240$129$67$20
47 years$719$412$225$119$61$17
48 years$696$393$212$110$56$15
49 years$674$375$199$101$50$13
50 years$653$359$187$94$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $669,000, adding $4,960 every year, while hoping to spend $58,029 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: 69/5/26 Blend
71$669,000$669,000$669,000$669,000
72$742,354$706,897$696,528$788,295
73$756,332$679,793$658,119$792,632
74$769,791$649,415$616,479$790,242
75$782,616$615,543$571,437$786,278
76$794,680$577,942$522,818$780,583
77$805,840$536,364$470,435$772,987
78$815,936$490,547$414,095$763,301
79$824,792$440,213$353,597$751,324
80$832,208$385,071$288,730$736,831
81$837,963$324,810$219,273$719,580
82$841,814$259,104$144,997$699,306
83$843,486$187,607$65,661$675,719
84$842,676$109,955$0$648,501
85$839,049$25,762$0$622,580
86$832,229$0$0$612,086
87$821,803$0$0$602,044
88$807,312$0$0$590,305
89$788,245$0$0$575,065
90$764,039$0$0$555,894
91$734,069$0$0$532,316
92$697,643$0$0$503,804
93$653,996$0$0$469,775
94$602,280$0$0$429,585
95$541,559$0$0$382,520
96$470,796$0$0$327,792
97$388,847$0$0$264,528
98$294,445$0$0$191,765
99$186,190$0$0$108,439
100$62,538$0$0$13,372