Can I retire at age 72 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$55,493$54,999$54,517$54,046$53,586$53,137
2 years$27,472$26,960$26,464$25,984$25,517$25,065
3 years$18,133$17,619$17,124$16,648$16,189$15,747
4 years$13,464$12,952$12,462$11,994$11,546$11,118
5 years$10,663$10,154$9,671$9,212$8,777$8,364
6 years$8,797$8,292$7,816$7,367$6,945$6,548
7 years$7,464$6,963$6,495$6,057$5,648$5,267
8 years$6,465$5,969$5,508$5,081$4,686$4,320
9 years$5,689$5,197$4,744$4,328$3,946$3,596
10 years$5,068$4,581$4,136$3,731$3,362$3,028
11 years$4,560$4,078$3,641$3,247$2,892$2,573
12 years$4,138$3,660$3,232$2,848$2,506$2,202
13 years$3,780$3,308$2,887$2,514$2,185$1,896
14 years$3,474$3,007$2,594$2,232$1,916$1,640
15 years$3,209$2,747$2,342$1,990$1,687$1,425
16 years$2,977$2,520$2,124$1,782$1,491$1,243
17 years$2,773$2,321$1,932$1,601$1,322$1,087
18 years$2,592$2,145$1,764$1,443$1,175$953
19 years$2,430$1,988$1,615$1,304$1,047$838
20 years$2,284$1,847$1,482$1,181$936$737
21 years$2,152$1,720$1,363$1,072$837$650
22 years$2,033$1,606$1,256$975$750$574
23 years$1,924$1,502$1,160$888$674$508
24 years$1,824$1,407$1,073$809$606$450
25 years$1,733$1,321$994$739$545$399
26 years$1,648$1,241$922$676$491$353
27 years$1,570$1,168$856$619$442$314
28 years$1,498$1,101$796$567$399$279
29 years$1,431$1,038$740$520$361$248
30 years$1,368$981$690$477$326$220
31 years$1,309$927$643$438$295$196
32 years$1,255$877$600$403$266$174
33 years$1,203$831$560$370$241$155
34 years$1,155$787$523$341$218$138
35 years$1,110$747$489$314$198$123
36 years$1,067$709$458$289$179$110
37 years$1,027$673$428$266$162$98
38 years$989$640$401$245$147$87
39 years$953$608$376$226$133$78
40 years$919$579$352$209$121$69
41 years$886$551$330$192$110$62
42 years$856$525$310$178$100$55
43 years$826$500$291$164$90$49
44 years$798$477$273$151$82$44
45 years$772$454$256$140$75$39
46 years$747$434$241$129$68$35
47 years$722$414$226$119$61$31
48 years$699$395$212$110$56$28
49 years$677$377$200$102$51$25
50 years$656$360$188$94$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $672,000, adding $4,389 every year, while hoping to spend $34,984 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: 66/7/27 Blend
71$672,000$672,000$672,000$672,000
72$745,071$709,455$699,039$788,703
73$783,846$706,996$685,234$816,203
74$825,403$703,243$669,794$841,938
75$869,989$698,098$652,628$869,295
76$917,876$691,452$633,639$898,436
77$969,360$683,194$612,727$929,543
78$1,024,769$673,204$589,786$962,813
79$1,084,459$661,356$564,709$998,469
80$1,148,826$647,514$537,378$1,036,754
81$1,218,302$631,538$507,676$1,077,940
82$1,293,361$613,276$475,476$1,122,326
83$1,374,526$592,569$440,647$1,170,243
84$1,462,372$569,248$403,052$1,222,059
85$1,557,528$543,136$362,548$1,278,180
86$1,660,689$514,043$318,987$1,339,055
87$1,772,618$481,769$272,212$1,405,181
88$1,894,153$446,104$222,059$1,477,107
89$2,026,218$406,825$168,359$1,555,441
90$2,169,828$363,695$110,935$1,640,854
91$2,326,100$316,465$49,600$1,734,088
92$2,496,262$264,871$0$1,835,965
93$2,681,667$208,636$0$1,951,959
94$2,883,802$147,465$0$2,094,050
95$3,104,307$81,048$0$2,249,103
96$3,344,984$9,057$0$2,418,403
97$3,607,817$0$0$2,603,369
98$3,894,991$0$0$2,810,866
99$4,208,910$0$0$3,038,491
100$4,552,223$0$0$3,287,474