Can I retire at age 72 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$55,658$55,163$54,679$54,207$53,746$52,404
2 years$27,554$27,040$26,543$26,061$25,593$24,250
3 years$18,187$17,671$17,175$16,697$16,237$14,934
4 years$13,504$12,990$12,499$12,030$11,581$10,328
5 years$10,695$10,184$9,700$9,240$8,803$7,605
6 years$8,823$8,316$7,839$7,389$6,966$5,823
7 years$7,487$6,984$6,514$6,075$5,665$4,577
8 years$6,485$5,987$5,525$5,096$4,700$3,667
9 years$5,706$5,212$4,758$4,341$3,958$2,979
10 years$5,083$4,595$4,148$3,742$3,372$2,446
11 years$4,574$4,090$3,652$3,257$2,900$2,025
12 years$4,150$3,671$3,241$2,856$2,513$1,688
13 years$3,791$3,318$2,896$2,522$2,192$1,415
14 years$3,484$3,016$2,602$2,239$1,921$1,191
15 years$3,218$2,755$2,349$1,996$1,692$1,006
16 years$2,986$2,528$2,130$1,788$1,495$852
17 years$2,781$2,328$1,938$1,606$1,326$724
18 years$2,599$2,151$1,769$1,447$1,179$616
19 years$2,437$1,993$1,620$1,308$1,051$526
20 years$2,291$1,852$1,486$1,185$938$449
21 years$2,159$1,725$1,367$1,075$840$384
22 years$2,039$1,611$1,260$977$753$328
23 years$1,930$1,506$1,163$890$676$281
24 years$1,830$1,411$1,076$812$607$241
25 years$1,738$1,325$997$741$546$207
26 years$1,653$1,245$924$678$492$178
27 years$1,575$1,172$858$621$444$153
28 years$1,502$1,104$798$569$400$131
29 years$1,435$1,041$743$521$362$113
30 years$1,372$984$692$479$327$97
31 years$1,313$930$645$439$295$83
32 years$1,258$880$602$404$267$72
33 years$1,207$833$562$371$242$62
34 years$1,159$790$525$342$219$53
35 years$1,113$749$491$315$198$46
36 years$1,070$711$459$290$180$39
37 years$1,030$675$430$267$163$34
38 years$992$642$402$246$148$29
39 years$956$610$377$227$134$25
40 years$921$581$353$209$121$22
41 years$889$553$331$193$110$19
42 years$858$526$311$178$100$16
43 years$829$501$292$164$91$14
44 years$801$478$274$152$82$12
45 years$774$456$257$140$75$10
46 years$749$435$241$130$68$9
47 years$725$415$227$120$62$8
48 years$701$396$213$111$56$7
49 years$679$378$200$102$51$6
50 years$658$361$188$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $674,000, adding $3,876 every year, while hoping to spend $48,387 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: 36/39/25 Blend
71$674,000$674,000$674,000$674,000
72$746,746$711,024$700,577$767,891
73$771,431$694,381$672,563$767,199
74$797,012$675,300$641,989$761,746
75$823,529$653,612$608,717$754,904
76$851,025$629,136$572,606$746,579
77$879,547$601,680$533,505$736,674
78$909,141$571,043$491,258$725,083
79$939,861$537,011$445,702$711,698
80$971,760$499,359$396,667$696,405
81$1,004,898$457,846$343,974$679,083
82$1,039,338$412,221$287,438$659,606
83$1,075,147$362,216$226,863$637,842
84$1,112,397$307,549$162,048$613,650
85$1,151,165$247,923$92,780$586,886
86$1,191,535$183,022$18,840$557,397
87$1,233,596$112,514$0$525,022
88$1,277,443$36,048$0$505,617
89$1,323,180$0$0$489,388
90$1,370,919$0$0$491,249
91$1,420,779$0$0$509,373
92$1,472,892$0$0$528,337
93$1,527,396$0$0$548,196
94$1,584,444$0$0$569,009
95$1,644,200$0$0$590,839
96$1,706,843$0$0$613,755
97$1,772,566$0$0$637,832
98$1,841,579$0$0$663,151
99$1,914,110$0$0$689,802
100$1,990,407$0$0$717,879