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%14%
1 years$55,658$55,163$54,679$54,207$53,746$52,855
2 years$27,554$27,040$26,543$26,061$25,593$24,699
3 years$18,187$17,671$17,175$16,697$16,237$15,367
4 years$13,504$12,990$12,499$12,030$11,581$10,740
5 years$10,695$10,184$9,700$9,240$8,803$7,996
6 years$8,823$8,316$7,839$7,389$6,966$6,192
7 years$7,487$6,984$6,514$6,075$5,665$4,926
8 years$6,485$5,987$5,525$5,096$4,700$3,994
9 years$5,706$5,212$4,758$4,341$3,958$3,286
10 years$5,083$4,595$4,148$3,742$3,372$2,733
11 years$4,574$4,090$3,652$3,257$2,900$2,294
12 years$4,150$3,671$3,241$2,856$2,513$1,938
13 years$3,791$3,318$2,896$2,522$2,192$1,647
14 years$3,484$3,016$2,602$2,239$1,921$1,406
15 years$3,218$2,755$2,349$1,996$1,692$1,206
16 years$2,986$2,528$2,130$1,788$1,495$1,037
17 years$2,781$2,328$1,938$1,606$1,326$894
18 years$2,599$2,151$1,769$1,447$1,179$773
19 years$2,437$1,993$1,620$1,308$1,051$669
20 years$2,291$1,852$1,486$1,185$938$581
21 years$2,159$1,725$1,367$1,075$840$504
22 years$2,039$1,611$1,260$977$753$439
23 years$1,930$1,506$1,163$890$676$382
24 years$1,830$1,411$1,076$812$607$333
25 years$1,738$1,325$997$741$546$291
26 years$1,653$1,245$924$678$492$254
27 years$1,575$1,172$858$621$444$222
28 years$1,502$1,104$798$569$400$194
29 years$1,435$1,041$743$521$362$169
30 years$1,372$984$692$479$327$148
31 years$1,313$930$645$439$295$130
32 years$1,258$880$602$404$267$113
33 years$1,207$833$562$371$242$99
34 years$1,159$790$525$342$219$87
35 years$1,113$749$491$315$198$76
36 years$1,070$711$459$290$180$67
37 years$1,030$675$430$267$163$59
38 years$992$642$402$246$148$51
39 years$956$610$377$227$134$45
40 years$921$581$353$209$121$39
41 years$889$553$331$193$110$35
42 years$858$526$311$178$100$30
43 years$829$501$292$164$91$27
44 years$801$478$274$152$82$23
45 years$774$456$257$140$75$20
46 years$749$435$241$130$68$18
47 years$725$415$227$120$62$16
48 years$701$396$213$111$56$14
49 years$679$378$200$102$51$12
50 years$658$361$188$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $674,000, adding $3,089 every year, while hoping to spend $43,130 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: 51/28/21 Blend
71$674,000$674,000$674,000$674,000
72$745,934$710,212$699,765$779,475
73$776,130$699,123$677,317$791,888
74$807,959$686,044$652,672$800,692
75$841,545$670,834$625,710$809,357
76$877,017$653,340$596,307$817,885
77$914,522$633,403$564,332$826,283
78$954,216$610,852$529,649$834,560
79$996,270$585,508$492,117$842,729
80$1,040,873$557,181$451,586$850,806
81$1,088,229$525,670$407,902$858,815
82$1,138,563$490,763$360,901$866,785
83$1,192,120$452,234$310,415$874,750
84$1,249,169$409,845$256,266$882,754
85$1,310,004$363,347$198,270$890,848
86$1,374,946$312,473$136,234$899,092
87$1,444,349$256,943$69,957$907,561
88$1,518,600$196,460$0$916,338
89$1,598,122$130,712$0$925,696
90$1,683,382$59,368$0$952,316
91$1,774,889$0$0$980,690
92$1,873,203$0$0$1,016,546
93$1,978,940$0$0$1,074,831
94$2,092,773$0$0$1,137,630
95$2,215,446$0$0$1,205,360
96$2,347,771$0$0$1,278,477
97$2,490,643$0$0$1,357,482
98$2,645,045$0$0$1,442,926
99$2,812,057$0$0$1,535,416
100$2,992,867$0$0$1,635,617