Can I retire at age 72 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$55,741$55,244$54,760$54,287$53,825$53,043
2 years$27,594$27,081$26,582$26,100$25,631$24,844
3 years$18,214$17,697$17,201$16,722$16,261$15,495
4 years$13,524$13,009$12,518$12,047$11,598$10,858
5 years$10,711$10,200$9,714$9,254$8,816$8,104
6 years$8,836$8,329$7,851$7,400$6,976$6,293
7 years$7,498$6,994$6,524$6,084$5,673$5,020
8 years$6,494$5,996$5,533$5,104$4,707$4,083
9 years$5,714$5,220$4,765$4,347$3,964$3,369
10 years$5,091$4,601$4,155$3,747$3,377$2,811
11 years$4,581$4,096$3,658$3,261$2,905$2,366
12 years$4,156$3,677$3,246$2,861$2,517$2,006
13 years$3,797$3,323$2,900$2,526$2,195$1,710
14 years$3,489$3,020$2,606$2,242$1,924$1,465
15 years$3,223$2,759$2,353$1,999$1,694$1,260
16 years$2,991$2,531$2,133$1,790$1,497$1,088
17 years$2,785$2,331$1,941$1,608$1,328$941
18 years$2,603$2,154$1,772$1,450$1,180$816
19 years$2,440$1,996$1,622$1,310$1,052$710
20 years$2,294$1,855$1,489$1,186$940$618
21 years$2,162$1,728$1,369$1,077$841$539
22 years$2,042$1,613$1,262$979$754$471
23 years$1,932$1,509$1,165$892$677$411
24 years$1,832$1,414$1,078$813$608$360
25 years$1,740$1,327$998$743$547$315
26 years$1,655$1,247$926$679$493$276
27 years$1,577$1,173$860$621$444$242
28 years$1,504$1,106$799$569$401$213
29 years$1,437$1,043$744$522$362$187
30 years$1,374$985$693$479$327$164
31 years$1,315$931$646$440$296$144
32 years$1,260$881$602$404$268$127
33 years$1,209$834$563$372$242$111
34 years$1,160$791$526$342$219$98
35 years$1,115$750$491$315$199$86
36 years$1,072$712$460$290$180$76
37 years$1,032$676$430$267$163$67
38 years$993$643$403$246$148$59
39 years$957$611$378$227$134$52
40 years$923$581$354$210$122$45
41 years$890$553$332$193$110$40
42 years$859$527$311$178$100$35
43 years$830$502$292$165$91$31
44 years$802$479$274$152$82$27
45 years$775$456$257$140$75$24
46 years$750$435$242$130$68$21
47 years$726$416$227$120$62$19
48 years$702$397$213$111$56$16
49 years$680$379$201$102$51$14
50 years$659$362$189$95$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $675,000, adding $3,729 every year, while hoping to spend $22,362 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: 49/33/18 Blend
71$675,000$675,000$675,000$675,000
72$747,696$711,921$701,459$780,402
73$800,169$723,013$701,165$814,515
74$857,243$733,898$700,111$848,961
75$919,366$744,543$698,250$885,901
76$987,029$754,913$695,528$925,578
77$1,060,770$764,968$691,893$968,261
78$1,141,185$774,667$687,287$1,014,245
79$1,228,926$783,967$681,652$1,063,858
80$1,324,715$792,819$674,925$1,117,460
81$1,429,343$801,174$667,042$1,175,450
82$1,543,682$808,978$657,934$1,238,267
83$1,668,693$816,173$647,530$1,306,397
84$1,805,433$822,699$635,756$1,380,377
85$1,955,066$828,491$622,533$1,460,797
86$2,118,875$833,479$607,780$1,548,311
87$2,298,271$837,589$591,411$1,643,640
88$2,494,807$840,745$573,336$1,747,579
89$2,710,197$842,861$553,463$1,861,007
90$2,946,326$843,850$531,693$1,984,893
91$3,205,271$843,617$507,923$2,120,307
92$3,489,317$842,064$482,048$2,268,430
93$3,800,986$839,083$453,955$2,430,564
94$4,143,051$834,563$423,527$2,608,148
95$4,518,569$828,383$390,642$2,802,767
96$4,930,907$820,418$355,172$3,016,173
97$5,383,775$810,533$316,985$3,250,297
98$5,881,256$798,586$275,941$3,507,270
99$6,427,854$784,427$231,895$3,789,444
100$7,028,526$767,894$184,694$4,099,412