Can I retire at age 72 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$56,071$55,572$55,084$54,609$54,144$52,622
2 years$27,758$27,241$26,740$26,254$25,783$24,261
3 years$18,322$17,802$17,303$16,821$16,358$14,884
4 years$13,604$13,087$12,592$12,119$11,667$10,252
5 years$10,775$10,260$9,772$9,308$8,869$7,517
6 years$8,889$8,378$7,897$7,444$7,018$5,730
7 years$7,542$7,036$6,562$6,120$5,707$4,484
8 years$6,533$6,031$5,566$5,134$4,735$3,575
9 years$5,748$5,251$4,794$4,373$3,987$2,890
10 years$5,121$4,629$4,179$3,770$3,397$2,361
11 years$4,608$4,121$3,679$3,281$2,922$1,945
12 years$4,181$3,698$3,265$2,878$2,532$1,613
13 years$3,819$3,342$2,917$2,541$2,208$1,345
14 years$3,510$3,038$2,621$2,255$1,935$1,126
15 years$3,242$2,775$2,367$2,011$1,704$946
16 years$3,008$2,546$2,146$1,801$1,506$797
17 years$2,802$2,345$1,952$1,618$1,335$673
18 years$2,619$2,167$1,782$1,458$1,187$569
19 years$2,455$2,008$1,632$1,318$1,058$483
20 years$2,308$1,866$1,497$1,193$945$410
21 years$2,175$1,738$1,377$1,083$846$348
22 years$2,054$1,623$1,269$985$758$296
23 years$1,944$1,518$1,172$897$681$252
24 years$1,843$1,422$1,084$818$612$215
25 years$1,751$1,334$1,004$747$551$183
26 years$1,665$1,254$931$683$496$156
27 years$1,586$1,180$865$625$447$133
28 years$1,513$1,112$804$573$403$114
29 years$1,445$1,049$748$525$364$97
30 years$1,382$991$697$482$329$83
31 years$1,323$937$650$443$298$71
32 years$1,268$886$606$407$269$61
33 years$1,216$839$566$374$244$52
34 years$1,167$795$529$344$221$44
35 years$1,122$755$494$317$200$38
36 years$1,078$716$462$292$181$32
37 years$1,038$680$433$269$164$28
38 years$999$646$405$248$149$24
39 years$963$615$380$229$135$20
40 years$928$585$356$211$122$17
41 years$896$557$334$194$111$15
42 years$864$530$313$179$101$13
43 years$835$505$294$166$91$11
44 years$807$482$276$153$83$9
45 years$780$459$259$141$75$8
46 years$754$438$243$131$68$7
47 years$730$418$228$121$62$6
48 years$707$399$215$111$56$5
49 years$684$381$202$103$51$4
50 years$663$364$190$95$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $679,000, adding $6,109 every year, while hoping to spend $42,657 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: 35/48/17 Blend
71$679,000$679,000$679,000$679,000
72$754,559$718,572$708,048$776,841
73$786,138$708,396$686,381$783,445
74$819,507$696,291$662,558$786,128
75$854,806$682,118$636,463$788,117
76$892,184$665,729$607,972$789,375
77$931,805$646,969$576,958$789,863
78$973,850$625,670$543,286$789,544
79$1,018,513$601,659$506,817$788,382
80$1,066,010$574,749$467,403$786,339
81$1,116,575$544,743$424,894$783,380
82$1,170,466$511,436$379,128$779,472
83$1,227,963$474,606$329,938$774,585
84$1,289,376$434,022$277,152$768,689
85$1,355,041$389,439$220,586$761,760
86$1,425,331$340,596$160,050$753,776
87$1,500,650$287,221$95,347$744,723
88$1,581,445$229,023$26,270$734,588
89$1,668,204$165,697$0$723,370
90$1,761,464$96,920$0$719,679
91$1,861,815$22,351$0$720,569
92$1,969,903$0$0$721,337
93$2,086,439$0$0$752,896
94$2,212,203$0$0$799,770
95$2,348,053$0$0$850,483
96$2,494,931$0$0$905,396
97$2,653,872$0$0$964,908
98$2,826,017$0$0$1,029,455
99$3,012,615$0$0$1,099,519
100$3,215,045$0$0$1,175,629