Can I retire at age 72 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$56,319$55,817$55,328$54,850$54,384$53,682
2 years$27,881$27,361$26,858$26,370$25,897$25,191
3 years$18,402$17,881$17,379$16,896$16,430$15,742
4 years$13,664$13,144$12,647$12,172$11,718$11,053
5 years$10,822$10,305$9,815$9,350$8,908$8,267
6 years$8,928$8,415$7,932$7,477$7,049$6,434
7 years$7,576$7,067$6,591$6,147$5,732$5,144
8 years$6,562$6,058$5,590$5,157$4,756$4,193
9 years$5,774$5,274$4,815$4,392$4,005$3,468
10 years$5,143$4,649$4,198$3,786$3,412$2,900
11 years$4,628$4,139$3,696$3,295$2,935$2,447
12 years$4,199$3,715$3,280$2,890$2,543$2,080
13 years$3,836$3,357$2,930$2,552$2,218$1,778
14 years$3,526$3,051$2,633$2,265$1,944$1,528
15 years$3,257$2,788$2,377$2,020$1,712$1,317
16 years$3,022$2,558$2,155$1,809$1,513$1,140
17 years$2,814$2,355$1,961$1,625$1,341$989
18 years$2,630$2,177$1,790$1,465$1,193$861
19 years$2,466$2,017$1,639$1,323$1,063$750
20 years$2,318$1,874$1,504$1,199$950$655
21 years$2,184$1,746$1,383$1,088$850$573
22 years$2,063$1,630$1,275$989$762$502
23 years$1,952$1,524$1,177$901$684$440
24 years$1,851$1,428$1,089$822$615$387
25 years$1,758$1,340$1,008$750$553$340
26 years$1,673$1,260$935$686$498$299
27 years$1,593$1,185$868$628$449$263
28 years$1,520$1,117$807$575$405$231
29 years$1,452$1,054$751$528$366$204
30 years$1,388$995$700$484$331$180
31 years$1,329$941$652$445$299$158
32 years$1,273$890$609$409$270$140
33 years$1,221$843$568$376$245$123
34 years$1,172$799$531$346$222$109
35 years$1,127$758$497$318$201$96
36 years$1,083$719$464$293$182$85
37 years$1,042$683$435$270$165$75
38 years$1,004$649$407$249$149$66
39 years$967$617$381$230$135$58
40 years$932$587$358$212$123$51
41 years$900$559$335$195$111$45
42 years$868$533$314$180$101$40
43 years$839$507$295$166$92$36
44 years$810$484$277$154$83$31
45 years$783$461$260$142$76$28
46 years$758$440$244$131$69$25
47 years$733$420$229$121$62$22
48 years$710$401$216$112$57$19
49 years$687$383$203$103$51$17
50 years$666$366$191$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $682,000, adding $4,761 every year, while hoping to spend $27,361 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: 28/46/26 Blend
71$682,000$682,000$682,000$682,000
72$756,475$720,329$709,758$771,431
73$804,524$726,513$704,423$789,842
74$856,556$732,083$697,992$806,912
75$912,950$736,981$690,400$824,693
76$974,120$741,142$681,578$843,263
77$1,040,524$744,501$671,454$862,713
78$1,112,662$746,987$659,952$883,143
79$1,191,087$748,523$646,995$904,666
80$1,276,408$749,030$632,499$927,407
81$1,369,291$748,423$616,377$951,511
82$1,470,474$746,610$598,541$977,134
83$1,580,765$743,497$578,895$1,004,457
84$1,701,055$738,980$557,340$1,033,677
85$1,832,325$732,952$533,773$1,065,017
86$1,975,654$725,299$508,086$1,098,727
87$2,132,230$715,898$480,166$1,135,083
88$2,303,361$704,620$449,895$1,174,396
89$2,490,487$691,330$417,150$1,217,011
90$2,695,194$675,883$381,802$1,263,313
91$2,919,227$658,124$343,716$1,313,731
92$3,164,509$637,893$302,751$1,368,741
93$3,433,157$615,018$258,761$1,428,875
94$3,727,502$589,317$211,593$1,494,723
95$4,050,111$560,597$161,085$1,566,943
96$4,403,812$528,656$107,071$1,646,262
97$4,791,719$493,278$49,376$1,733,492
98$5,217,262$454,236$0$1,829,533
99$5,684,219$411,291$0$1,938,766
100$6,196,752$364,186$0$2,073,754