Can I retire at age 72 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$56,402$55,899$55,409$54,931$54,463$53,895
2 years$27,922$27,402$26,898$26,409$25,935$25,362
3 years$18,429$17,907$17,404$16,920$16,454$15,895
4 years$13,684$13,164$12,666$12,190$11,735$11,194
5 years$10,838$10,320$9,829$9,363$8,921$8,400
6 years$8,941$8,427$7,944$7,488$7,059$6,558
7 years$7,587$7,077$6,601$6,156$5,741$5,260
8 years$6,571$6,067$5,598$5,164$4,762$4,303
9 years$5,782$5,282$4,822$4,399$4,011$3,571
10 years$5,151$4,656$4,204$3,792$3,417$2,998
11 years$4,635$4,145$3,701$3,300$2,939$2,539
12 years$4,205$3,720$3,284$2,895$2,547$2,166
13 years$3,842$3,362$2,934$2,555$2,221$1,859
14 years$3,531$3,056$2,637$2,268$1,947$1,603
15 years$3,261$2,792$2,381$2,023$1,714$1,389
16 years$3,026$2,561$2,158$1,811$1,515$1,207
17 years$2,818$2,359$1,964$1,628$1,343$1,052
18 years$2,634$2,180$1,793$1,467$1,194$919
19 years$2,469$2,020$1,641$1,325$1,065$805
20 years$2,321$1,877$1,506$1,200$951$706
21 years$2,188$1,749$1,385$1,089$851$620
22 years$2,066$1,632$1,277$991$763$546
23 years$1,955$1,527$1,179$902$685$481
24 years$1,854$1,430$1,090$823$615$424
25 years$1,761$1,342$1,010$751$554$374
26 years$1,675$1,261$937$687$499$331
27 years$1,596$1,187$870$629$450$292
28 years$1,522$1,119$809$576$406$259
29 years$1,454$1,055$752$528$366$229
30 years$1,390$997$701$485$331$203
31 years$1,331$942$653$445$299$180
32 years$1,275$892$610$409$271$159
33 years$1,223$844$569$376$245$141
34 years$1,174$800$532$346$222$125
35 years$1,128$759$497$319$201$111
36 years$1,085$720$465$294$182$98
37 years$1,044$684$435$271$165$87
38 years$1,005$650$408$249$150$78
39 years$968$618$382$230$136$69
40 years$934$588$358$212$123$61
41 years$901$560$336$196$112$54
42 years$870$533$315$181$101$48
43 years$840$508$296$167$92$43
44 years$812$484$277$154$83$38
45 years$785$462$260$142$76$34
46 years$759$441$245$131$69$30
47 years$734$420$230$121$62$27
48 years$711$401$216$112$57$24
49 years$688$383$203$104$52$21
50 years$667$366$191$96$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $683,000, adding $6,043 every year, while hoping to spend $22,743 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: 74/8/18 Blend
71$683,000$683,000$683,000$683,000
72$758,899$722,700$712,114$811,458
73$812,109$733,914$711,771$858,327
74$869,983$744,915$710,655$906,303
75$932,975$755,669$708,715$958,280
76$1,001,580$766,139$705,899$1,014,650
77$1,076,347$776,286$702,152$1,075,847
78$1,157,877$786,066$697,417$1,142,346
79$1,246,833$795,436$691,633$1,214,675
80$1,343,944$804,347$684,737$1,293,410
81$1,450,013$812,747$676,663$1,379,192
82$1,565,925$820,582$667,341$1,472,722
83$1,692,652$827,793$656,700$1,574,777
84$1,831,266$834,318$644,663$1,686,211
85$1,982,946$840,091$631,150$1,807,966
86$2,148,992$845,041$616,079$1,941,079
87$2,330,834$849,092$599,362$2,086,695
88$2,530,046$852,165$580,908$2,246,074
89$2,748,365$854,175$560,623$2,420,607
90$2,987,700$855,032$538,405$2,611,826
91$3,250,156$854,639$514,153$2,821,419
92$3,538,050$852,895$487,755$3,051,248
93$3,853,936$849,691$459,099$3,303,364
94$4,200,624$844,913$428,066$3,580,028
95$4,581,213$838,438$394,531$3,883,734
96$4,999,113$830,139$358,365$4,217,228
97$5,458,084$819,877$319,431$4,583,538
98$5,962,266$807,507$277,589$4,986,003
99$6,516,218$792,877$232,690$5,428,301
100$7,124,967$775,822$184,579$5,914,488