Can I retire at age 72 with 684,000?

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 $684,000?

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$56,484$55,981$55,490$55,011$54,543$53,839
2 years$27,962$27,442$26,937$26,448$25,973$25,265
3 years$18,456$17,933$17,430$16,945$16,478$15,788
4 years$13,704$13,183$12,685$12,208$11,752$11,085
5 years$10,854$10,336$9,844$9,377$8,934$8,292
6 years$8,954$8,440$7,955$7,499$7,069$6,453
7 years$7,598$7,088$6,611$6,165$5,749$5,159
8 years$6,581$6,075$5,606$5,172$4,769$4,205
9 years$5,790$5,290$4,829$4,405$4,017$3,478
10 years$5,158$4,663$4,210$3,797$3,422$2,909
11 years$4,642$4,151$3,706$3,305$2,943$2,455
12 years$4,211$3,726$3,289$2,899$2,551$2,086
13 years$3,848$3,367$2,939$2,559$2,224$1,783
14 years$3,536$3,060$2,640$2,272$1,950$1,532
15 years$3,266$2,796$2,384$2,026$1,717$1,321
16 years$3,030$2,565$2,161$1,814$1,517$1,143
17 years$2,823$2,362$1,967$1,630$1,345$992
18 years$2,638$2,183$1,795$1,469$1,196$863
19 years$2,473$2,023$1,644$1,327$1,066$753
20 years$2,325$1,880$1,508$1,202$952$657
21 years$2,191$1,751$1,388$1,091$852$575
22 years$2,069$1,635$1,279$992$764$504
23 years$1,958$1,529$1,181$903$686$442
24 years$1,857$1,432$1,092$824$616$388
25 years$1,763$1,344$1,011$752$555$341
26 years$1,678$1,263$938$688$500$300
27 years$1,598$1,189$871$630$450$264
28 years$1,524$1,120$810$577$406$232
29 years$1,456$1,057$754$529$367$204
30 years$1,392$998$702$486$332$180
31 years$1,333$944$654$446$300$159
32 years$1,277$893$611$410$271$140
33 years$1,225$846$570$377$245$123
34 years$1,176$801$533$347$222$109
35 years$1,130$760$498$319$201$96
36 years$1,086$721$466$294$182$85
37 years$1,045$685$436$271$165$75
38 years$1,007$651$408$250$150$66
39 years$970$619$383$230$136$58
40 years$935$589$359$212$123$52
41 years$902$561$336$196$112$46
42 years$871$534$315$181$101$40
43 years$841$509$296$167$92$36
44 years$813$485$278$154$84$31
45 years$786$463$261$142$76$28
46 years$760$441$245$131$69$25
47 years$735$421$230$121$63$22
48 years$712$402$216$112$57$19
49 years$689$384$203$104$52$17
50 years$668$367$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 $684,000, adding $5,757 every year, while hoping to spend $46,511 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: 68/22/10 Blend
71$684,000$684,000$684,000$684,000
72$759,706$723,454$712,852$809,430
73$787,709$709,416$687,246$829,155
74$817,009$693,131$659,222$844,587
75$847,690$674,441$628,652$860,240
76$879,842$653,176$595,399$876,127
77$913,562$629,158$559,321$892,267
78$948,957$602,198$520,270$908,680
79$986,142$572,097$478,090$925,391
80$1,025,242$538,643$432,620$942,428
81$1,066,393$501,614$383,690$959,824
82$1,109,744$460,772$331,122$977,618
83$1,155,457$415,868$274,733$995,855
84$1,203,706$366,638$214,329$1,014,584
85$1,254,684$312,803$149,709$1,033,865
86$1,308,599$254,069$80,663$1,053,766
87$1,365,682$190,123$6,970$1,074,363
88$1,426,180$120,638$0$1,095,743
89$1,490,367$45,266$0$1,125,654
90$1,558,541$0$0$1,157,852
91$1,631,027$0$0$1,200,550
92$1,708,183$0$0$1,257,684
93$1,790,398$0$0$1,318,589
94$1,878,101$0$0$1,383,583
95$1,971,759$0$0$1,453,018
96$2,071,887$0$0$1,527,277
97$2,179,046$0$0$1,606,780
98$2,293,854$0$0$1,691,990
99$2,416,988$0$0$1,783,413
100$2,549,190$0$0$1,881,605