Can I retire at age 72 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$56,980$56,472$55,977$55,494$55,022$54,652
2 years$28,208$27,682$27,173$26,680$26,201$25,828
3 years$18,618$18,091$17,583$17,094$16,623$16,258
4 years$13,825$13,299$12,796$12,315$11,856$11,502
5 years$10,949$10,426$9,930$9,459$9,012$8,671
6 years$9,033$8,514$8,025$7,565$7,131$6,803
7 years$7,664$7,150$6,669$6,219$5,800$5,484
8 years$6,639$6,129$5,656$5,217$4,811$4,509
9 years$5,841$5,336$4,871$4,444$4,052$3,762
10 years$5,204$4,704$4,247$3,831$3,452$3,175
11 years$4,682$4,187$3,739$3,334$2,969$2,704
12 years$4,248$3,758$3,318$2,924$2,573$2,320
13 years$3,881$3,396$2,965$2,582$2,244$2,003
14 years$3,567$3,087$2,664$2,292$1,967$1,738
15 years$3,295$2,820$2,405$2,044$1,732$1,514
16 years$3,057$2,588$2,180$1,830$1,531$1,324
17 years$2,847$2,383$1,984$1,644$1,357$1,161
18 years$2,661$2,202$1,811$1,482$1,207$1,021
19 years$2,495$2,041$1,658$1,339$1,075$900
20 years$2,345$1,896$1,522$1,213$961$794
21 years$2,210$1,766$1,400$1,101$860$703
22 years$2,087$1,649$1,290$1,001$771$622
23 years$1,975$1,542$1,191$911$692$552
24 years$1,873$1,445$1,102$831$622$490
25 years$1,779$1,356$1,020$759$559$436
26 years$1,692$1,274$946$694$504$388
27 years$1,612$1,199$879$635$454$345
28 years$1,538$1,130$817$582$410$308
29 years$1,469$1,066$760$534$370$274
30 years$1,405$1,007$708$490$334$245
31 years$1,345$952$660$450$302$218
32 years$1,288$901$616$413$274$195
33 years$1,236$853$575$380$248$174
34 years$1,186$808$537$350$224$156
35 years$1,140$767$502$322$203$139
36 years$1,096$728$470$297$184$124
37 years$1,055$691$440$273$167$111
38 years$1,015$657$412$252$151$99
39 years$978$625$386$232$137$89
40 years$943$594$362$214$124$80
41 years$910$566$339$198$113$71
42 years$878$539$318$182$102$64
43 years$848$513$299$168$93$57
44 years$820$489$280$155$84$51
45 years$793$467$263$144$77$46
46 years$767$445$247$133$69$41
47 years$742$425$232$123$63$37
48 years$718$406$218$113$57$33
49 years$695$387$205$105$52$29
50 years$674$370$193$97$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $690,000, adding $6,271 every year, while hoping to spend $31,204 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: 78/17/5 Blend
71$690,000$690,000$690,000$690,000
72$766,849$730,279$719,584$825,988
73$811,866$732,861$710,489$868,227
74$860,430$734,525$700,044$909,821
75$912,868$735,191$688,170$954,497
76$969,543$734,777$674,785$1,002,546
77$1,030,850$733,196$659,804$1,054,290
78$1,097,227$730,352$643,138$1,110,083
79$1,169,153$726,148$624,692$1,170,314
80$1,247,156$720,479$604,368$1,235,414
81$1,331,815$713,232$582,064$1,305,855
82$1,423,770$704,290$557,673$1,382,160
83$1,523,721$693,527$531,082$1,464,905
84$1,632,442$680,810$502,174$1,554,723
85$1,750,780$666,000$470,826$1,652,313
86$1,879,672$648,946$436,911$1,758,445
87$2,020,146$629,491$400,295$1,873,969
88$2,173,333$607,469$360,837$1,999,822
89$2,340,481$582,702$318,393$2,137,034
90$2,522,959$555,004$272,808$2,286,744
91$2,722,279$524,177$223,925$2,450,207
92$2,940,102$490,012$171,577$2,628,804
93$3,178,257$452,287$115,589$2,824,061
94$3,438,759$410,770$55,782$3,037,658
95$3,723,826$365,211$0$3,271,448
96$4,035,902$315,352$0$3,527,904
97$4,377,674$260,915$0$3,812,051
98$4,752,107$201,609$0$4,123,405
99$5,162,460$137,126$0$4,464,715
100$5,612,327$67,141$0$4,839,011