Can I retire at age 72 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$57,227$56,718$56,220$55,735$55,261$55,028
2 years$28,330$27,803$27,291$26,796$26,315$26,080
3 years$18,699$18,169$17,659$17,168$16,695$16,465
4 years$13,885$13,356$12,851$12,369$11,907$11,684
5 years$10,997$10,472$9,973$9,500$9,052$8,836
6 years$9,072$8,551$8,060$7,598$7,162$6,954
7 years$7,698$7,181$6,698$6,246$5,825$5,625
8 years$6,668$6,155$5,680$5,240$4,832$4,640
9 years$5,867$5,359$4,892$4,463$4,069$3,885
10 years$5,226$4,724$4,265$3,847$3,467$3,291
11 years$4,703$4,206$3,755$3,348$2,982$2,813
12 years$4,267$3,775$3,333$2,937$2,584$2,423
13 years$3,898$3,411$2,977$2,593$2,253$2,099
14 years$3,583$3,101$2,675$2,302$1,975$1,828
15 years$3,309$2,833$2,415$2,053$1,739$1,599
16 years$3,070$2,599$2,190$1,838$1,537$1,404
17 years$2,860$2,393$1,993$1,651$1,363$1,237
18 years$2,673$2,212$1,819$1,488$1,212$1,092
19 years$2,506$2,050$1,665$1,345$1,080$966
20 years$2,355$1,905$1,528$1,218$965$857
21 years$2,220$1,774$1,406$1,105$863$761
22 years$2,096$1,656$1,296$1,005$774$678
23 years$1,984$1,549$1,196$915$695$604
24 years$1,881$1,451$1,106$835$624$539
25 years$1,787$1,362$1,025$762$562$481
26 years$1,700$1,280$950$697$506$430
27 years$1,619$1,205$882$638$456$385
28 years$1,545$1,135$820$585$412$344
29 years$1,475$1,071$763$536$372$308
30 years$1,411$1,011$711$492$336$276
31 years$1,350$956$663$452$304$248
32 years$1,294$905$619$415$275$222
33 years$1,241$857$578$382$249$200
34 years$1,191$812$540$351$225$179
35 years$1,145$770$505$323$204$161
36 years$1,101$731$472$298$185$145
37 years$1,059$694$442$274$167$130
38 years$1,020$660$414$253$152$117
39 years$983$627$388$233$138$105
40 years$947$597$363$215$125$95
41 years$914$568$341$198$113$85
42 years$882$541$320$183$103$77
43 years$852$516$300$169$93$69
44 years$823$491$281$156$85$62
45 years$796$469$264$144$77$56
46 years$770$447$248$133$70$50
47 years$745$427$233$123$63$45
48 years$721$407$219$114$58$41
49 years$698$389$206$105$52$37
50 years$677$372$194$97$47$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $693,000, adding $3,339 every year, while hoping to spend $38,836 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: 74/19/7 Blend
71$693,000$693,000$693,000$693,000
72$767,130$730,401$719,660$822,919
73$804,056$724,870$702,447$854,585
74$843,447$717,765$683,356$884,023
75$885,513$708,970$662,283$915,167
76$930,485$698,360$639,119$948,171
77$978,616$685,800$613,751$983,207
78$1,030,182$671,152$586,059$1,020,463
79$1,085,489$654,266$555,920$1,060,151
80$1,144,868$634,985$523,203$1,102,501
81$1,208,687$613,142$487,773$1,147,768
82$1,277,348$588,560$449,488$1,196,236
83$1,351,291$561,054$408,199$1,248,215
84$1,431,002$530,424$363,753$1,304,052
85$1,517,012$496,463$315,986$1,364,127
86$1,609,906$458,949$264,731$1,428,860
87$1,710,328$417,649$209,811$1,498,717
88$1,818,984$372,316$151,042$1,574,212
89$1,936,650$322,689$88,232$1,655,912
90$2,064,180$268,492$21,179$1,744,443
91$2,202,513$209,435$0$1,840,499
92$2,352,681$145,209$0$1,948,607
93$2,515,819$75,489$0$2,067,783
94$2,693,178$0$0$2,197,392
95$2,886,131$0$0$2,338,497
96$3,096,189$0$0$2,509,320
97$3,325,017$0$0$2,695,435
98$3,574,446$0$0$2,898,334
99$3,846,490$0$0$3,119,659
100$4,143,368$0$0$3,361,219