Can I retire at age 72 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$57,392$56,881$56,382$55,896$55,420$54,887
2 years$28,412$27,883$27,370$26,873$26,391$25,854
3 years$18,753$18,222$17,710$17,218$16,743$16,219
4 years$13,925$13,395$12,889$12,404$11,941$11,434
5 years$11,028$10,502$10,002$9,528$9,078$8,588
6 years$9,098$8,576$8,083$7,619$7,183$6,712
7 years$7,720$7,202$6,717$6,264$5,842$5,390
8 years$6,687$6,173$5,697$5,255$4,846$4,414
9 years$5,884$5,375$4,907$4,476$4,081$3,668
10 years$5,241$4,738$4,278$3,858$3,477$3,083
11 years$4,716$4,218$3,766$3,358$2,991$2,614
12 years$4,279$3,786$3,342$2,945$2,592$2,233
13 years$3,909$3,421$2,986$2,600$2,260$1,919
14 years$3,593$3,110$2,683$2,308$1,981$1,657
15 years$3,319$2,841$2,422$2,059$1,744$1,437
16 years$3,079$2,606$2,196$1,843$1,542$1,251
17 years$2,868$2,400$1,998$1,656$1,367$1,091
18 years$2,680$2,218$1,824$1,493$1,215$955
19 years$2,513$2,056$1,670$1,349$1,083$837
20 years$2,362$1,910$1,533$1,221$968$736
21 years$2,226$1,779$1,410$1,109$866$647
22 years$2,102$1,661$1,299$1,008$776$570
23 years$1,990$1,553$1,200$918$697$503
24 years$1,887$1,455$1,110$837$626$445
25 years$1,792$1,366$1,028$765$564$393
26 years$1,705$1,284$953$699$508$348
27 years$1,624$1,208$885$640$458$308
28 years$1,549$1,138$823$586$413$273
29 years$1,479$1,074$766$538$373$242
30 years$1,415$1,014$713$493$337$215
31 years$1,354$959$665$453$305$190
32 years$1,298$907$620$416$276$169
33 years$1,245$859$579$383$249$150
34 years$1,195$814$541$352$226$133
35 years$1,148$772$506$324$204$118
36 years$1,104$733$473$299$185$105
37 years$1,062$696$443$275$168$94
38 years$1,023$662$415$254$152$83
39 years$985$629$389$234$138$74
40 years$950$599$364$216$125$66
41 years$917$570$342$199$114$59
42 years$885$543$320$184$103$52
43 years$855$517$301$170$94$46
44 years$826$493$282$157$85$41
45 years$798$470$265$145$77$37
46 years$772$448$249$134$70$33
47 years$747$428$234$123$64$29
48 years$723$408$220$114$58$26
49 years$700$390$207$105$52$23
50 years$679$373$194$97$48$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $695,000, adding $3,375 every year, while hoping to spend $46,122 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: 56/35/9 Blend
71$695,000$695,000$695,000$695,000
72$769,371$732,536$721,764$810,611
73$798,774$719,357$696,869$825,663
74$829,629$703,986$669,595$836,644
75$862,038$686,268$639,813$847,492
76$896,107$666,037$607,388$858,200
77$931,955$643,117$572,181$868,764
78$969,709$617,325$534,044$879,181
79$1,009,510$588,464$492,824$889,451
80$1,051,508$556,326$448,362$899,578
81$1,095,869$520,694$400,489$909,567
82$1,142,773$481,334$349,031$919,429
83$1,192,419$438,002$293,807$929,178
84$1,245,020$390,439$234,624$938,835
85$1,300,813$338,371$171,284$948,425
86$1,360,053$281,508$103,580$957,982
87$1,423,023$219,546$31,294$967,548
88$1,490,029$152,162$0$977,172
89$1,561,409$79,014$0$991,319
90$1,637,530$0$0$1,009,150
91$1,718,796$0$0$1,027,867
92$1,805,650$0$0$1,080,432
93$1,898,577$0$0$1,136,712
94$1,998,108$0$0$1,197,034
95$2,104,826$0$0$1,261,757
96$2,219,371$0$0$1,331,274
97$2,342,445$0$0$1,406,017
98$2,474,818$0$0$1,486,462
99$2,617,337$0$0$1,573,128
100$2,770,931$0$0$1,666,588