Can I retire at age 72 with 697,000?

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 $697,000?

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%
1 years$57,558$57,045$56,545$56,056$55,580$55,322
2 years$28,494$27,963$27,449$26,950$26,467$26,207
3 years$18,807$18,274$17,761$17,267$16,791$16,537
4 years$13,965$13,434$12,926$12,440$11,976$11,729
5 years$11,060$10,532$10,031$9,555$9,104$8,865
6 years$9,124$8,600$8,106$7,641$7,204$6,974
7 years$7,742$7,222$6,736$6,282$5,858$5,637
8 years$6,706$6,191$5,713$5,270$4,860$4,648
9 years$5,901$5,390$4,921$4,489$4,093$3,889
10 years$5,257$4,751$4,290$3,870$3,487$3,292
11 years$4,730$4,230$3,777$3,368$2,999$2,813
12 years$4,291$3,796$3,352$2,954$2,599$2,421
13 years$3,921$3,431$2,995$2,608$2,266$2,097
14 years$3,603$3,119$2,691$2,315$1,987$1,825
15 years$3,328$2,849$2,429$2,065$1,749$1,595
16 years$3,088$2,614$2,203$1,849$1,546$1,399
17 years$2,876$2,407$2,004$1,661$1,371$1,232
18 years$2,688$2,224$1,830$1,497$1,219$1,087
19 years$2,520$2,062$1,675$1,353$1,086$961
20 years$2,369$1,916$1,537$1,225$970$852
21 years$2,232$1,784$1,414$1,112$868$756
22 years$2,108$1,666$1,303$1,011$778$672
23 years$1,995$1,558$1,203$921$699$599
24 years$1,892$1,460$1,113$840$628$534
25 years$1,797$1,370$1,031$767$565$476
26 years$1,709$1,287$956$701$509$425
27 years$1,628$1,212$888$642$459$380
28 years$1,553$1,142$825$588$414$340
29 years$1,484$1,077$768$539$374$304
30 years$1,419$1,017$715$495$338$273
31 years$1,358$962$667$454$305$244
32 years$1,301$910$622$418$276$219
33 years$1,248$862$581$384$250$196
34 years$1,198$817$543$353$226$176
35 years$1,151$775$507$325$205$158
36 years$1,107$735$475$300$186$142
37 years$1,065$698$444$276$168$128
38 years$1,026$664$416$254$153$115
39 years$988$631$390$235$138$103
40 years$953$600$365$216$126$93
41 years$919$571$343$200$114$83
42 years$887$544$321$184$103$75
43 years$857$519$302$170$94$67
44 years$828$494$283$157$85$60
45 years$801$471$266$145$77$54
46 years$774$450$250$134$70$49
47 years$749$429$235$124$64$44
48 years$725$410$220$114$58$40
49 years$702$391$207$106$53$36
50 years$681$374$195$98$48$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $697,000, adding $4,106 every year, while hoping to spend $28,532 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: 56/39/5 Blend
71$697,000$697,000$697,000$697,000
72$772,329$735,388$724,585$814,588
73$820,749$741,065$718,501$849,171
74$873,151$746,063$711,256$883,255
75$929,912$750,319$702,783$919,663
76$991,445$753,767$693,008$958,621
77$1,058,205$756,334$681,856$1,000,376
78$1,130,692$757,944$669,249$1,045,201
79$1,209,456$758,517$655,102$1,093,398
80$1,295,102$757,966$639,329$1,145,301
81$1,388,296$756,199$621,840$1,201,278
82$1,489,770$753,121$602,539$1,261,739
83$1,600,330$748,627$581,328$1,327,132
84$1,720,863$742,609$558,102$1,397,954
85$1,852,346$734,952$532,753$1,474,757
86$1,995,852$725,532$505,167$1,558,146
87$2,152,565$714,218$475,226$1,648,793
88$2,323,786$700,875$442,806$1,747,438
89$2,510,949$685,355$407,777$1,854,899
90$2,715,632$667,503$370,004$1,972,080
91$2,939,573$647,157$329,345$2,099,980
92$3,184,685$624,143$285,653$2,239,700
93$3,453,074$598,277$238,774$2,392,458
94$3,747,060$569,366$188,545$2,559,598
95$4,069,199$537,203$134,801$2,742,604
96$4,422,304$501,573$77,363$2,943,115
97$4,809,475$462,246$16,050$3,162,940
98$5,234,123$418,978$0$3,404,077
99$5,700,010$371,514$0$3,671,364
100$6,211,275$319,582$0$3,965,686