Can I retire at age 72 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$58,383$57,863$57,356$56,861$56,377$55,812
2 years$28,903$28,364$27,843$27,337$26,846$26,277
3 years$19,077$18,536$18,016$17,515$17,032$16,476
4 years$14,165$13,626$13,111$12,619$12,148$11,610
5 years$11,219$10,683$10,175$9,692$9,234$8,716
6 years$9,255$8,724$8,223$7,751$7,307$6,808
7 years$7,853$7,326$6,833$6,373$5,942$5,464
8 years$6,802$6,280$5,795$5,346$4,930$4,472
9 years$5,985$5,468$4,991$4,553$4,152$3,714
10 years$5,332$4,819$4,351$3,925$3,537$3,119
11 years$4,798$4,291$3,831$3,416$3,042$2,644
12 years$4,353$3,851$3,400$2,996$2,636$2,257
13 years$3,977$3,480$3,038$2,645$2,299$1,938
14 years$3,655$3,163$2,729$2,348$2,015$1,673
15 years$3,376$2,890$2,464$2,094$1,774$1,450
16 years$3,132$2,651$2,234$1,875$1,568$1,261
17 years$2,917$2,442$2,033$1,685$1,390$1,099
18 years$2,727$2,256$1,856$1,518$1,236$961
19 years$2,556$2,091$1,699$1,372$1,102$842
20 years$2,403$1,943$1,559$1,243$984$739
21 years$2,264$1,810$1,434$1,128$881$650
22 years$2,139$1,690$1,322$1,025$790$573
23 years$2,024$1,580$1,220$934$709$505
24 years$1,919$1,481$1,129$852$637$446
25 years$1,823$1,389$1,045$778$573$394
26 years$1,734$1,306$970$711$516$348
27 years$1,652$1,229$900$651$466$308
28 years$1,576$1,158$837$596$420$273
29 years$1,505$1,092$779$547$379$241
30 years$1,439$1,032$725$502$343$214
31 years$1,378$975$676$461$310$190
32 years$1,320$923$631$424$280$168
33 years$1,266$874$589$390$254$149
34 years$1,215$828$551$358$230$133
35 years$1,168$786$515$330$208$118
36 years$1,123$746$481$304$188$104
37 years$1,080$708$451$280$171$93
38 years$1,040$673$422$258$155$82
39 years$1,003$640$395$238$140$73
40 years$967$609$371$219$127$65
41 years$932$580$348$203$116$58
42 years$900$552$326$187$105$51
43 years$869$526$306$173$95$46
44 years$840$501$287$159$86$41
45 years$812$478$270$147$78$36
46 years$785$456$253$136$71$32
47 years$760$435$238$126$65$29
48 years$736$415$224$116$59$25
49 years$713$397$210$107$53$23
50 years$690$379$198$99$48$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $707,000, adding $6,138 every year, while hoping to spend $43,132 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: 57/13/30 Blend
71$707,000$707,000$707,000$707,000
72$785,445$747,974$737,016$823,411
73$819,669$738,733$715,814$840,967
74$855,937$727,593$692,456$855,096
75$894,414$714,416$666,824$869,632
76$935,277$699,056$638,796$884,629
77$978,722$681,356$608,242$900,150
78$1,024,961$661,152$575,028$916,264
79$1,074,229$638,271$539,013$933,050
80$1,126,781$612,527$500,051$950,599
81$1,182,898$583,725$457,987$969,012
82$1,242,885$551,659$412,661$988,405
83$1,307,080$516,111$363,906$1,008,906
84$1,375,852$476,850$311,547$1,030,663
85$1,449,605$433,632$255,400$1,053,840
86$1,528,783$386,199$195,274$1,078,621
87$1,613,874$334,278$130,971$1,105,214
88$1,705,413$277,581$62,283$1,133,851
89$1,803,987$215,804$0$1,164,792
90$1,910,241$148,626$0$1,201,857
91$2,024,884$75,707$0$1,263,348
92$2,148,694$0$0$1,329,747
93$2,282,526$0$0$1,402,014
94$2,427,322$0$0$1,491,966
95$2,584,114$0$0$1,589,422
96$2,754,039$0$0$1,695,095
97$2,938,346$0$0$1,809,769
98$3,138,409$0$0$1,934,305
99$3,355,740$0$0$2,069,652
100$3,592,000$0$0$2,216,853