Can I retire at age 72 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$58,549$58,027$57,518$57,022$56,537$56,063
2 years$28,984$28,445$27,921$27,414$26,922$26,445
3 years$19,131$18,589$18,067$17,565$17,081$16,614
4 years$14,205$13,665$13,148$12,654$12,182$11,730
5 years$11,251$10,713$10,204$9,720$9,261$8,825
6 years$9,281$8,748$8,246$7,773$7,328$6,908
7 years$7,875$7,347$6,852$6,391$5,959$5,557
8 years$6,821$6,298$5,811$5,361$4,944$4,558
9 years$6,002$5,483$5,005$4,566$4,163$3,794
10 years$5,347$4,833$4,364$3,936$3,547$3,195
11 years$4,811$4,303$3,842$3,426$3,051$2,714
12 years$4,365$3,862$3,410$3,005$2,644$2,323
13 years$3,988$3,490$3,046$2,653$2,305$2,000
14 years$3,665$3,172$2,737$2,355$2,021$1,731
15 years$3,386$2,898$2,471$2,100$1,779$1,504
16 years$3,141$2,659$2,240$1,880$1,573$1,311
17 years$2,926$2,449$2,039$1,690$1,394$1,147
18 years$2,734$2,263$1,861$1,523$1,240$1,006
19 years$2,563$2,097$1,704$1,376$1,105$884
20 years$2,410$1,949$1,564$1,246$987$778
21 years$2,271$1,815$1,438$1,131$883$686
22 years$2,145$1,694$1,326$1,028$792$606
23 years$2,030$1,585$1,224$936$711$536
24 years$1,925$1,485$1,132$854$639$474
25 years$1,828$1,393$1,048$780$575$420
26 years$1,739$1,310$972$713$518$373
27 years$1,657$1,232$903$653$467$331
28 years$1,580$1,161$839$598$421$294
29 years$1,509$1,096$781$548$380$261
30 years$1,443$1,035$728$503$344$232
31 years$1,382$978$678$462$311$207
32 years$1,324$925$633$425$281$184
33 years$1,270$876$591$391$254$164
34 years$1,219$831$552$359$230$146
35 years$1,171$788$516$331$209$130
36 years$1,126$748$483$305$189$116
37 years$1,084$710$452$281$171$103
38 years$1,043$675$423$259$155$92
39 years$1,005$642$397$239$141$82
40 years$969$611$372$220$128$73
41 years$935$581$348$203$116$65
42 years$903$554$327$187$105$58
43 years$872$527$307$173$95$52
44 years$842$503$288$160$87$46
45 years$814$479$270$148$79$41
46 years$788$457$254$136$71$37
47 years$762$436$239$126$65$33
48 years$738$417$224$116$59$29
49 years$715$398$211$108$53$26
50 years$692$380$198$99$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $709,000, adding $4,295 every year, while hoping to spend $21,218 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: 33/39/28 Blend
71$709,000$709,000$709,000$709,000
72$785,748$748,171$737,182$804,880
73$843,319$762,256$739,302$833,870
74$906,050$776,320$740,781$862,909
75$974,447$790,339$741,577$893,793
76$1,049,064$804,288$741,643$926,701
77$1,130,511$818,141$740,930$961,830
78$1,219,460$831,867$739,389$999,397
79$1,316,652$845,435$736,965$1,039,643
80$1,422,901$858,812$733,604$1,082,834
81$1,539,103$871,961$729,246$1,129,266
82$1,666,247$884,842$723,831$1,179,262
83$1,805,420$897,415$717,295$1,233,184
84$1,957,818$909,634$709,570$1,291,429
85$2,124,761$921,451$700,586$1,354,436
86$2,307,700$932,815$690,269$1,422,692
87$2,508,234$943,673$678,542$1,496,733
88$2,728,126$953,964$665,325$1,577,152
89$2,969,314$963,627$650,532$1,664,606
90$3,233,935$972,596$634,076$1,759,818
91$3,524,342$980,800$615,864$1,863,588
92$3,843,129$988,162$595,799$1,976,801
93$4,193,149$994,603$573,779$2,100,432
94$4,577,549$1,000,038$549,700$2,235,561
95$4,999,795$1,004,375$523,450$2,383,377
96$5,463,702$1,007,518$494,914$2,545,197
97$5,973,476$1,009,363$463,971$2,722,472
98$6,533,751$1,009,802$430,494$2,916,807
99$7,149,629$1,008,718$394,351$3,129,971
100$7,826,735$1,005,988$355,405$3,363,919