Can I retire at age 72 with 712,000?

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 $712,000?

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%
1 years$58,796$58,273$57,762$57,263$56,776$56,277
2 years$29,107$28,565$28,040$27,530$27,036$26,533
3 years$19,212$18,668$18,143$17,639$17,153$16,662
4 years$14,265$13,723$13,204$12,708$12,234$11,758
5 years$11,298$10,759$10,247$9,761$9,300$8,841
6 years$9,321$8,785$8,281$7,806$7,359$6,917
7 years$7,909$7,378$6,881$6,418$5,984$5,561
8 years$6,850$6,324$5,836$5,384$4,965$4,559
9 years$6,028$5,506$5,027$4,586$4,181$3,793
10 years$5,370$4,854$4,382$3,953$3,562$3,191
11 years$4,832$4,321$3,858$3,440$3,064$2,710
12 years$4,384$3,878$3,424$3,017$2,655$2,318
13 years$4,005$3,505$3,059$2,664$2,315$1,994
14 years$3,681$3,186$2,749$2,365$2,030$1,725
15 years$3,400$2,910$2,482$2,109$1,787$1,497
16 years$3,154$2,670$2,250$1,888$1,579$1,305
17 years$2,938$2,459$2,047$1,697$1,400$1,140
18 years$2,746$2,272$1,869$1,529$1,245$999
19 years$2,574$2,106$1,711$1,382$1,110$878
20 years$2,420$1,957$1,570$1,251$991$772
21 years$2,280$1,823$1,444$1,136$887$680
22 years$2,154$1,701$1,331$1,033$795$600
23 years$2,038$1,591$1,229$940$714$531
24 years$1,933$1,491$1,137$858$642$469
25 years$1,836$1,399$1,053$783$577$416
26 years$1,746$1,315$976$716$520$368
27 years$1,664$1,238$907$656$469$327
28 years$1,587$1,166$843$601$423$290
29 years$1,516$1,100$784$551$382$257
30 years$1,449$1,039$731$505$345$229
31 years$1,387$982$681$464$312$203
32 years$1,329$929$636$427$282$181
33 years$1,275$880$593$392$255$161
34 years$1,224$834$554$361$231$143
35 years$1,176$791$518$332$209$127
36 years$1,131$751$485$306$190$113
37 years$1,088$713$454$282$172$101
38 years$1,048$678$425$260$156$90
39 years$1,010$645$398$240$141$80
40 years$973$613$373$221$128$71
41 years$939$584$350$204$116$64
42 years$906$556$328$188$106$57
43 years$875$530$308$174$96$50
44 years$846$505$289$160$87$45
45 years$818$481$272$148$79$40
46 years$791$459$255$137$72$36
47 years$765$438$240$126$65$32
48 years$741$418$225$117$59$28
49 years$718$400$212$108$54$25
50 years$695$382$199$100$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $712,000, adding $4,083 every year, while hoping to spend $25,212 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: 42/49/9 Blend
71$712,000$712,000$712,000$712,000
72$788,836$751,100$740,064$819,720
73$842,471$761,078$738,030$851,653
74$900,733$770,701$735,084$883,350
75$964,066$779,923$731,167$917,100
76$1,032,960$788,698$726,220$953,100
77$1,107,953$796,976$720,180$991,568
78$1,189,639$804,703$712,981$1,032,744
79$1,278,671$811,821$704,554$1,076,896
80$1,375,765$818,271$694,827$1,124,317
81$1,481,714$823,987$683,725$1,175,332
82$1,597,386$828,899$671,167$1,230,303
83$1,723,740$832,936$657,071$1,289,627
84$1,861,830$836,018$641,352$1,353,742
85$2,012,816$838,063$623,916$1,423,137
86$2,177,977$838,981$604,671$1,498,348
87$2,358,720$838,681$583,517$1,579,969
88$2,556,594$837,061$560,349$1,668,657
89$2,773,306$834,016$535,060$1,765,136
90$3,010,734$829,434$507,536$1,870,209
91$3,270,948$823,195$477,658$1,984,761
92$3,556,228$815,175$445,302$2,109,771
93$3,869,083$805,238$410,339$2,246,319
94$4,212,278$793,243$372,634$2,395,600
95$4,588,857$779,039$332,045$2,558,934
96$5,002,177$762,468$288,424$2,737,776
97$5,455,930$743,360$241,618$2,933,737
98$5,954,188$721,537$191,464$3,148,592
99$6,501,433$696,811$137,796$3,384,305
100$7,102,604$668,980$80,438$3,643,043