Can I retire at age 72 with 716,000?

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 $716,000?

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$59,127$58,600$58,086$57,585$57,095$56,830
2 years$29,271$28,725$28,197$27,685$27,188$26,921
3 years$19,320$18,772$18,245$17,738$17,249$16,988
4 years$14,346$13,800$13,278$12,779$12,302$12,049
5 years$11,362$10,819$10,304$9,816$9,352$9,107
6 years$9,373$8,835$8,327$7,850$7,400$7,164
7 years$7,953$7,419$6,920$6,454$6,018$5,791
8 years$6,889$6,360$5,869$5,414$4,993$4,775
9 years$6,061$5,537$5,055$4,611$4,204$3,995
10 years$5,400$4,881$4,407$3,975$3,582$3,382
11 years$4,859$4,345$3,880$3,459$3,081$2,890
12 years$4,408$3,900$3,443$3,034$2,670$2,487
13 years$4,028$3,524$3,076$2,679$2,328$2,154
14 years$3,701$3,204$2,764$2,378$2,041$1,875
15 years$3,419$2,927$2,496$2,121$1,797$1,639
16 years$3,172$2,685$2,263$1,899$1,588$1,438
17 years$2,955$2,473$2,059$1,706$1,408$1,265
18 years$2,761$2,285$1,879$1,538$1,252$1,116
19 years$2,589$2,118$1,721$1,389$1,116$987
20 years$2,433$1,968$1,579$1,258$997$875
21 years$2,293$1,833$1,452$1,142$892$777
22 years$2,166$1,711$1,339$1,038$800$691
23 years$2,050$1,600$1,236$946$718$615
24 years$1,944$1,499$1,143$862$645$548
25 years$1,846$1,407$1,059$788$581$489
26 years$1,756$1,322$982$720$523$437
27 years$1,673$1,245$912$659$471$391
28 years$1,596$1,173$848$604$425$349
29 years$1,524$1,106$789$554$384$313
30 years$1,457$1,045$735$508$347$280
31 years$1,395$988$685$467$314$251
32 years$1,337$935$639$429$284$225
33 years$1,282$885$597$395$257$202
34 years$1,231$839$558$363$233$181
35 years$1,183$796$521$334$211$163
36 years$1,137$755$488$308$191$146
37 years$1,094$717$456$284$173$131
38 years$1,054$682$427$261$157$118
39 years$1,015$648$400$241$142$106
40 years$979$617$375$222$129$95
41 years$944$587$352$205$117$85
42 years$912$559$330$189$106$77
43 years$880$533$310$175$96$69
44 years$851$508$291$161$87$62
45 years$822$484$273$149$79$56
46 years$795$462$256$138$72$50
47 years$770$441$241$127$65$45
48 years$745$421$226$117$59$41
49 years$722$402$213$109$54$37
50 years$699$384$200$100$49$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $716,000, adding $6,667 every year, while hoping to spend $37,587 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: 59/29/12 Blend
71$716,000$716,000$716,000$716,000
72$795,909$757,961$746,863$840,150
73$837,099$755,109$731,891$867,882
74$881,232$750,857$715,157$893,306
75$928,566$745,098$696,563$920,125
76$979,388$737,716$676,006$948,479
77$1,034,011$728,589$653,378$978,519
78$1,092,779$717,590$628,566$1,010,418
79$1,156,071$704,580$601,451$1,044,364
80$1,224,301$689,415$571,910$1,080,568
81$1,297,926$671,942$539,815$1,119,264
82$1,377,445$651,999$505,030$1,160,711
83$1,463,411$629,412$467,415$1,205,199
84$1,556,426$604,002$426,821$1,253,046
85$1,657,158$575,574$383,096$1,304,608
86$1,766,337$543,925$336,078$1,360,278
87$1,884,766$508,841$285,599$1,420,492
88$2,013,330$470,092$231,485$1,485,736
89$2,153,002$427,439$173,552$1,556,545
90$2,304,852$380,627$111,609$1,633,514
91$2,470,055$329,386$45,457$1,717,301
92$2,649,908$273,433$0$1,808,637
93$2,845,835$212,468$0$1,911,548
94$3,059,404$146,173$0$2,030,132
95$3,292,341$74,213$0$2,159,582
96$3,546,545$0$0$2,301,025
97$3,824,108$0$0$2,456,908
98$4,127,329$0$0$2,653,129
99$4,458,744$0$0$2,867,652
100$4,821,141$0$0$3,102,288