Can I retire at age 72 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$59,374$58,845$58,329$57,826$57,334$55,432
2 years$29,393$28,846$28,315$27,801$27,302$25,404
3 years$19,401$18,851$18,322$17,812$17,321$15,488
4 years$14,406$13,858$13,334$12,833$12,354$10,598
5 years$11,409$10,864$10,347$9,857$9,391$7,718
6 years$9,412$8,872$8,362$7,883$7,431$5,841
7 years$7,987$7,450$6,949$6,481$6,043$4,537
8 years$6,918$6,386$5,893$5,436$5,014$3,590
9 years$6,087$5,560$5,076$4,631$4,222$2,880
10 years$5,422$4,901$4,425$3,992$3,597$2,334
11 years$4,879$4,363$3,896$3,474$3,094$1,906
12 years$4,427$3,916$3,458$3,047$2,681$1,567
13 years$4,044$3,539$3,089$2,690$2,338$1,295
14 years$3,717$3,217$2,776$2,388$2,049$1,074
15 years$3,433$2,939$2,506$2,130$1,805$894
16 years$3,185$2,696$2,272$1,907$1,595$746
17 years$2,967$2,483$2,067$1,713$1,414$624
18 years$2,773$2,295$1,887$1,544$1,257$523
19 years$2,600$2,127$1,728$1,395$1,121$439
20 years$2,444$1,976$1,586$1,264$1,001$369
21 years$2,303$1,841$1,459$1,147$896$310
22 years$2,175$1,718$1,344$1,043$803$261
23 years$2,058$1,607$1,241$950$721$220
24 years$1,952$1,506$1,148$866$648$186
25 years$1,854$1,413$1,063$791$583$157
26 years$1,763$1,328$986$723$525$132
27 years$1,680$1,250$916$662$473$112
28 years$1,602$1,178$851$607$427$94
29 years$1,531$1,111$792$556$386$80
30 years$1,464$1,049$738$510$349$67
31 years$1,401$992$688$469$315$57
32 years$1,342$939$642$431$285$48
33 years$1,288$889$599$396$258$41
34 years$1,236$842$560$365$234$34
35 years$1,188$799$523$336$212$29
36 years$1,142$758$490$309$192$25
37 years$1,099$720$458$285$174$21
38 years$1,058$684$429$262$157$18
39 years$1,020$651$402$242$143$15
40 years$983$619$377$223$130$13
41 years$948$589$353$206$118$11
42 years$915$561$332$190$107$9
43 years$884$535$311$175$97$8
44 years$854$510$292$162$88$6
45 years$826$486$274$150$80$5
46 years$799$464$258$138$72$5
47 years$773$443$242$128$66$4
48 years$748$423$227$118$60$3
49 years$725$404$214$109$54$3
50 years$702$385$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $719,000, adding $4,811 every year, while hoping to spend $40,260 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: 53/40/7 Blend
71$719,000$719,000$719,000$719,000
72$797,301$759,194$748,049$837,969
73$835,789$753,558$730,272$860,431
74$876,854$746,296$710,551$880,044
75$920,715$737,287$688,777$900,412
76$967,615$726,401$664,838$921,614
77$1,017,818$713,501$638,615$943,738
78$1,071,613$698,441$609,987$966,884
79$1,129,320$681,067$578,825$991,163
80$1,191,288$661,216$544,993$1,016,703
81$1,257,901$638,717$508,351$1,043,644
82$1,329,578$613,385$468,752$1,072,146
83$1,406,783$585,029$426,043$1,102,385
84$1,490,022$553,443$380,063$1,134,562
85$1,579,854$518,411$330,645$1,168,899
86$1,676,891$479,706$277,613$1,205,646
87$1,781,807$437,084$220,786$1,245,081
88$1,895,341$390,290$159,972$1,287,516
89$2,018,306$339,056$94,972$1,333,298
90$2,151,598$283,094$25,578$1,382,815
91$2,296,200$222,104$0$1,436,500
92$2,453,192$155,768$0$1,498,454
93$2,623,766$83,748$0$1,567,869
94$2,809,229$5,691$0$1,643,447
95$3,011,021$0$0$1,725,871
96$3,230,727$0$0$1,850,577
97$3,470,088$0$0$1,989,233
98$3,731,024$0$0$2,140,454
99$4,015,646$0$0$2,305,472
100$4,326,277$0$0$2,485,642