Can I retire at age 72 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$59,457$58,927$58,411$57,906$57,414$56,720
2 years$29,434$28,886$28,355$27,840$27,340$26,642
3 years$19,428$18,877$18,347$17,837$17,346$16,664
4 years$14,426$13,877$13,352$12,851$12,371$11,712
5 years$11,425$10,880$10,362$9,870$9,404$8,770
6 years$9,425$8,884$8,374$7,894$7,441$6,832
7 years$7,998$7,461$6,959$6,490$6,052$5,468
8 years$6,927$6,395$5,902$5,444$5,020$4,462
9 years$6,095$5,568$5,083$4,637$4,228$3,695
10 years$5,430$4,908$4,431$3,997$3,602$3,094
11 years$4,886$4,369$3,901$3,479$3,098$2,614
12 years$4,433$3,922$3,462$3,051$2,685$2,225
13 years$4,050$3,544$3,093$2,694$2,341$1,904
14 years$3,722$3,221$2,779$2,391$2,052$1,638
15 years$3,438$2,943$2,509$2,133$1,807$1,415
16 years$3,190$2,700$2,275$1,910$1,597$1,226
17 years$2,971$2,487$2,070$1,716$1,416$1,066
18 years$2,777$2,298$1,890$1,546$1,259$928
19 years$2,603$2,130$1,730$1,397$1,122$811
20 years$2,447$1,979$1,588$1,265$1,002$709
21 years$2,306$1,843$1,461$1,148$897$621
22 years$2,178$1,721$1,346$1,044$804$545
23 years$2,061$1,609$1,243$951$722$478
24 years$1,954$1,508$1,149$867$649$421
25 years$1,856$1,415$1,065$792$584$370
26 years$1,766$1,330$987$724$526$326
27 years$1,682$1,252$917$663$474$287
28 years$1,605$1,179$852$607$428$253
29 years$1,533$1,113$793$557$386$223
30 years$1,466$1,051$739$511$349$197
31 years$1,403$993$689$469$316$174
32 years$1,344$940$643$431$285$154
33 years$1,289$890$600$397$258$136
34 years$1,238$844$561$365$234$120
35 years$1,189$800$524$336$212$106
36 years$1,144$759$490$309$192$94
37 years$1,100$721$459$285$174$83
38 years$1,060$685$430$263$158$74
39 years$1,021$652$403$242$143$65
40 years$984$620$377$224$130$58
41 years$950$590$354$206$118$51
42 years$917$562$332$190$107$45
43 years$885$536$312$176$97$40
44 years$855$511$292$162$88$35
45 years$827$487$275$150$80$31
46 years$800$464$258$138$73$28
47 years$774$443$242$128$66$24
48 years$749$423$228$118$60$22
49 years$726$404$214$109$54$19
50 years$703$386$201$101$49$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $720,000, adding $2,968 every year, while hoping to spend $49,272 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: 59/21/20 Blend
71$720,000$720,000$720,000$720,000
72$796,501$758,341$747,181$839,131
73$825,320$743,075$719,787$853,124
74$855,426$725,409$689,823$862,741
75$886,899$705,175$657,153$872,125
76$919,826$682,191$621,630$881,264
77$954,299$656,269$583,106$890,144
78$990,419$627,208$541,421$898,754
79$1,028,295$594,794$496,411$907,085
80$1,068,044$558,802$447,905$915,128
81$1,109,797$518,996$395,722$922,878
82$1,153,691$475,122$339,674$930,330
83$1,199,880$426,915$279,565$937,486
84$1,248,528$374,095$215,191$944,348
85$1,299,816$316,363$146,338$950,924
86$1,353,939$253,406$72,782$957,226
87$1,411,111$184,894$0$963,272
88$1,471,565$110,474$0$970,306
89$1,535,557$29,779$0$993,795
90$1,603,362$0$0$1,018,284
91$1,675,287$0$0$1,057,188
92$1,751,661$0$0$1,105,835
93$1,832,849$0$0$1,157,580
94$1,919,247$0$0$1,212,681
95$2,011,290$0$0$1,271,417
96$2,109,455$0$0$1,334,099
97$2,214,262$0$0$1,401,064
98$2,326,283$0$0$1,472,682
99$2,446,145$0$0$1,549,359
100$2,574,534$0$0$1,631,541