Can I retire at age 72 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$59,622$59,091$58,573$58,067$57,573$57,115
2 years$29,516$28,966$28,433$27,917$27,416$26,954
3 years$19,482$18,930$18,398$17,887$17,394$16,942
4 years$14,466$13,915$13,389$12,886$12,405$11,968
5 years$11,457$10,910$10,391$9,898$9,430$9,008
6 years$9,452$8,909$8,397$7,915$7,462$7,056
7 years$8,020$7,481$6,978$6,508$6,069$5,679
8 years$6,947$6,413$5,918$5,459$5,034$4,661
9 years$6,112$5,584$5,097$4,650$4,240$3,882
10 years$5,445$4,922$4,444$4,008$3,612$3,270
11 years$4,900$4,382$3,912$3,488$3,107$2,780
12 years$4,445$3,933$3,472$3,060$2,692$2,381
13 years$4,061$3,554$3,102$2,701$2,348$2,051
14 years$3,732$3,230$2,787$2,398$2,058$1,776
15 years$3,448$2,951$2,516$2,139$1,812$1,544
16 years$3,199$2,708$2,282$1,915$1,601$1,348
17 years$2,979$2,494$2,076$1,720$1,420$1,179
18 years$2,784$2,304$1,895$1,551$1,263$1,035
19 years$2,610$2,135$1,735$1,401$1,125$910
20 years$2,454$1,984$1,592$1,269$1,005$802
21 years$2,312$1,848$1,465$1,152$900$708
22 years$2,184$1,725$1,350$1,047$806$626
23 years$2,067$1,614$1,246$954$724$554
24 years$1,960$1,512$1,153$870$651$490
25 years$1,861$1,419$1,068$794$585$435
26 years$1,771$1,334$990$726$527$386
27 years$1,687$1,255$919$665$475$343
28 years$1,609$1,183$855$609$429$305
29 years$1,537$1,116$795$559$387$271
30 years$1,470$1,054$741$513$350$241
31 years$1,407$996$691$471$316$215
32 years$1,348$942$644$433$286$191
33 years$1,293$892$602$398$259$170
34 years$1,241$846$562$366$235$152
35 years$1,193$802$526$337$212$135
36 years$1,147$761$492$310$192$121
37 years$1,103$723$460$286$174$108
38 years$1,062$687$431$264$158$96
39 years$1,024$654$404$243$143$86
40 years$987$622$378$224$130$77
41 years$952$592$355$207$118$68
42 years$919$564$333$191$107$61
43 years$888$537$312$176$97$54
44 years$858$512$293$163$88$49
45 years$829$488$275$150$80$43
46 years$802$466$259$139$73$39
47 years$776$444$243$128$66$35
48 years$751$424$228$118$60$31
49 years$728$405$215$109$54$28
50 years$705$387$202$101$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $722,000, adding $2,174 every year, while hoping to spend $23,448 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: 68/9/23 Blend
71$722,000$722,000$722,000$722,000
72$797,886$759,620$748,429$847,343
73$854,322$771,893$748,553$893,037
74$915,729$783,982$747,896$940,102
75$982,588$795,852$746,405$991,036
76$1,055,431$807,467$744,028$1,046,221
77$1,134,841$818,790$740,710$1,106,078
78$1,221,462$829,777$736,390$1,171,071
79$1,316,000$840,385$731,008$1,241,711
80$1,419,234$850,566$724,499$1,318,562
81$1,532,022$860,270$716,796$1,402,245
82$1,655,307$869,442$707,827$1,493,446
83$1,790,128$878,024$697,519$1,592,920
84$1,937,629$885,956$685,794$1,701,501
85$2,099,070$893,170$672,571$1,820,106
86$2,275,838$899,598$657,765$1,949,749
87$2,469,460$905,165$641,287$2,091,546
88$2,681,618$909,791$623,043$2,246,728
89$2,914,165$913,393$602,937$2,416,652
90$3,169,141$915,880$580,866$2,602,815
91$3,448,793$917,158$556,725$2,806,865
92$3,755,596$917,125$530,401$3,030,623
93$4,092,277$915,674$501,779$3,276,092
94$4,461,837$912,690$470,737$3,545,485
95$4,867,586$908,053$437,148$3,841,237
96$5,313,165$901,633$400,878$4,166,036
97$5,802,591$893,296$361,790$4,522,843
98$6,340,283$882,895$319,738$4,914,925
99$6,931,113$870,279$274,571$5,345,881
100$7,580,448$855,284$226,130$5,819,680