Can I retire at age 72 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$59,705$59,173$58,654$58,148$57,653$57,004
2 years$29,557$29,006$28,473$27,956$27,454$26,800
3 years$19,509$18,956$18,424$17,911$17,418$16,780
4 years$14,486$13,935$13,408$12,904$12,423$11,805
5 years$11,473$10,925$10,405$9,912$9,443$8,849
6 years$9,465$8,921$8,409$7,926$7,472$6,901
7 years$8,031$7,492$6,988$6,517$6,077$5,530
8 years$6,956$6,422$5,926$5,467$5,041$4,518
9 years$6,121$5,591$5,104$4,656$4,246$3,745
10 years$5,453$4,929$4,450$4,014$3,617$3,140
11 years$4,906$4,388$3,918$3,493$3,111$2,656
12 years$4,452$3,938$3,477$3,064$2,696$2,263
13 years$4,067$3,559$3,106$2,705$2,351$1,940
14 years$3,738$3,235$2,791$2,401$2,061$1,671
15 years$3,452$2,955$2,520$2,142$1,815$1,445
16 years$3,203$2,711$2,285$1,918$1,604$1,254
17 years$2,983$2,497$2,079$1,723$1,422$1,091
18 years$2,788$2,307$1,898$1,553$1,264$952
19 years$2,614$2,138$1,737$1,403$1,127$833
20 years$2,457$1,987$1,594$1,271$1,007$729
21 years$2,316$1,851$1,467$1,153$901$640
22 years$2,187$1,728$1,352$1,049$807$562
23 years$2,070$1,616$1,248$955$725$494
24 years$1,963$1,514$1,154$871$651$435
25 years$1,864$1,421$1,069$795$586$384
26 years$1,773$1,335$992$727$528$338
27 years$1,689$1,257$921$666$476$299
28 years$1,611$1,184$856$610$430$264
29 years$1,539$1,117$796$559$388$233
30 years$1,472$1,055$742$513$350$206
31 years$1,409$997$692$471$317$182
32 years$1,350$944$645$433$287$161
33 years$1,295$894$603$398$259$143
34 years$1,243$847$563$367$235$126
35 years$1,194$803$526$337$213$112
36 years$1,148$763$492$311$193$99
37 years$1,105$724$461$286$175$88
38 years$1,064$688$432$264$158$78
39 years$1,025$655$404$243$144$69
40 years$988$623$379$224$130$61
41 years$954$593$355$207$118$54
42 years$920$565$333$191$107$48
43 years$889$538$313$176$97$43
44 years$859$513$294$163$88$38
45 years$830$489$276$150$80$34
46 years$803$466$259$139$73$30
47 years$777$445$243$128$66$26
48 years$752$425$229$119$60$23
49 years$729$406$215$110$55$21
50 years$706$388$202$101$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $723,000, adding $3,961 every year, while hoping to spend $21,249 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: 59/20/21 Blend
71$723,000$723,000$723,000$723,000
72$800,832$762,513$751,306$843,405
73$859,908$777,267$753,866$887,522
74$924,297$792,032$755,800$932,959
75$994,520$806,786$757,064$982,043
76$1,071,148$821,506$757,612$1,035,130
77$1,154,810$836,164$757,397$1,092,615
78$1,246,200$850,735$756,369$1,154,930
79$1,346,079$865,188$754,474$1,222,555
80$1,455,289$879,492$751,658$1,296,017
81$1,574,753$893,612$747,863$1,375,897
82$1,705,489$907,510$743,029$1,462,836
83$1,848,619$921,149$737,090$1,557,541
84$2,005,378$934,484$729,982$1,660,792
85$2,177,124$947,471$721,634$1,773,448
86$2,365,355$960,062$711,973$1,896,456
87$2,571,719$972,203$700,922$2,030,861
88$2,798,033$983,840$688,402$2,177,815
89$3,046,298$994,913$674,328$2,338,587
90$3,318,715$1,005,359$658,614$2,514,579
91$3,617,712$1,015,110$641,166$2,707,333
92$3,945,963$1,024,094$621,889$2,918,552
93$4,306,411$1,032,235$600,682$3,150,112
94$4,702,301$1,039,450$577,441$3,404,083
95$5,137,206$1,045,653$552,055$3,682,747
96$5,615,062$1,050,751$524,410$3,988,617
97$6,140,206$1,054,645$494,385$4,324,468
98$6,717,415$1,057,231$461,855$4,693,355
99$7,351,953$1,058,398$426,689$5,098,651
100$8,049,619$1,058,026$388,750$5,544,070