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%11.7%
1 years$59,705$59,173$58,654$58,148$57,653$57,242
2 years$29,557$29,006$28,473$27,956$27,454$27,039
3 years$19,509$18,956$18,424$17,911$17,418$17,012
4 years$14,486$13,935$13,408$12,904$12,423$12,030
5 years$11,473$10,925$10,405$9,912$9,443$9,064
6 years$9,465$8,921$8,409$7,926$7,472$7,107
7 years$8,031$7,492$6,988$6,517$6,077$5,726
8 years$6,956$6,422$5,926$5,467$5,041$4,705
9 years$6,121$5,591$5,104$4,656$4,246$3,924
10 years$5,453$4,929$4,450$4,014$3,617$3,310
11 years$4,906$4,388$3,918$3,493$3,111$2,817
12 years$4,452$3,938$3,477$3,064$2,696$2,416
13 years$4,067$3,559$3,106$2,705$2,351$2,084
14 years$3,738$3,235$2,791$2,401$2,061$1,807
15 years$3,452$2,955$2,520$2,142$1,815$1,573
16 years$3,203$2,711$2,285$1,918$1,604$1,374
17 years$2,983$2,497$2,079$1,723$1,422$1,205
18 years$2,788$2,307$1,898$1,553$1,264$1,058
19 years$2,614$2,138$1,737$1,403$1,127$932
20 years$2,457$1,987$1,594$1,271$1,007$823
21 years$2,316$1,851$1,467$1,153$901$727
22 years$2,187$1,728$1,352$1,049$807$644
23 years$2,070$1,616$1,248$955$725$570
24 years$1,963$1,514$1,154$871$651$506
25 years$1,864$1,421$1,069$795$586$450
26 years$1,773$1,335$992$727$528$400
27 years$1,689$1,257$921$666$476$356
28 years$1,611$1,184$856$610$430$317
29 years$1,539$1,117$796$559$388$282
30 years$1,472$1,055$742$513$350$251
31 years$1,409$997$692$471$317$224
32 years$1,350$944$645$433$287$200
33 years$1,295$894$603$398$259$178
34 years$1,243$847$563$367$235$159
35 years$1,194$803$526$337$213$142
36 years$1,148$763$492$311$193$127
37 years$1,105$724$461$286$175$114
38 years$1,064$688$432$264$158$101
39 years$1,025$655$404$243$144$91
40 years$988$623$379$224$130$81
41 years$954$593$355$207$118$73
42 years$920$565$333$191$107$65
43 years$889$538$313$176$97$58
44 years$859$513$294$163$88$52
45 years$830$489$276$150$80$46
46 years$803$466$259$139$73$42
47 years$777$445$243$128$66$37
48 years$752$425$229$119$60$33
49 years$729$406$215$110$55$30
50 years$706$388$202$101$50$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $723,000, adding $5,081 every year, while hoping to spend $35,413 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: 44/28/28 Blend
71$723,000$723,000$723,000$723,000
72$801,987$763,668$752,462$830,563
73$846,111$763,409$739,990$851,190
74$893,548$761,950$725,913$869,770
75$944,599$759,195$710,141$889,234
76$999,595$755,042$692,578$909,684
77$1,058,898$749,383$673,123$931,236
78$1,122,906$742,104$651,674$954,018
79$1,192,057$733,081$628,119$978,176
80$1,266,832$722,187$602,346$1,003,872
81$1,347,759$709,285$574,235$1,031,287
82$1,435,420$694,229$543,661$1,060,626
83$1,530,453$676,866$510,494$1,092,114
84$1,633,561$657,034$474,597$1,126,007
85$1,745,516$634,561$435,828$1,162,585
86$1,867,169$609,265$394,038$1,202,166
87$1,999,454$580,952$349,072$1,245,101
88$2,143,399$549,421$300,768$1,291,782
89$2,300,138$514,454$248,955$1,342,646
90$2,470,914$475,824$193,457$1,398,178
91$2,657,099$433,291$134,089$1,458,919
92$2,860,200$386,599$70,659$1,525,470
93$3,081,878$335,480$2,963$1,598,498
94$3,323,960$279,649$0$1,678,746
95$3,588,457$218,806$0$1,787,734
96$3,877,586$152,633$0$1,907,971
97$4,193,783$80,796$0$2,039,652
98$4,539,734$2,940$0$2,183,976
99$4,918,395$0$0$2,342,265
100$5,333,021$0$0$2,541,034