Can I retire at age 72 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$59,870$59,337$58,816$58,308$57,813$56,738
2 years$29,639$29,087$28,552$28,033$27,530$26,451
3 years$19,563$19,008$18,475$17,961$17,466$16,417
4 years$14,526$13,973$13,445$12,940$12,457$11,446
5 years$11,504$10,955$10,434$9,939$9,470$8,499
6 years$9,491$8,946$8,432$7,948$7,493$6,564
7 years$8,053$7,513$7,007$6,535$6,094$5,207
8 years$6,975$6,440$5,943$5,482$5,055$4,210
9 years$6,138$5,607$5,118$4,669$4,257$3,453
10 years$5,468$4,942$4,462$4,025$3,627$2,864
11 years$4,920$4,400$3,929$3,503$3,120$2,395
12 years$4,464$3,949$3,486$3,073$2,704$2,018
13 years$4,078$3,569$3,115$2,713$2,358$1,709
14 years$3,748$3,244$2,799$2,408$2,067$1,454
15 years$3,462$2,963$2,527$2,147$1,820$1,242
16 years$3,212$2,719$2,291$1,923$1,608$1,065
17 years$2,992$2,504$2,085$1,728$1,426$915
18 years$2,796$2,314$1,903$1,557$1,268$788
19 years$2,621$2,144$1,742$1,407$1,130$680
20 years$2,464$1,993$1,599$1,274$1,009$588
21 years$2,322$1,856$1,471$1,156$903$509
22 years$2,193$1,733$1,355$1,051$810$441
23 years$2,076$1,620$1,252$958$727$382
24 years$1,968$1,518$1,157$873$653$332
25 years$1,869$1,425$1,072$798$588$288
26 years$1,778$1,339$994$729$530$251
27 years$1,694$1,260$923$668$477$218
28 years$1,616$1,188$858$612$431$190
29 years$1,543$1,120$799$561$389$165
30 years$1,476$1,058$744$515$351$144
31 years$1,413$1,000$694$473$318$126
32 years$1,354$946$647$434$287$109
33 years$1,298$896$604$400$260$95
34 years$1,246$849$565$368$236$83
35 years$1,198$806$528$338$213$73
36 years$1,151$765$494$312$193$63
37 years$1,108$726$462$287$175$55
38 years$1,067$690$433$265$159$48
39 years$1,028$656$405$244$144$42
40 years$991$624$380$225$131$37
41 years$956$594$356$208$119$32
42 years$923$566$334$192$108$28
43 years$891$539$314$177$98$24
44 years$861$514$294$163$89$21
45 years$833$490$276$151$80$19
46 years$805$468$260$139$73$16
47 years$779$446$244$129$66$14
48 years$754$426$229$119$60$12
49 years$731$407$215$110$55$11
50 years$708$389$203$102$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $725,000, adding $5,156 every year, while hoping to spend $38,172 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: 58/14/28 Blend
71$725,000$725,000$725,000$725,000
72$804,268$765,843$754,606$844,495
73$845,689$762,755$739,270$869,541
74$890,055$758,236$722,142$892,375
75$937,627$752,176$703,120$916,486
76$988,690$744,457$682,100$942,009
77$1,043,558$734,957$658,971$969,096
78$1,102,573$723,542$633,619$997,913
79$1,166,114$710,074$605,924$1,028,646
80$1,234,595$694,406$575,760$1,061,503
81$1,308,472$676,380$542,996$1,096,713
82$1,388,244$655,830$507,494$1,134,533
83$1,474,463$632,583$469,113$1,175,246
84$1,567,730$606,452$427,700$1,219,169
85$1,668,712$577,242$383,101$1,266,652
86$1,778,137$544,743$335,152$1,318,085
87$1,896,809$508,738$283,682$1,373,897
88$2,025,611$468,993$228,512$1,434,569
89$2,165,513$425,264$169,458$1,500,631
90$2,317,584$377,290$106,323$1,572,672
91$2,482,999$324,799$38,906$1,651,344
92$2,663,050$267,499$0$1,737,369
93$2,859,160$205,085$0$1,841,420
94$3,072,894$137,235$0$1,967,556
95$3,305,976$63,605$0$2,105,194
96$3,560,300$0$0$2,255,492
97$3,837,955$0$0$2,422,217
98$4,141,238$0$0$2,615,091
99$4,472,677$0$0$2,825,932
100$4,835,058$0$0$3,056,517