Can I retire at age 72 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$60,118$59,582$59,060$58,550$58,052$57,783
2 years$29,761$29,207$28,670$28,149$27,644$27,372
3 years$19,644$19,087$18,551$18,035$17,538$17,273
4 years$14,586$14,031$13,501$12,993$12,508$12,251
5 years$11,552$11,000$10,477$9,980$9,509$9,260
6 years$9,530$8,983$8,467$7,981$7,524$7,284
7 years$8,087$7,544$7,036$6,562$6,119$5,888
8 years$7,004$6,466$5,967$5,505$5,076$4,855
9 years$6,163$5,630$5,139$4,689$4,275$4,062
10 years$5,490$4,963$4,481$4,042$3,642$3,439
11 years$4,940$4,418$3,945$3,517$3,133$2,938
12 years$4,482$3,965$3,501$3,085$2,715$2,529
13 years$4,095$3,583$3,128$2,724$2,367$2,190
14 years$3,763$3,257$2,810$2,418$2,075$1,906
15 years$3,476$2,976$2,537$2,156$1,827$1,666
16 years$3,225$2,730$2,300$1,931$1,615$1,462
17 years$3,004$2,514$2,093$1,735$1,432$1,286
18 years$2,808$2,323$1,911$1,563$1,273$1,135
19 years$2,632$2,153$1,749$1,413$1,135$1,004
20 years$2,474$2,001$1,606$1,279$1,014$890
21 years$2,332$1,864$1,477$1,161$907$790
22 years$2,202$1,740$1,361$1,056$813$702
23 years$2,084$1,627$1,257$962$730$625
24 years$1,976$1,525$1,162$877$656$557
25 years$1,877$1,431$1,076$801$590$497
26 years$1,785$1,345$998$732$532$444
27 years$1,701$1,265$927$670$479$397
28 years$1,623$1,192$862$614$433$355
29 years$1,550$1,125$802$563$391$318
30 years$1,482$1,062$747$517$353$285
31 years$1,419$1,004$696$475$319$255
32 years$1,359$950$650$436$289$229
33 years$1,304$900$607$401$261$205
34 years$1,252$853$567$369$236$184
35 years$1,202$809$530$340$214$165
36 years$1,156$768$496$313$194$148
37 years$1,113$729$464$288$176$133
38 years$1,071$693$435$266$159$120
39 years$1,032$659$407$245$145$108
40 years$995$627$382$226$131$97
41 years$960$597$358$209$119$87
42 years$927$568$336$192$108$78
43 years$895$542$315$178$98$70
44 years$865$516$296$164$89$63
45 years$836$492$278$151$81$57
46 years$809$470$261$140$73$51
47 years$783$448$245$129$67$46
48 years$758$428$230$119$60$41
49 years$734$409$216$110$55$37
50 years$711$390$203$102$50$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $728,000, adding $6,343 every year, while hoping to spend $43,370 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: 53/33/14 Blend
71$728,000$728,000$728,000$728,000
72$808,799$770,215$758,931$848,332
73$845,151$761,810$738,210$867,603
74$883,757$751,540$715,341$883,397
75$924,802$739,267$690,206$899,597
76$968,487$724,846$662,683$916,253
77$1,015,033$708,123$632,643$933,422
78$1,064,680$688,936$599,951$951,170
79$1,117,695$667,110$564,466$969,571
80$1,174,365$642,465$526,042$988,710
81$1,235,011$614,805$484,524$1,008,684
82$1,299,979$583,928$439,753$1,029,602
83$1,369,652$549,616$391,560$1,051,589
84$1,444,450$511,640$339,770$1,074,784
85$1,524,833$469,759$284,201$1,099,347
86$1,611,305$423,717$224,662$1,125,458
87$1,704,423$373,244$160,952$1,153,316
88$1,804,794$318,053$92,865$1,183,150
89$1,913,089$257,844$20,182$1,215,215
90$2,030,043$192,297$0$1,249,797
91$2,156,463$121,075$0$1,295,790
92$2,293,237$43,823$0$1,348,755
93$2,441,343$0$0$1,406,114
94$2,601,852$0$0$1,482,824
95$2,775,945$0$0$1,583,345
96$2,964,919$0$0$1,692,521
97$3,170,203$0$0$1,811,185
98$3,393,366$0$0$1,940,253
99$3,636,135$0$0$2,080,732
100$3,900,411$0$0$2,233,731