Can I retire at age 72 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$60,200$59,664$59,141$58,630$58,131$56,934
2 years$29,802$29,247$28,709$28,188$27,682$26,481
3 years$19,671$19,113$18,577$18,060$17,562$16,396
4 years$14,606$14,050$13,519$13,011$12,526$11,402
5 years$11,568$11,016$10,491$9,994$9,522$8,444
6 years$9,543$8,995$8,479$7,992$7,534$6,504
7 years$8,098$7,554$7,046$6,571$6,127$5,145
8 years$7,014$6,475$5,975$5,512$5,083$4,148
9 years$6,171$5,638$5,147$4,695$4,281$3,392
10 years$5,498$4,969$4,487$4,047$3,647$2,804
11 years$4,947$4,424$3,950$3,522$3,137$2,338
12 years$4,488$3,971$3,506$3,090$2,718$1,963
13 years$4,101$3,588$3,132$2,728$2,371$1,657
14 years$3,769$3,262$2,814$2,421$2,078$1,406
15 years$3,481$2,980$2,541$2,159$1,830$1,197
16 years$3,230$2,734$2,304$1,933$1,617$1,022
17 years$3,008$2,518$2,096$1,737$1,434$875
18 years$2,811$2,326$1,914$1,566$1,275$751
19 years$2,636$2,156$1,752$1,415$1,136$645
20 years$2,478$2,004$1,608$1,281$1,015$556
21 years$2,335$1,866$1,479$1,163$908$479
22 years$2,205$1,742$1,363$1,057$814$414
23 years$2,087$1,629$1,258$963$731$357
24 years$1,979$1,527$1,164$878$657$309
25 years$1,879$1,433$1,078$802$591$268
26 years$1,788$1,346$1,000$733$532$232
27 years$1,703$1,267$928$671$480$201
28 years$1,625$1,194$863$615$433$174
29 years$1,552$1,126$803$564$391$151
30 years$1,484$1,064$748$518$353$131
31 years$1,421$1,006$697$475$320$114
32 years$1,361$952$651$437$289$99
33 years$1,306$901$608$402$262$86
34 years$1,253$854$568$370$237$74
35 years$1,204$810$531$340$214$65
36 years$1,158$769$496$313$194$56
37 years$1,114$730$465$289$176$49
38 years$1,073$694$435$266$160$42
39 years$1,034$660$408$245$145$37
40 years$997$628$382$226$131$32
41 years$962$598$358$209$119$28
42 years$928$569$336$193$108$24
43 years$896$542$315$178$98$21
44 years$866$517$296$164$89$18
45 years$837$493$278$152$81$16
46 years$810$470$261$140$73$14
47 years$784$449$245$129$67$12
48 years$759$428$231$120$61$10
49 years$735$409$217$111$55$9
50 years$712$391$204$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $729,000, adding $3,662 every year, while hoping to spend $39,186 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: 55/33/12 Blend
71$729,000$729,000$729,000$729,000
72$807,135$768,498$757,199$848,855
73$847,770$764,461$740,871$873,530
74$891,235$758,913$722,684$895,799
75$937,779$751,738$702,532$919,130
76$987,674$742,814$680,308$943,632
77$1,041,216$732,011$655,897$969,427
78$1,098,733$719,193$629,183$996,651
79$1,160,583$704,212$600,039$1,025,455
80$1,227,159$686,916$568,338$1,056,008
81$1,298,895$667,140$533,943$1,088,500
82$1,376,264$644,712$496,712$1,123,141
83$1,459,789$619,449$456,497$1,160,165
84$1,550,043$591,157$413,145$1,199,834
85$1,647,655$559,631$366,493$1,242,438
86$1,753,318$524,655$316,373$1,288,302
87$1,867,793$486,000$262,608$1,337,787
88$1,991,917$443,423$205,015$1,391,291
89$2,126,610$396,669$143,400$1,449,262
90$2,272,885$345,466$77,565$1,512,194
91$2,431,855$289,529$7,299$1,580,638
92$2,604,744$228,557$0$1,655,203
93$2,792,901$162,229$0$1,745,236
94$2,997,808$90,209$0$1,844,382
95$3,221,096$12,141$0$1,952,572
96$3,464,561$0$0$2,070,763
97$3,730,179$0$0$2,226,290
98$4,020,126$0$0$2,400,938
99$4,336,795$0$0$2,591,748
100$4,682,823$0$0$2,800,317