Can I retire at age 72 with 731,000?

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 $731,000?

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$60,365$59,828$59,303$58,791$58,291$57,634
2 years$29,884$29,327$28,788$28,265$27,758$27,097
3 years$19,725$19,166$18,628$18,110$17,611$16,966
4 years$14,646$14,089$13,556$13,047$12,560$11,936
5 years$11,600$11,046$10,520$10,021$9,548$8,947
6 years$9,569$9,020$8,502$8,014$7,555$6,978
7 years$8,120$7,575$7,065$6,589$6,144$5,591
8 years$7,033$6,493$5,992$5,527$5,097$4,568
9 years$6,188$5,653$5,161$4,708$4,293$3,787
10 years$5,513$4,983$4,499$4,058$3,657$3,175
11 years$4,961$4,436$3,961$3,532$3,146$2,686
12 years$4,501$3,982$3,515$3,098$2,726$2,288
13 years$4,112$3,598$3,141$2,735$2,377$1,961
14 years$3,779$3,271$2,822$2,428$2,084$1,689
15 years$3,491$2,988$2,548$2,165$1,835$1,461
16 years$3,239$2,741$2,310$1,939$1,621$1,268
17 years$3,016$2,525$2,102$1,742$1,438$1,103
18 years$2,819$2,333$1,919$1,570$1,278$963
19 years$2,643$2,162$1,757$1,418$1,139$842
20 years$2,484$2,009$1,612$1,285$1,018$737
21 years$2,341$1,871$1,483$1,166$911$647
22 years$2,211$1,747$1,367$1,060$816$568
23 years$2,093$1,634$1,262$965$733$500
24 years$1,984$1,531$1,167$881$659$440
25 years$1,885$1,437$1,081$804$593$388
26 years$1,793$1,350$1,002$735$534$342
27 years$1,708$1,271$931$673$481$302
28 years$1,629$1,197$865$617$434$267
29 years$1,556$1,130$805$565$392$236
30 years$1,488$1,067$750$519$354$208
31 years$1,424$1,008$699$477$320$184
32 years$1,365$954$652$438$290$163
33 years$1,309$904$609$403$262$144
34 years$1,257$856$569$371$237$128
35 years$1,207$812$532$341$215$113
36 years$1,161$771$498$314$195$100
37 years$1,117$732$466$290$177$89
38 years$1,076$696$436$267$160$79
39 years$1,037$662$409$246$145$70
40 years$999$630$383$227$132$62
41 years$964$599$359$209$119$55
42 years$931$571$337$193$108$49
43 years$899$544$316$178$98$43
44 years$869$518$297$165$89$38
45 years$840$494$279$152$81$34
46 years$812$472$262$141$74$30
47 years$786$450$246$130$67$27
48 years$761$430$231$120$61$24
49 years$737$410$217$111$55$21
50 years$714$392$204$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $731,000, adding $5,930 every year, while hoping to spend $38,296 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: 74/6/20 Blend
71$731,000$731,000$731,000$731,000
72$811,679$772,936$761,605$867,460
73$853,723$770,063$746,372$902,406
74$898,773$765,766$729,346$935,462
75$947,094$759,934$710,425$970,701
76$998,978$752,451$689,504$1,008,333
77$1,054,745$743,193$666,474$1,048,586
78$1,114,747$732,028$641,219$1,091,718
79$1,179,371$718,817$613,620$1,138,009
80$1,249,041$703,413$583,550$1,187,770
81$1,324,222$685,659$550,878$1,241,343
82$1,405,426$665,390$515,466$1,299,109
83$1,493,217$642,431$477,172$1,361,484
84$1,588,212$616,598$435,844$1,428,931
85$1,691,091$587,692$391,326$1,501,960
86$1,802,602$555,509$343,455$1,581,132
87$1,923,566$519,827$292,059$1,667,070
88$2,054,887$480,416$236,960$1,760,459
89$2,197,559$437,029$177,972$1,862,055
90$2,352,675$389,409$114,899$1,972,694
91$2,521,438$337,280$47,538$2,093,298
92$2,705,172$280,355$0$2,224,884
93$2,905,333$218,326$0$2,373,771
94$3,123,524$150,871$0$2,547,165
95$3,361,509$77,648$0$2,736,329
96$3,621,228$0$0$2,942,822
97$3,904,820$0$0$3,168,476
98$4,214,636$0$0$3,420,626
99$4,553,267$0$0$3,696,258
100$4,923,563$0$0$3,997,697