Can I retire at age 72 with 731,000?

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 $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%11.2%
1 years$60,365$59,828$59,303$58,791$58,291$57,997
2 years$29,884$29,327$28,788$28,265$27,758$27,460
3 years$19,725$19,166$18,628$18,110$17,611$17,320
4 years$14,646$14,089$13,556$13,047$12,560$12,278
5 years$11,600$11,046$10,520$10,021$9,548$9,276
6 years$9,569$9,020$8,502$8,014$7,555$7,292
7 years$8,120$7,575$7,065$6,589$6,144$5,892
8 years$7,033$6,493$5,992$5,527$5,097$4,855
9 years$6,188$5,653$5,161$4,708$4,293$4,060
10 years$5,513$4,983$4,499$4,058$3,657$3,435
11 years$4,961$4,436$3,961$3,532$3,146$2,933
12 years$4,501$3,982$3,515$3,098$2,726$2,523
13 years$4,112$3,598$3,141$2,735$2,377$2,183
14 years$3,779$3,271$2,822$2,428$2,084$1,899
15 years$3,491$2,988$2,548$2,165$1,835$1,659
16 years$3,239$2,741$2,310$1,939$1,621$1,454
17 years$3,016$2,525$2,102$1,742$1,438$1,279
18 years$2,819$2,333$1,919$1,570$1,278$1,128
19 years$2,643$2,162$1,757$1,418$1,139$997
20 years$2,484$2,009$1,612$1,285$1,018$883
21 years$2,341$1,871$1,483$1,166$911$783
22 years$2,211$1,747$1,367$1,060$816$696
23 years$2,093$1,634$1,262$965$733$619
24 years$1,984$1,531$1,167$881$659$551
25 years$1,885$1,437$1,081$804$593$492
26 years$1,793$1,350$1,002$735$534$439
27 years$1,708$1,271$931$673$481$392
28 years$1,629$1,197$865$617$434$350
29 years$1,556$1,130$805$565$392$313
30 years$1,488$1,067$750$519$354$280
31 years$1,424$1,008$699$477$320$251
32 years$1,365$954$652$438$290$225
33 years$1,309$904$609$403$262$202
34 years$1,257$856$569$371$237$181
35 years$1,207$812$532$341$215$162
36 years$1,161$771$498$314$195$145
37 years$1,117$732$466$290$177$130
38 years$1,076$696$436$267$160$117
39 years$1,037$662$409$246$145$105
40 years$999$630$383$227$132$94
41 years$964$599$359$209$119$85
42 years$931$571$337$193$108$76
43 years$899$544$316$178$98$68
44 years$869$518$297$165$89$61
45 years$840$494$279$152$81$55
46 years$812$472$262$141$74$50
47 years$786$450$246$130$67$45
48 years$761$430$231$120$61$40
49 years$737$410$217$111$55$36
50 years$714$392$204$102$50$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $731,000, adding $4,664 every year, while hoping to spend $22,068 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: 64/15/21 Blend
71$731,000$731,000$731,000$731,000
72$810,373$771,630$760,299$857,584
73$869,551$785,960$762,289$904,262
74$934,025$800,252$763,606$952,328
75$1,004,313$814,481$764,204$1,004,330
76$1,080,983$828,621$764,035$1,060,655
77$1,164,662$842,642$763,049$1,121,729
78$1,256,039$856,513$761,193$1,188,021
79$1,355,872$870,200$758,410$1,260,050
80$1,464,998$883,666$754,643$1,338,387
81$1,584,336$896,874$749,832$1,423,660
82$1,714,898$909,780$743,911$1,516,564
83$1,857,799$922,341$736,814$1,617,864
84$2,014,268$934,510$728,471$1,728,403
85$2,185,657$946,234$718,808$1,849,110
86$2,373,454$957,459$707,748$1,981,011
87$2,579,299$968,128$695,210$2,125,235
88$2,804,999$978,177$681,111$2,283,029
89$3,052,542$987,542$665,362$2,455,766
90$3,324,120$996,150$647,870$2,644,960
91$3,622,146$1,003,927$628,540$2,852,279
92$3,949,278$1,010,793$607,269$3,079,566
93$4,308,444$1,016,661$583,952$3,328,848
94$4,702,870$1,021,442$558,479$3,602,361
95$5,136,109$1,025,038$530,734$3,902,573
96$5,612,074$1,027,348$500,596$4,232,201
97$6,135,079$1,028,261$467,939$4,594,242
98$6,709,873$1,027,662$432,631$4,992,000
99$7,341,691$1,025,428$394,535$5,429,116
100$8,036,297$1,021,427$353,505$5,909,606