Can I retire at age 72 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$60,861$60,319$59,790$59,274$58,769$57,963
2 years$30,129$29,568$29,024$28,497$27,985$27,174
3 years$19,887$19,323$18,781$18,258$17,755$16,965
4 years$14,766$14,204$13,667$13,154$12,663$11,899
5 years$11,695$11,136$10,606$10,104$9,626$8,891
6 years$9,648$9,094$8,572$8,080$7,617$6,912
7 years$8,187$7,637$7,123$6,643$6,195$5,520
8 years$7,091$6,546$6,041$5,573$5,139$4,494
9 years$6,239$5,700$5,203$4,747$4,328$3,712
10 years$5,558$5,024$4,536$4,092$3,688$3,101
11 years$5,001$4,473$3,994$3,561$3,171$2,614
12 years$4,538$4,014$3,544$3,123$2,748$2,219
13 years$4,146$3,628$3,166$2,758$2,397$1,894
14 years$3,810$3,298$2,845$2,448$2,101$1,625
15 years$3,519$3,012$2,569$2,183$1,850$1,400
16 years$3,265$2,764$2,329$1,955$1,635$1,210
17 years$3,041$2,545$2,119$1,756$1,449$1,048
18 years$2,842$2,352$1,935$1,583$1,289$911
19 years$2,665$2,180$1,771$1,430$1,149$793
20 years$2,505$2,026$1,625$1,295$1,026$691
21 years$2,360$1,887$1,495$1,176$918$604
22 years$2,229$1,761$1,378$1,069$823$528
23 years$2,110$1,647$1,272$973$739$462
24 years$2,001$1,543$1,177$888$664$405
25 years$1,900$1,448$1,090$811$598$355
26 years$1,808$1,361$1,011$741$538$312
27 years$1,722$1,281$939$679$485$274
28 years$1,643$1,207$872$622$438$241
29 years$1,569$1,139$812$570$395$212
30 years$1,500$1,075$756$523$357$186
31 years$1,436$1,017$705$481$323$164
32 years$1,376$962$658$442$292$144
33 years$1,320$911$614$406$264$127
34 years$1,267$863$574$374$239$112
35 years$1,217$819$537$344$217$99
36 years$1,171$777$502$317$196$87
37 years$1,126$738$470$292$178$77
38 years$1,085$702$440$269$161$68
39 years$1,045$667$412$248$146$60
40 years$1,008$635$386$229$133$53
41 years$972$604$362$211$120$46
42 years$938$575$340$195$109$41
43 years$906$548$319$180$99$36
44 years$876$523$299$166$90$32
45 years$847$498$281$153$82$28
46 years$819$475$264$142$74$25
47 years$792$454$248$131$67$22
48 years$767$433$233$121$61$19
49 years$743$414$219$112$56$17
50 years$720$395$206$103$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $737,000, adding $2,735 every year, while hoping to spend $37,827 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: 55/27/18 Blend
71$737,000$737,000$737,000$737,000
72$814,995$775,934$764,511$855,746
73$857,877$773,707$749,874$881,629
74$903,865$770,104$733,479$905,527
75$953,236$765,015$715,228$930,713
76$1,006,294$758,329$695,016$957,319
77$1,063,373$749,924$672,735$985,494
78$1,124,838$739,671$648,273$1,015,401
79$1,191,092$727,436$621,511$1,047,226
80$1,262,577$713,074$592,325$1,081,171
81$1,339,778$696,433$560,587$1,117,464
82$1,423,229$677,352$526,160$1,156,357
83$1,513,516$655,660$488,904$1,198,132
84$1,611,284$631,176$448,671$1,243,100
85$1,717,241$603,709$405,307$1,291,608
86$1,832,165$573,057$358,651$1,344,041
87$1,956,915$539,006$308,535$1,400,828
88$2,092,432$501,329$254,783$1,462,441
89$2,239,753$459,787$197,211$1,529,409
90$2,400,018$414,127$135,628$1,602,314
91$2,574,483$364,081$69,834$1,681,805
92$2,764,527$309,368$0$1,768,599
93$2,971,670$249,689$0$1,863,566
94$3,197,585$184,728$0$1,981,833
95$3,444,111$114,152$0$2,110,994
96$3,713,274$37,609$0$2,252,178
97$4,007,305$0$0$2,406,629
98$4,328,658$0$0$2,589,176
99$4,680,037$0$0$2,801,062
100$5,064,416$0$0$3,032,916