Can I retire at age 72 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$61,191$60,646$60,114$59,595$59,088$58,374
2 years$30,293$29,728$29,182$28,652$28,137$27,419
3 years$19,994$19,428$18,882$18,357$17,851$17,151
4 years$14,846$14,282$13,742$13,225$12,732$12,054
5 years$11,758$11,197$10,664$10,158$9,679$9,026
6 years$9,700$9,143$8,618$8,124$7,658$7,032
7 years$8,231$7,678$7,162$6,679$6,228$5,628
8 years$7,129$6,582$6,074$5,603$5,167$4,593
9 years$6,273$5,731$5,231$4,772$4,351$3,803
10 years$5,588$5,051$4,561$4,114$3,708$3,185
11 years$5,029$4,497$4,015$3,580$3,189$2,691
12 years$4,562$4,036$3,563$3,140$2,763$2,290
13 years$4,168$3,647$3,184$2,772$2,410$1,960
14 years$3,831$3,315$2,861$2,461$2,112$1,686
15 years$3,538$3,029$2,583$2,195$1,860$1,456
16 years$3,283$2,779$2,342$1,965$1,644$1,262
17 years$3,058$2,559$2,131$1,766$1,457$1,097
18 years$2,858$2,365$1,945$1,591$1,296$955
19 years$2,679$2,192$1,781$1,438$1,155$834
20 years$2,518$2,037$1,634$1,302$1,032$730
21 years$2,373$1,897$1,503$1,182$923$639
22 years$2,242$1,771$1,385$1,075$828$561
23 years$2,121$1,656$1,279$979$743$492
24 years$2,011$1,552$1,183$893$668$433
25 years$1,910$1,456$1,096$815$601$381
26 years$1,817$1,369$1,016$745$541$336
27 years$1,731$1,288$944$682$488$296
28 years$1,652$1,214$877$625$440$261
29 years$1,577$1,145$816$573$398$230
30 years$1,508$1,081$760$526$359$203
31 years$1,444$1,022$709$483$325$179
32 years$1,384$967$661$444$294$158
33 years$1,327$916$618$408$266$140
34 years$1,274$868$577$376$241$124
35 years$1,224$823$539$346$218$109
36 years$1,177$782$505$319$198$97
37 years$1,132$742$472$293$179$86
38 years$1,090$705$442$270$162$76
39 years$1,051$671$414$249$147$67
40 years$1,013$638$388$230$134$59
41 years$977$608$364$212$121$52
42 years$943$579$342$196$110$46
43 years$911$551$321$181$100$41
44 years$880$525$301$167$91$36
45 years$851$501$283$154$82$32
46 years$823$478$265$142$75$28
47 years$797$456$249$132$68$25
48 years$771$435$234$122$62$22
49 years$747$416$220$112$56$20
50 years$723$397$207$104$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $741,000, adding $2,957 every year, while hoping to spend $48,241 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: 65/14/21 Blend
71$741,000$741,000$741,000$741,000
72$819,632$780,359$768,874$868,334
73$851,907$767,269$743,303$888,341
74$885,856$751,920$715,259$904,448
75$921,601$734,151$684,607$920,924
76$959,271$713,792$651,209$937,806
77$999,009$690,660$614,917$955,139
78$1,040,971$664,565$575,578$972,973
79$1,085,324$635,303$533,034$991,363
80$1,132,253$602,659$487,118$1,010,375
81$1,181,961$566,407$437,654$1,030,083
82$1,234,667$526,307$384,461$1,050,568
83$1,290,611$482,104$327,349$1,071,925
84$1,350,057$433,530$266,118$1,094,261
85$1,413,292$380,303$200,563$1,117,693
86$1,480,631$322,121$130,465$1,142,358
87$1,552,419$258,669$55,599$1,168,407
88$1,629,033$189,611$0$1,196,010
89$1,710,888$114,595$0$1,230,802
90$1,798,436$33,248$0$1,281,203
91$1,892,175$0$0$1,335,039
92$1,992,649$0$0$1,401,085
93$2,100,458$0$0$1,477,481
94$2,216,256$0$0$1,559,574
95$2,340,764$0$0$1,647,880
96$2,474,774$0$0$1,742,964
97$2,619,153$0$0$1,845,446
98$2,774,855$0$0$1,956,010
99$2,942,928$0$0$2,075,405
100$3,124,524$0$0$2,204,454