Can I retire at age 72 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$61,687$61,137$60,601$60,078$59,567$59,216
2 years$30,538$29,969$29,418$28,884$28,365$28,011
3 years$20,156$19,585$19,035$18,506$17,996$17,650
4 years$14,967$14,397$13,853$13,333$12,835$12,500
5 years$11,854$11,288$10,750$10,241$9,757$9,433
6 years$9,779$9,217$8,688$8,190$7,720$7,408
7 years$8,298$7,741$7,220$6,733$6,279$5,979
8 years$7,187$6,635$6,123$5,648$5,209$4,921
9 years$6,324$5,777$5,274$4,811$4,387$4,111
10 years$5,634$5,092$4,598$4,147$3,738$3,474
11 years$5,069$4,533$4,048$3,609$3,214$2,962
12 years$4,599$4,069$3,592$3,166$2,786$2,545
13 years$4,202$3,677$3,209$2,795$2,429$2,199
14 years$3,862$3,342$2,884$2,481$2,129$1,911
15 years$3,567$3,053$2,604$2,213$1,875$1,667
16 years$3,309$2,801$2,361$1,981$1,657$1,459
17 years$3,082$2,580$2,148$1,780$1,469$1,282
18 years$2,881$2,384$1,961$1,604$1,306$1,129
19 years$2,701$2,209$1,795$1,450$1,164$996
20 years$2,539$2,053$1,647$1,313$1,040$881
21 years$2,392$1,912$1,515$1,191$931$780
22 years$2,260$1,785$1,397$1,083$834$692
23 years$2,139$1,670$1,289$987$749$615
24 years$2,028$1,564$1,193$900$673$547
25 years$1,926$1,468$1,105$822$606$487
26 years$1,832$1,380$1,024$751$546$434
27 years$1,745$1,298$951$688$492$387
28 years$1,665$1,224$884$630$444$345
29 years$1,590$1,154$823$578$401$308
30 years$1,521$1,090$767$530$362$276
31 years$1,456$1,030$715$487$327$246
32 years$1,395$975$667$448$296$220
33 years$1,338$923$623$412$268$197
34 years$1,284$875$582$379$243$176
35 years$1,234$830$544$349$220$158
36 years$1,186$788$509$321$199$141
37 years$1,142$748$476$296$180$127
38 years$1,099$711$446$273$164$113
39 years$1,059$676$418$251$148$102
40 years$1,021$643$392$232$135$91
41 years$985$612$367$214$122$82
42 years$951$583$344$197$111$73
43 years$919$556$323$182$101$66
44 years$888$530$303$168$91$59
45 years$858$505$285$155$83$53
46 years$830$482$268$144$75$47
47 years$803$460$251$133$68$43
48 years$777$439$236$123$62$38
49 years$753$419$222$113$56$34
50 years$729$400$209$105$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $747,000, adding $3,662 every year, while hoping to spend $43,186 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: 58/30/12 Blend
71$747,000$747,000$747,000$747,000
72$826,971$787,380$775,802$872,276
73$865,373$780,012$755,842$895,900
74$906,244$770,836$733,765$916,510
75$949,791$759,717$709,457$937,946
76$996,239$746,513$682,793$960,292
77$1,045,837$731,074$653,648$983,643
78$1,098,856$713,239$621,888$1,008,106
79$1,155,591$692,841$587,374$1,033,801
80$1,216,371$669,699$549,961$1,060,862
81$1,281,552$643,625$509,495$1,089,439
82$1,351,526$614,419$465,819$1,119,700
83$1,426,724$581,867$418,766$1,151,834
84$1,507,618$545,748$368,164$1,186,049
85$1,594,728$505,822$313,830$1,222,582
86$1,688,623$461,840$255,576$1,261,694
87$1,789,929$413,537$193,204$1,303,677
88$1,899,335$360,632$126,509$1,348,858
89$2,017,594$302,831$55,274$1,397,599
90$2,145,539$239,820$0$1,450,307
91$2,284,081$171,268$0$1,510,087
92$2,434,226$96,829$0$1,582,510
93$2,597,076$16,133$0$1,661,082
94$2,773,845$0$0$1,746,455
95$2,965,869$0$0$1,862,862
96$3,174,616$0$0$1,995,251
97$3,401,701$0$0$2,139,328
98$3,648,901$0$0$2,296,230
99$3,918,173$0$0$2,467,204
100$4,211,670$0$0$2,653,625