Can I retire at age 72 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$61,769$61,219$60,682$60,158$59,647$58,901
2 years$30,579$30,009$29,457$28,922$28,403$27,653
3 years$20,183$19,611$19,061$18,531$18,020$17,289
4 years$14,987$14,416$13,871$13,350$12,852$12,145
5 years$11,869$11,303$10,765$10,254$9,770$9,089
6 years$9,792$9,229$8,700$8,200$7,731$7,077
7 years$8,309$7,751$7,229$6,742$6,287$5,661
8 years$7,197$6,644$6,131$5,656$5,216$4,617
9 years$6,332$5,785$5,281$4,817$4,392$3,821
10 years$5,641$5,099$4,604$4,153$3,743$3,198
11 years$5,076$4,539$4,053$3,614$3,219$2,700
12 years$4,605$4,074$3,597$3,170$2,789$2,296
13 years$4,208$3,682$3,214$2,799$2,432$1,964
14 years$3,867$3,347$2,888$2,484$2,132$1,689
15 years$3,572$3,057$2,607$2,216$1,877$1,457
16 years$3,314$2,805$2,364$1,984$1,659$1,262
17 years$3,087$2,583$2,151$1,782$1,471$1,096
18 years$2,885$2,387$1,963$1,606$1,308$954
19 years$2,704$2,212$1,797$1,451$1,166$833
20 years$2,542$2,056$1,650$1,315$1,041$728
21 years$2,396$1,915$1,517$1,193$932$637
22 years$2,263$1,788$1,398$1,085$835$558
23 years$2,141$1,672$1,291$988$750$490
24 years$2,030$1,566$1,194$901$674$430
25 years$1,928$1,470$1,106$823$606$378
26 years$1,834$1,382$1,026$752$546$333
27 years$1,748$1,300$953$689$493$293
28 years$1,667$1,225$886$631$444$258
29 years$1,592$1,156$824$579$401$228
30 years$1,523$1,092$768$531$363$201
31 years$1,458$1,032$716$488$328$177
32 years$1,397$976$668$448$297$156
33 years$1,340$925$623$412$268$138
34 years$1,286$876$582$379$243$122
35 years$1,236$831$545$349$220$108
36 years$1,188$789$509$322$199$95
37 years$1,143$749$477$296$181$84
38 years$1,101$712$447$273$164$74
39 years$1,061$677$418$252$149$66
40 years$1,023$644$392$232$135$58
41 years$987$613$368$214$122$51
42 years$952$584$345$198$111$45
43 years$920$556$324$183$101$40
44 years$889$530$304$169$91$36
45 years$859$506$285$156$83$31
46 years$831$483$268$144$75$28
47 years$804$460$252$133$68$25
48 years$778$440$237$123$62$22
49 years$754$420$222$113$56$19
50 years$730$401$209$105$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $748,000, adding $4,165 every year, while hoping to spend $58,637 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: 55/19/26 Blend
71$748,000$748,000$748,000$748,000
72$828,592$788,948$777,354$868,019
73$850,719$765,217$741,006$871,877
74$873,138$738,358$701,475$869,635
75$895,816$708,156$658,593$865,988
76$918,717$674,383$612,183$860,821
77$941,796$636,798$562,062$854,010
78$965,005$595,147$508,036$845,423
79$988,286$549,160$449,906$834,918
80$1,011,575$498,552$387,461$822,342
81$1,034,797$443,022$320,483$807,533
82$1,057,869$382,253$248,742$790,314
83$1,080,697$315,909$172,000$770,498
84$1,103,173$243,633$90,007$747,882
85$1,125,177$165,052$2,503$722,248
86$1,146,575$79,769$0$693,364
87$1,167,214$0$0$686,189
88$1,186,924$0$0$680,262
89$1,205,515$0$0$690,298
90$1,222,775$0$0$699,487
91$1,238,465$0$0$707,686
92$1,252,321$0$0$714,731
93$1,264,048$0$0$720,443
94$1,273,317$0$0$724,622
95$1,279,762$0$0$727,043
96$1,282,976$0$0$727,459
97$1,282,507$0$0$725,595
98$1,277,853$0$0$721,145
99$1,268,457$0$0$713,770
100$1,253,702$0$0$703,093