Can I retire at age 72 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$61,852$61,301$60,763$60,239$59,726$59,275
2 years$30,620$30,049$29,497$28,961$28,441$27,986
3 years$20,210$19,638$19,086$18,556$18,044$17,600
4 years$15,007$14,436$13,890$13,368$12,869$12,439
5 years$11,885$11,318$10,779$10,268$9,783$9,368
6 years$9,805$9,242$8,711$8,211$7,741$7,341
7 years$8,320$7,761$7,239$6,751$6,295$5,912
8 years$7,206$6,653$6,139$5,663$5,223$4,855
9 years$6,341$5,792$5,288$4,824$4,398$4,046
10 years$5,649$5,106$4,610$4,158$3,748$3,411
11 years$5,083$4,545$4,059$3,619$3,223$2,901
12 years$4,612$4,080$3,602$3,174$2,793$2,486
13 years$4,213$3,687$3,218$2,802$2,436$2,143
14 years$3,872$3,351$2,891$2,488$2,135$1,857
15 years$3,577$3,061$2,611$2,219$1,880$1,616
16 years$3,318$2,809$2,367$1,986$1,661$1,411
17 years$3,091$2,587$2,154$1,785$1,473$1,236
18 years$2,889$2,390$1,966$1,608$1,310$1,085
19 years$2,708$2,215$1,800$1,453$1,167$955
20 years$2,546$2,059$1,652$1,316$1,043$842
21 years$2,399$1,917$1,519$1,195$933$744
22 years$2,266$1,790$1,400$1,086$836$658
23 years$2,144$1,674$1,293$989$751$583
24 years$2,033$1,568$1,196$902$675$517
25 years$1,931$1,472$1,108$824$607$458
26 years$1,837$1,383$1,027$753$547$407
27 years$1,750$1,302$954$690$493$362
28 years$1,669$1,227$887$632$445$322
29 years$1,594$1,157$825$579$402$287
30 years$1,525$1,093$769$532$363$255
31 years$1,459$1,033$717$488$328$227
32 years$1,399$978$669$449$297$203
33 years$1,341$926$624$413$269$181
34 years$1,288$878$583$380$243$161
35 years$1,237$832$545$350$220$144
36 years$1,190$790$510$322$200$128
37 years$1,145$750$477$297$181$115
38 years$1,102$713$447$273$164$102
39 years$1,062$678$419$252$149$91
40 years$1,024$645$393$233$135$82
41 years$988$614$368$215$122$73
42 years$954$585$345$198$111$65
43 years$921$557$324$183$101$58
44 years$890$531$304$169$92$52
45 years$860$506$286$156$83$47
46 years$832$483$268$144$75$42
47 years$805$461$252$133$68$37
48 years$779$440$237$123$62$33
49 years$755$420$223$114$56$30
50 years$731$402$209$105$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $749,000, adding $2,246 every year, while hoping to spend $46,672 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: 43/45/12 Blend
71$749,000$749,000$749,000$749,000
72$827,715$788,018$776,408$860,333
73$862,483$776,972$752,759$872,296
74$899,233$763,821$726,754$880,386
75$938,119$748,412$698,264$888,118
76$979,306$730,583$667,155$895,477
77$1,022,978$710,164$633,287$902,453
78$1,069,333$686,974$596,514$909,035
79$1,118,590$660,820$556,682$915,218
80$1,170,987$631,501$513,631$920,999
81$1,226,785$598,802$467,195$926,381
82$1,286,270$562,496$417,199$931,370
83$1,349,754$522,343$363,460$935,978
84$1,417,580$478,089$305,787$940,225
85$1,490,125$429,467$243,983$944,138
86$1,567,800$376,193$177,838$947,752
87$1,651,056$317,967$107,136$951,113
88$1,740,390$254,473$31,651$954,280
89$1,836,345$185,378$0$957,323
90$1,939,518$110,327$0$966,589
91$2,050,564$28,949$0$980,652
92$2,170,204$0$0$995,609
93$2,299,227$0$0$1,040,929
94$2,438,501$0$0$1,105,395
95$2,588,982$0$0$1,175,123
96$2,751,717$0$0$1,250,609
97$2,927,858$0$0$1,332,395
98$3,118,673$0$0$1,421,083
99$3,325,555$0$0$1,517,328
100$3,550,034$0$0$1,621,857