Can I retire at age 72 with 752,000?

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 $752,000?

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$62,099$61,546$61,007$60,480$59,966$59,613
2 years$30,742$30,170$29,615$29,077$28,555$28,199
3 years$20,291$19,716$19,163$18,630$18,116$17,768
4 years$15,067$14,494$13,946$13,422$12,921$12,583
5 years$11,933$11,363$10,822$10,309$9,822$9,496
6 years$9,844$9,279$8,746$8,244$7,772$7,458
7 years$8,353$7,792$7,268$6,778$6,321$6,019
8 years$7,235$6,679$6,164$5,686$5,244$4,954
9 years$6,366$5,816$5,309$4,843$4,416$4,138
10 years$5,671$5,126$4,628$4,175$3,763$3,497
11 years$5,103$4,564$4,075$3,633$3,236$2,982
12 years$4,630$4,096$3,616$3,187$2,804$2,562
13 years$4,230$3,702$3,231$2,814$2,445$2,214
14 years$3,888$3,365$2,903$2,498$2,144$1,923
15 years$3,591$3,074$2,621$2,227$1,887$1,678
16 years$3,332$2,820$2,376$1,994$1,668$1,469
17 years$3,103$2,597$2,162$1,792$1,479$1,290
18 years$2,900$2,400$1,974$1,615$1,315$1,136
19 years$2,719$2,224$1,807$1,459$1,172$1,003
20 years$2,556$2,067$1,658$1,322$1,047$887
21 years$2,409$1,925$1,525$1,199$937$786
22 years$2,275$1,797$1,406$1,091$840$697
23 years$2,153$1,681$1,298$993$754$619
24 years$2,041$1,575$1,201$906$678$551
25 years$1,939$1,478$1,112$827$610$490
26 years$1,844$1,389$1,031$756$549$437
27 years$1,757$1,307$958$692$495$390
28 years$1,676$1,232$890$634$447$348
29 years$1,601$1,162$828$582$403$310
30 years$1,531$1,097$772$534$365$277
31 years$1,465$1,037$719$490$330$248
32 years$1,404$982$671$451$298$222
33 years$1,347$930$627$414$270$198
34 years$1,293$881$586$381$244$178
35 years$1,242$836$547$351$221$159
36 years$1,194$793$512$323$200$142
37 years$1,149$753$479$298$182$128
38 years$1,107$716$449$275$165$114
39 years$1,066$681$421$253$149$102
40 years$1,028$648$394$233$135$92
41 years$992$617$370$215$123$82
42 years$957$587$347$199$112$74
43 years$925$559$325$184$101$66
44 years$893$533$305$169$92$59
45 years$864$509$287$156$83$53
46 years$835$485$269$145$76$48
47 years$808$463$253$134$69$43
48 years$783$442$238$123$62$38
49 years$758$422$224$114$57$34
50 years$734$403$210$105$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $752,000, adding $6,699 every year, while hoping to spend $30,524 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: 62/24/14 Blend
71$752,000$752,000$752,000$752,000
72$835,614$795,758$784,102$884,166
73$888,369$802,273$777,892$924,091
74$945,483$808,084$770,451$963,581
75$1,007,366$813,124$761,706$1,005,950
76$1,074,474$817,323$751,579$1,051,479
77$1,147,303$820,605$739,990$1,100,478
78$1,226,403$822,890$726,854$1,153,289
79$1,312,376$824,092$712,084$1,210,290
80$1,405,887$824,120$695,587$1,271,899
81$1,507,664$822,879$677,266$1,338,575
82$1,618,512$820,266$657,021$1,410,828
83$1,739,313$816,173$634,744$1,489,218
84$1,871,042$810,484$610,326$1,574,366
85$2,014,767$803,077$583,652$1,666,956
86$2,171,669$793,823$554,599$1,767,742
87$2,343,043$782,584$523,042$1,877,558
88$2,530,318$769,215$488,849$1,997,325
89$2,735,066$753,563$451,881$2,128,057
90$2,959,019$735,463$411,995$2,270,876
91$3,204,081$714,742$369,039$2,427,019
92$3,472,351$691,219$322,856$2,597,850
93$3,766,141$664,699$273,281$2,784,876
94$4,087,995$634,977$220,144$2,989,760
95$4,440,716$601,836$163,265$3,214,336
96$4,827,391$565,048$102,456$3,460,629
97$5,251,418$524,369$37,522$3,730,871
98$5,716,543$479,543$0$4,027,528
99$6,226,890$430,300$0$4,358,064
100$6,787,000$376,352$0$4,727,023