Can I retire at age 72 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$62,512$61,956$61,412$60,882$60,364$59,984
2 years$30,947$30,370$29,812$29,270$28,745$28,361
3 years$20,426$19,847$19,290$18,754$18,237$17,862
4 years$15,167$14,590$14,038$13,511$13,007$12,643
5 years$12,012$11,439$10,894$10,378$9,888$9,536
6 years$9,910$9,341$8,804$8,299$7,824$7,485
7 years$8,409$7,844$7,316$6,823$6,363$6,038
8 years$7,283$6,724$6,205$5,724$5,278$4,967
9 years$6,408$5,854$5,344$4,875$4,445$4,146
10 years$5,709$5,160$4,659$4,203$3,788$3,502
11 years$5,137$4,594$4,102$3,658$3,257$2,984
12 years$4,661$4,123$3,640$3,208$2,823$2,562
13 years$4,258$3,726$3,252$2,832$2,462$2,213
14 years$3,913$3,387$2,922$2,514$2,158$1,921
15 years$3,615$3,094$2,638$2,242$1,900$1,675
16 years$3,354$2,839$2,392$2,008$1,679$1,466
17 years$3,124$2,614$2,177$1,804$1,489$1,286
18 years$2,919$2,416$1,987$1,626$1,324$1,132
19 years$2,737$2,239$1,819$1,469$1,180$998
20 years$2,573$2,081$1,669$1,330$1,054$882
21 years$2,425$1,938$1,536$1,207$943$781
22 years$2,290$1,809$1,415$1,098$845$692
23 years$2,167$1,692$1,307$1,000$759$614
24 years$2,055$1,585$1,209$912$682$546
25 years$1,952$1,488$1,119$833$614$486
26 years$1,857$1,398$1,038$761$553$433
27 years$1,769$1,316$964$697$498$385
28 years$1,687$1,240$896$639$450$344
29 years$1,611$1,170$834$586$406$307
30 years$1,541$1,105$777$537$367$274
31 years$1,475$1,044$724$494$332$245
32 years$1,413$988$676$454$300$219
33 years$1,356$936$631$417$272$195
34 years$1,301$887$589$384$246$175
35 years$1,250$841$551$353$223$156
36 years$1,202$798$516$325$202$140
37 years$1,157$758$483$300$183$125
38 years$1,114$721$452$276$166$112
39 years$1,073$685$423$255$150$100
40 years$1,035$652$397$235$136$90
41 years$998$621$372$217$124$80
42 years$964$591$349$200$112$72
43 years$931$563$328$185$102$65
44 years$899$537$307$171$92$58
45 years$870$512$289$158$84$52
46 years$841$488$271$146$76$46
47 years$814$466$255$134$69$42
48 years$788$445$239$124$63$37
49 years$763$425$225$115$57$33
50 years$739$406$212$106$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $757,000, adding $6,138 every year, while hoping to spend $57,307 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: 75/14/11 Blend
71$757,000$757,000$757,000$757,000
72$840,545$800,424$788,691$901,372
73$865,307$778,671$754,138$920,573
74$890,673$753,931$716,507$933,794
75$916,646$725,997$675,633$946,684
76$943,224$694,652$631,347$959,191
77$970,405$659,662$583,470$971,258
78$998,184$620,783$531,814$982,825
79$1,026,554$577,757$476,185$993,825
80$1,055,505$530,309$416,379$1,004,186
81$1,085,021$478,149$352,183$1,013,831
82$1,115,087$420,972$283,375$1,022,675
83$1,145,680$358,454$209,722$1,030,627
84$1,176,775$290,254$130,983$1,037,588
85$1,208,340$216,010$46,905$1,043,449
86$1,240,338$135,342$0$1,048,096
87$1,272,725$47,846$0$1,056,427
88$1,305,451$0$0$1,069,481
89$1,338,457$0$0$1,088,858
90$1,371,674$0$0$1,115,765
91$1,405,025$0$0$1,142,765
92$1,438,421$0$0$1,169,785
93$1,471,762$0$0$1,196,740
94$1,504,931$0$0$1,223,535
95$1,537,801$0$0$1,250,062
96$1,570,222$0$0$1,276,200
97$1,602,032$0$0$1,301,810
98$1,633,042$0$0$1,326,739
99$1,663,045$0$0$1,350,813
100$1,691,807$0$0$1,373,838