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%14.1%
1 years$62,512$61,956$61,412$60,882$60,364$59,340
2 years$30,947$30,370$29,812$29,270$28,745$27,716
3 years$20,426$19,847$19,290$18,754$18,237$17,236
4 years$15,167$14,590$14,038$13,511$13,007$12,041
5 years$12,012$11,439$10,894$10,378$9,888$8,959
6 years$9,910$9,341$8,804$8,299$7,824$6,935
7 years$8,409$7,844$7,316$6,823$6,363$5,513
8 years$7,283$6,724$6,205$5,724$5,278$4,468
9 years$6,408$5,854$5,344$4,875$4,445$3,673
10 years$5,709$5,160$4,659$4,203$3,788$3,054
11 years$5,137$4,594$4,102$3,658$3,257$2,561
12 years$4,661$4,123$3,640$3,208$2,823$2,163
13 years$4,258$3,726$3,252$2,832$2,462$1,837
14 years$3,913$3,387$2,922$2,514$2,158$1,567
15 years$3,615$3,094$2,638$2,242$1,900$1,342
16 years$3,354$2,839$2,392$2,008$1,679$1,154
17 years$3,124$2,614$2,177$1,804$1,489$994
18 years$2,919$2,416$1,987$1,626$1,324$859
19 years$2,737$2,239$1,819$1,469$1,180$743
20 years$2,573$2,081$1,669$1,330$1,054$644
21 years$2,425$1,938$1,536$1,207$943$559
22 years$2,290$1,809$1,415$1,098$845$486
23 years$2,167$1,692$1,307$1,000$759$423
24 years$2,055$1,585$1,209$912$682$368
25 years$1,952$1,488$1,119$833$614$321
26 years$1,857$1,398$1,038$761$553$280
27 years$1,769$1,316$964$697$498$245
28 years$1,687$1,240$896$639$450$214
29 years$1,611$1,170$834$586$406$187
30 years$1,541$1,105$777$537$367$163
31 years$1,475$1,044$724$494$332$143
32 years$1,413$988$676$454$300$125
33 years$1,356$936$631$417$272$109
34 years$1,301$887$589$384$246$95
35 years$1,250$841$551$353$223$84
36 years$1,202$798$516$325$202$73
37 years$1,157$758$483$300$183$64
38 years$1,114$721$452$276$166$56
39 years$1,073$685$423$255$150$49
40 years$1,035$652$397$235$136$43
41 years$998$621$372$217$124$38
42 years$964$591$349$200$112$33
43 years$931$563$328$185$102$29
44 years$899$537$307$171$92$25
45 years$870$512$289$158$84$22
46 years$841$488$271$146$76$19
47 years$814$466$255$134$69$17
48 years$788$445$239$124$63$15
49 years$763$425$225$115$57$13
50 years$739$406$212$106$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $757,000, adding $6,440 every year, while hoping to spend $34,303 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: 54/26/20 Blend
71$757,000$757,000$757,000$757,000
72$840,857$800,736$789,002$881,362
73$890,126$803,474$778,936$912,562
74$943,271$805,196$767,382$942,354
75$1,000,651$805,817$754,256$974,045
76$1,062,661$805,245$739,467$1,007,823
77$1,129,733$803,383$722,920$1,043,903
78$1,202,346$800,129$704,517$1,082,519
79$1,281,022$795,372$684,156$1,123,932
80$1,366,339$788,998$661,727$1,168,430
81$1,458,929$780,883$637,119$1,216,336
82$1,559,490$770,896$610,213$1,268,002
83$1,668,789$758,901$580,886$1,323,823
84$1,787,668$744,750$549,008$1,384,234
85$1,917,056$728,288$514,446$1,449,717
86$2,057,973$709,352$477,057$1,520,805
87$2,211,543$687,767$436,696$1,598,090
88$2,379,003$663,350$393,207$1,682,226
89$2,561,713$635,905$346,431$1,773,935
90$2,761,170$605,228$296,200$1,874,020
91$2,979,025$571,099$242,338$1,983,364
92$3,217,092$533,289$184,662$2,102,949
93$3,477,369$491,554$122,982$2,233,857
94$3,762,056$445,636$57,097$2,377,286
95$4,073,576$395,263$0$2,534,560
96$4,414,597$340,147$0$2,709,965
97$4,788,056$279,984$0$2,915,484
98$5,197,187$214,452$0$3,140,756
99$5,645,553$143,214$0$3,387,811
100$6,137,078$65,909$0$3,658,883