Can I retire at age 72 with 758,000?

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 $758,000?

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 years$62,595$62,037$61,493$60,962$60,444$59,443
2 years$30,988$30,410$29,851$29,309$28,783$27,777
3 years$20,453$19,874$19,316$18,778$18,261$17,282
4 years$15,187$14,609$14,057$13,529$13,024$12,079
5 years$12,028$11,454$10,909$10,391$9,901$8,993
6 years$9,923$9,353$8,816$8,310$7,834$6,964
7 years$8,420$7,855$7,326$6,832$6,371$5,540
8 years$7,293$6,733$6,213$5,731$5,285$4,492
9 years$6,417$5,862$5,351$4,882$4,451$3,695
10 years$5,717$5,167$4,665$4,208$3,793$3,074
11 years$5,144$4,600$4,107$3,662$3,262$2,579
12 years$4,667$4,129$3,645$3,212$2,827$2,180
13 years$4,264$3,731$3,257$2,836$2,465$1,852
14 years$3,919$3,392$2,926$2,518$2,161$1,582
15 years$3,620$3,098$2,642$2,245$1,902$1,356
16 years$3,358$2,843$2,395$2,010$1,681$1,166
17 years$3,128$2,618$2,180$1,806$1,491$1,005
18 years$2,923$2,419$1,990$1,628$1,326$869
19 years$2,741$2,242$1,821$1,471$1,181$753
20 years$2,576$2,083$1,672$1,332$1,055$653
21 years$2,428$1,941$1,538$1,209$944$567
22 years$2,293$1,811$1,417$1,099$847$494
23 years$2,170$1,694$1,308$1,001$760$430
24 years$2,058$1,587$1,210$913$683$375
25 years$1,954$1,490$1,121$834$615$327
26 years$1,859$1,400$1,040$762$554$285
27 years$1,771$1,318$965$698$499$249
28 years$1,689$1,242$897$639$450$218
29 years$1,614$1,171$835$586$407$190
30 years$1,543$1,106$778$538$367$167
31 years$1,477$1,046$725$494$332$146
32 years$1,415$989$677$454$301$128
33 years$1,357$937$632$418$272$112
34 years$1,303$888$590$384$246$98
35 years$1,252$842$552$354$223$86
36 years$1,204$799$516$326$202$75
37 years$1,158$759$483$300$183$66
38 years$1,115$722$452$277$166$58
39 years$1,075$686$424$255$151$51
40 years$1,036$653$397$235$137$44
41 years$1,000$621$373$217$124$39
42 years$965$592$349$200$112$34
43 years$932$564$328$185$102$30
44 years$901$538$308$171$93$26
45 years$871$513$289$158$84$23
46 years$842$489$271$146$76$20
47 years$815$467$255$135$69$18
48 years$789$445$240$124$63$15
49 years$764$425$225$115$57$14
50 years$740$406$212$106$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $758,000, adding $3,063 every year, while hoping to spend $33,866 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: 37/46/17 Blend
71$758,000$758,000$758,000$758,000
72$838,475$798,301$786,552$865,077
73$887,967$801,385$776,869$887,629
74$941,371$803,485$765,726$908,535
75$999,052$804,517$753,039$930,399
76$1,061,409$804,391$738,719$953,328
77$1,128,880$803,014$722,673$977,437
78$1,201,948$800,284$704,806$1,002,858
79$1,281,144$796,095$685,014$1,029,739
80$1,367,051$790,334$663,192$1,058,242
81$1,460,310$782,880$639,228$1,088,554
82$1,561,627$773,606$613,008$1,120,879
83$1,671,777$762,378$584,408$1,155,447
84$1,791,615$749,051$553,302$1,192,517
85$1,922,080$733,475$519,558$1,232,373
86$2,064,206$715,488$483,037$1,275,336
87$2,219,130$694,922$443,594$1,321,763
88$2,388,104$671,596$401,076$1,372,050
89$2,572,506$645,319$355,328$1,426,640
90$2,773,852$615,891$306,182$1,486,025
91$2,993,813$583,097$253,467$1,550,753
92$3,234,226$546,713$197,002$1,621,432
93$3,497,115$506,501$136,600$1,698,741
94$3,784,708$462,207$72,064$1,783,431
95$4,099,459$413,565$3,188$1,876,339
96$4,444,069$360,295$0$1,978,392
97$4,821,512$302,098$0$2,103,375
98$5,235,066$238,660$0$2,241,124
99$5,688,337$169,649$0$2,392,370
100$6,185,300$94,714$0$2,558,564