Can I retire at age 72 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$62,925$62,365$61,818$61,284$60,763$59,415
2 years$31,151$30,571$30,009$29,464$28,935$27,583
3 years$20,561$19,978$19,418$18,878$18,357$17,045
4 years$15,267$14,686$14,131$13,600$13,093$11,830
5 years$12,092$11,514$10,966$10,446$9,953$8,743
6 years$9,975$9,402$8,862$8,354$7,875$6,719
7 years$8,464$7,896$7,365$6,868$6,405$5,303
8 years$7,331$6,768$6,246$5,762$5,313$4,265
9 years$6,451$5,893$5,380$4,908$4,475$3,480
10 years$5,747$5,194$4,690$4,230$3,813$2,870
11 years$5,171$4,624$4,129$3,682$3,279$2,387
12 years$4,692$4,151$3,664$3,229$2,841$1,999
13 years$4,286$3,751$3,274$2,851$2,478$1,683
14 years$3,939$3,409$2,942$2,531$2,172$1,423
15 years$3,639$3,115$2,656$2,257$1,912$1,208
16 years$3,376$2,858$2,408$2,021$1,690$1,029
17 years$3,144$2,632$2,191$1,816$1,499$878
18 years$2,939$2,432$2,000$1,636$1,333$752
19 years$2,755$2,254$1,831$1,479$1,188$644
20 years$2,590$2,094$1,680$1,339$1,061$553
21 years$2,441$1,951$1,546$1,215$949$475
22 years$2,305$1,821$1,425$1,105$851$409
23 years$2,181$1,703$1,315$1,006$764$352
24 years$2,068$1,596$1,217$918$687$304
25 years$1,965$1,497$1,127$838$618$262
26 years$1,869$1,407$1,045$766$557$226
27 years$1,780$1,325$970$702$502$195
28 years$1,698$1,248$902$643$453$169
29 years$1,622$1,177$839$589$409$146
30 years$1,551$1,112$782$541$369$126
31 years$1,485$1,051$729$497$334$109
32 years$1,423$995$680$457$302$94
33 years$1,365$942$635$420$273$82
34 years$1,310$893$593$386$248$71
35 years$1,259$847$555$356$224$61
36 years$1,210$804$519$328$203$53
37 years$1,165$763$486$302$184$46
38 years$1,121$725$455$278$167$40
39 years$1,080$690$426$256$151$34
40 years$1,042$656$399$237$137$30
41 years$1,005$625$375$218$125$26
42 years$970$595$351$201$113$22
43 years$937$567$330$186$103$19
44 years$905$540$309$172$93$17
45 years$875$515$291$159$85$15
46 years$847$492$273$146$77$13
47 years$819$469$256$135$70$11
48 years$793$448$241$125$63$9
49 years$768$428$226$116$57$8
50 years$744$409$213$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $762,000, adding $6,764 every year, while hoping to spend $28,540 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: 72/22/6 Blend
71$762,000$762,000$762,000$762,000
72$846,701$806,315$794,504$906,553
73$902,698$815,458$790,754$956,081
74$963,451$824,093$785,921$1,006,060
75$1,029,413$832,164$779,940$1,059,974
76$1,101,086$839,612$772,740$1,118,203
77$1,179,019$846,376$764,250$1,181,163
78$1,263,819$852,389$754,393$1,249,317
79$1,356,152$857,579$743,088$1,323,170
80$1,456,750$861,871$730,252$1,403,283
81$1,566,421$865,185$715,798$1,490,271
82$1,686,053$867,436$699,634$1,584,814
83$1,816,622$868,532$681,663$1,687,661
84$1,959,205$868,378$661,787$1,799,636
85$2,114,986$866,870$639,899$1,921,650
86$2,285,269$863,901$615,889$2,054,705
87$2,471,489$859,355$589,645$2,199,907
88$2,675,228$853,110$561,044$2,358,473
89$2,898,224$845,035$529,962$2,531,748
90$3,142,394$834,994$496,267$2,721,211
91$3,409,850$822,840$459,824$2,928,496
92$3,702,914$808,419$420,487$3,155,402
93$4,024,147$791,566$378,109$3,403,912
94$4,376,367$772,110$332,532$3,676,214
95$4,762,678$749,865$283,594$3,974,719
96$5,186,501$724,638$231,124$4,302,085
97$5,651,601$696,223$174,944$4,661,241
98$6,162,128$664,402$114,869$5,055,418
99$6,722,652$628,944$50,704$5,488,178
100$7,338,207$589,607$0$5,963,445