Can I retire at age 72 with 763,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$63,008$62,447$61,899$61,365$60,843$60,535
2 years$31,192$30,611$30,048$29,502$28,973$28,663
3 years$20,588$20,005$19,443$18,902$18,381$18,078
4 years$15,287$14,706$14,150$13,618$13,110$12,816
5 years$12,107$11,529$10,981$10,460$9,966$9,682
6 years$9,988$9,415$8,874$8,365$7,886$7,612
7 years$8,475$7,906$7,374$6,877$6,413$6,150
8 years$7,341$6,777$6,254$5,769$5,320$5,067
9 years$6,459$5,901$5,387$4,914$4,480$4,238
10 years$5,754$5,201$4,696$4,236$3,818$3,585
11 years$5,178$4,630$4,134$3,687$3,283$3,061
12 years$4,698$4,156$3,669$3,234$2,845$2,633
13 years$4,292$3,756$3,278$2,855$2,481$2,279
14 years$3,944$3,414$2,945$2,534$2,175$1,982
15 years$3,643$3,119$2,659$2,260$1,915$1,732
16 years$3,380$2,861$2,411$2,024$1,692$1,518
17 years$3,148$2,635$2,194$1,818$1,501$1,335
18 years$2,943$2,435$2,003$1,639$1,334$1,177
19 years$2,759$2,257$1,834$1,481$1,189$1,040
20 years$2,593$2,097$1,683$1,341$1,062$921
21 years$2,444$1,953$1,548$1,217$951$817
22 years$2,308$1,823$1,426$1,107$852$726
23 years$2,184$1,705$1,317$1,008$765$646
24 years$2,071$1,598$1,218$919$688$576
25 years$1,967$1,499$1,128$839$619$513
26 years$1,871$1,409$1,046$767$557$458
27 years$1,783$1,326$972$703$502$409
28 years$1,701$1,250$903$644$453$366
29 years$1,624$1,179$841$590$409$327
30 years$1,553$1,113$783$542$370$293
31 years$1,487$1,053$730$497$334$262
32 years$1,425$996$681$457$302$235
33 years$1,366$943$636$420$274$210
34 years$1,312$894$594$387$248$189
35 years$1,260$848$555$356$224$169
36 years$1,212$805$520$328$203$152
37 years$1,166$764$486$302$184$136
38 years$1,123$726$455$279$167$122
39 years$1,082$691$427$257$152$110
40 years$1,043$657$400$237$137$98
41 years$1,006$626$375$219$125$88
42 years$971$596$352$202$113$79
43 years$938$568$330$186$103$71
44 years$907$541$310$172$93$64
45 years$876$516$291$159$85$58
46 years$848$492$273$147$77$52
47 years$820$470$257$135$70$46
48 years$794$448$241$125$63$42
49 years$769$428$227$116$58$38
50 years$745$409$213$107$52$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $763,000, adding $6,820 every year, while hoping to spend $34,355 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: 35/39/26 Blend
71$763,000$763,000$763,000$763,000
72$847,861$807,422$795,595$870,682
73$897,789$810,432$785,694$891,279
74$951,659$812,438$774,310$909,891
75$1,009,835$813,355$761,357$929,300
76$1,072,721$813,092$746,745$949,599
77$1,140,757$811,552$730,379$970,893
78$1,214,429$808,633$712,162$993,302
79$1,294,272$804,227$691,990$1,016,959
80$1,380,871$798,217$669,755$1,042,015
81$1,474,873$790,483$645,345$1,068,639
82$1,576,987$780,894$618,641$1,097,020
83$1,687,995$769,313$589,521$1,127,369
84$1,808,755$755,594$557,855$1,159,925
85$1,940,214$739,584$523,508$1,194,952
86$2,083,410$721,118$486,341$1,232,747
87$2,239,490$700,024$446,205$1,273,642
88$2,409,712$676,120$402,947$1,318,006
89$2,595,463$649,210$356,406$1,366,252
90$2,798,269$619,091$306,415$1,418,839
91$3,019,811$585,545$252,798$1,476,281
92$3,261,939$548,343$195,374$1,539,147
93$3,526,687$507,242$133,949$1,608,072
94$3,816,299$461,987$68,326$1,683,763
95$4,133,242$412,305$0$1,767,006
96$4,480,236$357,911$0$1,859,146
97$4,860,273$298,502$0$1,980,939
98$5,276,651$233,758$0$2,114,551
99$5,732,999$163,342$0$2,261,243
100$6,233,315$86,896$0$2,422,411