Can I retire at age 72 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$63,256$62,692$62,142$61,606$61,082$60,722
2 years$31,315$30,731$30,166$29,618$29,087$28,724
3 years$20,669$20,083$19,520$18,977$18,454$18,099
4 years$15,347$14,763$14,205$13,672$13,161$12,817
5 years$12,155$11,575$11,024$10,501$10,005$9,673
6 years$10,028$9,452$8,909$8,398$7,917$7,597
7 years$8,509$7,937$7,403$6,904$6,438$6,131
8 years$7,370$6,804$6,279$5,792$5,341$5,046
9 years$6,485$5,924$5,408$4,933$4,498$4,215
10 years$5,777$5,222$4,715$4,253$3,833$3,562
11 years$5,198$4,649$4,151$3,701$3,296$3,037
12 years$4,716$4,172$3,684$3,246$2,856$2,609
13 years$4,309$3,771$3,291$2,866$2,491$2,255
14 years$3,960$3,427$2,957$2,544$2,183$1,959
15 years$3,658$3,131$2,670$2,269$1,922$1,709
16 years$3,394$2,873$2,421$2,032$1,699$1,497
17 years$3,161$2,646$2,203$1,825$1,507$1,314
18 years$2,954$2,445$2,011$1,645$1,340$1,157
19 years$2,769$2,266$1,841$1,486$1,194$1,021
20 years$2,603$2,105$1,689$1,346$1,066$903
21 years$2,453$1,961$1,554$1,222$954$800
22 years$2,317$1,831$1,432$1,111$855$710
23 years$2,193$1,712$1,322$1,012$768$631
24 years$2,079$1,604$1,223$923$690$561
25 years$1,975$1,505$1,133$843$621$499
26 years$1,879$1,415$1,050$771$559$445
27 years$1,790$1,331$975$705$504$397
28 years$1,707$1,255$907$646$455$354
29 years$1,631$1,184$844$593$411$316
30 years$1,559$1,118$786$544$371$283
31 years$1,493$1,057$733$499$336$253
32 years$1,430$1,000$684$459$304$226
33 years$1,372$947$638$422$275$202
34 years$1,317$897$596$388$249$181
35 years$1,265$851$558$358$225$162
36 years$1,217$808$522$329$204$145
37 years$1,171$767$488$303$185$130
38 years$1,127$729$457$280$168$116
39 years$1,086$693$428$258$152$104
40 years$1,047$660$402$238$138$93
41 years$1,010$628$377$219$125$84
42 years$975$598$353$202$114$75
43 years$942$570$331$187$103$67
44 years$910$543$311$173$94$60
45 years$880$518$292$159$85$54
46 years$851$494$274$147$77$49
47 years$823$472$258$136$70$44
48 years$797$450$242$126$64$39
49 years$772$430$228$116$58$35
50 years$748$411$214$107$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $766,000, adding $6,611 every year, while hoping to spend $51,364 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: 43/42/15 Blend
71$766,000$766,000$766,000$766,000
72$850,951$810,353$798,480$883,568
73$883,097$795,410$770,578$892,161
74$916,801$778,012$740,020$895,850
75$952,166$757,987$706,663$898,737
76$989,308$735,148$670,356$900,773
77$1,028,348$709,301$630,944$901,907
78$1,069,421$680,239$588,263$902,084
79$1,112,674$647,743$542,141$901,252
80$1,158,265$611,580$492,401$899,357
81$1,206,367$571,507$438,856$896,342
82$1,257,169$527,263$381,310$892,155
83$1,310,878$478,576$319,561$886,740
84$1,367,717$425,156$253,396$880,044
85$1,427,932$366,697$182,593$872,014
86$1,491,792$302,876$106,921$862,599
87$1,559,589$233,351$26,137$851,749
88$1,631,644$157,762$0$839,419
89$1,708,307$75,728$0$835,182
90$1,789,962$0$0$834,474
91$1,877,029$0$0$839,198
92$1,969,969$0$0$881,655
93$2,069,285$0$0$927,085
94$2,175,530$0$0$975,746
95$2,289,311$0$0$1,027,925
96$2,411,291$0$0$1,083,934
97$2,542,200$0$0$1,144,118
98$2,682,838$0$0$1,208,854
99$2,834,083$0$0$1,278,557
100$2,996,899$0$0$1,353,680