Can I retire at age 72 with 774,000?

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 $774,000?

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$63,916$63,347$62,791$62,249$61,720$61,408
2 years$31,642$31,052$30,481$29,928$29,390$29,076
3 years$20,885$20,293$19,723$19,175$18,646$18,339
4 years$15,508$14,918$14,354$13,814$13,299$13,000
5 years$12,282$11,696$11,139$10,611$10,110$9,821
6 years$10,132$9,550$9,002$8,486$7,999$7,721
7 years$8,597$8,020$7,481$6,976$6,506$6,238
8 years$7,447$6,875$6,344$5,852$5,397$5,140
9 years$6,552$5,986$5,464$4,985$4,545$4,299
10 years$5,837$5,276$4,764$4,297$3,873$3,637
11 years$5,253$4,697$4,194$3,740$3,331$3,105
12 years$4,766$4,216$3,722$3,280$2,886$2,671
13 years$4,354$3,810$3,325$2,896$2,517$2,312
14 years$4,001$3,463$2,988$2,571$2,206$2,011
15 years$3,696$3,164$2,698$2,293$1,943$1,757
16 years$3,429$2,903$2,446$2,053$1,717$1,540
17 years$3,194$2,673$2,226$1,844$1,522$1,354
18 years$2,985$2,470$2,032$1,662$1,354$1,194
19 years$2,798$2,289$1,860$1,502$1,206$1,055
20 years$2,631$2,127$1,707$1,360$1,078$935
21 years$2,479$1,981$1,570$1,235$964$829
22 years$2,341$1,850$1,447$1,122$864$737
23 years$2,216$1,730$1,336$1,022$776$655
24 years$2,101$1,621$1,236$932$697$584
25 years$1,995$1,521$1,144$851$628$521
26 years$1,898$1,430$1,061$779$565$465
27 years$1,808$1,345$986$713$510$415
28 years$1,725$1,268$916$653$460$371
29 years$1,648$1,196$853$599$415$332
30 years$1,576$1,129$794$550$375$297
31 years$1,508$1,068$740$505$339$266
32 years$1,445$1,010$691$464$307$238
33 years$1,386$957$645$427$278$213
34 years$1,331$907$603$392$251$191
35 years$1,278$860$563$361$228$172
36 years$1,229$816$527$333$206$154
37 years$1,183$775$493$307$187$138
38 years$1,139$737$462$283$170$124
39 years$1,098$701$433$261$154$111
40 years$1,058$667$406$240$139$100
41 years$1,021$635$380$222$127$90
42 years$985$604$357$205$115$81
43 years$952$576$335$189$104$72
44 years$920$549$314$174$95$65
45 years$889$523$295$161$86$58
46 years$860$499$277$149$78$52
47 years$832$476$260$137$71$47
48 years$805$455$245$127$64$42
49 years$780$434$230$117$58$38
50 years$756$415$216$108$53$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $774,000, adding $3,389 every year, while hoping to spend $52,140 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: 51/43/6 Blend
71$774,000$774,000$774,000$774,000
72$856,444$815,422$803,425$898,709
73$888,324$799,901$774,863$912,283
74$921,709$781,872$743,597$921,106
75$956,697$761,157$709,481$929,446
76$993,394$737,568$672,362$937,268
77$1,031,917$710,905$632,083$944,538
78$1,072,390$680,957$588,475$951,220
79$1,114,951$647,501$541,366$957,282
80$1,159,748$610,301$490,574$962,687
81$1,206,944$569,106$435,909$967,404
82$1,256,713$523,654$377,174$971,399
83$1,309,249$473,664$314,160$974,642
84$1,364,761$418,842$246,653$977,105
85$1,423,477$358,876$174,426$978,762
86$1,485,646$293,436$97,244$979,588
87$1,551,542$222,174$14,862$979,567
88$1,621,461$144,722$0$978,682
89$1,695,729$60,693$0$981,603
90$1,774,703$0$0$984,970
91$1,858,771$0$0$1,002,203
92$1,948,360$0$0$1,051,217
93$2,043,936$0$0$1,103,553
94$2,146,013$0$0$1,159,499
95$2,255,149$0$0$1,219,367
96$2,371,959$0$0$1,283,503
97$2,497,119$0$0$1,352,283
98$2,631,365$0$0$1,426,121
99$2,775,511$0$0$1,505,472
100$2,930,445$0$0$1,590,834