Can I retire at age 72 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$64,247$63,674$63,116$62,571$62,039$61,648
2 years$31,805$31,213$30,639$30,082$29,542$29,148
3 years$20,993$20,398$19,825$19,274$18,743$18,357
4 years$15,588$14,995$14,428$13,886$13,368$12,994
5 years$12,346$11,756$11,197$10,666$10,162$9,801
6 years$10,185$9,600$9,048$8,529$8,041$7,693
7 years$8,642$8,062$7,519$7,012$6,539$6,205
8 years$7,485$6,910$6,377$5,883$5,425$5,104
9 years$6,586$6,017$5,492$5,011$4,569$4,261
10 years$5,867$5,303$4,788$4,319$3,893$3,599
11 years$5,280$4,721$4,216$3,759$3,348$3,067
12 years$4,790$4,238$3,741$3,297$2,901$2,633
13 years$4,376$3,830$3,343$2,911$2,530$2,275
14 years$4,022$3,481$3,003$2,584$2,218$1,975
15 years$3,715$3,180$2,712$2,304$1,953$1,721
16 years$3,447$2,918$2,458$2,063$1,726$1,506
17 years$3,210$2,687$2,237$1,854$1,530$1,322
18 years$3,000$2,483$2,042$1,671$1,361$1,163
19 years$2,813$2,301$1,870$1,510$1,213$1,026
20 years$2,644$2,138$1,716$1,367$1,083$907
21 years$2,492$1,992$1,578$1,241$969$802
22 years$2,353$1,859$1,455$1,128$869$711
23 years$2,227$1,739$1,343$1,028$780$631
24 years$2,112$1,629$1,242$937$701$561
25 years$2,006$1,529$1,150$856$631$499
26 years$1,908$1,437$1,067$783$568$445
27 years$1,818$1,352$991$716$512$396
28 years$1,734$1,274$921$656$462$353
29 years$1,656$1,202$857$602$417$315
30 years$1,584$1,135$798$552$377$281
31 years$1,516$1,073$744$507$341$251
32 years$1,453$1,016$694$466$308$225
33 years$1,393$962$648$429$279$201
34 years$1,338$911$606$394$253$180
35 years$1,285$865$566$363$229$161
36 years$1,236$821$530$334$207$144
37 years$1,189$779$496$308$188$129
38 years$1,145$741$464$284$170$115
39 years$1,103$704$435$262$155$103
40 years$1,064$670$408$242$140$92
41 years$1,026$638$382$223$127$83
42 years$991$607$359$206$115$74
43 years$957$579$337$190$105$66
44 years$924$552$316$175$95$59
45 years$894$526$297$162$86$53
46 years$864$502$279$150$78$48
47 years$836$479$262$138$71$43
48 years$810$457$246$128$65$38
49 years$784$437$231$118$59$34
50 years$760$417$217$109$53$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $778,000, adding $4,450 every year, while hoping to spend $57,954 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: 62/9/29 Blend
71$778,000$778,000$778,000$778,000
72$861,946$820,712$808,653$908,410
73$888,202$799,264$774,080$919,088
74$915,194$774,823$736,407$924,081
75$942,935$747,181$695,468$928,310
76$971,439$716,118$651,091$931,712
77$1,000,719$681,401$603,096$934,220
78$1,030,786$642,783$551,294$935,761
79$1,061,652$600,006$495,488$936,261
80$1,093,327$552,792$435,473$935,639
81$1,125,820$500,852$371,034$933,809
82$1,159,137$443,878$301,948$930,680
83$1,193,285$381,543$227,979$926,155
84$1,228,267$313,506$148,883$920,132
85$1,264,085$239,403$64,406$912,500
86$1,300,739$158,851$0$903,145
87$1,338,224$71,444$0$899,908
88$1,376,535$0$0$916,477
89$1,415,660$0$0$935,154
90$1,455,585$0$0$961,422
91$1,496,293$0$0$988,192
92$1,537,757$0$0$1,015,447
93$1,579,950$0$0$1,043,166
94$1,622,834$0$0$1,071,322
95$1,666,368$0$0$1,099,886
96$1,710,499$0$0$1,128,820
97$1,755,167$0$0$1,158,084
98$1,800,302$0$0$1,187,627
99$1,845,824$0$0$1,217,394
100$1,891,639$0$0$1,247,318