Can I retire at age 72 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$51,364$50,907$50,460$50,025$49,599$48,439
2 years$25,428$24,954$24,495$24,050$23,619$22,457
3 years$16,783$16,308$15,850$15,409$14,985$13,857
4 years$12,462$11,988$11,535$11,101$10,687$9,602
5 years$9,870$9,399$8,951$8,527$8,124$7,085
6 years$8,143$7,675$7,234$6,819$6,428$5,437
7 years$6,909$6,445$6,012$5,606$5,228$4,283
8 years$5,984$5,525$5,098$4,703$4,337$3,439
9 years$5,266$4,810$4,391$4,006$3,653$2,801
10 years$4,691$4,240$3,828$3,453$3,112$2,305
11 years$4,221$3,775$3,370$3,005$2,677$1,914
12 years$3,830$3,388$2,991$2,636$2,319$1,600
13 years$3,499$3,062$2,672$2,327$2,023$1,344
14 years$3,215$2,783$2,401$2,066$1,773$1,135
15 years$2,970$2,542$2,168$1,842$1,561$961
16 years$2,756$2,333$1,966$1,650$1,380$817
17 years$2,567$2,148$1,789$1,482$1,223$696
18 years$2,399$1,985$1,633$1,336$1,088$594
19 years$2,249$1,840$1,495$1,207$970$508
20 years$2,114$1,710$1,372$1,093$866$435
21 years$1,992$1,592$1,262$992$775$373
22 years$1,882$1,486$1,163$902$695$320
23 years$1,781$1,390$1,074$822$624$275
24 years$1,688$1,303$993$749$560$237
25 years$1,604$1,222$920$684$504$204
26 years$1,525$1,149$853$626$454$176
27 years$1,453$1,081$792$573$410$151
28 years$1,386$1,019$736$525$370$130
29 years$1,324$961$685$481$334$112
30 years$1,266$908$638$442$302$97
31 years$1,212$858$595$406$273$84
32 years$1,161$812$555$373$247$72
33 years$1,114$769$518$343$223$62
34 years$1,069$729$484$315$202$54
35 years$1,027$691$453$290$183$46
36 years$988$656$424$267$166$40
37 years$951$623$396$246$150$35
38 years$915$592$371$227$136$30
39 years$882$563$348$209$124$26
40 years$850$536$326$193$112$22
41 years$820$510$306$178$102$19
42 years$792$486$287$164$92$17
43 years$765$463$269$152$84$14
44 years$739$441$253$140$76$12
45 years$714$421$237$129$69$11
46 years$691$401$223$120$63$9
47 years$669$383$209$110$57$8
48 years$647$366$197$102$52$7
49 years$627$349$185$94$47$6
50 years$607$333$174$87$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $622,000, adding $6,673 every year, while hoping to spend $31,394 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: 82/8/10 Blend
71$622,000$622,000$622,000$622,000
72$692,327$659,361$649,720$747,471
73$729,542$658,267$638,083$783,467
74$769,500$656,067$625,003$818,134
75$812,448$652,674$610,401$855,249
76$858,658$647,995$594,189$895,039
77$908,426$641,932$576,279$937,757
78$962,080$634,380$556,579$983,679
79$1,019,977$625,230$534,990$1,033,110
80$1,082,513$614,364$511,410$1,086,386
81$1,150,120$601,659$485,732$1,143,877
82$1,223,274$586,982$457,847$1,205,992
83$1,302,499$570,195$427,636$1,273,178
84$1,388,370$551,151$394,978$1,345,932
85$1,481,520$529,694$359,746$1,424,798
86$1,582,645$505,659$321,807$1,510,380
87$1,692,510$478,871$281,023$1,603,338
88$1,811,957$449,147$237,248$1,704,404
89$1,941,912$416,290$190,331$1,814,383
90$2,083,394$380,096$140,114$1,934,161
91$2,237,524$340,345$86,432$2,064,718
92$2,405,537$296,807$29,113$2,207,131
93$2,588,791$249,240$0$2,362,588
94$2,788,780$197,385$0$2,535,821
95$3,007,150$140,971$0$2,728,389
96$3,245,712$79,711$0$2,938,796
97$3,506,459$13,302$0$3,168,818
98$3,791,588$0$0$3,420,413
99$4,103,516$0$0$3,700,892
100$4,444,904$0$0$4,009,157