Can I retire at age 72 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$51,612$51,152$50,704$50,266$49,838$48,792
2 years$25,550$25,075$24,613$24,166$23,733$22,684
3 years$16,864$16,387$15,927$15,484$15,057$14,038
4 years$12,522$12,046$11,590$11,155$10,739$9,757
5 years$9,918$9,444$8,995$8,568$8,163$7,222
6 years$8,182$7,712$7,269$6,852$6,459$5,560
7 years$6,942$6,476$6,041$5,633$5,253$4,395
8 years$6,013$5,551$5,123$4,726$4,358$3,542
9 years$5,291$4,834$4,412$4,025$3,670$2,894
10 years$4,714$4,261$3,847$3,470$3,127$2,391
11 years$4,241$3,793$3,387$3,020$2,689$1,993
12 years$3,848$3,404$3,006$2,649$2,331$1,672
13 years$3,516$3,076$2,685$2,338$2,032$1,411
14 years$3,231$2,796$2,413$2,076$1,782$1,196
15 years$2,984$2,555$2,178$1,851$1,569$1,017
16 years$2,769$2,344$1,975$1,658$1,386$868
17 years$2,579$2,159$1,797$1,489$1,229$743
18 years$2,410$1,995$1,641$1,342$1,093$637
19 years$2,260$1,849$1,502$1,213$974$547
20 years$2,124$1,718$1,378$1,098$870$471
21 years$2,002$1,600$1,268$997$779$406
22 years$1,891$1,494$1,168$906$698$350
23 years$1,789$1,397$1,079$825$627$302
24 years$1,697$1,309$998$753$563$261
25 years$1,611$1,228$924$688$507$226
26 years$1,533$1,154$857$629$456$195
27 years$1,460$1,086$796$575$412$169
28 years$1,393$1,024$740$527$371$146
29 years$1,330$966$689$483$335$127
30 years$1,272$912$641$444$303$110
31 years$1,218$862$598$408$274$95
32 years$1,167$816$558$375$248$83
33 years$1,119$773$521$344$224$72
34 years$1,074$732$487$317$203$62
35 years$1,032$695$455$292$184$54
36 years$993$659$426$269$167$47
37 years$955$626$398$248$151$41
38 years$920$595$373$228$137$35
39 years$886$566$350$210$124$31
40 years$854$538$328$194$113$27
41 years$824$512$307$179$102$23
42 years$796$488$288$165$93$20
43 years$768$465$270$153$84$17
44 years$743$443$254$141$76$15
45 years$718$423$238$130$69$13
46 years$694$403$224$120$63$11
47 years$672$385$210$111$57$10
48 years$650$367$198$103$52$9
49 years$630$351$186$95$47$8
50 years$610$335$175$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $625,000, adding $2,711 every year, while hoping to spend $50,385 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: 59/18/23 Blend
71$625,000$625,000$625,000$625,000
72$691,546$658,421$648,734$727,946
73$708,475$637,075$616,857$731,671
74$725,441$612,994$582,224$730,052
75$742,397$585,990$544,689$727,189
76$759,284$555,867$504,099$722,970
77$776,042$522,415$460,297$717,279
78$792,596$485,412$413,115$709,987
79$808,867$444,623$362,381$700,956
80$824,764$399,802$307,913$690,037
81$840,184$350,686$249,522$677,070
82$855,013$297,000$187,011$661,881
83$869,122$238,451$120,173$644,283
84$882,367$174,729$48,794$624,072
85$894,588$105,511$0$601,030
86$905,605$30,450$0$581,639
87$915,219$0$0$572,138
88$923,207$0$0$570,388
89$929,320$0$0$573,423
90$933,284$0$0$575,029
91$934,790$0$0$575,008
92$933,499$0$0$573,136
93$929,032$0$0$569,167
94$920,970$0$0$562,826
95$908,846$0$0$553,811
96$892,145$0$0$541,783
97$870,293$0$0$526,370
98$842,659$0$0$507,159
99$808,538$0$0$483,692
100$767,156$0$0$455,463