Can I retire at age 72 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$51,777$51,316$50,866$50,427$49,998$49,538
2 years$25,632$25,155$24,692$24,244$23,809$23,345
3 years$16,918$16,439$15,977$15,533$15,105$14,652
4 years$12,562$12,084$11,628$11,191$10,773$10,335
5 years$9,949$9,474$9,023$8,596$8,190$7,767
6 years$8,208$7,736$7,292$6,874$6,480$6,074
7 years$6,965$6,497$6,060$5,651$5,270$4,880
8 years$6,033$5,569$5,139$4,741$4,372$3,998
9 years$5,308$4,849$4,426$4,038$3,682$3,324
10 years$4,729$4,274$3,859$3,481$3,137$2,796
11 years$4,255$3,805$3,397$3,029$2,698$2,372
12 years$3,860$3,415$3,015$2,657$2,338$2,028
13 years$3,527$3,086$2,694$2,346$2,039$1,744
14 years$3,241$2,805$2,420$2,082$1,787$1,507
15 years$2,994$2,563$2,185$1,857$1,574$1,308
16 years$2,778$2,351$1,981$1,663$1,391$1,139
17 years$2,587$2,165$1,803$1,494$1,233$994
18 years$2,418$2,001$1,646$1,346$1,096$871
19 years$2,267$1,854$1,507$1,217$977$764
20 years$2,131$1,723$1,383$1,102$873$672
21 years$2,008$1,605$1,272$1,000$781$592
22 years$1,897$1,498$1,172$909$700$522
23 years$1,795$1,401$1,082$828$629$461
24 years$1,702$1,313$1,001$755$565$407
25 years$1,617$1,232$927$690$508$360
26 years$1,538$1,158$860$631$458$319
27 years$1,465$1,090$798$577$413$283
28 years$1,397$1,027$742$529$373$251
29 years$1,335$969$691$485$336$222
30 years$1,276$915$643$445$304$197
31 years$1,222$865$600$409$275$175
32 years$1,171$818$560$376$249$156
33 years$1,123$775$523$346$225$138
34 years$1,078$735$488$318$204$123
35 years$1,036$697$456$293$184$109
36 years$996$661$427$270$167$97
37 years$958$628$400$248$151$87
38 years$923$597$374$229$137$77
39 years$889$568$351$211$125$69
40 years$857$540$329$195$113$61
41 years$827$514$308$180$102$54
42 years$798$490$289$166$93$48
43 years$771$466$271$153$84$43
44 years$745$445$255$141$77$38
45 years$720$424$239$130$70$34
46 years$697$404$225$121$63$30
47 years$674$386$211$111$57$27
48 years$652$368$198$103$52$24
49 years$632$352$186$95$47$22
50 years$612$336$175$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $627,000, adding $4,519 every year, while hoping to spend $34,658 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: 55/38/7 Blend
71$627,000$627,000$627,000$627,000
72$695,615$662,384$652,666$732,510
73$729,692$657,965$637,654$753,518
74$766,083$652,168$620,978$772,146
75$804,988$644,889$602,545$791,584
76$846,626$636,017$582,259$811,911
77$891,235$625,435$560,018$833,220
78$939,080$613,020$535,718$855,613
79$990,448$598,640$509,246$879,205
80$1,045,657$582,157$480,489$904,124
81$1,105,053$563,422$449,325$930,513
82$1,169,020$542,281$415,629$958,533
83$1,237,975$518,568$379,268$988,362
84$1,312,380$492,110$340,105$1,020,201
85$1,392,741$462,721$297,996$1,054,272
86$1,479,613$430,206$252,791$1,090,823
87$1,573,607$394,360$204,334$1,130,133
88$1,675,396$354,965$152,460$1,172,508
89$1,785,717$311,789$96,998$1,218,294
90$1,905,384$264,590$37,771$1,267,871
91$2,035,288$213,110$0$1,321,666
92$2,176,413$157,078$0$1,382,052
93$2,329,838$96,206$0$1,450,788
94$2,496,753$30,191$0$1,525,650
95$2,678,465$0$0$1,607,304
96$2,876,413$0$0$1,713,751
97$3,092,182$0$0$1,843,595
98$3,327,514$0$0$1,985,266
99$3,584,328$0$0$2,139,928
100$3,864,735$0$0$2,308,858