Can I retire at age 72 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$52,768$52,298$51,839$51,392$50,955$50,719
2 years$26,123$25,636$25,165$24,708$24,264$24,026
3 years$17,242$16,754$16,283$15,830$15,394$15,161
4 years$12,803$12,316$11,850$11,405$10,979$10,753
5 years$10,140$9,656$9,196$8,760$8,346$8,128
6 years$8,365$7,885$7,432$7,005$6,604$6,393
7 years$7,098$6,621$6,176$5,760$5,371$5,168
8 years$6,148$5,676$5,238$4,832$4,456$4,261
9 years$5,410$4,942$4,511$4,115$3,752$3,566
10 years$4,819$4,356$3,933$3,548$3,197$3,018
11 years$4,336$3,878$3,463$3,087$2,750$2,579
12 years$3,934$3,481$3,073$2,708$2,383$2,220
13 years$3,594$3,145$2,745$2,391$2,078$1,922
14 years$3,303$2,859$2,467$2,122$1,821$1,673
15 years$3,051$2,612$2,227$1,893$1,604$1,462
16 years$2,831$2,396$2,019$1,695$1,417$1,283
17 years$2,637$2,207$1,837$1,523$1,257$1,129
18 years$2,464$2,039$1,677$1,372$1,117$996
19 years$2,310$1,890$1,536$1,240$996$881
20 years$2,172$1,756$1,409$1,123$890$781
21 years$2,047$1,636$1,296$1,019$796$693
22 years$1,933$1,527$1,195$927$714$616
23 years$1,829$1,428$1,103$844$641$549
24 years$1,735$1,338$1,020$770$576$489
25 years$1,647$1,256$945$703$518$437
26 years$1,567$1,180$876$643$467$390
27 years$1,493$1,111$814$588$421$349
28 years$1,424$1,047$756$539$380$312
29 years$1,360$987$704$494$343$279
30 years$1,301$932$656$454$310$250
31 years$1,245$882$611$417$280$224
32 years$1,193$834$570$383$253$201
33 years$1,144$790$533$352$229$180
34 years$1,099$749$498$324$208$162
35 years$1,055$710$465$298$188$145
36 years$1,015$674$435$275$170$130
37 years$977$640$407$253$154$117
38 years$940$608$381$233$140$105
39 years$906$578$357$215$127$94
40 years$874$550$335$198$115$85
41 years$843$524$314$183$104$76
42 years$814$499$295$169$95$69
43 years$786$475$276$156$86$62
44 years$759$453$260$144$78$55
45 years$734$432$244$133$71$50
46 years$710$412$229$123$64$45
47 years$687$393$215$113$58$40
48 years$665$376$202$105$53$36
49 years$644$359$190$97$48$33
50 years$624$343$179$90$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $639,000, adding $6,319 every year, while hoping to spend $42,322 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: 24/46/30 Blend
71$639,000$639,000$639,000$639,000
72$710,696$676,829$666,925$720,970
73$738,157$664,963$644,236$718,414
74$767,000$651,098$619,369$711,723
75$797,322$635,090$592,206$703,680
76$829,228$616,788$562,624$694,201
77$862,831$596,033$530,494$683,200
78$898,256$572,655$495,682$670,587
79$935,639$546,475$458,048$656,267
80$975,125$517,304$417,443$640,142
81$1,016,877$484,940$373,717$622,111
82$1,061,069$449,174$326,708$602,069
83$1,107,894$409,779$276,248$579,906
84$1,157,561$366,520$222,164$555,509
85$1,210,299$319,146$164,273$528,762
86$1,266,358$267,393$102,385$499,545
87$1,326,013$210,981$36,301$467,733
88$1,389,562$149,615$0$433,199
89$1,457,335$82,983$0$406,768
90$1,529,690$10,757$0$390,463
91$1,607,023$0$0$372,588
92$1,689,765$0$0$387,203
93$1,778,389$0$0$408,762
94$1,873,416$0$0$431,955
95$1,975,415$0$0$456,930
96$2,085,011$0$0$483,852
97$2,202,891$0$0$512,900
98$2,329,809$0$0$544,271
99$2,466,593$0$0$578,182
100$2,614,152$0$0$614,872