Can I retire at age 72 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,346$52,871$52,407$51,955$51,513$51,253
2 years$26,409$25,917$25,440$24,978$24,530$24,267
3 years$17,431$16,937$16,462$16,004$15,563$15,306
4 years$12,943$12,451$11,980$11,530$11,100$10,850
5 years$10,251$9,761$9,297$8,856$8,438$8,197
6 years$8,457$7,971$7,513$7,082$6,676$6,445
7 years$7,176$6,694$6,244$5,823$5,430$5,207
8 years$6,215$5,738$5,295$4,885$4,504$4,290
9 years$5,469$4,996$4,561$4,161$3,793$3,588
10 years$4,872$4,404$3,976$3,586$3,232$3,036
11 years$4,384$3,920$3,500$3,121$2,780$2,592
12 years$3,977$3,519$3,107$2,738$2,409$2,229
13 years$3,634$3,180$2,775$2,417$2,101$1,929
14 years$3,340$2,890$2,494$2,146$1,841$1,678
15 years$3,085$2,640$2,252$1,913$1,621$1,466
16 years$2,862$2,423$2,041$1,713$1,433$1,285
17 years$2,666$2,231$1,858$1,539$1,271$1,130
18 years$2,491$2,062$1,696$1,387$1,130$997
19 years$2,336$1,911$1,552$1,254$1,007$881
20 years$2,196$1,775$1,425$1,135$899$780
21 years$2,069$1,654$1,310$1,030$805$692
22 years$1,954$1,544$1,208$937$721$615
23 years$1,849$1,444$1,115$853$648$547
24 years$1,754$1,353$1,031$778$582$487
25 years$1,665$1,270$955$711$524$435
26 years$1,584$1,193$886$650$472$388
27 years$1,509$1,123$823$595$425$346
28 years$1,440$1,058$765$545$384$310
29 years$1,375$998$712$500$347$277
30 years$1,315$943$663$459$313$248
31 years$1,259$891$618$421$283$222
32 years$1,206$843$577$387$256$199
33 years$1,157$799$538$356$232$178
34 years$1,111$757$503$328$210$160
35 years$1,067$718$470$302$190$143
36 years$1,026$681$440$278$172$128
37 years$987$647$412$256$156$115
38 years$951$615$386$236$142$103
39 years$916$585$361$217$128$93
40 years$883$556$339$201$116$83
41 years$852$530$318$185$106$75
42 years$822$504$298$171$96$67
43 years$794$481$279$158$87$60
44 years$768$458$262$146$79$54
45 years$742$437$246$134$72$49
46 years$718$417$231$124$65$44
47 years$694$398$217$115$59$39
48 years$672$380$204$106$54$35
49 years$651$363$192$98$49$32
50 years$631$346$181$91$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $646,000, adding $6,591 every year, while hoping to spend $51,996 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: 63/7/30 Blend
71$646,000$646,000$646,000$646,000
72$718,691$684,453$674,440$757,799
73$736,674$662,667$641,710$763,366
74$754,748$638,072$606,141$763,216
75$772,869$610,474$567,583$761,955
76$790,984$579,669$525,880$759,483
77$809,034$545,443$480,866$755,693
78$826,952$507,566$432,372$750,470
79$844,663$465,799$380,218$743,686
80$862,081$419,886$324,218$735,208
81$879,111$369,557$264,177$724,888
82$895,644$314,530$199,891$712,567
83$911,560$254,502$131,147$698,075
84$926,723$189,156$57,724$681,223
85$940,981$118,157$0$661,812
86$954,165$41,151$0$646,226
87$966,086$0$0$647,774
88$976,533$0$0$651,034
89$985,271$0$0$656,252
90$992,037$0$0$660,074
91$996,540$0$0$662,298
92$998,458$0$0$662,698
93$997,430$0$0$661,024
94$993,056$0$0$656,997
95$984,894$0$0$650,308
96$972,451$0$0$640,615
97$955,183$0$0$627,539
98$932,485$0$0$610,660
99$903,688$0$0$589,510
100$868,050$0$0$563,575