Can I retire at age 72 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$53,842$53,362$52,894$52,437$51,991$50,448
2 years$26,654$26,158$25,677$25,210$24,758$23,216
3 years$17,593$17,094$16,615$16,152$15,707$14,215
4 years$13,063$12,566$12,091$11,637$11,203$9,771
5 years$10,346$9,852$9,383$8,938$8,516$7,150
6 years$8,535$8,045$7,583$7,148$6,738$5,438
7 years$7,242$6,756$6,302$5,877$5,480$4,246
8 years$6,273$5,791$5,344$4,930$4,546$3,377
9 years$5,520$5,042$4,603$4,199$3,829$2,724
10 years$4,917$4,445$4,013$3,620$3,262$2,220
11 years$4,425$3,957$3,533$3,150$2,806$1,824
12 years$4,014$3,551$3,135$2,763$2,431$1,509
13 years$3,668$3,209$2,801$2,439$2,120$1,254
14 years$3,371$2,917$2,517$2,165$1,858$1,047
15 years$3,113$2,665$2,272$1,931$1,636$877
16 years$2,889$2,445$2,060$1,729$1,446$737
17 years$2,690$2,252$1,875$1,554$1,282$620
18 years$2,515$2,081$1,711$1,400$1,140$523
19 years$2,357$1,928$1,567$1,265$1,016$442
20 years$2,216$1,792$1,438$1,146$908$374
21 years$2,088$1,669$1,323$1,040$812$317
22 years$1,972$1,558$1,219$946$728$269
23 years$1,867$1,457$1,126$861$654$228
24 years$1,770$1,365$1,041$785$587$194
25 years$1,681$1,281$964$717$529$165
26 years$1,599$1,204$894$656$476$140
27 years$1,523$1,133$830$600$429$119
28 years$1,453$1,068$772$550$387$101
29 years$1,388$1,007$718$504$350$86
30 years$1,327$951$669$463$316$73
31 years$1,270$899$624$425$286$62
32 years$1,217$851$582$391$258$53
33 years$1,168$806$543$359$234$45
34 years$1,121$764$508$331$212$39
35 years$1,077$725$475$304$192$33
36 years$1,036$688$444$280$174$28
37 years$996$653$416$258$158$24
38 years$959$621$389$238$143$20
39 years$925$590$365$219$130$17
40 years$891$562$342$202$117$15
41 years$860$535$320$187$107$13
42 years$830$509$301$172$97$11
43 years$802$485$282$159$88$9
44 years$775$462$265$147$80$8
45 years$749$441$249$136$72$7
46 years$724$421$234$125$66$6
47 years$701$401$219$116$60$5
48 years$679$383$206$107$54$4
49 years$657$366$194$99$49$4
50 years$637$350$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $652,000, adding $4,316 every year, while hoping to spend $24,466 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: 65/7/28 Blend
71$652,000$652,000$652,000$652,000
72$722,956$688,400$678,294$764,335
73$770,666$696,100$674,985$800,529
74$822,422$703,357$670,746$836,973
75$878,612$710,124$665,518$876,273
76$939,660$716,350$659,243$918,712
77$1,006,036$721,982$651,858$964,604
78$1,078,253$726,961$643,297$1,014,295
79$1,156,879$731,226$633,492$1,068,167
80$1,242,537$734,713$622,370$1,126,640
81$1,335,914$737,351$609,857$1,190,179
82$1,437,764$739,068$595,874$1,259,297
83$1,548,919$739,785$580,339$1,334,560
84$1,670,293$739,420$563,165$1,416,592
85$1,802,894$737,882$544,262$1,506,082
86$1,947,831$735,080$523,537$1,603,791
87$2,106,324$730,914$500,889$1,710,558
88$2,279,718$725,277$476,218$1,827,306
89$2,469,492$718,058$449,414$1,955,058
90$2,677,276$709,139$420,365$2,094,939
91$2,904,865$698,394$388,954$2,248,192
92$3,154,235$685,689$355,058$2,416,188
93$3,427,562$670,883$318,548$2,600,436
94$3,727,244$653,827$279,290$2,802,606
95$4,055,921$634,362$237,144$3,024,537
96$4,416,501$612,322$191,964$3,268,255
97$4,812,186$587,527$143,597$3,536,000
98$5,246,505$559,792$91,883$3,830,238
99$5,723,344$528,918$36,657$4,153,690
100$6,246,984$494,694$0$4,509,358