Can I retire at age 72 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$54,667$54,180$53,705$53,242$52,789$51,808
2 years$27,063$26,559$26,071$25,597$25,138$24,153
3 years$17,863$17,357$16,869$16,400$15,948$14,991
4 years$13,264$12,759$12,277$11,815$11,374$10,451
5 years$10,505$10,003$9,527$9,075$8,647$7,760
6 years$8,666$8,168$7,699$7,258$6,842$5,994
7 years$7,353$6,860$6,398$5,967$5,564$4,754
8 years$6,369$5,880$5,426$5,005$4,616$3,844
9 years$5,604$5,120$4,674$4,264$3,887$3,153
10 years$4,993$4,513$4,075$3,675$3,312$2,615
11 years$4,492$4,017$3,587$3,199$2,849$2,187
12 years$4,076$3,606$3,183$2,806$2,469$1,842
13 years$3,724$3,259$2,844$2,477$2,153$1,560
14 years$3,422$2,962$2,556$2,199$1,887$1,328
15 years$3,161$2,706$2,307$1,961$1,661$1,134
16 years$2,933$2,483$2,092$1,756$1,468$972
17 years$2,732$2,286$1,904$1,578$1,302$835
18 years$2,553$2,113$1,738$1,422$1,158$719
19 years$2,393$1,958$1,591$1,285$1,032$621
20 years$2,250$1,819$1,460$1,163$922$537
21 years$2,120$1,695$1,343$1,056$825$464
22 years$2,003$1,582$1,238$960$739$402
23 years$1,895$1,480$1,143$874$664$349
24 years$1,797$1,386$1,057$797$597$303
25 years$1,707$1,301$979$728$537$263
26 years$1,624$1,223$908$666$483$229
27 years$1,547$1,151$843$610$436$199
28 years$1,475$1,084$784$558$393$173
29 years$1,409$1,023$729$512$355$151
30 years$1,348$966$679$470$321$132
31 years$1,290$913$633$432$290$115
32 years$1,236$864$591$397$262$100
33 years$1,186$818$552$365$238$87
34 years$1,138$776$515$336$215$76
35 years$1,093$736$482$309$195$66
36 years$1,051$698$451$285$176$58
37 years$1,012$663$422$262$160$50
38 years$974$630$395$242$145$44
39 years$939$599$370$223$131$38
40 years$905$570$347$206$119$34
41 years$873$543$325$190$108$29
42 years$843$517$305$175$98$26
43 years$814$492$286$162$89$22
44 years$787$469$269$149$81$19
45 years$760$448$252$138$73$17
46 years$735$427$237$127$67$15
47 years$712$408$223$118$61$13
48 years$689$389$209$109$55$11
49 years$667$372$197$100$50$10
50 years$646$355$185$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $662,000, adding $6,642 every year, while hoping to spend $41,996 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: 56/35/9 Blend
71$662,000$662,000$662,000$662,000
72$736,375$701,289$691,028$775,657
73$766,802$690,969$669,494$792,625
74$798,925$678,736$645,831$805,864
75$832,872$664,451$619,924$819,272
76$868,785$647,968$591,651$832,869
77$906,816$629,134$560,886$846,681
78$947,133$607,783$527,497$860,740
79$989,918$583,742$491,346$875,081
80$1,035,372$556,827$452,288$889,748
81$1,083,713$526,846$410,174$904,791
82$1,135,182$493,591$364,844$920,266
83$1,190,039$456,845$316,135$936,242
84$1,248,573$416,381$263,876$952,795
85$1,311,097$371,953$207,885$970,014
86$1,377,957$323,306$147,977$987,999
87$1,449,529$270,170$83,955$1,006,867
88$1,526,230$212,256$15,616$1,026,748
89$1,608,512$149,264$0$1,047,794
90$1,696,876$80,873$0$1,075,678
91$1,791,868$6,746$0$1,107,046
92$1,894,089$0$0$1,140,638
93$2,004,199$0$0$1,205,019
94$2,122,924$0$0$1,277,284
95$2,251,058$0$0$1,355,325
96$2,389,478$0$0$1,439,681
97$2,539,144$0$0$1,530,943
98$2,701,113$0$0$1,629,763
99$2,876,547$0$0$1,736,856
100$3,066,723$0$0$1,853,010