Can I retire at age 72 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$54,998$54,508$54,030$53,563$53,108$52,773
2 years$27,227$26,719$26,228$25,752$25,289$24,952
3 years$17,971$17,461$16,971$16,499$16,045$15,715
4 years$13,344$12,836$12,351$11,887$11,443$11,123
5 years$10,568$10,064$9,585$9,130$8,699$8,390
6 years$8,719$8,218$7,746$7,302$6,883$6,586
7 years$7,398$6,901$6,437$6,003$5,598$5,312
8 years$6,408$5,916$5,459$5,036$4,644$4,370
9 years$5,638$5,151$4,702$4,289$3,911$3,648
10 years$5,023$4,540$4,099$3,697$3,332$3,081
11 years$4,520$4,042$3,609$3,218$2,866$2,626
12 years$4,101$3,628$3,203$2,823$2,483$2,254
13 years$3,746$3,278$2,861$2,492$2,166$1,947
14 years$3,443$2,980$2,571$2,212$1,898$1,690
15 years$3,180$2,722$2,321$1,973$1,672$1,474
16 years$2,951$2,498$2,105$1,766$1,477$1,289
17 years$2,748$2,300$1,915$1,587$1,310$1,132
18 years$2,569$2,125$1,748$1,430$1,165$996
19 years$2,408$1,970$1,600$1,292$1,038$878
20 years$2,264$1,830$1,469$1,170$927$776
21 years$2,133$1,705$1,351$1,062$830$687
22 years$2,015$1,592$1,245$966$744$609
23 years$1,907$1,489$1,150$880$668$541
24 years$1,808$1,395$1,063$802$600$480
25 years$1,717$1,309$985$733$540$427
26 years$1,633$1,230$913$670$486$381
27 years$1,556$1,158$848$613$439$339
28 years$1,484$1,091$788$562$396$302
29 years$1,418$1,029$734$515$357$270
30 years$1,356$972$683$473$323$241
31 years$1,298$919$637$434$292$215
32 years$1,244$869$594$399$264$192
33 years$1,193$823$555$367$239$172
34 years$1,145$780$519$338$216$154
35 years$1,100$740$485$311$196$137
36 years$1,058$702$454$286$178$123
37 years$1,018$667$425$264$161$110
38 years$980$634$398$243$146$99
39 years$944$603$372$224$132$88
40 years$911$574$349$207$120$79
41 years$878$546$327$191$109$71
42 years$848$520$307$176$99$63
43 years$819$495$288$163$90$57
44 years$791$472$270$150$81$51
45 years$765$450$254$139$74$46
46 years$740$430$239$128$67$41
47 years$716$410$224$118$61$37
48 years$693$391$211$109$55$33
49 years$671$374$198$101$50$29
50 years$650$357$186$93$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $666,000, adding $5,725 every year, while hoping to spend $46,424 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: 48/23/29 Blend
71$666,000$666,000$666,000$666,000
72$739,837$704,539$694,216$768,983
73$765,906$689,667$668,078$775,217
74$793,078$672,510$639,508$776,997
75$821,416$652,907$608,376$778,038
76$850,989$630,689$574,545$778,297
77$881,871$605,674$537,873$777,725
78$914,142$577,671$498,212$776,275
79$947,887$546,480$455,405$773,897
80$983,200$511,886$409,290$770,539
81$1,020,182$473,664$359,696$766,151
82$1,058,942$431,575$306,447$760,678
83$1,099,599$385,367$249,358$754,069
84$1,142,281$334,772$188,234$746,267
85$1,187,127$279,510$122,874$737,220
86$1,234,291$219,283$53,067$726,873
87$1,283,937$153,776$0$715,170
88$1,336,245$82,657$0$708,691
89$1,391,410$5,576$0$718,704
90$1,449,647$0$0$728,797
91$1,511,188$0$0$758,696
92$1,576,287$0$0$791,850
93$1,645,221$0$0$826,993
94$1,718,293$0$0$864,282
95$1,795,835$0$0$903,892
96$1,878,207$0$0$946,014
97$1,965,806$0$0$990,855
98$2,059,064$0$0$1,038,642
99$2,158,457$0$0$1,089,625
100$2,264,502$0$0$1,144,078