Can I retire at age 72 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$55,163$54,671$54,192$53,724$53,267$52,777
2 years$27,308$26,800$26,307$25,829$25,365$24,871
3 years$18,025$17,514$17,022$16,549$16,093$15,610
4 years$13,384$12,875$12,388$11,923$11,478$11,010
5 years$10,600$10,094$9,613$9,158$8,725$8,275
6 years$8,745$8,242$7,769$7,323$6,904$6,471
7 years$7,420$6,922$6,456$6,021$5,615$5,199
8 years$6,427$5,933$5,475$5,051$4,658$4,260
9 years$5,655$5,166$4,716$4,302$3,923$3,542
10 years$5,038$4,554$4,111$3,709$3,342$2,978
11 years$4,533$4,054$3,620$3,228$2,874$2,527
12 years$4,113$3,639$3,212$2,831$2,491$2,160
13 years$3,758$3,288$2,870$2,499$2,172$1,858
14 years$3,453$2,989$2,579$2,219$1,904$1,605
15 years$3,190$2,730$2,328$1,979$1,677$1,393
16 years$2,959$2,505$2,111$1,772$1,482$1,213
17 years$2,756$2,307$1,921$1,592$1,314$1,059
18 years$2,576$2,132$1,753$1,435$1,168$928
19 years$2,415$1,976$1,605$1,296$1,041$814
20 years$2,270$1,836$1,473$1,174$930$716
21 years$2,139$1,710$1,355$1,065$832$630
22 years$2,021$1,596$1,249$969$746$556
23 years$1,912$1,493$1,153$882$670$491
24 years$1,813$1,399$1,066$805$602$434
25 years$1,722$1,313$988$735$542$384
26 years$1,638$1,234$916$672$488$340
27 years$1,561$1,161$851$615$440$301
28 years$1,489$1,094$791$564$397$267
29 years$1,422$1,032$736$517$358$237
30 years$1,360$975$685$474$324$210
31 years$1,302$922$639$436$293$187
32 years$1,247$872$596$400$265$166
33 years$1,196$826$557$368$240$148
34 years$1,148$783$520$339$217$131
35 years$1,103$742$486$312$197$117
36 years$1,061$705$455$287$178$104
37 years$1,021$669$426$265$161$92
38 years$983$636$399$244$146$82
39 years$947$605$374$225$133$73
40 years$913$575$350$207$120$65
41 years$881$548$328$191$109$58
42 years$850$522$308$177$99$52
43 years$821$497$289$163$90$46
44 years$794$474$271$151$82$41
45 years$767$452$255$139$74$36
46 years$742$431$239$128$67$32
47 years$718$411$225$119$61$29
48 years$695$393$211$110$55$26
49 years$673$375$199$101$50$23
50 years$652$358$187$94$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $668,000, adding $6,761 every year, while hoping to spend $29,337 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: 60/29/11 Blend
71$668,000$668,000$668,000$668,000
72$743,110$707,706$697,352$785,362
73$787,693$711,169$689,499$818,022
74$835,840$713,819$680,400$849,706
75$887,884$715,584$669,981$883,550
76$944,190$716,390$658,167$919,765
77$1,005,160$716,156$644,879$958,582
78$1,071,236$714,797$630,032$1,000,258
79$1,142,904$712,224$613,540$1,045,078
80$1,220,697$708,340$595,311$1,093,355
81$1,305,204$703,044$575,249$1,145,435
82$1,397,070$696,229$553,255$1,201,703
83$1,497,007$687,780$529,225$1,262,582
84$1,605,797$677,576$503,049$1,328,540
85$1,724,300$665,489$474,613$1,400,094
86$1,853,464$651,383$443,798$1,477,815
87$1,994,331$635,115$410,479$1,562,336
88$2,148,048$616,531$374,526$1,654,354
89$2,315,879$595,471$335,802$1,754,639
90$2,499,214$571,764$294,167$1,864,042
91$2,699,583$545,230$249,471$1,983,505
92$2,918,672$515,677$201,559$2,114,065
93$3,158,335$482,904$150,270$2,256,869
94$3,420,615$446,697$95,434$2,413,185
95$3,707,762$406,829$36,875$2,584,410
96$4,022,253$363,063$0$2,772,090
97$4,366,815$315,145$0$2,980,935
98$4,744,453$262,810$0$3,214,637
99$5,158,474$205,775$0$3,470,964
100$5,612,524$143,743$0$3,752,235