Can I retire at age 72 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$56,567$56,063$55,571$55,091$54,623$52,790
2 years$28,003$27,482$26,976$26,486$26,011$24,182
3 years$18,483$17,960$17,455$16,970$16,502$14,736
4 years$13,724$13,202$12,703$12,226$11,770$10,078
5 years$10,870$10,351$9,858$9,391$8,947$7,335
6 years$8,967$8,452$7,967$7,510$7,080$5,549
7 years$7,609$7,098$6,620$6,174$5,758$4,308
8 years$6,591$6,084$5,615$5,179$4,776$3,406
9 years$5,799$5,298$4,836$4,412$4,022$2,731
10 years$5,166$4,670$4,216$3,803$3,427$2,211
11 years$4,649$4,157$3,712$3,310$2,948$1,805
12 years$4,218$3,731$3,294$2,903$2,554$1,483
13 years$3,853$3,372$2,943$2,563$2,227$1,225
14 years$3,541$3,065$2,644$2,275$1,953$1,015
15 years$3,271$2,800$2,387$2,029$1,719$845
16 years$3,035$2,569$2,165$1,817$1,519$704
17 years$2,827$2,366$1,970$1,632$1,347$589
18 years$2,642$2,186$1,798$1,471$1,198$493
19 years$2,477$2,026$1,646$1,329$1,068$414
20 years$2,328$1,883$1,511$1,204$954$347
21 years$2,194$1,754$1,390$1,093$853$292
22 years$2,072$1,637$1,281$993$765$246
23 years$1,961$1,531$1,182$905$687$207
24 years$1,859$1,434$1,094$825$617$174
25 years$1,766$1,346$1,013$754$555$147
26 years$1,680$1,265$939$689$500$124
27 years$1,600$1,191$872$631$451$104
28 years$1,527$1,122$811$578$407$88
29 years$1,458$1,058$755$530$368$74
30 years$1,394$1,000$703$486$332$63
31 years$1,335$945$655$447$300$53
32 years$1,279$894$611$410$272$45
33 years$1,227$847$571$377$246$38
34 years$1,178$803$533$347$223$32
35 years$1,131$761$499$320$202$27
36 years$1,088$722$467$294$183$23
37 years$1,047$686$437$271$166$19
38 years$1,008$652$409$250$150$16
39 years$971$620$383$231$136$14
40 years$937$590$359$213$123$12
41 years$903$562$337$196$112$10
42 years$872$535$316$181$102$8
43 years$842$510$296$167$92$7
44 years$814$486$278$154$84$6
45 years$787$463$261$143$76$5
46 years$761$442$245$132$69$4
47 years$736$422$230$122$63$4
48 years$713$403$217$112$57$3
49 years$690$384$204$104$52$3
50 years$669$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $685,000, adding $5,619 every year, while hoping to spend $58,770 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: 47/25/28 Blend
71$685,000$685,000$685,000$685,000
72$760,666$724,361$713,743$790,083
73$775,723$697,324$675,123$784,369
74$790,346$666,992$633,239$772,005
75$804,429$633,142$587,920$757,449
76$817,853$595,538$538,988$740,525
77$830,484$553,930$486,254$721,046
78$842,174$508,053$429,524$698,808
79$852,756$457,627$368,593$673,592
80$862,044$402,359$303,248$645,165
81$869,833$341,935$233,267$613,272
82$875,892$276,025$158,418$577,641
83$879,965$204,282$78,456$537,978
84$881,767$126,338$0$493,966
85$880,983$41,804$0$447,317
86$877,261$0$0$420,756
87$870,211$0$0$404,184
88$859,402$0$0$397,119
89$844,353$0$0$387,813
90$824,534$0$0$375,989
91$799,357$0$0$361,340
92$768,169$0$0$343,527
93$730,250$0$0$322,175
94$684,799$0$0$296,869
95$630,935$0$0$267,149
96$567,680$0$0$232,508
97$493,953$0$0$192,385
98$408,560$0$0$146,157
99$310,180$0$0$93,140
100$197,353$0$0$32,576