Can I retire at age 72 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$56,980$56,472$55,977$55,494$55,022$54,767
2 years$28,208$27,682$27,173$26,680$26,201$25,943
3 years$18,618$18,091$17,583$17,094$16,623$16,371
4 years$13,825$13,299$12,796$12,315$11,856$11,611
5 years$10,949$10,426$9,930$9,459$9,012$8,776
6 years$9,033$8,514$8,025$7,565$7,131$6,904
7 years$7,664$7,150$6,669$6,219$5,800$5,581
8 years$6,639$6,129$5,656$5,217$4,811$4,601
9 years$5,841$5,336$4,871$4,444$4,052$3,850
10 years$5,204$4,704$4,247$3,831$3,452$3,259
11 years$4,682$4,187$3,739$3,334$2,969$2,785
12 years$4,248$3,758$3,318$2,924$2,573$2,397
13 years$3,881$3,396$2,965$2,582$2,244$2,075
14 years$3,567$3,087$2,664$2,292$1,967$1,807
15 years$3,295$2,820$2,405$2,044$1,732$1,579
16 years$3,057$2,588$2,180$1,830$1,531$1,385
17 years$2,847$2,383$1,984$1,644$1,357$1,219
18 years$2,661$2,202$1,811$1,482$1,207$1,076
19 years$2,495$2,041$1,658$1,339$1,075$952
20 years$2,345$1,896$1,522$1,213$961$843
21 years$2,210$1,766$1,400$1,101$860$749
22 years$2,087$1,649$1,290$1,001$771$666
23 years$1,975$1,542$1,191$911$692$593
24 years$1,873$1,445$1,102$831$622$528
25 years$1,779$1,356$1,020$759$559$471
26 years$1,692$1,274$946$694$504$421
27 years$1,612$1,199$879$635$454$376
28 years$1,538$1,130$817$582$410$337
29 years$1,469$1,066$760$534$370$301
30 years$1,405$1,007$708$490$334$270
31 years$1,345$952$660$450$302$242
32 years$1,288$901$616$413$274$217
33 years$1,236$853$575$380$248$195
34 years$1,186$808$537$350$224$175
35 years$1,140$767$502$322$203$157
36 years$1,096$728$470$297$184$141
37 years$1,055$691$440$273$167$126
38 years$1,015$657$412$252$151$113
39 years$978$625$386$232$137$102
40 years$943$594$362$214$124$92
41 years$910$566$339$198$113$82
42 years$878$539$318$182$102$74
43 years$848$513$299$168$93$67
44 years$820$489$280$155$84$60
45 years$793$467$263$144$77$54
46 years$767$445$247$133$69$48
47 years$742$425$232$123$63$43
48 years$718$406$218$113$57$39
49 years$695$387$205$105$52$35
50 years$674$370$193$97$47$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $690,000, adding $6,285 every year, while hoping to spend $51,012 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: 51/39/10 Blend
71$690,000$690,000$690,000$690,000
72$766,863$730,293$719,598$803,650
73$790,807$711,801$689,428$810,949
74$815,483$690,693$656,538$812,910
75$840,912$666,787$620,782$813,858
76$867,117$639,891$582,010$813,710
77$894,117$609,801$540,062$812,379
78$921,937$576,300$494,773$809,773
79$950,597$539,162$445,971$805,792
80$980,121$498,144$393,474$800,332
81$1,010,533$452,992$337,095$793,283
82$1,041,855$403,437$276,636$784,528
83$1,074,113$349,193$211,891$773,943
84$1,107,328$289,960$142,646$761,395
85$1,141,528$225,420$68,676$746,746
86$1,176,734$155,237$0$729,848
87$1,212,974$79,056$0$711,639
88$1,250,270$0$0$698,751
89$1,288,648$0$0$685,200
90$1,328,133$0$0$706,162
91$1,368,748$0$0$727,719
92$1,410,518$0$0$749,886
93$1,453,467$0$0$772,675
94$1,497,617$0$0$796,095
95$1,542,991$0$0$820,160
96$1,589,611$0$0$844,880
97$1,637,497$0$0$870,265
98$1,686,669$0$0$896,324
99$1,737,143$0$0$923,066
100$1,788,937$0$0$950,498