Can I retire at age 72 with 700,000?

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 $700,000?

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 years$57,805$57,290$56,788$56,298$55,819$55,584
2 years$28,617$28,084$27,567$27,066$26,580$26,343
3 years$18,888$18,353$17,838$17,342$16,864$16,631
4 years$14,025$13,491$12,981$12,494$12,027$11,802
5 years$11,108$10,577$10,074$9,596$9,143$8,925
6 years$9,164$8,637$8,141$7,674$7,235$7,024
7 years$7,776$7,254$6,765$6,309$5,884$5,682
8 years$6,735$6,218$5,738$5,293$4,881$4,687
9 years$5,926$5,414$4,942$4,508$4,111$3,924
10 years$5,279$4,772$4,308$3,886$3,502$3,324
11 years$4,750$4,248$3,793$3,382$3,012$2,841
12 years$4,310$3,813$3,366$2,967$2,610$2,447
13 years$3,938$3,446$3,008$2,619$2,276$2,121
14 years$3,619$3,132$2,702$2,325$1,995$1,847
15 years$3,343$2,861$2,440$2,073$1,757$1,616
16 years$3,101$2,625$2,212$1,857$1,553$1,418
17 years$2,889$2,418$2,013$1,668$1,377$1,249
18 years$2,700$2,234$1,837$1,503$1,224$1,103
19 years$2,531$2,070$1,682$1,358$1,091$976
20 years$2,379$1,924$1,544$1,230$975$866
21 years$2,242$1,792$1,420$1,117$872$769
22 years$2,117$1,673$1,309$1,015$782$684
23 years$2,004$1,565$1,208$925$702$610
24 years$1,900$1,466$1,118$843$631$544
25 years$1,805$1,376$1,035$770$568$486
26 years$1,717$1,293$960$704$511$434
27 years$1,635$1,217$891$645$461$388
28 years$1,560$1,147$829$591$416$348
29 years$1,490$1,082$771$542$376$312
30 years$1,425$1,021$718$497$339$279
31 years$1,364$966$670$456$307$250
32 years$1,307$914$625$419$278$225
33 years$1,254$865$583$386$251$202
34 years$1,203$820$545$355$227$181
35 years$1,156$778$510$327$206$163
36 years$1,112$738$477$301$187$146
37 years$1,070$701$446$277$169$131
38 years$1,030$666$418$256$153$118
39 years$993$634$391$236$139$106
40 years$957$603$367$217$126$96
41 years$923$574$344$201$114$86
42 years$891$547$323$185$104$77
43 years$861$521$303$171$94$70
44 years$832$496$284$158$86$63
45 years$804$473$267$146$78$56
46 years$778$452$251$135$70$51
47 years$753$431$236$124$64$46
48 years$728$411$221$115$58$41
49 years$705$393$208$106$53$37
50 years$683$375$196$98$48$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $700,000, adding $3,261 every year, while hoping to spend $28,199 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: 30/47/23 Blend
71$700,000$700,000$700,000$700,000
72$774,764$737,664$726,814$792,388
73$823,786$743,806$721,158$812,325
74$876,864$749,304$714,369$831,028
75$934,380$754,096$706,376$850,565
76$996,758$758,118$697,111$871,029
77$1,064,461$761,299$686,498$892,521
78$1,138,000$763,566$674,459$915,155
79$1,217,936$764,841$660,914$939,058
80$1,304,887$765,040$645,776$964,374
81$1,399,532$764,074$628,957$991,262
82$1,502,621$761,850$610,363$1,019,900
83$1,614,975$758,267$589,897$1,050,490
84$1,737,500$753,220$567,456$1,083,253
85$1,871,194$746,597$542,935$1,118,440
86$2,017,153$738,277$516,220$1,156,326
87$2,176,585$728,136$487,197$1,197,222
88$2,350,821$716,038$455,742$1,241,472
89$2,541,324$701,843$421,728$1,289,461
90$2,749,705$685,400$385,022$1,341,615
91$2,977,741$666,550$345,486$1,398,410
92$3,227,384$645,125$302,973$1,460,375
93$3,500,787$620,946$257,333$1,528,096
94$3,800,320$593,825$208,406$1,602,228
95$4,128,592$563,562$156,027$1,683,495
96$4,488,479$529,946$100,024$1,772,702
97$4,883,145$492,755$40,216$1,870,744
98$5,316,077$451,752$0$1,978,612
99$5,791,117$406,687$0$2,103,200
100$6,312,493$357,297$0$2,250,843