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%18.1%
1 years$57,805$57,290$56,788$56,298$55,819$53,989
2 years$28,617$28,084$27,567$27,066$26,580$24,754
3 years$18,888$18,353$17,838$17,342$16,864$15,099
4 years$14,025$13,491$12,981$12,494$12,027$10,337
5 years$11,108$10,577$10,074$9,596$9,143$7,532
6 years$9,164$8,637$8,141$7,674$7,235$5,704
7 years$7,776$7,254$6,765$6,309$5,884$4,433
8 years$6,735$6,218$5,738$5,293$4,881$3,510
9 years$5,926$5,414$4,942$4,508$4,111$2,817
10 years$5,279$4,772$4,308$3,886$3,502$2,284
11 years$4,750$4,248$3,793$3,382$3,012$1,867
12 years$4,310$3,813$3,366$2,967$2,610$1,536
13 years$3,938$3,446$3,008$2,619$2,276$1,270
14 years$3,619$3,132$2,702$2,325$1,995$1,054
15 years$3,343$2,861$2,440$2,073$1,757$878
16 years$3,101$2,625$2,212$1,857$1,553$734
17 years$2,889$2,418$2,013$1,668$1,377$614
18 years$2,700$2,234$1,837$1,503$1,224$515
19 years$2,531$2,070$1,682$1,358$1,091$433
20 years$2,379$1,924$1,544$1,230$975$364
21 years$2,242$1,792$1,420$1,117$872$306
22 years$2,117$1,673$1,309$1,015$782$258
23 years$2,004$1,565$1,208$925$702$218
24 years$1,900$1,466$1,118$843$631$184
25 years$1,805$1,376$1,035$770$568$155
26 years$1,717$1,293$960$704$511$131
27 years$1,635$1,217$891$645$461$111
28 years$1,560$1,147$829$591$416$94
29 years$1,490$1,082$771$542$376$79
30 years$1,425$1,021$718$497$339$67
31 years$1,364$966$670$456$307$57
32 years$1,307$914$625$419$278$48
33 years$1,254$865$583$386$251$41
34 years$1,203$820$545$355$227$34
35 years$1,156$778$510$327$206$29
36 years$1,112$738$477$301$187$25
37 years$1,070$701$446$277$169$21
38 years$1,030$666$418$256$153$18
39 years$993$634$391$236$139$15
40 years$957$603$367$217$126$13
41 years$923$574$344$201$114$11
42 years$891$547$323$185$104$9
43 years$861$521$303$171$94$8
44 years$832$496$284$158$86$6
45 years$804$473$267$146$78$5
46 years$778$452$251$135$70$5
47 years$753$431$236$124$64$4
48 years$728$411$221$115$58$3
49 years$705$393$208$106$53$3
50 years$683$375$196$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $700,000, adding $3,960 every year, while hoping to spend $40,831 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: 60/10/30 Blend
71$700,000$700,000$700,000$700,000
72$775,485$738,385$727,535$815,468
73$811,140$731,122$708,463$835,988
74$849,064$722,134$687,384$853,689
75$889,445$711,295$664,188$872,167
76$932,488$698,468$638,758$891,508
77$978,420$683,511$610,975$911,810
78$1,027,488$666,272$580,711$933,180
79$1,079,962$646,591$547,836$955,740
80$1,136,141$624,296$512,211$979,627
81$1,196,350$599,209$473,692$1,004,991
82$1,260,946$571,138$432,129$1,032,005
83$1,330,321$539,883$387,365$1,060,856
84$1,404,907$505,231$339,234$1,091,756
85$1,485,176$466,955$287,567$1,124,942
86$1,571,647$424,819$232,183$1,160,676
87$1,664,889$378,570$172,896$1,199,250
88$1,765,530$327,942$109,510$1,240,991
89$1,874,257$272,654$41,822$1,286,261
90$1,991,827$212,409$0$1,335,463
91$2,119,070$146,894$0$1,398,780
92$2,256,901$75,777$0$1,481,894
93$2,406,323$0$0$1,572,030
94$2,568,441$0$0$1,670,022
95$2,744,471$0$0$1,785,524
96$2,935,749$0$0$1,911,079
97$3,143,744$0$0$2,047,660
98$3,370,073$0$0$2,196,333
99$3,616,517$0$0$2,358,275
100$3,885,034$0$0$2,534,779