Can I retire at age 72 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$58,218$57,700$57,194$56,700$56,218$55,817
2 years$28,821$28,284$27,764$27,260$26,770$26,366
3 years$19,023$18,484$17,965$17,465$16,984$16,589
4 years$14,125$13,588$13,074$12,583$12,113$11,730
5 years$11,187$10,653$10,146$9,665$9,208$8,839
6 years$9,229$8,699$8,199$7,729$7,286$6,930
7 years$7,831$7,305$6,814$6,354$5,926$5,584
8 years$6,783$6,262$5,779$5,331$4,916$4,588
9 years$5,968$5,452$4,977$4,541$4,140$3,826
10 years$5,317$4,806$4,339$3,914$3,527$3,227
11 years$4,784$4,278$3,820$3,406$3,034$2,747
12 years$4,341$3,840$3,390$2,988$2,629$2,355
13 years$3,966$3,470$3,029$2,638$2,292$2,032
14 years$3,645$3,154$2,722$2,342$2,010$1,762
15 years$3,366$2,882$2,457$2,088$1,769$1,534
16 years$3,123$2,644$2,228$1,870$1,564$1,340
17 years$2,909$2,435$2,027$1,680$1,387$1,175
18 years$2,719$2,250$1,851$1,514$1,233$1,032
19 years$2,549$2,085$1,694$1,368$1,099$909
20 years$2,396$1,938$1,555$1,239$982$802
21 years$2,258$1,805$1,430$1,124$878$709
22 years$2,133$1,685$1,318$1,022$787$628
23 years$2,018$1,576$1,217$931$707$556
24 years$1,914$1,476$1,126$849$635$494
25 years$1,818$1,385$1,042$776$572$438
26 years$1,729$1,302$967$709$515$390
27 years$1,647$1,225$898$649$464$347
28 years$1,571$1,155$835$595$419$309
29 years$1,501$1,089$777$545$378$275
30 years$1,435$1,029$723$501$342$245
31 years$1,374$973$674$460$309$219
32 years$1,316$920$629$422$279$195
33 years$1,263$871$588$388$253$174
34 years$1,212$826$549$357$229$155
35 years$1,164$783$513$329$207$139
36 years$1,120$744$480$303$188$124
37 years$1,077$706$449$279$170$111
38 years$1,037$671$421$257$154$99
39 years$1,000$638$394$237$140$88
40 years$964$607$370$219$127$79
41 years$930$578$347$202$115$71
42 years$898$550$325$186$105$63
43 years$867$524$305$172$95$57
44 years$838$500$286$159$86$51
45 years$810$477$269$147$78$45
46 years$783$455$253$136$71$40
47 years$758$434$237$125$64$36
48 years$734$414$223$116$59$32
49 years$710$396$210$107$53$29
50 years$688$378$197$99$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $705,000, adding $4,804 every year, while hoping to spend $38,877 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: 53/20/27 Blend
71$705,000$705,000$705,000$705,000
72$781,865$744,500$733,573$817,191
73$820,251$739,616$716,783$837,277
74$861,249$733,189$698,127$854,764
75$905,084$725,104$677,502$873,013
76$952,004$715,236$654,801$892,113
77$1,002,281$703,454$629,908$912,163
78$1,056,210$689,620$602,707$933,276
79$1,114,118$673,586$573,072$955,576
80$1,176,364$655,198$540,876$979,203
81$1,243,340$634,289$505,982$1,004,315
82$1,315,477$610,686$468,249$1,031,089
83$1,393,250$584,204$427,530$1,059,720
84$1,477,179$554,647$383,669$1,090,429
85$1,567,836$521,810$336,507$1,123,462
86$1,665,849$485,472$285,874$1,159,093
87$1,771,910$445,405$231,595$1,197,629
88$1,886,778$401,362$173,486$1,239,410
89$2,011,287$353,087$111,356$1,284,817
90$2,146,356$300,306$45,004$1,334,272
91$2,292,994$242,731$0$1,388,248
92$2,452,313$180,058$0$1,454,703
93$2,625,533$111,965$0$1,541,104
94$2,813,999$38,112$0$1,635,185
95$3,019,189$0$0$1,737,735
96$3,242,730$0$0$1,858,837
97$3,486,414$0$0$2,000,057
98$3,752,210$0$0$2,154,157
99$4,042,289$0$0$2,322,404
100$4,359,037$0$0$2,506,190