Can I retire at age 72 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$58,383$57,863$57,356$56,861$56,377$54,442
2 years$28,903$28,364$27,843$27,337$26,846$24,916
3 years$19,077$18,536$18,016$17,515$17,032$15,168
4 years$14,165$13,626$13,111$12,619$12,148$10,363
5 years$11,219$10,683$10,175$9,692$9,234$7,535
6 years$9,255$8,724$8,223$7,751$7,307$5,694
7 years$7,853$7,326$6,833$6,373$5,942$4,415
8 years$6,802$6,280$5,795$5,346$4,930$3,487
9 years$5,985$5,468$4,991$4,553$4,152$2,792
10 years$5,332$4,819$4,351$3,925$3,537$2,258
11 years$4,798$4,291$3,831$3,416$3,042$1,841
12 years$4,353$3,851$3,400$2,996$2,636$1,511
13 years$3,977$3,480$3,038$2,645$2,299$1,246
14 years$3,655$3,163$2,729$2,348$2,015$1,031
15 years$3,376$2,890$2,464$2,094$1,774$857
16 years$3,132$2,651$2,234$1,875$1,568$713
17 years$2,917$2,442$2,033$1,685$1,390$595
18 years$2,727$2,256$1,856$1,518$1,236$498
19 years$2,556$2,091$1,699$1,372$1,102$417
20 years$2,403$1,943$1,559$1,243$984$350
21 years$2,264$1,810$1,434$1,128$881$293
22 years$2,139$1,690$1,322$1,025$790$246
23 years$2,024$1,580$1,220$934$709$207
24 years$1,919$1,481$1,129$852$637$174
25 years$1,823$1,389$1,045$778$573$147
26 years$1,734$1,306$970$711$516$124
27 years$1,652$1,229$900$651$466$104
28 years$1,576$1,158$837$596$420$88
29 years$1,505$1,092$779$547$379$74
30 years$1,439$1,032$725$502$343$62
31 years$1,378$975$676$461$310$52
32 years$1,320$923$631$424$280$44
33 years$1,266$874$589$390$254$37
34 years$1,215$828$551$358$230$31
35 years$1,168$786$515$330$208$27
36 years$1,123$746$481$304$188$22
37 years$1,080$708$451$280$171$19
38 years$1,040$673$422$258$155$16
39 years$1,003$640$395$238$140$13
40 years$967$609$371$219$127$11
41 years$932$580$348$203$116$10
42 years$900$552$326$187$105$8
43 years$869$526$306$173$95$7
44 years$840$501$287$159$86$6
45 years$812$478$270$147$78$5
46 years$785$456$253$136$71$4
47 years$760$435$238$126$65$3
48 years$736$415$224$116$59$3
49 years$713$397$210$107$53$2
50 years$690$379$198$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $707,000, adding $3,742 every year, while hoping to spend $51,965 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: 45/38/17 Blend
71$707,000$707,000$707,000$707,000
72$782,974$745,503$734,544$814,234
73$807,547$726,742$703,861$817,704
74$832,885$705,321$670,409$815,974
75$859,010$681,053$634,039$812,993
76$885,948$653,743$594,597$808,665
77$913,721$623,183$551,923$802,893
78$942,356$589,154$505,848$795,571
79$971,878$551,424$456,195$786,590
80$1,002,313$509,748$402,782$775,833
81$1,033,689$463,865$345,414$763,175
82$1,066,033$413,502$283,893$748,486
83$1,099,373$358,369$218,009$731,629
84$1,133,739$298,159$147,542$712,456
85$1,169,161$232,549$72,266$690,815
86$1,205,669$161,197$0$666,542
87$1,243,294$83,743$0$640,928
88$1,282,069$0$0$626,414
89$1,322,025$0$0$609,812
90$1,363,196$0$0$628,787
91$1,405,616$0$0$648,335
92$1,449,318$0$0$668,473
93$1,494,339$0$0$689,216
94$1,540,713$0$0$710,581
95$1,588,477$0$0$732,583
96$1,637,668$0$0$755,240
97$1,688,321$0$0$778,567
98$1,740,475$0$0$802,582
99$1,794,166$0$0$827,301
100$1,849,434$0$0$852,742