Can I retire at age 72 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$59,787$59,255$58,735$58,228$57,733$56,613
2 years$29,598$29,046$28,512$27,994$27,492$26,369
3 years$19,536$18,982$18,449$17,936$17,442$16,350
4 years$14,506$13,954$13,426$12,922$12,440$11,387
5 years$11,489$10,940$10,419$9,925$9,456$8,447
6 years$9,478$8,933$8,420$7,937$7,483$6,517
7 years$8,042$7,502$6,997$6,526$6,085$5,163
8 years$6,966$6,431$5,934$5,474$5,048$4,170
9 years$6,129$5,599$5,111$4,663$4,251$3,416
10 years$5,460$4,935$4,456$4,019$3,622$2,829
11 years$4,913$4,394$3,923$3,498$3,115$2,364
12 years$4,458$3,944$3,482$3,068$2,700$1,989
13 years$4,073$3,564$3,111$2,709$2,354$1,682
14 years$3,743$3,239$2,795$2,405$2,064$1,430
15 years$3,457$2,959$2,523$2,145$1,817$1,219
16 years$3,208$2,715$2,288$1,920$1,606$1,044
17 years$2,988$2,500$2,082$1,725$1,424$895
18 years$2,792$2,311$1,900$1,555$1,266$770
19 years$2,618$2,141$1,740$1,405$1,128$664
20 years$2,461$1,990$1,597$1,272$1,008$573
21 years$2,319$1,853$1,469$1,155$902$495
22 years$2,190$1,730$1,354$1,050$809$428
23 years$2,073$1,618$1,250$956$726$371
24 years$1,965$1,516$1,156$872$652$321
25 years$1,867$1,423$1,071$796$587$279
26 years$1,776$1,337$993$728$529$242
27 years$1,692$1,258$922$667$477$210
28 years$1,614$1,186$857$611$430$183
29 years$1,541$1,119$798$560$388$159
30 years$1,474$1,057$743$514$351$138
31 years$1,411$999$693$472$317$120
32 years$1,352$945$646$434$287$105
33 years$1,297$895$603$399$260$91
34 years$1,245$848$564$367$235$79
35 years$1,196$805$527$338$213$69
36 years$1,150$764$493$311$193$60
37 years$1,106$725$462$287$175$52
38 years$1,065$689$432$264$159$46
39 years$1,027$655$405$244$144$40
40 years$990$624$380$225$130$35
41 years$955$594$356$207$118$30
42 years$922$565$334$191$107$26
43 years$890$539$313$177$97$23
44 years$860$513$294$163$88$20
45 years$832$490$276$151$80$17
46 years$804$467$259$139$73$15
47 years$778$446$244$129$66$13
48 years$753$425$229$119$60$12
49 years$730$406$215$110$55$10
50 years$707$388$202$101$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $724,000, adding $2,097 every year, while hoping to spend $21,818 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: 48/34/18 Blend
71$724,000$724,000$724,000$724,000
72$800,011$761,639$750,417$834,265
73$858,398$775,745$752,342$872,357
74$922,009$789,811$753,600$911,308
75$991,354$803,812$754,146$953,138
76$1,066,995$817,721$753,932$998,125
77$1,149,548$831,509$752,908$1,046,578
78$1,239,694$845,145$751,023$1,098,833
79$1,338,180$858,595$748,220$1,155,265
80$1,445,832$871,824$744,442$1,216,287
81$1,563,555$884,792$739,630$1,282,353
82$1,692,350$897,458$733,719$1,353,965
83$1,833,314$909,778$726,643$1,431,677
84$1,987,660$921,705$718,333$1,516,099
85$2,156,720$933,187$708,717$1,607,905
86$2,341,964$944,172$697,717$1,707,839
87$2,545,008$954,600$685,254$1,816,720
88$2,767,633$964,410$671,245$1,935,454
89$3,011,802$973,537$655,602$2,065,038
90$3,279,676$981,909$638,234$2,206,574
91$3,573,633$989,453$619,045$2,361,275
92$3,896,296$996,089$597,936$2,530,482
93$4,250,553$1,001,732$574,801$2,715,673
94$4,639,584$1,006,292$549,532$2,918,478
95$5,066,893$1,009,672$522,013$3,140,694
96$5,536,342$1,011,771$492,126$3,384,306
97$6,052,182$1,012,481$459,745$3,651,501
98$6,619,098$1,011,686$424,741$3,944,692
99$7,242,252$1,009,265$386,975$4,266,541
100$7,927,330$1,005,087$346,307$4,619,981