Can I retire at age 72 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$60,448$59,909$59,384$58,871$58,371$57,498
2 years$29,925$29,367$28,827$28,304$27,796$26,919
3 years$19,752$19,192$18,653$18,134$17,635$16,781
4 years$14,666$14,108$13,575$13,065$12,577$11,752
5 years$11,616$11,061$10,535$10,035$9,561$8,768
6 years$9,583$9,032$8,513$8,025$7,565$6,805
7 years$8,131$7,585$7,075$6,598$6,153$5,425
8 years$7,043$6,502$6,000$5,535$5,104$4,409
9 years$6,197$5,661$5,168$4,714$4,298$3,636
10 years$5,520$4,990$4,505$4,064$3,662$3,032
11 years$4,967$4,442$3,966$3,537$3,150$2,551
12 years$4,507$3,987$3,520$3,102$2,730$2,161
13 years$4,118$3,603$3,145$2,739$2,380$1,841
14 years$3,784$3,275$2,826$2,431$2,087$1,576
15 years$3,495$2,992$2,551$2,168$1,837$1,355
16 years$3,243$2,745$2,313$1,941$1,624$1,168
17 years$3,021$2,528$2,105$1,744$1,440$1,011
18 years$2,823$2,336$1,921$1,572$1,280$876
19 years$2,647$2,165$1,759$1,420$1,141$761
20 years$2,488$2,012$1,614$1,286$1,019$662
21 years$2,344$1,874$1,485$1,168$912$577
22 years$2,214$1,749$1,369$1,062$817$503
23 years$2,096$1,636$1,264$967$734$440
24 years$1,987$1,533$1,169$882$660$385
25 years$1,887$1,439$1,082$805$594$337
26 years$1,795$1,352$1,004$736$535$295
27 years$1,710$1,272$932$674$482$258
28 years$1,631$1,199$867$617$435$226
29 years$1,558$1,131$806$566$393$199
30 years$1,490$1,068$751$520$355$174
31 years$1,426$1,010$700$477$321$153
32 years$1,367$955$653$439$290$134
33 years$1,311$905$610$403$263$118
34 years$1,258$858$570$371$238$104
35 years$1,209$813$533$342$215$91
36 years$1,163$772$499$315$195$80
37 years$1,119$733$467$290$177$70
38 years$1,077$697$437$267$160$62
39 years$1,038$663$409$246$145$55
40 years$1,001$630$384$227$132$48
41 years$965$600$360$210$120$42
42 years$932$572$338$194$109$37
43 years$900$545$317$179$99$33
44 years$870$519$297$165$89$29
45 years$841$495$279$152$81$25
46 years$813$472$262$141$74$22
47 years$787$451$246$130$67$20
48 years$762$430$231$120$61$17
49 years$738$411$218$111$55$15
50 years$715$392$205$103$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $732,000, adding $3,836 every year, while hoping to spend $57,597 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: 30/46/24 Blend
71$732,000$732,000$732,000$732,000
72$810,621$771,825$760,479$828,815
73$832,021$748,361$724,672$819,678
74$853,674$721,818$685,735$804,488
75$875,545$691,983$643,503$786,968
76$897,592$658,632$597,802$766,954
77$919,770$621,528$548,452$744,270
78$942,024$580,420$495,262$718,732
79$964,294$535,044$438,037$690,142
80$986,510$485,120$376,570$658,292
81$1,008,593$430,350$310,645$622,960
82$1,030,456$370,423$240,037$583,908
83$1,051,996$305,008$164,512$540,886
84$1,073,101$233,754$83,825$493,629
85$1,093,644$156,295$0$441,851
86$1,113,481$72,238$0$385,837
87$1,132,452$0$0$347,627
88$1,150,379$0$0$314,993
89$1,167,060$0$0$318,450
90$1,182,272$0$0$321,356
91$1,195,765$0$0$323,628
92$1,207,260$0$0$325,170
93$1,216,449$0$0$325,878
94$1,222,984$0$0$325,636
95$1,226,485$0$0$324,315
96$1,226,522$0$0$321,771
97$1,222,625$0$0$317,845
98$1,214,266$0$0$312,361
99$1,200,863$0$0$305,125
100$1,181,769$0$0$295,918