Can I retire at age 72 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$60,530$59,991$59,465$58,952$58,450$57,341
2 years$29,966$29,407$28,867$28,342$27,834$26,720
3 years$19,779$19,218$18,679$18,159$17,659$16,576
4 years$14,686$14,127$13,593$13,083$12,594$11,550
5 years$11,631$11,076$10,549$10,049$9,574$8,572
6 years$9,596$9,044$8,525$8,036$7,576$6,617
7 years$8,142$7,595$7,084$6,607$6,161$5,246
8 years$7,052$6,511$6,008$5,542$5,111$4,239
9 years$6,205$5,669$5,175$4,721$4,304$3,475
10 years$5,528$4,997$4,512$4,069$3,667$2,880
11 years$4,974$4,448$3,972$3,542$3,154$2,407
12 years$4,513$3,993$3,525$3,106$2,733$2,026
13 years$4,123$3,608$3,149$2,743$2,384$1,715
14 years$3,789$3,280$2,830$2,435$2,089$1,459
15 years$3,500$2,996$2,555$2,171$1,840$1,245
16 years$3,247$2,749$2,316$1,944$1,626$1,066
17 years$3,025$2,532$2,108$1,747$1,442$916
18 years$2,827$2,339$1,924$1,574$1,282$788
19 years$2,650$2,168$1,761$1,422$1,143$680
20 years$2,491$2,015$1,617$1,288$1,021$587
21 years$2,348$1,877$1,487$1,169$913$508
22 years$2,217$1,752$1,370$1,063$819$440
23 years$2,098$1,638$1,265$968$735$381
24 years$1,990$1,535$1,170$883$660$331
25 years$1,890$1,441$1,084$806$594$287
26 years$1,798$1,354$1,005$737$535$249
27 years$1,713$1,274$933$675$483$217
28 years$1,634$1,201$868$618$436$189
29 years$1,560$1,133$808$567$393$164
30 years$1,492$1,070$752$520$355$143
31 years$1,428$1,011$701$478$321$124
32 years$1,369$957$654$439$291$108
33 years$1,313$906$611$404$263$94
34 years$1,260$859$571$372$238$82
35 years$1,211$815$534$342$216$72
36 years$1,164$773$499$315$195$62
37 years$1,120$734$467$290$177$54
38 years$1,079$698$438$268$161$47
39 years$1,039$664$410$247$146$41
40 years$1,002$631$384$228$132$36
41 years$967$601$360$210$120$31
42 years$933$572$338$194$109$27
43 years$901$545$317$179$99$24
44 years$871$520$298$165$90$21
45 years$842$496$280$153$81$18
46 years$814$473$263$141$74$16
47 years$788$451$247$130$67$14
48 years$763$431$232$120$61$12
49 years$739$411$218$111$55$11
50 years$716$393$205$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $733,000, adding $4,908 every year, while hoping to spend $22,620 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: 72/11/17 Blend
71$733,000$733,000$733,000$733,000
72$812,829$773,980$762,618$867,801
73$871,670$787,837$764,098$918,809
74$935,754$801,615$764,870$971,446
75$1,005,594$815,287$764,885$1,028,505
76$1,081,750$828,822$764,095$1,090,422
77$1,164,842$842,188$762,446$1,157,673
78$1,255,551$855,350$759,883$1,230,787
79$1,354,628$868,273$756,349$1,310,343
80$1,462,897$880,915$751,784$1,396,982
81$1,581,267$893,235$746,124$1,491,408
82$1,710,740$905,187$739,302$1,594,400
83$1,852,416$916,722$731,250$1,706,813
84$2,007,510$927,789$721,894$1,829,591
85$2,177,357$938,331$711,159$1,963,775
86$2,363,429$948,291$698,963$2,110,511
87$2,567,345$957,603$685,225$2,271,063
88$2,790,890$966,202$669,856$2,446,824
89$3,036,030$974,015$652,765$2,639,328
90$3,304,928$980,965$633,857$2,850,268
91$3,599,970$986,972$613,030$3,081,509
92$3,923,782$991,948$590,181$3,335,105
93$4,279,255$995,801$565,200$3,613,323
94$4,669,577$998,433$537,972$3,918,659
95$5,098,258$999,740$508,378$4,253,866
96$5,569,164$999,611$476,292$4,621,976
97$6,086,555$997,929$441,585$5,026,334
98$6,655,125$994,568$404,119$5,470,625
99$7,280,042$989,397$363,752$5,958,909
100$7,967,004$982,274$320,334$6,495,665