Can I retire at age 72 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$60,943$60,400$59,871$59,354$58,849$58,478
2 years$30,170$29,608$29,064$28,536$28,023$27,649
3 years$19,914$19,349$18,806$18,283$17,779$17,413
4 years$14,786$14,224$13,686$13,172$12,680$12,326
5 years$11,711$11,152$10,621$10,117$9,639$9,297
6 years$9,661$9,106$8,583$8,091$7,627$7,298
7 years$8,198$7,647$7,133$6,652$6,203$5,886
8 years$7,100$6,555$6,049$5,580$5,146$4,842
9 years$6,248$5,707$5,210$4,753$4,334$4,042
10 years$5,566$5,031$4,542$4,097$3,693$3,414
11 years$5,008$4,479$3,999$3,566$3,176$2,909
12 years$4,544$4,020$3,549$3,128$2,752$2,498
13 years$4,151$3,633$3,171$2,761$2,400$2,158
14 years$3,815$3,302$2,849$2,451$2,104$1,873
15 years$3,524$3,016$2,572$2,186$1,852$1,633
16 years$3,270$2,768$2,332$1,957$1,637$1,429
17 years$3,045$2,549$2,122$1,759$1,451$1,254
18 years$2,846$2,355$1,937$1,585$1,291$1,103
19 years$2,668$2,183$1,773$1,432$1,150$973
20 years$2,508$2,028$1,628$1,297$1,027$860
21 years$2,364$1,889$1,497$1,177$919$761
22 years$2,232$1,764$1,380$1,070$824$675
23 years$2,113$1,649$1,274$975$740$599
24 years$2,003$1,545$1,178$889$665$532
25 years$1,903$1,450$1,091$812$598$474
26 years$1,810$1,363$1,012$742$539$422
27 years$1,724$1,283$940$679$486$376
28 years$1,645$1,209$874$623$438$335
29 years$1,571$1,140$813$571$396$299
30 years$1,502$1,077$757$524$358$267
31 years$1,438$1,018$706$481$323$238
32 years$1,378$963$659$442$293$213
33 years$1,322$912$615$407$265$190
34 years$1,269$865$575$374$240$170
35 years$1,219$820$537$344$217$152
36 years$1,172$778$503$317$197$136
37 years$1,128$739$470$292$178$122
38 years$1,086$703$441$269$162$109
39 years$1,046$668$413$248$147$98
40 years$1,009$636$387$229$133$88
41 years$973$605$363$211$121$78
42 years$940$576$340$195$109$70
43 years$907$549$319$180$99$63
44 years$877$523$300$166$90$56
45 years$848$499$281$154$82$51
46 years$820$476$264$142$74$45
47 years$793$454$248$131$67$41
48 years$768$434$233$121$61$36
49 years$744$414$219$112$56$33
50 years$721$396$206$103$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $738,000, adding $5,019 every year, while hoping to spend $55,881 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: 63/17/20 Blend
71$738,000$738,000$738,000$738,000
72$818,453$779,339$767,900$865,513
73$842,478$758,070$734,168$876,552
74$867,081$733,885$697,433$881,876
75$892,262$706,584$657,535$886,395
76$918,018$675,952$614,308$890,037
77$944,346$641,764$567,577$892,723
78$971,239$603,780$517,161$894,367
79$998,688$561,748$462,868$894,879
80$1,026,681$515,400$404,501$894,163
81$1,055,202$464,455$341,852$892,113
82$1,084,232$408,612$274,703$888,620
83$1,113,747$347,558$202,829$883,564
84$1,143,719$280,958$125,993$876,816
85$1,174,114$208,460$43,949$868,239
86$1,204,891$129,692$0$857,687
87$1,236,005$44,262$0$854,308
88$1,267,401$0$0$859,240
89$1,299,018$0$0$871,998
90$1,330,783$0$0$893,111
91$1,362,615$0$0$914,240
92$1,394,420$0$0$935,321
93$1,426,094$0$0$956,278
94$1,457,516$0$0$977,028
95$1,488,550$0$0$997,476
96$1,519,045$0$0$1,017,514
97$1,548,828$0$0$1,037,023
98$1,577,706$0$0$1,055,867
99$1,605,463$0$0$1,073,894
100$1,631,857$0$0$1,090,936