Can I retire at age 72 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$62,347$61,792$61,250$60,721$60,205$59,800
2 years$30,865$30,290$29,733$29,193$28,669$28,261
3 years$20,372$19,795$19,239$18,704$18,189$17,790
4 years$15,127$14,551$14,001$13,475$12,972$12,586
5 years$11,981$11,408$10,866$10,350$9,861$9,488
6 years$9,884$9,316$8,781$8,277$7,803$7,444
7 years$8,386$7,823$7,297$6,805$6,346$6,001
8 years$7,264$6,706$6,188$5,709$5,265$4,933
9 years$6,392$5,839$5,330$4,863$4,434$4,116
10 years$5,694$5,147$4,647$4,192$3,778$3,474
11 years$5,124$4,582$4,091$3,648$3,249$2,959
12 years$4,649$4,112$3,631$3,200$2,815$2,539
13 years$4,247$3,716$3,244$2,825$2,455$2,192
14 years$3,903$3,378$2,915$2,508$2,152$1,901
15 years$3,605$3,086$2,631$2,236$1,895$1,657
16 years$3,345$2,831$2,386$2,002$1,675$1,448
17 years$3,115$2,608$2,171$1,799$1,485$1,270
18 years$2,912$2,409$1,982$1,621$1,320$1,117
19 years$2,730$2,233$1,814$1,465$1,177$984
20 years$2,566$2,075$1,665$1,327$1,051$869
21 years$2,418$1,933$1,532$1,204$941$769
22 years$2,284$1,804$1,412$1,095$843$681
23 years$2,161$1,687$1,303$997$757$604
24 years$2,049$1,581$1,205$909$680$537
25 years$1,947$1,484$1,116$831$612$477
26 years$1,852$1,394$1,035$759$551$424
27 years$1,764$1,312$961$695$497$378
28 years$1,683$1,237$894$637$449$337
29 years$1,607$1,167$832$584$405$300
30 years$1,537$1,102$775$536$366$268
31 years$1,471$1,042$722$492$331$239
32 years$1,410$985$674$452$299$213
33 years$1,352$933$629$416$271$191
34 years$1,298$885$588$383$245$170
35 years$1,247$839$550$352$222$152
36 years$1,199$796$514$325$201$136
37 years$1,154$756$481$299$182$122
38 years$1,111$719$451$276$165$109
39 years$1,071$683$422$254$150$97
40 years$1,032$650$396$234$136$87
41 years$996$619$371$216$123$78
42 years$961$590$348$200$112$70
43 years$928$562$327$184$102$62
44 years$897$535$307$170$92$56
45 years$867$511$288$157$84$50
46 years$839$487$270$145$76$45
47 years$812$465$254$134$69$40
48 years$786$444$239$124$63$36
49 years$761$424$224$114$57$32
50 years$737$405$211$106$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $755,000, adding $4,006 every year, while hoping to spend $22,188 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: 53/27/20 Blend
71$755,000$755,000$755,000$755,000
72$836,142$796,127$784,425$875,679
73$897,821$811,530$787,095$918,670
74$965,047$826,943$789,111$962,772
75$1,038,363$842,345$790,428$1,010,284
76$1,118,367$857,710$790,997$1,061,538
77$1,205,714$873,012$790,770$1,116,902
78$1,301,129$888,221$789,693$1,176,777
79$1,405,408$903,308$787,711$1,241,610
80$1,519,427$918,238$784,768$1,311,891
81$1,644,153$932,976$780,801$1,388,161
82$1,780,648$947,482$775,749$1,471,017
83$1,930,082$961,717$769,545$1,561,117
84$2,093,744$975,635$762,118$1,659,188
85$2,273,054$989,189$753,397$1,766,029
86$2,469,574$1,002,328$743,305$1,882,524
87$2,685,027$1,014,998$731,762$2,009,646
88$2,921,307$1,027,141$718,684$2,148,469
89$3,180,505$1,038,695$703,984$2,300,178
90$3,464,919$1,049,594$687,569$2,466,077
91$3,777,083$1,059,766$669,346$2,647,607
92$4,119,788$1,069,138$649,212$2,846,356
93$4,496,109$1,077,628$627,062$3,064,076
94$4,909,432$1,085,151$602,789$3,302,697
95$5,363,487$1,091,617$576,275$3,564,349
96$5,862,384$1,096,928$547,402$3,851,380
97$6,410,652$1,100,982$516,045$4,166,380
98$7,013,278$1,103,669$482,071$4,512,204
99$7,675,756$1,104,873$445,345$4,892,000
100$8,404,142$1,104,470$405,723$5,309,241