Can I retire at age 72 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$63,586$63,019$62,467$61,928$61,401$60,558
2 years$31,478$30,892$30,324$29,773$29,239$28,391
3 years$20,777$20,188$19,621$19,076$18,550$17,724
4 years$15,427$14,840$14,279$13,743$13,230$12,432
5 years$12,219$11,635$11,081$10,556$10,057$9,290
6 years$10,080$9,501$8,955$8,442$7,958$7,221
7 years$8,553$7,979$7,442$6,940$6,472$5,767
8 years$7,408$6,839$6,311$5,822$5,369$4,695
9 years$6,519$5,955$5,436$4,959$4,522$3,879
10 years$5,807$5,249$4,739$4,275$3,853$3,240
11 years$5,225$4,673$4,172$3,720$3,313$2,731
12 years$4,741$4,194$3,703$3,263$2,871$2,318
13 years$4,331$3,790$3,308$2,881$2,504$1,979
14 years$3,981$3,445$2,972$2,557$2,195$1,698
15 years$3,677$3,147$2,684$2,281$1,933$1,462
16 years$3,411$2,888$2,433$2,042$1,708$1,264
17 years$3,177$2,659$2,214$1,835$1,514$1,095
18 years$2,970$2,457$2,021$1,654$1,347$951
19 years$2,784$2,277$1,850$1,494$1,200$828
20 years$2,617$2,116$1,698$1,353$1,072$722
21 years$2,466$1,971$1,562$1,228$959$631
22 years$2,329$1,840$1,440$1,117$860$552
23 years$2,204$1,721$1,329$1,017$772$483
24 years$2,090$1,612$1,229$928$694$423
25 years$1,985$1,513$1,139$847$624$371
26 years$1,888$1,422$1,056$775$562$326
27 years$1,799$1,338$981$709$507$286
28 years$1,716$1,261$912$650$457$252
29 years$1,639$1,190$848$596$413$221
30 years$1,567$1,124$790$547$373$195
31 years$1,500$1,062$737$502$337$171
32 years$1,438$1,005$687$461$305$151
33 years$1,379$952$642$424$276$133
34 years$1,324$902$600$390$250$117
35 years$1,272$856$561$359$227$103
36 years$1,223$812$524$331$205$91
37 years$1,177$771$491$305$186$80
38 years$1,133$733$460$281$169$71
39 years$1,092$697$431$259$153$62
40 years$1,053$663$404$239$139$55
41 years$1,016$631$378$221$126$48
42 years$980$601$355$204$114$43
43 years$947$573$333$188$104$38
44 years$915$546$313$173$94$33
45 years$884$521$294$160$85$29
46 years$855$497$276$148$78$26
47 years$828$474$259$137$70$23
48 years$801$453$243$126$64$20
49 years$776$432$229$117$58$18
50 years$752$413$215$108$53$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $770,000, adding $3,689 every year, while hoping to spend $28,204 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: 64/16/20 Blend
71$770,000$770,000$770,000$770,000
72$852,345$811,535$799,600$902,324
73$909,276$821,292$796,378$946,146
74$971,068$830,581$792,103$990,478
75$1,038,187$839,350$786,709$1,038,251
76$1,111,147$847,543$780,129$1,089,803
77$1,190,512$855,100$772,291$1,145,509
78$1,276,902$861,958$763,120$1,205,778
79$1,370,999$868,047$752,538$1,271,066
80$1,473,556$873,297$740,463$1,341,874
81$1,585,400$877,629$726,809$1,418,753
82$1,707,440$880,962$711,486$1,502,314
83$1,840,678$883,208$694,400$1,593,230
84$1,986,217$884,276$675,453$1,692,242
85$2,145,272$884,066$654,542$1,800,169
86$2,319,180$882,475$631,558$1,917,914
87$2,509,411$879,391$606,390$2,046,473
88$2,717,586$874,697$578,920$2,186,945
89$2,945,490$868,267$549,024$2,340,543
90$3,195,088$859,970$516,574$2,508,603
91$3,468,543$849,664$481,435$2,692,600
92$3,768,238$837,202$443,467$2,894,161
93$4,096,798$822,425$402,523$3,115,081
94$4,457,114$805,166$358,450$3,357,338
95$4,852,369$785,248$311,087$3,623,116
96$5,286,070$762,485$260,268$3,914,820
97$5,762,079$736,676$205,817$4,235,107
98$6,284,651$707,614$147,552$4,586,905
99$6,858,473$675,074$85,283$4,973,441
100$7,488,708$638,823$18,810$5,398,278