Can I retire at age 72 with 530,000?

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 $530,000?

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$43,767$43,377$42,997$42,625$42,263$41,997
2 years$21,667$21,263$20,872$20,493$20,125$19,857
3 years$14,301$13,896$13,506$13,130$12,768$12,506
4 years$10,619$10,215$9,829$9,459$9,106$8,852
5 years$8,410$8,009$7,627$7,266$6,923$6,677
6 years$6,938$6,540$6,164$5,811$5,478$5,241
7 years$5,887$5,492$5,122$4,777$4,455$4,227
8 years$5,099$4,708$4,344$4,007$3,696$3,477
9 years$4,487$4,099$3,742$3,413$3,112$2,903
10 years$3,997$3,613$3,262$2,942$2,652$2,452
11 years$3,597$3,216$2,872$2,561$2,281$2,089
12 years$3,263$2,887$2,549$2,246$1,976$1,794
13 years$2,981$2,609$2,277$1,983$1,723$1,549
14 years$2,740$2,371$2,046$1,760$1,511$1,345
15 years$2,531$2,166$1,847$1,570$1,330$1,173
16 years$2,348$1,988$1,675$1,406$1,176$1,026
17 years$2,187$1,830$1,524$1,263$1,042$901
18 years$2,044$1,691$1,391$1,138$927$792
19 years$1,916$1,568$1,274$1,028$826$699
20 years$1,801$1,457$1,169$931$738$618
21 years$1,697$1,357$1,075$845$660$547
22 years$1,603$1,267$991$769$592$485
23 years$1,517$1,185$915$700$531$430
24 years$1,439$1,110$846$638$478$382
25 years$1,366$1,042$784$583$430$340
26 years$1,300$979$727$533$387$303
27 years$1,238$921$675$488$349$270
28 years$1,181$868$627$447$315$241
29 years$1,128$819$584$410$284$215
30 years$1,079$773$544$376$257$192
31 years$1,033$731$507$346$232$171
32 years$990$692$473$318$210$153
33 years$949$655$442$292$190$137
34 years$911$621$413$269$172$122
35 years$875$589$386$247$156$109
36 years$842$559$361$228$141$98
37 years$810$531$338$210$128$88
38 years$780$505$316$193$116$78
39 years$752$480$296$178$105$70
40 years$725$456$278$165$95$63
41 years$699$435$261$152$87$56
42 years$675$414$244$140$79$50
43 years$652$394$229$129$71$45
44 years$630$376$215$119$65$40
45 years$609$358$202$110$59$36
46 years$589$342$190$102$53$33
47 years$570$326$178$94$48$29
48 years$552$311$168$87$44$26
49 years$534$297$158$80$40$23
50 years$517$284$148$74$36$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $530,000, adding $6,533 every year, while hoping to spend $22,284 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: 67/7/26 Blend
71$530,000$530,000$530,000$530,000
72$590,799$562,709$554,494$625,986
73$627,350$566,572$549,359$654,328
74$666,883$569,877$543,306$682,193
75$709,678$572,573$536,279$712,162
76$756,043$574,608$528,223$744,443
77$806,318$575,922$519,077$779,268
78$860,875$576,455$508,779$816,890
79$920,125$576,142$497,264$857,590
80$984,519$574,914$484,463$901,677
81$1,054,553$572,698$470,306$949,493
82$1,130,774$569,416$454,717$1,001,417
83$1,213,781$564,986$437,619$1,057,865
84$1,304,237$559,320$418,929$1,119,296
85$1,402,869$552,327$398,563$1,186,218
86$1,510,478$543,907$376,431$1,259,192
87$1,627,945$533,957$352,440$1,338,835
88$1,756,241$522,366$326,492$1,425,830
89$1,896,433$509,018$298,485$1,520,930
90$2,049,699$493,789$268,314$1,624,965
91$2,217,332$476,549$235,866$1,738,852
92$2,400,759$457,159$201,027$1,863,603
93$2,601,549$435,472$163,673$2,000,333
94$2,821,430$411,334$123,680$2,150,273
95$3,062,307$384,580$80,915$2,314,781
96$3,326,276$355,038$35,239$2,495,356
97$3,615,646$322,524$0$2,693,650
98$3,932,959$286,845$0$2,915,233
99$4,281,016$247,796$0$3,169,045
100$4,662,902$205,161$0$3,447,561