Can I retire at age 72 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$44,015$43,623$43,240$42,867$42,502$42,323
2 years$21,789$21,384$20,990$20,609$20,239$20,058
3 years$14,382$13,974$13,582$13,204$12,841$12,664
4 years$10,679$10,273$9,884$9,513$9,158$8,986
5 years$8,458$8,054$7,671$7,307$6,962$6,796
6 years$6,977$6,577$6,199$5,843$5,509$5,349
7 years$5,920$5,523$5,151$4,804$4,480$4,326
8 years$5,128$4,734$4,369$4,030$3,717$3,569
9 years$4,512$4,122$3,763$3,433$3,130$2,988
10 years$4,020$3,633$3,281$2,959$2,667$2,531
11 years$3,617$3,235$2,888$2,575$2,294$2,164
12 years$3,282$2,903$2,563$2,259$1,988$1,863
13 years$2,998$2,624$2,290$1,994$1,733$1,615
14 years$2,755$2,385$2,058$1,770$1,519$1,406
15 years$2,545$2,179$1,858$1,579$1,338$1,230
16 years$2,361$1,999$1,684$1,414$1,182$1,080
17 years$2,199$1,841$1,533$1,270$1,048$951
18 years$2,056$1,701$1,399$1,145$932$840
19 years$1,927$1,576$1,281$1,034$831$743
20 years$1,811$1,465$1,175$937$742$659
21 years$1,707$1,365$1,081$850$664$586
22 years$1,612$1,274$996$773$595$521
23 years$1,526$1,191$920$704$534$464
24 years$1,447$1,116$851$642$480$414
25 years$1,374$1,047$788$586$432$370
26 years$1,307$984$731$536$389$331
27 years$1,245$926$679$491$351$296
28 years$1,188$873$631$450$317$265
29 years$1,135$824$587$412$286$237
30 years$1,085$778$547$378$258$213
31 years$1,039$735$510$348$234$191
32 years$995$696$476$319$211$171
33 years$955$659$444$294$191$154
34 years$916$624$415$270$173$138
35 years$880$592$388$249$157$124
36 years$847$562$363$229$142$111
37 years$815$534$340$211$129$100
38 years$784$507$318$195$117$90
39 years$756$483$298$179$106$81
40 years$729$459$279$165$96$73
41 years$703$437$262$153$87$65
42 years$679$416$246$141$79$59
43 years$655$397$231$130$72$53
44 years$633$378$216$120$65$48
45 years$612$360$203$111$59$43
46 years$592$344$191$102$54$39
47 years$573$328$179$95$49$35
48 years$555$313$169$87$44$31
49 years$537$299$158$81$40$28
50 years$520$286$149$75$37$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $533,000, adding $5,987 every year, while hoping to spend $31,800 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: 39/48/13 Blend
71$533,000$533,000$533,000$533,000
72$593,542$565,293$557,031$614,151
73$620,248$559,157$541,857$623,207
74$648,612$551,655$525,108$629,442
75$678,771$542,686$506,699$635,488
76$710,871$532,143$486,539$641,344
77$745,076$519,915$464,535$647,010
78$781,564$505,880$440,586$652,489
79$820,528$489,913$414,591$657,787
80$862,183$471,880$386,441$662,914
81$906,763$451,639$356,023$667,885
82$954,524$429,040$323,221$672,718
83$1,005,747$403,925$287,911$677,438
84$1,060,742$376,127$249,965$682,077
85$1,119,847$345,466$209,249$686,672
86$1,183,435$311,758$165,622$691,271
87$1,251,914$274,802$118,938$695,929
88$1,325,732$234,390$69,046$700,715
89$1,405,382$190,301$15,784$705,706
90$1,491,407$142,301$0$710,996
91$1,584,399$90,143$0$722,388
92$1,685,015$33,567$0$737,019
93$1,793,972$0$0$752,868
94$1,912,061$0$0$784,760
95$2,040,151$0$0$838,645
96$2,179,197$0$0$897,202
97$2,330,251$0$0$960,882
98$2,494,469$0$0$1,030,180
99$2,673,123$0$0$1,105,642
100$2,867,613$0$0$1,187,869