Can I retire at age 72 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$44,097$43,704$43,321$42,947$42,582$41,842
2 years$21,830$21,424$21,030$20,648$20,277$19,534
3 years$14,409$14,001$13,608$13,229$12,865$12,142
4 years$10,699$10,292$9,903$9,531$9,175$8,478
5 years$8,474$8,069$7,685$7,321$6,975$6,305
6 years$6,991$6,589$6,211$5,854$5,519$4,877
7 years$5,932$5,533$5,161$4,813$4,488$3,875
8 years$5,138$4,743$4,377$4,038$3,724$3,139
9 years$4,521$4,130$3,770$3,439$3,136$2,579
10 years$4,027$3,640$3,287$2,965$2,672$2,143
11 years$3,624$3,241$2,894$2,580$2,298$1,796
12 years$3,288$2,909$2,568$2,263$1,991$1,516
13 years$3,004$2,629$2,294$1,998$1,736$1,286
14 years$2,761$2,389$2,061$1,774$1,522$1,097
15 years$2,550$2,183$1,861$1,582$1,340$939
16 years$2,366$2,003$1,687$1,416$1,184$806
17 years$2,204$1,844$1,536$1,272$1,050$694
18 years$2,059$1,704$1,402$1,147$934$599
19 years$1,931$1,579$1,283$1,036$832$518
20 years$1,815$1,468$1,178$938$743$449
21 years$1,710$1,367$1,083$852$665$389
22 years$1,615$1,276$998$774$596$338
23 years$1,529$1,194$922$705$535$294
24 years$1,450$1,118$853$643$481$256
25 years$1,377$1,049$790$587$433$223
26 years$1,310$986$732$537$390$194
27 years$1,248$928$680$492$352$169
28 years$1,190$875$632$450$317$148
29 years$1,137$825$588$413$286$129
30 years$1,087$779$548$379$259$113
31 years$1,041$737$511$348$234$98
32 years$997$697$477$320$212$86
33 years$956$660$445$294$192$75
34 years$918$626$416$271$173$66
35 years$882$593$389$249$157$58
36 years$848$563$364$230$142$50
37 years$816$535$340$211$129$44
38 years$786$508$319$195$117$38
39 years$757$483$299$180$106$34
40 years$730$460$280$166$96$29
41 years$704$438$262$153$87$26
42 years$680$417$246$141$79$23
43 years$657$397$231$130$72$20
44 years$634$379$217$120$65$17
45 years$613$361$204$111$59$15
46 years$593$344$191$103$54$13
47 years$574$329$180$95$49$12
48 years$556$314$169$88$44$10
49 years$538$300$159$81$40$9
50 years$521$286$149$75$37$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $534,000, adding $3,500 every year, while hoping to spend $28,008 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: 76/9/15 Blend
71$534,000$534,000$534,000$534,000
72$592,078$563,776$555,499$634,906
73$622,670$561,601$544,308$661,492
74$655,443$558,380$531,803$686,779
75$690,591$554,034$517,912$713,737
76$728,325$548,475$502,556$742,521
77$768,878$541,614$485,655$773,307
78$812,505$533,354$467,125$806,285
79$859,485$523,594$446,879$841,667
80$910,127$512,224$424,823$879,686
81$964,768$499,131$400,863$920,600
82$1,023,779$484,193$374,897$964,692
83$1,087,568$467,282$346,819$1,012,275
84$1,156,584$448,263$316,522$1,063,696
85$1,231,319$426,991$283,889$1,119,336
86$1,312,315$403,315$248,800$1,179,615
87$1,400,167$377,074$211,132$1,244,999
88$1,495,532$348,098$170,752$1,315,999
89$1,599,129$316,208$127,525$1,393,181
90$1,711,751$281,213$81,308$1,477,170
91$1,834,270$242,913$31,952$1,568,653
92$1,967,646$201,096$0$1,668,391
93$2,112,933$155,537$0$1,780,536
94$2,271,295$106,001$0$1,908,372
95$2,444,009$52,237$0$2,047,825
96$2,632,482$0$0$2,200,049
97$2,838,265$0$0$2,366,911
98$3,063,061$0$0$2,554,861
99$3,308,747$0$0$2,760,297
100$3,577,392$0$0$2,984,951