Can I retire at age 72 with 552,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$45,584$45,178$44,781$44,395$44,017$43,630
2 years$22,566$22,146$21,739$21,344$20,961$20,571
3 years$14,895$14,473$14,066$13,675$13,298$12,917
4 years$11,060$10,639$10,237$9,852$9,484$9,116
5 years$8,759$8,341$7,944$7,567$7,210$6,854
6 years$7,226$6,811$6,420$6,052$5,705$5,363
7 years$6,132$5,720$5,335$4,975$4,640$4,311
8 years$5,311$4,903$4,525$4,174$3,849$3,534
9 years$4,673$4,269$3,897$3,555$3,241$2,940
10 years$4,163$3,763$3,397$3,065$2,762$2,474
11 years$3,746$3,350$2,991$2,667$2,375$2,101
12 years$3,399$3,007$2,655$2,339$2,058$1,797
13 years$3,105$2,717$2,372$2,065$1,795$1,546
14 years$2,854$2,470$2,131$1,833$1,573$1,337
15 years$2,636$2,256$1,924$1,635$1,385$1,161
16 years$2,446$2,070$1,744$1,464$1,224$1,012
17 years$2,278$1,906$1,587$1,315$1,086$884
18 years$2,129$1,762$1,449$1,185$965$775
19 years$1,996$1,633$1,326$1,071$860$680
20 years$1,876$1,517$1,217$970$769$599
21 years$1,768$1,413$1,120$880$688$527
22 years$1,670$1,319$1,032$801$616$466
23 years$1,580$1,234$953$729$553$411
24 years$1,498$1,156$881$665$497$364
25 years$1,423$1,085$816$607$448$322
26 years$1,354$1,020$757$555$403$286
27 years$1,290$960$703$508$363$253
28 years$1,230$904$653$466$328$225
29 years$1,175$853$608$427$296$200
30 years$1,124$806$566$392$268$177
31 years$1,076$761$528$360$242$158
32 years$1,031$721$493$331$219$140
33 years$989$682$460$304$198$125
34 years$949$647$430$280$179$111
35 years$912$613$402$258$162$99
36 years$877$582$376$237$147$88
37 years$844$553$352$219$133$78
38 years$812$526$330$202$121$70
39 years$783$500$309$186$110$62
40 years$755$475$289$171$99$55
41 years$728$453$271$158$90$49
42 years$703$431$255$146$82$44
43 years$679$411$239$135$74$39
44 years$656$391$224$124$67$35
45 years$634$373$210$115$61$31
46 years$613$356$198$106$56$28
47 years$593$340$186$98$50$25
48 years$574$324$175$91$46$22
49 years$556$310$164$84$42$20
50 years$539$296$154$77$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $552,000, adding $5,244 every year, while hoping to spend $33,185 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: 61/31/8 Blend
71$552,000$552,000$552,000$552,000
72$613,713$584,457$575,901$649,792
73$641,003$577,787$559,885$667,905
74$669,965$569,678$542,221$683,365
75$700,733$560,024$522,817$699,396
76$733,457$548,714$501,580$716,055
77$768,297$535,628$478,411$733,402
78$805,432$520,643$453,206$751,509
79$845,056$503,625$425,859$770,454
80$887,382$484,432$396,255$790,324
81$932,643$462,918$364,278$811,221
82$981,096$438,924$329,804$833,253
83$1,033,020$412,284$292,705$856,545
84$1,088,725$382,822$252,847$881,235
85$1,148,546$350,351$210,089$907,479
86$1,212,856$314,677$164,285$935,451
87$1,282,060$275,589$115,282$965,342
88$1,356,607$232,869$62,920$997,370
89$1,436,986$186,285$7,033$1,031,775
90$1,523,737$135,592$0$1,068,826
91$1,617,452$80,530$0$1,113,312
92$1,718,783$20,826$0$1,162,008
93$1,828,444$0$0$1,214,701
94$1,947,223$0$0$1,286,764
95$2,075,984$0$0$1,372,620
96$2,215,678$0$0$1,465,804
97$2,367,350$0$0$1,567,018
98$2,532,153$0$0$1,677,034
99$2,711,350$0$0$1,796,702
100$2,906,334$0$0$1,926,958