Can I retire at age 72 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$46,079$45,669$45,268$44,877$44,496$43,958
2 years$22,811$22,387$21,975$21,576$21,188$20,647
3 years$15,057$14,630$14,219$13,824$13,443$12,915
4 years$11,180$10,755$10,348$9,959$9,588$9,077
5 years$8,854$8,432$8,030$7,650$7,288$6,797
6 years$7,305$6,885$6,490$6,117$5,767$5,295
7 years$6,198$5,782$5,393$5,030$4,690$4,238
8 years$5,369$4,956$4,574$4,219$3,891$3,458
9 years$4,724$4,315$3,939$3,594$3,277$2,864
10 years$4,208$3,804$3,434$3,098$2,792$2,398
11 years$3,787$3,386$3,024$2,696$2,401$2,026
12 years$3,436$3,039$2,683$2,365$2,081$1,724
13 years$3,139$2,747$2,397$2,088$1,814$1,476
14 years$2,885$2,497$2,154$1,853$1,591$1,270
15 years$2,665$2,281$1,945$1,653$1,400$1,096
16 years$2,472$2,093$1,763$1,480$1,238$950
17 years$2,303$1,927$1,605$1,330$1,097$826
18 years$2,152$1,781$1,465$1,198$976$719
19 years$2,017$1,650$1,341$1,083$870$628
20 years$1,896$1,534$1,231$981$777$549
21 years$1,787$1,429$1,132$890$695$481
22 years$1,688$1,333$1,043$809$623$422
23 years$1,597$1,247$963$737$559$371
24 years$1,515$1,169$891$672$503$326
25 years$1,439$1,097$825$614$452$287
26 years$1,369$1,031$765$561$408$253
27 years$1,304$970$711$514$367$223
28 years$1,244$914$661$471$332$196
29 years$1,188$862$615$432$299$173
30 years$1,136$814$573$396$271$153
31 years$1,087$770$534$364$245$135
32 years$1,042$728$498$334$221$119
33 years$999$690$465$307$200$105
34 years$959$654$435$283$181$93
35 years$922$620$406$260$164$82
36 years$886$589$380$240$149$73
37 years$853$559$356$221$135$64
38 years$821$531$333$204$122$57
39 years$791$505$312$188$111$50
40 years$763$481$293$173$101$45
41 years$736$457$274$160$91$39
42 years$710$436$257$148$83$35
43 years$686$415$241$136$75$31
44 years$663$396$227$126$68$27
45 years$641$377$213$116$62$24
46 years$620$360$200$107$56$21
47 years$600$344$188$99$51$19
48 years$581$328$176$92$46$17
49 years$562$313$166$85$42$15
50 years$545$299$156$78$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $558,000, adding $3,006 every year, while hoping to spend $38,550 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: 64/15/21 Blend
71$558,000$558,000$558,000$558,000
72$618,017$588,443$579,794$654,055
73$640,037$576,259$558,200$666,497
74$663,012$562,187$534,591$675,465
75$686,998$546,093$508,858$684,370
76$712,055$527,835$480,888$693,209
77$738,251$507,264$450,563$701,979
78$765,655$484,223$417,760$710,678
79$794,346$458,544$382,349$719,308
80$824,407$430,051$344,196$727,869
81$855,929$398,556$303,159$736,367
82$889,011$363,862$259,092$744,807
83$923,759$325,760$211,840$753,199
84$960,289$284,029$161,243$761,556
85$998,728$238,436$107,135$769,894
86$1,039,213$188,734$49,338$778,232
87$1,081,894$134,663$0$786,596
88$1,126,934$75,949$0$797,782
89$1,174,511$12,300$0$821,040
90$1,224,818$0$0$845,389
91$1,278,068$0$0$880,269
92$1,334,491$0$0$919,398
93$1,394,340$0$0$960,922
94$1,457,891$0$0$1,005,035
95$1,525,446$0$0$1,051,951
96$1,597,336$0$0$1,101,900
97$1,673,922$0$0$1,155,137
98$1,755,600$0$0$1,211,941
99$1,842,803$0$0$1,272,617
100$1,936,008$0$0$1,337,499