Can I retire at age 72 with 559,000?

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 $559,000?

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$46,162$45,751$45,349$44,958$44,575$44,295
2 years$22,852$22,427$22,014$21,614$21,226$20,943
3 years$15,084$14,656$14,245$13,849$13,467$13,190
4 years$11,200$10,774$10,366$9,977$9,605$9,336
5 years$8,870$8,447$8,045$7,663$7,301$7,042
6 years$7,318$6,897$6,501$6,128$5,777$5,528
7 years$6,209$5,792$5,403$5,039$4,698$4,458
8 years$5,378$4,965$4,582$4,227$3,898$3,668
9 years$4,732$4,323$3,946$3,600$3,283$3,062
10 years$4,216$3,811$3,441$3,103$2,797$2,586
11 years$3,793$3,392$3,029$2,701$2,405$2,204
12 years$3,442$3,045$2,688$2,369$2,084$1,892
13 years$3,144$2,752$2,402$2,092$1,818$1,634
14 years$2,890$2,501$2,158$1,857$1,593$1,419
15 years$2,669$2,285$1,948$1,656$1,403$1,237
16 years$2,477$2,096$1,766$1,483$1,240$1,082
17 years$2,307$1,931$1,607$1,332$1,099$950
18 years$2,156$1,784$1,467$1,200$978$836
19 years$2,021$1,653$1,343$1,085$871$737
20 years$1,900$1,536$1,233$982$778$651
21 years$1,790$1,431$1,134$892$696$577
22 years$1,691$1,336$1,045$811$624$511
23 years$1,600$1,249$965$738$560$454
24 years$1,517$1,171$892$673$504$403
25 years$1,441$1,099$827$615$453$359
26 years$1,371$1,032$767$562$408$319
27 years$1,306$972$712$515$368$285
28 years$1,246$916$662$472$332$254
29 years$1,190$864$616$432$300$226
30 years$1,138$816$574$397$271$202
31 years$1,089$771$535$364$245$181
32 years$1,044$730$499$335$222$161
33 years$1,001$691$466$308$201$144
34 years$961$655$435$283$182$129
35 years$923$621$407$261$164$115
36 years$888$590$381$240$149$103
37 years$854$560$356$221$135$92
38 years$823$532$334$204$122$83
39 years$793$506$313$188$111$74
40 years$764$481$293$174$101$66
41 years$737$458$275$160$91$59
42 years$712$436$258$148$83$53
43 years$687$416$242$136$75$48
44 years$664$396$227$126$68$43
45 years$642$378$213$116$62$38
46 years$621$361$200$107$56$34
47 years$601$344$188$99$51$31
48 years$582$329$177$92$46$28
49 years$563$314$166$85$42$25
50 years$546$300$156$78$38$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $559,000, adding $4,348 every year, while hoping to spend $37,323 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: 50/32/18 Blend
71$559,000$559,000$559,000$559,000
72$620,503$590,876$582,211$648,225
73$644,083$580,118$562,004$657,061
74$668,817$567,581$539,869$662,454
75$694,784$553,140$515,702$667,512
76$722,068$536,660$489,394$672,217
77$750,763$518,000$460,833$676,550
78$780,968$497,009$429,898$680,495
79$812,793$473,530$396,466$684,036
80$846,358$447,393$360,408$687,158
81$881,792$418,420$321,587$689,848
82$919,238$386,426$279,863$692,095
83$958,849$351,209$235,087$693,890
84$1,000,795$312,562$187,106$695,227
85$1,045,259$270,261$135,758$696,103
86$1,092,445$224,072$80,874$696,520
87$1,142,571$173,749$22,280$696,482
88$1,195,878$119,028$0$696,002
89$1,252,632$59,634$0$702,827
90$1,313,119$0$0$714,318
91$1,377,657$0$0$727,928
92$1,446,592$0$0$764,930
93$1,520,303$0$0$804,532
94$1,599,206$0$0$846,963
95$1,683,759$0$0$892,475
96$1,774,461$0$0$941,340
97$1,871,861$0$0$993,862
98$1,976,564$0$0$1,050,370
99$2,089,229$0$0$1,111,230
100$2,210,585$0$0$1,176,839