Can I retire at age 72 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$47,235$46,814$46,404$46,003$45,612$45,080
2 years$23,384$22,948$22,526$22,117$21,720$21,184
3 years$15,434$14,997$14,576$14,171$13,780$13,257
4 years$11,460$11,024$10,608$10,209$9,828$9,322
5 years$9,077$8,643$8,232$7,842$7,471$6,984
6 years$7,488$7,058$6,653$6,271$5,912$5,444
7 years$6,354$5,927$5,528$5,156$4,808$4,359
8 years$5,503$5,081$4,688$4,325$3,989$3,560
9 years$4,842$4,424$4,038$3,684$3,359$2,949
10 years$4,314$3,899$3,521$3,176$2,862$2,471
11 years$3,882$3,471$3,099$2,764$2,461$2,089
12 years$3,522$3,116$2,751$2,424$2,133$1,779
13 years$3,218$2,816$2,458$2,140$1,860$1,524
14 years$2,957$2,559$2,208$1,900$1,630$1,312
15 years$2,731$2,338$1,994$1,694$1,436$1,134
16 years$2,534$2,145$1,808$1,517$1,269$983
17 years$2,360$1,976$1,645$1,363$1,125$855
18 years$2,206$1,825$1,501$1,228$1,000$745
19 years$2,068$1,692$1,375$1,110$892$651
20 years$1,944$1,572$1,261$1,005$796$570
21 years$1,832$1,464$1,160$912$713$500
22 years$1,730$1,367$1,069$830$639$439
23 years$1,638$1,278$987$755$573$386
24 years$1,553$1,198$913$689$515$339
25 years$1,475$1,124$846$629$464$299
26 years$1,403$1,056$784$575$418$263
27 years$1,336$994$728$527$377$232
28 years$1,275$937$677$483$340$205
29 years$1,218$884$630$442$307$181
30 years$1,164$835$587$406$277$160
31 years$1,115$789$547$373$251$141
32 years$1,068$747$511$343$227$125
33 years$1,024$707$477$315$205$110
34 years$983$670$445$290$186$98
35 years$945$636$416$267$168$86
36 years$908$603$390$246$152$77
37 years$874$573$365$227$138$68
38 years$842$545$341$209$125$60
39 years$811$518$320$193$114$53
40 years$782$493$300$178$103$47
41 years$754$469$281$164$93$42
42 years$728$447$264$151$85$37
43 years$703$426$247$140$77$33
44 years$680$406$232$129$70$29
45 years$657$387$218$119$63$26
46 years$635$369$205$110$58$23
47 years$615$352$192$102$52$20
48 years$595$336$181$94$48$18
49 years$576$321$170$87$43$16
50 years$558$307$160$80$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $572,000, adding $3,216 every year, while hoping to spend $49,864 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: 40/34/26 Blend
71$572,000$572,000$572,000$572,000
72$633,661$603,345$594,479$654,030
73$645,240$579,854$561,339$645,581
74$656,328$553,541$525,418$631,542
75$666,824$524,215$486,570$615,384
76$676,611$491,673$444,642$596,943
77$685,563$455,702$399,475$576,044
78$693,537$416,078$350,903$552,500
79$700,371$372,559$298,752$526,107
80$705,890$324,896$242,841$496,650
81$709,896$272,820$182,981$463,894
82$712,168$216,051$118,974$427,591
83$712,462$154,291$50,613$387,470
84$710,508$87,226$0$343,243
85$706,004$14,524$0$300,796
86$698,615$0$0$268,983
87$687,972$0$0$257,458
88$673,663$0$0$249,708
89$655,234$0$0$240,097
90$632,179$0$0$228,399
91$603,942$0$0$214,369
92$569,904$0$0$197,731
93$529,381$0$0$178,184
94$481,617$0$0$155,392
95$425,776$0$0$128,985
96$360,933$0$0$98,553
97$286,065$0$0$63,644
98$200,043$0$0$23,758
99$101,617$0$0$0
100$0$0$0$0