Can I retire at age 72 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$47,566$47,142$46,728$46,325$45,931$45,508
2 years$23,547$23,109$22,684$22,272$21,872$21,446
3 years$15,542$15,102$14,678$14,270$13,876$13,460
4 years$11,541$11,101$10,682$10,280$9,897$9,494
5 years$9,140$8,704$8,289$7,896$7,523$7,135
6 years$7,540$7,107$6,699$6,315$5,953$5,580
7 years$6,398$5,969$5,567$5,192$4,841$4,483
8 years$5,542$5,116$4,721$4,355$4,016$3,673
9 years$4,876$4,455$4,066$3,710$3,382$3,054
10 years$4,344$3,926$3,545$3,198$2,882$2,568
11 years$3,909$3,496$3,121$2,783$2,479$2,179
12 years$3,546$3,137$2,770$2,441$2,148$1,863
13 years$3,240$2,835$2,475$2,155$1,873$1,602
14 years$2,978$2,577$2,224$1,913$1,642$1,384
15 years$2,750$2,354$2,008$1,706$1,446$1,201
16 years$2,552$2,160$1,820$1,528$1,278$1,046
17 years$2,377$1,989$1,656$1,373$1,133$914
18 years$2,221$1,838$1,512$1,237$1,007$800
19 years$2,083$1,704$1,384$1,118$898$702
20 years$1,958$1,583$1,270$1,012$802$617
21 years$1,845$1,475$1,168$919$718$543
22 years$1,742$1,376$1,077$835$643$479
23 years$1,649$1,287$994$761$577$423
24 years$1,564$1,206$920$694$519$374
25 years$1,485$1,132$852$634$467$331
26 years$1,413$1,064$790$579$421$293
27 years$1,346$1,001$734$530$379$260
28 years$1,284$943$682$486$342$230
29 years$1,226$890$635$446$309$204
30 years$1,172$841$591$409$279$181
31 years$1,122$795$551$376$252$161
32 years$1,075$752$514$345$228$143
33 years$1,032$712$480$317$207$127
34 years$990$675$449$292$187$113
35 years$951$640$419$269$169$101
36 years$915$608$392$248$154$89
37 years$880$577$367$228$139$80
38 years$848$548$344$210$126$71
39 years$817$521$322$194$114$63
40 years$787$496$302$179$104$56
41 years$760$472$283$165$94$50
42 years$733$450$266$152$85$44
43 years$708$429$249$141$78$40
44 years$684$408$234$130$70$35
45 years$662$390$220$120$64$31
46 years$640$372$206$111$58$28
47 years$619$355$194$102$53$25
48 years$599$339$182$95$48$22
49 years$580$323$171$87$43$20
50 years$562$309$161$81$39$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $576,000, adding $6,563 every year, while hoping to spend $48,385 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: 42/32/26 Blend
71$576,000$576,000$576,000$576,000
72$641,522$610,994$602,066$663,346
73$655,476$589,451$570,754$658,076
74$669,231$565,231$536,771$647,290
75$682,717$538,152$499,977$634,667
76$695,853$508,020$460,225$620,067
77$708,549$474,632$417,362$603,337
78$720,705$437,773$371,227$584,317
79$732,206$397,213$321,653$562,831
80$742,927$352,713$268,464$538,695
81$752,727$304,017$211,479$511,707
82$761,449$250,857$150,507$481,655
83$768,916$192,948$85,348$448,307
84$774,933$129,991$15,795$411,418
85$779,283$61,667$0$370,721
86$781,724$0$0$342,142
87$781,988$0$0$319,246
88$779,774$0$0$316,876
89$774,753$0$0$313,165
90$766,555$0$0$307,940
91$754,774$0$0$301,012
92$738,958$0$0$292,169
93$718,605$0$0$281,178
94$693,160$0$0$267,782
95$662,010$0$0$251,693
96$624,474$0$0$232,597
97$579,800$0$0$210,142
98$527,155$0$0$183,943
99$465,620$0$0$153,570
100$394,176$0$0$118,552