Can I retire at age 72 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$48,061$47,633$47,215$46,808$46,409$46,175
2 years$23,793$23,349$22,920$22,504$22,100$21,863
3 years$15,704$15,259$14,831$14,418$14,021$13,790
4 years$11,661$11,217$10,793$10,388$10,000$9,775
5 years$9,235$8,794$8,376$7,979$7,602$7,385
6 years$7,619$7,181$6,769$6,381$6,015$5,806
7 years$6,465$6,031$5,625$5,246$4,892$4,691
8 years$5,600$5,169$4,770$4,401$4,058$3,865
9 years$4,927$4,501$4,109$3,748$3,418$3,233
10 years$4,389$3,967$3,582$3,231$2,912$2,735
11 years$3,950$3,532$3,154$2,812$2,504$2,335
12 years$3,583$3,170$2,799$2,467$2,170$2,009
13 years$3,274$2,865$2,501$2,178$1,893$1,738
14 years$3,009$2,604$2,247$1,933$1,659$1,512
15 years$2,779$2,379$2,028$1,724$1,461$1,321
16 years$2,578$2,183$1,839$1,544$1,291$1,158
17 years$2,402$2,010$1,674$1,387$1,145$1,018
18 years$2,245$1,857$1,528$1,250$1,018$898
19 years$2,104$1,721$1,399$1,129$907$794
20 years$1,978$1,600$1,284$1,023$810$703
21 years$1,864$1,490$1,181$928$725$624
22 years$1,761$1,391$1,088$844$650$554
23 years$1,666$1,301$1,005$769$583$493
24 years$1,580$1,219$929$701$524$439
25 years$1,500$1,144$861$640$472$391
26 years$1,427$1,075$798$585$425$349
27 years$1,360$1,012$741$536$383$312
28 years$1,297$953$689$491$346$279
29 years$1,239$899$641$450$312$249
30 years$1,185$849$597$413$282$223
31 years$1,134$803$557$379$255$200
32 years$1,087$760$519$349$231$179
33 years$1,042$719$485$321$209$160
34 years$1,001$682$453$295$189$144
35 years$961$647$424$272$171$129
36 years$924$614$396$250$155$116
37 years$889$583$371$230$141$104
38 years$856$554$347$212$127$93
39 years$825$527$325$196$116$84
40 years$796$501$305$181$105$75
41 years$768$477$286$167$95$67
42 years$741$454$268$154$86$61
43 years$716$433$252$142$78$54
44 years$691$413$236$131$71$49
45 years$669$394$222$121$65$44
46 years$647$375$208$112$59$39
47 years$626$358$196$103$53$35
48 years$606$342$184$95$48$32
49 years$587$327$173$88$44$29
50 years$568$312$163$82$40$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $582,000, adding $4,608 every year, while hoping to spend $59,308 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: 50/25/25 Blend
71$582,000$582,000$582,000$582,000
72$646,117$615,271$606,250$673,665
73$648,918$582,316$563,456$660,369
74$650,016$545,759$517,241$639,589
75$649,177$505,359$467,427$615,807
76$646,136$460,866$413,830$588,767
77$640,605$412,010$356,255$558,187
78$632,258$358,511$294,502$523,763
79$620,739$300,068$228,358$485,166
80$605,651$236,368$157,604$442,038
81$586,554$167,077$82,011$393,989
82$562,961$91,842$1,337$340,598
83$534,335$10,294$0$281,405
84$500,077$0$0$238,522
85$459,530$0$0$212,093
86$411,963$0$0$184,589
87$356,570$0$0$152,731
88$292,457$0$0$116,027
89$218,640$0$0$73,933
90$134,029$0$0$25,846
91$37,420$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0