Can I retire at age 72 with 582,000?

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 $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%13.4%
1 years$48,061$47,633$47,215$46,808$46,409$45,754
2 years$23,793$23,349$22,920$22,504$22,100$21,440
3 years$15,704$15,259$14,831$14,418$14,021$13,378
4 years$11,661$11,217$10,793$10,388$10,000$9,379
5 years$9,235$8,794$8,376$7,979$7,602$7,005
6 years$7,619$7,181$6,769$6,381$6,015$5,442
7 years$6,465$6,031$5,625$5,246$4,892$4,344
8 years$5,600$5,169$4,770$4,401$4,058$3,534
9 years$4,927$4,501$4,109$3,748$3,418$2,918
10 years$4,389$3,967$3,582$3,231$2,912$2,436
11 years$3,950$3,532$3,154$2,812$2,504$2,052
12 years$3,583$3,170$2,799$2,467$2,170$1,741
13 years$3,274$2,865$2,501$2,178$1,893$1,485
14 years$3,009$2,604$2,247$1,933$1,659$1,273
15 years$2,779$2,379$2,028$1,724$1,461$1,096
16 years$2,578$2,183$1,839$1,544$1,291$946
17 years$2,402$2,010$1,674$1,387$1,145$820
18 years$2,245$1,857$1,528$1,250$1,018$712
19 years$2,104$1,721$1,399$1,129$907$619
20 years$1,978$1,600$1,284$1,023$810$539
21 years$1,864$1,490$1,181$928$725$471
22 years$1,761$1,391$1,088$844$650$411
23 years$1,666$1,301$1,005$769$583$360
24 years$1,580$1,219$929$701$524$315
25 years$1,500$1,144$861$640$472$276
26 years$1,427$1,075$798$585$425$242
27 years$1,360$1,012$741$536$383$213
28 years$1,297$953$689$491$346$187
29 years$1,239$899$641$450$312$164
30 years$1,185$849$597$413$282$144
31 years$1,134$803$557$379$255$127
32 years$1,087$760$519$349$231$112
33 years$1,042$719$485$321$209$98
34 years$1,001$682$453$295$189$86
35 years$961$647$424$272$171$76
36 years$924$614$396$250$155$67
37 years$889$583$371$230$141$59
38 years$856$554$347$212$127$52
39 years$825$527$325$196$116$46
40 years$796$501$305$181$105$40
41 years$768$477$286$167$95$36
42 years$741$454$268$154$86$31
43 years$716$433$252$142$78$28
44 years$691$413$236$131$71$24
45 years$669$394$222$121$65$21
46 years$647$375$208$112$59$19
47 years$626$358$196$103$53$17
48 years$606$342$184$95$48$15
49 years$587$327$173$88$44$13
50 years$568$312$163$82$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $582,000, adding $5,951 every year, while hoping to spend $46,724 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: 34/42/24 Blend
71$582,000$582,000$582,000$582,000
72$647,502$616,656$607,635$664,622
73$663,834$597,159$578,277$658,404
74$680,265$575,139$546,370$647,044
75$696,757$550,426$511,778$633,857
76$713,264$522,835$474,361$618,711
77$729,737$492,174$433,972$601,465
78$746,117$458,238$390,457$581,969
79$762,339$420,810$343,655$560,064
80$778,330$379,661$293,400$535,581
81$794,006$334,551$239,515$508,337
82$809,274$285,224$181,818$478,141
83$824,029$231,409$120,118$444,787
84$838,154$172,822$54,216$408,055
85$851,517$109,161$0$367,714
86$863,971$40,109$0$327,639
87$875,351$0$0$298,524
88$885,475$0$0$282,268
89$894,138$0$0$283,955
90$901,112$0$0$284,959
91$906,145$0$0$285,186
92$908,954$0$0$284,527
93$909,226$0$0$282,864
94$906,615$0$0$280,065
95$900,733$0$0$275,983
96$891,154$0$0$270,456
97$877,401$0$0$263,305
98$858,949$0$0$254,330
99$835,215$0$0$243,311
100$805,553$0$0$230,004