Can I retire at age 72 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$48,804$48,370$47,945$47,531$47,127$46,404
2 years$24,161$23,711$23,274$22,852$22,442$21,714
3 years$15,947$15,495$15,060$14,641$14,238$13,530
4 years$11,841$11,391$10,960$10,548$10,155$9,471
5 years$9,378$8,930$8,505$8,102$7,719$7,062
6 years$7,737$7,292$6,874$6,479$6,108$5,478
7 years$6,565$6,124$5,712$5,327$4,967$4,365
8 years$5,686$5,249$4,844$4,469$4,121$3,545
9 years$5,003$4,571$4,172$3,806$3,470$2,922
10 years$4,457$4,029$3,638$3,281$2,957$2,435
11 years$4,011$3,587$3,202$2,856$2,543$2,047
12 years$3,639$3,219$2,842$2,505$2,204$1,733
13 years$3,324$2,909$2,539$2,211$1,922$1,476
14 years$3,055$2,644$2,281$1,963$1,685$1,263
15 years$2,822$2,416$2,060$1,751$1,483$1,085
16 years$2,618$2,216$1,868$1,567$1,311$935
17 years$2,439$2,041$1,699$1,408$1,162$808
18 years$2,279$1,886$1,551$1,269$1,034$700
19 years$2,137$1,748$1,420$1,147$921$607
20 years$2,009$1,624$1,303$1,039$823$528
21 years$1,893$1,513$1,199$943$736$460
22 years$1,788$1,412$1,105$857$660$401
23 years$1,692$1,321$1,020$781$592$350
24 years$1,604$1,238$944$712$533$306
25 years$1,524$1,161$874$650$479$267
26 years$1,449$1,092$810$594$432$234
27 years$1,381$1,027$753$544$389$205
28 years$1,317$968$700$499$351$180
29 years$1,258$913$651$457$317$157
30 years$1,203$862$606$420$286$138
31 years$1,152$815$565$385$259$121
32 years$1,103$771$528$354$234$106
33 years$1,058$731$493$326$212$93
34 years$1,016$692$460$300$192$82
35 years$976$657$430$276$174$72
36 years$939$623$402$254$158$63
37 years$903$592$377$234$143$55
38 years$870$563$353$216$129$49
39 years$838$535$331$199$117$43
40 years$808$509$310$183$106$38
41 years$779$485$290$169$97$33
42 years$752$461$272$156$88$29
43 years$727$440$256$144$80$26
44 years$702$419$240$133$72$22
45 years$679$400$225$123$66$20
46 years$657$381$212$114$60$17
47 years$635$364$199$105$54$15
48 years$615$347$187$97$49$13
49 years$596$332$176$90$45$12
50 years$577$317$165$83$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $591,000, adding $6,507 every year, while hoping to spend $28,774 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: 34/36/30 Blend
71$591,000$591,000$591,000$591,000
72$657,994$626,671$617,510$674,234
73$694,494$626,763$607,582$687,194
74$733,753$625,894$596,356$698,155
75$776,021$623,989$583,760$709,429
76$821,575$620,963$569,715$721,064
77$870,716$616,732$554,141$733,116
78$923,779$611,201$536,954$745,648
79$981,127$604,273$518,066$758,733
80$1,043,164$595,844$497,382$772,453
81$1,110,330$585,803$474,808$786,902
82$1,183,111$574,035$450,241$802,188
83$1,262,040$560,415$423,577$818,430
84$1,347,706$544,813$394,704$835,765
85$1,440,753$527,090$363,507$854,347
86$1,541,891$507,099$329,867$874,349
87$1,651,903$484,685$293,656$895,967
88$1,771,646$459,684$254,743$919,419
89$1,902,068$431,923$212,991$944,953
90$2,044,210$401,217$168,256$972,843
91$2,199,215$367,373$120,389$1,003,400
92$2,368,346$330,185$69,233$1,036,971
93$2,552,989$289,437$14,624$1,073,942
94$2,754,673$244,898$0$1,114,747
95$2,975,080$196,327$0$1,173,842
96$3,216,059$143,469$0$1,243,698
97$3,479,650$86,052$0$1,320,290
98$3,768,098$23,792$0$1,404,351
99$4,083,873$0$0$1,496,692
100$4,429,698$0$0$1,615,490