Can I retire at age 72 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$49,052$48,615$48,189$47,773$47,366$46,775
2 years$24,283$23,831$23,393$22,968$22,555$21,960
3 years$16,028$15,574$15,137$14,716$14,310$13,729
4 years$11,901$11,448$11,016$10,602$10,206$9,645
5 years$9,426$8,976$8,549$8,143$7,758$7,218
6 years$7,776$7,329$6,908$6,512$6,139$5,620
7 years$6,598$6,155$5,741$5,354$4,993$4,496
8 years$5,715$5,276$4,869$4,491$4,142$3,666
9 years$5,029$4,594$4,193$3,826$3,488$3,034
10 years$4,480$4,049$3,656$3,298$2,972$2,539
11 years$4,031$3,605$3,219$2,870$2,556$2,144
12 years$3,657$3,235$2,856$2,517$2,215$1,824
13 years$3,341$2,924$2,552$2,222$1,932$1,560
14 years$3,071$2,658$2,293$1,973$1,693$1,341
15 years$2,836$2,428$2,070$1,759$1,491$1,157
16 years$2,632$2,228$1,877$1,575$1,318$1,002
17 years$2,451$2,051$1,708$1,415$1,168$870
18 years$2,291$1,896$1,559$1,276$1,039$758
19 years$2,148$1,757$1,427$1,153$926$661
20 years$2,019$1,633$1,310$1,044$827$578
21 years$1,902$1,521$1,205$947$740$506
22 years$1,797$1,420$1,111$861$663$443
23 years$1,701$1,328$1,025$785$595$389
24 years$1,612$1,244$948$716$535$342
25 years$1,531$1,167$878$653$482$301
26 years$1,457$1,097$815$597$434$264
27 years$1,388$1,033$756$547$391$233
28 years$1,324$973$703$501$353$205
29 years$1,264$918$654$460$319$181
30 years$1,209$867$610$422$288$160
31 years$1,157$819$568$387$260$141
32 years$1,109$775$530$356$235$124
33 years$1,064$734$495$327$213$110
34 years$1,021$696$463$301$193$97
35 years$981$660$432$277$175$86
36 years$943$626$405$255$158$76
37 years$908$595$379$235$144$67
38 years$874$565$355$217$130$59
39 years$842$538$332$200$118$52
40 years$812$512$311$184$107$46
41 years$783$487$292$170$97$41
42 years$756$464$274$157$88$36
43 years$730$442$257$145$80$32
44 years$706$421$241$134$73$28
45 years$682$402$227$124$66$25
46 years$660$383$213$114$60$22
47 years$639$366$200$105$54$20
48 years$618$349$188$97$49$17
49 years$599$333$177$90$45$15
50 years$580$318$166$83$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $594,000, adding $3,740 every year, while hoping to spend $23,664 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: 71/20/9 Blend
71$594,000$594,000$594,000$594,000
72$658,446$626,964$617,757$703,850
73$700,429$632,507$613,273$739,919
74$745,901$637,528$607,847$776,114
75$795,194$641,977$601,420$815,087
76$848,670$645,801$593,934$857,106
77$906,731$648,941$585,327$902,466
78$969,815$651,338$575,534$951,493
79$1,038,409$652,925$564,486$1,004,546
80$1,113,043$653,636$552,113$1,062,021
81$1,194,305$653,395$538,341$1,124,354
82$1,282,839$652,126$523,090$1,192,027
83$1,379,355$649,747$506,280$1,265,570
84$1,484,634$646,170$487,825$1,345,567
85$1,599,536$641,301$467,637$1,432,665
86$1,725,007$635,044$445,621$1,527,574
87$1,862,090$627,292$421,681$1,631,078
88$2,011,930$617,937$395,715$1,744,042
89$2,175,792$606,860$367,615$1,867,421
90$2,355,064$593,938$337,272$2,002,265
91$2,551,278$579,039$304,569$2,149,734
92$2,766,121$562,024$269,384$2,311,106
93$3,001,447$542,745$231,590$2,487,792
94$3,259,302$521,047$191,056$2,681,346
95$3,541,937$496,765$147,643$2,893,483
96$3,851,832$469,723$101,206$3,126,092
97$4,191,717$439,738$51,595$3,381,257
98$4,564,601$406,614$0$3,661,278
99$4,973,797$370,145$0$3,968,816
100$5,422,955$330,113$0$4,311,834