Can I retire at age 72 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$49,300$48,861$48,432$48,014$47,606$46,759
2 years$24,406$23,951$23,511$23,084$22,669$21,820
3 years$16,109$15,652$15,213$14,790$14,382$13,556
4 years$11,961$11,506$11,071$10,655$10,258$9,460
5 years$9,473$9,021$8,592$8,184$7,798$7,032
6 years$7,815$7,366$6,943$6,545$6,170$5,437
7 years$6,631$6,186$5,770$5,381$5,018$4,317
8 years$5,744$5,303$4,893$4,514$4,163$3,495
9 years$5,054$4,617$4,215$3,845$3,506$2,870
10 years$4,502$4,070$3,674$3,314$2,987$2,383
11 years$4,051$3,623$3,235$2,885$2,569$1,996
12 years$3,676$3,252$2,871$2,530$2,226$1,683
13 years$3,358$2,939$2,565$2,234$1,941$1,428
14 years$3,086$2,671$2,305$1,983$1,702$1,217
15 years$2,851$2,440$2,081$1,768$1,498$1,041
16 years$2,645$2,239$1,887$1,583$1,324$893
17 years$2,463$2,062$1,717$1,423$1,174$769
18 years$2,302$1,905$1,567$1,282$1,044$663
19 years$2,158$1,766$1,435$1,158$931$573
20 years$2,029$1,641$1,317$1,049$831$496
21 years$1,912$1,528$1,211$952$744$430
22 years$1,806$1,427$1,116$866$667$373
23 years$1,709$1,334$1,031$788$598$324
24 years$1,621$1,250$953$719$538$282
25 years$1,539$1,173$883$657$484$245
26 years$1,464$1,103$819$601$436$214
27 years$1,395$1,038$760$550$393$186
28 years$1,331$978$707$504$355$162
29 years$1,271$922$658$462$320$142
30 years$1,215$871$613$424$289$124
31 years$1,163$824$571$389$262$108
32 years$1,115$779$533$358$237$94
33 years$1,069$738$498$329$214$82
34 years$1,026$699$465$303$194$72
35 years$986$663$435$279$176$63
36 years$948$630$407$257$159$55
37 years$912$598$381$236$144$48
38 years$879$568$356$218$131$42
39 years$847$540$334$201$119$37
40 years$816$514$313$185$108$32
41 years$787$489$293$171$98$28
42 years$760$466$275$158$89$24
43 years$734$444$258$146$80$21
44 years$709$423$242$135$73$19
45 years$686$404$228$124$66$16
46 years$663$385$214$115$60$14
47 years$642$368$201$106$55$13
48 years$621$351$189$98$50$11
49 years$602$335$177$91$45$10
50 years$583$320$167$84$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $597,000, adding $4,222 every year, while hoping to spend $26,216 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: 42/48/10 Blend
71$597,000$597,000$597,000$597,000
72$662,249$630,608$621,354$687,952
73$701,905$633,614$614,276$709,337
74$744,727$635,889$606,082$729,516
75$791,010$637,369$596,707$750,778
76$841,080$637,987$586,084$773,230
77$895,292$637,670$574,140$796,995
78$954,040$636,343$560,801$822,209
79$1,017,753$633,926$545,989$849,021
80$1,086,907$630,331$529,623$877,601
81$1,162,023$625,469$511,617$908,134
82$1,243,675$619,242$491,881$940,830
83$1,332,493$611,549$470,323$975,918
84$1,429,173$602,280$446,844$1,013,655
85$1,534,479$591,322$421,343$1,054,328
86$1,649,250$578,552$393,713$1,098,252
87$1,774,414$563,841$363,843$1,145,780
88$1,910,988$547,052$331,615$1,197,302
89$2,060,093$528,042$296,909$1,253,253
90$2,222,964$506,658$259,596$1,314,113
91$2,400,959$482,737$219,546$1,380,416
92$2,595,574$456,108$176,617$1,452,753
93$2,808,455$426,590$130,667$1,531,782
94$3,041,417$393,993$81,544$1,618,230
95$3,296,456$358,112$29,090$1,712,902
96$3,575,770$318,736$0$1,816,691
97$3,881,781$275,636$0$1,933,457
98$4,217,156$228,576$0$2,064,923
99$4,584,831$177,301$0$2,209,216
100$4,988,041$121,546$0$2,367,698