Can I retire at age 72 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$49,713$49,270$48,838$48,416$48,004$46,958
2 years$24,610$24,152$23,708$23,277$22,859$21,811
3 years$16,244$15,784$15,340$14,914$14,503$13,484
4 years$12,061$11,603$11,164$10,745$10,344$9,363
5 years$9,553$9,097$8,664$8,253$7,863$6,923
6 years$7,881$7,428$7,002$6,600$6,222$5,324
7 years$6,687$6,238$5,818$5,426$5,060$4,204
8 years$5,792$5,347$4,934$4,552$4,198$3,383
9 years$5,096$4,656$4,250$3,877$3,535$2,762
10 years$4,540$4,104$3,705$3,342$3,012$2,279
11 years$4,085$3,653$3,262$2,909$2,590$1,897
12 years$3,707$3,279$2,895$2,551$2,245$1,589
13 years$3,386$2,963$2,586$2,252$1,958$1,339
14 years$3,112$2,694$2,324$1,999$1,716$1,133
15 years$2,875$2,461$2,098$1,783$1,511$963
16 years$2,667$2,258$1,902$1,597$1,335$821
17 years$2,484$2,079$1,731$1,435$1,184$701
18 years$2,322$1,921$1,580$1,293$1,053$600
19 years$2,177$1,781$1,447$1,168$938$515
20 years$2,046$1,655$1,328$1,058$838$442
21 years$1,928$1,541$1,221$960$750$381
22 years$1,821$1,439$1,125$873$672$328
23 years$1,723$1,346$1,039$795$604$283
24 years$1,634$1,261$961$725$542$244
25 years$1,552$1,183$890$662$488$210
26 years$1,476$1,112$826$606$440$182
27 years$1,407$1,046$767$554$396$157
28 years$1,342$986$713$508$358$136
29 years$1,282$930$663$466$323$118
30 years$1,225$878$618$427$292$102
31 years$1,173$830$576$393$264$88
32 years$1,124$786$537$361$239$76
33 years$1,078$744$502$332$216$66
34 years$1,035$705$469$305$196$57
35 years$994$669$438$281$177$50
36 years$956$635$410$259$160$43
37 years$920$603$384$238$145$37
38 years$886$573$359$220$132$32
39 years$854$545$337$203$120$28
40 years$823$518$316$187$108$24
41 years$794$494$296$172$98$21
42 years$766$470$278$159$89$18
43 years$740$448$260$147$81$16
44 years$715$427$244$136$74$14
45 years$691$407$230$125$67$12
46 years$669$388$216$116$61$10
47 years$647$371$203$107$55$9
48 years$626$354$190$99$50$8
49 years$607$338$179$91$45$7
50 years$588$323$168$84$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $602,000, adding $3,495 every year, while hoping to spend $44,010 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: 48/35/17 Blend
71$602,000$602,000$602,000$602,000
72$667,009$635,103$625,772$695,685
73$688,218$619,397$599,909$700,215
74$710,115$601,446$571,705$700,357
75$732,723$581,094$541,034$699,565
76$756,069$558,175$507,766$697,767
77$780,177$532,515$471,766$694,889
78$805,074$503,927$432,889$690,852
79$830,788$472,216$390,987$685,572
80$857,349$437,175$345,905$678,963
81$884,785$398,583$297,480$670,931
82$913,130$356,211$245,543$661,378
83$942,416$309,812$189,915$650,200
84$972,678$259,128$130,413$637,289
85$1,003,952$203,886$66,842$622,530
86$1,036,276$143,798$0$605,801
87$1,069,690$78,557$0$587,155
88$1,104,234$7,842$0$579,228
89$1,139,953$0$0$569,781
90$1,176,893$0$0$585,159
91$1,215,102$0$0$604,193
92$1,254,630$0$0$623,888
93$1,295,531$0$0$644,270
94$1,337,861$0$0$665,369
95$1,381,680$0$0$687,215
96$1,427,050$0$0$709,839
97$1,474,038$0$0$733,276
98$1,522,713$0$0$757,561
99$1,573,151$0$0$782,731
100$1,625,429$0$0$808,828