Can I retire at age 72 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$49,878$49,433$49,000$48,577$48,164$47,503
2 years$24,692$24,232$23,786$23,354$22,935$22,270
3 years$16,298$15,836$15,391$14,963$14,551$13,903
4 years$12,102$11,641$11,201$10,780$10,378$9,752
5 years$9,584$9,127$8,692$8,280$7,889$7,287
6 years$7,907$7,453$7,025$6,622$6,242$5,665
7 years$6,709$6,259$5,838$5,444$5,077$4,524
8 years$5,811$5,365$4,951$4,567$4,212$3,683
9 years$5,113$4,671$4,264$3,890$3,547$3,042
10 years$4,555$4,117$3,718$3,353$3,022$2,542
11 years$4,099$3,665$3,273$2,918$2,599$2,142
12 years$3,719$3,290$2,905$2,560$2,252$1,818
13 years$3,398$2,973$2,595$2,260$1,964$1,552
14 years$3,122$2,702$2,332$2,006$1,722$1,332
15 years$2,884$2,469$2,105$1,789$1,516$1,147
16 years$2,676$2,265$1,909$1,602$1,340$991
17 years$2,492$2,086$1,737$1,439$1,188$859
18 years$2,329$1,928$1,585$1,297$1,056$746
19 years$2,184$1,786$1,451$1,172$941$650
20 years$2,053$1,660$1,332$1,062$841$567
21 years$1,934$1,546$1,225$963$753$495
22 years$1,827$1,443$1,129$876$675$433
23 years$1,729$1,350$1,043$798$606$379
24 years$1,640$1,265$964$728$544$332
25 years$1,557$1,187$893$664$490$291
26 years$1,481$1,116$828$608$441$256
27 years$1,411$1,050$769$556$398$225
28 years$1,346$989$715$510$359$197
29 years$1,286$933$665$467$324$174
30 years$1,229$881$620$429$293$153
31 years$1,177$833$578$394$265$134
32 years$1,128$788$539$362$239$118
33 years$1,082$747$503$333$217$104
34 years$1,038$708$470$306$196$92
35 years$998$671$440$282$178$81
36 years$959$637$411$260$161$71
37 years$923$605$385$239$146$63
38 years$889$575$361$220$132$55
39 years$856$547$338$203$120$49
40 years$826$520$317$188$109$43
41 years$797$495$297$173$99$38
42 years$769$472$278$160$90$34
43 years$743$449$261$147$81$30
44 years$718$428$245$136$74$26
45 years$694$408$230$126$67$23
46 years$671$390$216$116$61$20
47 years$649$372$203$107$55$18
48 years$629$355$191$99$50$16
49 years$609$339$180$92$46$14
50 years$590$324$169$85$41$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $604,000, adding $6,636 every year, while hoping to spend $38,151 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: 47/44/9 Blend
71$604,000$604,000$604,000$604,000
72$672,453$640,441$631,079$702,096
73$700,451$631,230$611,628$713,976
74$730,026$620,290$590,246$722,348
75$761,299$607,494$566,830$730,557
76$794,401$592,710$541,268$738,600
77$829,476$575,800$513,447$746,475
78$866,681$556,612$483,246$754,185
79$906,188$534,992$450,540$761,734
80$948,184$510,772$415,198$769,131
81$992,876$483,776$377,084$776,389
82$1,040,487$453,819$336,055$783,524
83$1,091,264$420,704$291,960$790,560
84$1,145,477$384,222$244,645$797,526
85$1,203,421$344,155$193,946$804,459
86$1,265,420$300,269$139,693$811,403
87$1,331,830$252,318$81,709$818,412
88$1,403,039$200,045$19,809$825,553
89$1,479,476$143,174$0$832,901
90$1,561,609$81,416$0$844,988
91$1,649,953$14,465$0$859,799
92$1,745,074$0$0$875,573
93$1,847,592$0$0$920,556
94$1,958,189$0$0$976,693
95$2,077,615$0$0$1,037,366
96$2,206,692$0$0$1,103,001
97$2,346,326$0$0$1,174,065
98$2,497,511$0$0$1,251,072
99$2,661,340$0$0$1,334,587
100$2,839,016$0$0$1,425,232