Can I retire at age 72 with 605,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $605,000?

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$49,960$49,515$49,081$48,657$48,244$47,192
2 years$24,733$24,272$23,826$23,393$22,973$21,919
3 years$16,325$15,862$15,417$14,988$14,575$13,552
4 years$12,122$11,660$11,220$10,798$10,395$9,410
5 years$9,600$9,142$8,707$8,294$7,902$6,958
6 years$7,920$7,465$7,036$6,633$6,253$5,350
7 years$6,720$6,269$5,847$5,453$5,085$4,225
8 years$5,821$5,374$4,959$4,575$4,219$3,400
9 years$5,122$4,679$4,271$3,896$3,553$2,776
10 years$4,563$4,124$3,724$3,359$3,027$2,290
11 years$4,106$3,672$3,278$2,923$2,603$1,906
12 years$3,725$3,295$2,909$2,564$2,256$1,597
13 years$3,403$2,978$2,599$2,264$1,967$1,346
14 years$3,128$2,707$2,336$2,009$1,725$1,139
15 years$2,889$2,473$2,109$1,792$1,518$968
16 years$2,680$2,269$1,912$1,605$1,342$825
17 years$2,497$2,089$1,740$1,442$1,190$705
18 years$2,333$1,931$1,588$1,299$1,058$603
19 years$2,187$1,789$1,454$1,174$943$517
20 years$2,056$1,663$1,334$1,063$842$445
21 years$1,938$1,549$1,227$965$754$382
22 years$1,830$1,446$1,131$877$676$329
23 years$1,732$1,352$1,044$799$607$284
24 years$1,642$1,267$966$729$545$245
25 years$1,560$1,189$895$666$491$212
26 years$1,484$1,117$830$609$442$183
27 years$1,414$1,052$770$557$398$158
28 years$1,348$991$716$510$359$137
29 years$1,288$935$667$468$325$118
30 years$1,232$883$621$430$293$102
31 years$1,179$835$579$394$265$89
32 years$1,130$790$540$363$240$77
33 years$1,083$748$504$333$217$66
34 years$1,040$709$471$307$197$58
35 years$999$672$440$282$178$50
36 years$961$638$412$260$161$43
37 years$925$606$386$240$146$37
38 years$890$576$361$221$133$32
39 years$858$548$338$204$120$28
40 years$827$521$317$188$109$24
41 years$798$496$297$173$99$21
42 years$770$472$279$160$90$18
43 years$744$450$262$148$81$16
44 years$719$429$246$136$74$14
45 years$695$409$231$126$67$12
46 years$672$390$217$116$61$10
47 years$650$372$204$107$55$9
48 years$630$356$191$99$50$8
49 years$610$340$180$92$46$7
50 years$591$324$169$85$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $605,000, adding $2,851 every year, while hoping to spend $43,598 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: 46/45/9 Blend
71$605,000$605,000$605,000$605,000
72$669,651$637,586$628,208$698,653
73$691,567$622,440$602,865$703,807
74$714,258$605,090$575,212$704,652
75$737,756$585,383$545,125$704,571
76$762,096$563,156$512,476$703,492
77$787,315$538,235$477,129$701,340
78$813,452$510,440$438,944$698,036
79$840,549$479,576$397,773$693,496
80$868,649$445,440$353,463$687,632
81$897,800$407,815$305,853$680,351
82$928,052$366,475$254,776$671,555
83$959,458$321,177$200,055$661,142
84$992,075$271,666$141,509$649,002
85$1,025,964$217,675$78,946$635,023
86$1,061,189$158,918$12,168$619,084
87$1,097,820$95,094$0$601,060
88$1,135,931$25,888$0$586,494
89$1,175,604$0$0$571,187
90$1,216,923$0$0$578,130
91$1,259,981$0$0$598,736
92$1,304,877$0$0$620,236
93$1,351,718$0$0$642,682
94$1,400,620$0$0$666,131
95$1,451,708$0$0$690,647
96$1,505,115$0$0$716,295
97$1,560,988$0$0$743,147
98$1,619,484$0$0$771,284
99$1,680,774$0$0$800,788
100$1,745,043$0$0$831,754