Can I retire at age 72 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$50,291$49,843$49,406$48,979$48,563$47,254
2 years$24,896$24,433$23,983$23,548$23,125$21,816
3 years$16,433$15,967$15,519$15,087$14,671$13,403
4 years$12,202$11,737$11,294$10,869$10,464$9,246
5 years$9,664$9,202$8,764$8,349$7,954$6,790
6 years$7,972$7,514$7,083$6,677$6,294$5,185
7 years$6,765$6,311$5,886$5,489$5,119$4,064
8 years$5,859$5,409$4,992$4,605$4,247$3,246
9 years$5,156$4,710$4,299$3,922$3,576$2,629
10 years$4,593$4,151$3,748$3,381$3,047$2,152
11 years$4,133$3,696$3,300$2,942$2,621$1,776
12 years$3,750$3,317$2,929$2,581$2,271$1,476
13 years$3,426$2,998$2,617$2,279$1,980$1,233
14 years$3,148$2,725$2,351$2,023$1,736$1,034
15 years$2,908$2,489$2,123$1,804$1,528$871
16 years$2,698$2,284$1,924$1,615$1,351$735
17 years$2,513$2,103$1,751$1,451$1,198$622
18 years$2,349$1,944$1,599$1,308$1,065$528
19 years$2,202$1,801$1,463$1,182$949$448
20 years$2,070$1,674$1,343$1,070$848$381
21 years$1,951$1,559$1,235$971$759$325
22 years$1,842$1,455$1,139$883$680$277
23 years$1,743$1,361$1,051$804$611$236
24 years$1,653$1,275$972$734$549$202
25 years$1,570$1,197$901$670$494$172
26 years$1,494$1,125$835$613$445$147
27 years$1,423$1,059$776$561$401$126
28 years$1,357$998$721$514$362$108
29 years$1,296$941$671$471$327$92
30 years$1,240$889$625$432$295$79
31 years$1,187$840$583$397$267$68
32 years$1,137$795$544$365$241$58
33 years$1,091$753$508$336$219$50
34 years$1,047$713$474$309$198$43
35 years$1,006$677$443$284$179$36
36 years$967$642$415$262$162$31
37 years$931$610$388$241$147$27
38 years$896$580$364$222$133$23
39 years$864$551$341$205$121$20
40 years$833$525$319$189$110$17
41 years$803$499$299$174$100$14
42 years$775$476$281$161$90$12
43 years$749$453$263$149$82$11
44 years$724$432$247$137$74$9
45 years$700$412$232$127$68$8
46 years$677$393$218$117$61$7
47 years$655$375$205$108$56$6
48 years$634$358$193$100$51$5
49 years$614$342$181$92$46$4
50 years$595$326$170$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $609,000, adding $6,073 every year, while hoping to spend $45,747 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: 40/46/14 Blend
71$609,000$609,000$609,000$609,000
72$677,382$645,105$635,666$701,428
73$697,801$628,041$608,286$701,970
74$718,769$608,607$578,456$697,623
75$740,294$586,640$546,045$691,929
76$762,383$561,965$510,917$684,788
77$785,043$534,397$472,929$676,092
78$808,278$503,744$431,933$665,729
79$832,093$469,798$387,774$653,578
80$856,490$432,341$340,288$639,513
81$881,471$391,145$289,306$623,399
82$907,035$345,965$234,651$605,092
83$933,179$296,544$176,139$584,440
84$959,899$242,610$113,575$561,283
85$987,188$183,877$46,759$535,451
86$1,015,036$120,042$0$506,761
87$1,043,430$50,784$0$478,689
88$1,072,353$0$0$455,058
89$1,101,785$0$0$440,960
90$1,131,700$0$0$452,738
91$1,162,070$0$0$464,672
92$1,192,857$0$0$476,745
93$1,224,021$0$0$488,936
94$1,255,512$0$0$501,223
95$1,287,275$0$0$513,580
96$1,319,244$0$0$525,976
97$1,351,345$0$0$538,376
98$1,383,492$0$0$550,742
99$1,415,590$0$0$563,029
100$1,447,527$0$0$575,186