Can I retire at age 72 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$46,079$45,669$45,268$44,877$44,496$43,140
2 years$22,811$22,387$21,975$21,576$21,188$19,835
3 years$15,057$14,630$14,219$13,824$13,443$12,133
4 years$11,180$10,755$10,348$9,959$9,588$8,332
5 years$8,854$8,432$8,030$7,650$7,288$6,090
6 years$7,305$6,885$6,490$6,117$5,767$4,627
7 years$6,198$5,782$5,393$5,030$4,690$3,608
8 years$5,369$4,956$4,574$4,219$3,891$2,867
9 years$4,724$4,315$3,939$3,594$3,277$2,309
10 years$4,208$3,804$3,434$3,098$2,792$1,880
11 years$3,787$3,386$3,024$2,696$2,401$1,543
12 years$3,436$3,039$2,683$2,365$2,081$1,274
13 years$3,139$2,747$2,397$2,088$1,814$1,058
14 years$2,885$2,497$2,154$1,853$1,591$882
15 years$2,665$2,281$1,945$1,653$1,400$738
16 years$2,472$2,093$1,763$1,480$1,238$619
17 years$2,303$1,927$1,605$1,330$1,097$520
18 years$2,152$1,781$1,465$1,198$976$438
19 years$2,017$1,650$1,341$1,083$870$370
20 years$1,896$1,534$1,231$981$777$312
21 years$1,787$1,429$1,132$890$695$264
22 years$1,688$1,333$1,043$809$623$224
23 years$1,597$1,247$963$737$559$190
24 years$1,515$1,169$891$672$503$161
25 years$1,439$1,097$825$614$452$136
26 years$1,369$1,031$765$561$408$116
27 years$1,304$970$711$514$367$98
28 years$1,244$914$661$471$332$83
29 years$1,188$862$615$432$299$71
30 years$1,136$814$573$396$271$60
31 years$1,087$770$534$364$245$51
32 years$1,042$728$498$334$221$44
33 years$999$690$465$307$200$37
34 years$959$654$435$283$181$32
35 years$922$620$406$260$164$27
36 years$886$589$380$240$149$23
37 years$853$559$356$221$135$19
38 years$821$531$333$204$122$16
39 years$791$505$312$188$111$14
40 years$763$481$293$173$101$12
41 years$736$457$274$160$91$10
42 years$710$436$257$148$83$9
43 years$686$415$241$136$75$7
44 years$663$396$227$126$68$6
45 years$641$377$213$116$62$5
46 years$620$360$200$107$56$5
47 years$600$344$188$99$51$4
48 years$581$328$176$92$46$3
49 years$562$313$166$85$42$3
50 years$545$299$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $558,000, adding $4,938 every year, while hoping to spend $43,231 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: 60/10/30 Blend
71$558,000$558,000$558,000$558,000
72$620,010$590,436$581,787$651,882
73$637,253$573,369$555,279$657,165
74$654,807$554,018$526,434$657,909
75$672,656$532,224$495,129$657,832
76$690,784$507,821$461,233$656,867
77$709,171$480,631$424,612$654,939
78$727,794$450,469$385,123$651,969
79$746,624$417,137$342,620$647,874
80$765,629$380,426$296,947$642,561
81$784,773$340,117$247,945$635,934
82$804,012$295,975$195,443$627,888
83$823,298$247,755$139,268$618,311
84$842,576$195,196$79,235$607,081
85$861,782$138,024$15,152$594,069
86$880,845$75,948$0$579,136
87$899,684$8,662$0$579,171
88$918,208$0$0$583,257
89$936,314$0$0$593,494
90$953,887$0$0$604,307
91$970,797$0$0$614,657
92$986,901$0$0$624,446
93$1,002,035$0$0$633,568
94$1,016,018$0$0$641,901
95$1,028,649$0$0$649,311
96$1,039,701$0$0$655,647
97$1,048,924$0$0$660,743
98$1,056,037$0$0$664,413
99$1,060,730$0$0$666,450
100$1,062,656$0$0$666,625