Can I retire at age 72 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$47,153$46,733$46,323$45,923$45,532$44,234
2 years$23,343$22,908$22,487$22,078$21,682$20,385
3 years$15,407$14,971$14,550$14,146$13,756$12,499
4 years$11,440$11,005$10,589$10,191$9,811$8,605
5 years$9,061$8,628$8,218$7,828$7,458$6,306
6 years$7,475$7,046$6,641$6,260$5,901$4,805
7 years$6,343$5,917$5,519$5,147$4,799$3,758
8 years$5,494$5,072$4,680$4,317$3,982$2,994
9 years$4,834$4,416$4,031$3,677$3,353$2,419
10 years$4,306$3,892$3,514$3,170$2,857$1,975
11 years$3,875$3,465$3,094$2,759$2,457$1,626
12 years$3,516$3,110$2,746$2,420$2,129$1,348
13 years$3,212$2,811$2,453$2,136$1,857$1,123
14 years$2,952$2,555$2,204$1,896$1,628$939
15 years$2,727$2,334$1,990$1,691$1,433$788
16 years$2,530$2,141$1,804$1,514$1,267$664
17 years$2,356$1,972$1,642$1,361$1,123$560
18 years$2,202$1,822$1,499$1,226$999$474
19 years$2,064$1,689$1,372$1,108$890$401
20 years$1,941$1,569$1,259$1,004$795$340
21 years$1,829$1,462$1,158$911$711$289
22 years$1,727$1,365$1,068$828$638$246
23 years$1,635$1,276$986$754$572$209
24 years$1,550$1,196$912$688$515$178
25 years$1,472$1,122$844$628$463$151
26 years$1,400$1,055$783$574$417$129
27 years$1,334$993$727$526$376$110
28 years$1,273$935$676$482$339$94
29 years$1,216$882$629$442$306$80
30 years$1,162$833$586$405$277$68
31 years$1,113$788$546$372$250$58
32 years$1,066$745$510$342$226$50
33 years$1,023$706$476$315$205$43
34 years$982$669$445$290$185$36
35 years$943$635$416$267$168$31
36 years$907$602$389$245$152$26
37 years$873$572$364$226$138$23
38 years$840$544$341$208$125$19
39 years$810$517$319$192$113$17
40 years$781$492$299$177$103$14
41 years$753$468$281$164$93$12
42 years$727$446$263$151$85$10
43 years$702$425$247$139$77$9
44 years$678$405$232$129$70$8
45 years$656$386$218$119$63$6
46 years$634$368$205$110$58$5
47 years$614$352$192$101$52$5
48 years$594$336$181$94$47$4
49 years$575$320$170$87$43$3
50 years$557$306$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $571,000, adding $6,339 every year, while hoping to spend $31,726 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: 71/11/18 Blend
71$571,000$571,000$571,000$571,000
72$635,781$605,518$596,667$677,768
73$666,874$601,432$582,899$702,442
74$700,076$596,082$567,607$725,046
75$735,567$589,374$550,705$748,989
76$773,547$581,206$532,106$774,398
77$814,234$571,470$511,717$801,414
78$857,868$560,054$489,441$830,193
79$904,710$546,836$465,177$860,909
80$955,049$531,690$438,820$893,752
81$1,009,202$514,481$410,258$928,934
82$1,067,516$495,066$379,377$966,688
83$1,130,372$473,293$346,055$1,007,275
84$1,198,190$449,004$310,168$1,050,980
85$1,271,429$422,029$271,582$1,098,118
86$1,350,596$392,190$230,161$1,149,040
87$1,436,246$359,297$185,762$1,204,133
88$1,528,992$323,151$138,233$1,263,824
89$1,629,504$283,540$87,419$1,328,585
90$1,738,522$240,242$33,156$1,398,939
91$1,856,859$193,021$0$1,475,462
92$1,985,407$141,628$0$1,563,546
93$2,125,150$85,800$0$1,666,246
94$2,277,170$25,259$0$1,778,002
95$2,442,657$0$0$1,899,710
96$2,622,920$0$0$2,037,236
97$2,819,399$0$0$2,190,493
98$3,033,681$0$0$2,357,665
99$3,267,511$0$0$2,540,116
100$3,522,810$0$0$2,739,349