Can I retire at age 72 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$49,465$49,024$48,594$48,175$47,765$47,504
2 years$24,488$24,031$23,590$23,161$22,745$22,482
3 years$16,163$15,705$15,264$14,839$14,431$14,173
4 years$12,001$11,545$11,108$10,691$10,292$10,042
5 years$9,505$9,051$8,620$8,212$7,824$7,582
6 years$7,841$7,391$6,967$6,567$6,191$5,958
7 years$6,654$6,207$5,789$5,399$5,035$4,811
8 years$5,763$5,320$4,910$4,529$4,177$3,962
9 years$5,071$4,632$4,229$3,858$3,517$3,312
10 years$4,517$4,083$3,687$3,325$2,997$2,800
11 years$4,065$3,635$3,246$2,894$2,578$2,389
12 years$3,688$3,263$2,881$2,539$2,234$2,054
13 years$3,369$2,949$2,574$2,241$1,948$1,776
14 years$3,097$2,680$2,312$1,989$1,707$1,544
15 years$2,860$2,448$2,088$1,774$1,503$1,348
16 years$2,654$2,246$1,893$1,589$1,329$1,181
17 years$2,472$2,069$1,722$1,427$1,178$1,038
18 years$2,310$1,912$1,572$1,286$1,047$915
19 years$2,166$1,772$1,439$1,162$934$808
20 years$2,036$1,646$1,321$1,053$834$715
21 years$1,918$1,533$1,215$955$746$634
22 years$1,812$1,431$1,120$869$669$563
23 years$1,715$1,339$1,034$791$600$500
24 years$1,626$1,254$956$722$540$445
25 years$1,544$1,177$886$659$486$397
26 years$1,469$1,106$821$603$437$354
27 years$1,400$1,041$763$552$394$316
28 years$1,335$981$709$505$356$282
29 years$1,275$926$660$463$321$252
30 years$1,219$874$615$425$290$225
31 years$1,167$826$573$391$263$202
32 years$1,118$782$535$359$237$180
33 years$1,073$740$499$330$215$162
34 years$1,030$702$466$304$195$145
35 years$989$666$436$280$176$130
36 years$951$632$408$257$160$116
37 years$915$600$382$237$145$104
38 years$881$570$358$219$131$93
39 years$849$542$335$202$119$84
40 years$819$516$314$186$108$75
41 years$790$491$294$172$98$67
42 years$763$468$276$158$89$61
43 years$737$446$259$146$81$54
44 years$712$425$243$135$73$49
45 years$688$405$228$125$66$44
46 years$665$386$215$115$60$39
47 years$644$369$202$106$55$35
48 years$623$352$189$98$50$32
49 years$604$336$178$91$45$28
50 years$585$321$167$84$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $599,000, adding $2,852 every year, while hoping to spend $36,466 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: 64/27/9 Blend
71$599,000$599,000$599,000$599,000
72$663,040$631,293$622,008$704,046
73$691,870$623,427$604,046$723,884
74$722,419$613,953$584,260$741,006
75$754,824$602,754$562,550$758,771
76$789,233$589,706$538,813$777,242
77$825,811$574,678$512,939$796,486
78$864,736$557,529$484,815$816,578
79$906,204$538,113$454,321$837,606
80$950,429$516,273$421,333$859,663
81$997,647$491,845$385,723$882,858
82$1,048,115$464,654$347,352$907,309
83$1,102,115$434,514$306,081$933,151
84$1,159,957$401,231$261,760$960,532
85$1,221,979$364,598$214,236$989,619
86$1,288,554$324,396$163,346$1,020,598
87$1,360,091$280,396$108,922$1,053,676
88$1,437,038$232,353$50,789$1,089,084
89$1,519,887$180,010$0$1,127,080
90$1,609,180$123,094$0$1,169,031
91$1,705,509$61,319$0$1,219,450
92$1,809,529$0$0$1,273,829
93$1,921,955$0$0$1,334,253
94$2,043,576$0$0$1,419,360
95$2,175,258$0$0$1,511,542
96$2,317,954$0$0$1,611,470
97$2,472,710$0$0$1,719,882
98$2,640,679$0$0$1,837,588
99$2,823,127$0$0$1,965,483
100$3,021,447$0$0$2,104,548