Can I retire at age 72 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$31,050$30,773$30,503$30,240$29,983$29,140
2 years$15,371$15,085$14,807$14,538$14,278$13,435
3 years$10,146$9,858$9,581$9,315$9,058$8,242
4 years$7,533$7,247$6,973$6,711$6,460$5,677
5 years$5,966$5,682$5,411$5,155$4,911$4,162
6 years$4,922$4,639$4,373$4,122$3,886$3,173
7 years$4,177$3,896$3,634$3,389$3,160$2,483
8 years$3,618$3,340$3,082$2,843$2,622$1,980
9 years$3,183$2,908$2,654$2,422$2,208$1,601
10 years$2,836$2,563$2,314$2,087$1,881$1,308
11 years$2,552$2,282$2,037$1,817$1,618$1,077
12 years$2,315$2,048$1,808$1,593$1,402$893
13 years$2,115$1,851$1,615$1,407$1,223$745
14 years$1,944$1,682$1,451$1,249$1,072$623
15 years$1,795$1,537$1,311$1,114$944$524
16 years$1,666$1,410$1,188$997$834$441
17 years$1,552$1,299$1,081$896$739$373
18 years$1,450$1,200$987$807$658$315
19 years$1,359$1,112$904$730$586$267
20 years$1,278$1,033$829$661$523$227
21 years$1,204$963$763$600$468$193
22 years$1,137$899$703$545$420$164
23 years$1,076$840$649$497$377$140
24 years$1,021$787$600$453$339$119
25 years$969$739$556$414$305$101
26 years$922$694$516$378$275$86
27 years$878$654$479$346$248$74
28 years$838$616$445$317$223$63
29 years$800$581$414$291$202$54
30 years$765$549$386$267$182$46
31 years$733$519$360$245$165$39
32 years$702$491$336$225$149$34
33 years$673$465$313$207$135$29
34 years$646$441$293$191$122$24
35 years$621$418$274$175$111$21
36 years$597$397$256$162$100$18
37 years$575$377$240$149$91$15
38 years$553$358$224$137$82$13
39 years$533$340$210$127$75$11
40 years$514$324$197$117$68$10
41 years$496$308$185$108$61$8
42 years$479$294$173$99$56$7
43 years$462$280$163$92$51$6
44 years$447$267$153$85$46$5
45 years$432$254$143$78$42$4
46 years$418$243$135$72$38$4
47 years$404$231$127$67$34$3
48 years$391$221$119$62$31$3
49 years$379$211$112$57$28$2
50 years$367$202$105$53$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $376,000, adding $2,037 every year, while hoping to spend $21,094 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: 54/33/13 Blend
71$376,000$376,000$376,000$376,000
72$416,453$396,525$390,697$437,421
73$436,488$393,511$381,342$448,899
74$457,858$389,642$370,966$458,936
75$480,680$384,855$359,513$469,376
76$505,077$379,080$346,924$480,261
77$531,187$372,247$333,138$491,639
78$559,159$364,278$318,090$503,565
79$589,159$355,094$301,712$516,100
80$621,368$344,608$283,933$529,312
81$655,983$332,729$264,681$543,279
82$693,223$319,363$243,877$558,086
83$733,327$304,407$221,442$573,831
84$776,557$287,754$197,292$590,620
85$823,203$269,291$171,338$608,574
86$873,581$248,897$143,489$627,829
87$928,039$226,446$113,649$648,535
88$986,960$201,803$81,717$670,860
89$1,050,766$174,827$47,591$694,991
90$1,119,919$145,368$11,159$721,138
91$1,194,927$113,268$0$749,532
92$1,276,351$78,360$0$784,280
93$1,364,806$40,466$0$823,725
94$1,460,968$0$0$866,656
95$1,565,583$0$0$913,667
96$1,679,470$0$0$980,872
97$1,803,530$0$0$1,054,114
98$1,938,757$0$0$1,133,982
99$2,086,241$0$0$1,221,126
100$2,247,186$0$0$1,316,259