Can I retire at age 72 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$35,509$35,193$34,884$34,583$34,289$33,271
2 years$17,579$17,251$16,934$16,626$16,328$15,311
3 years$11,603$11,274$10,957$10,653$10,359$9,375
4 years$8,615$8,288$7,974$7,675$7,388$6,444
5 years$6,823$6,498$6,188$5,895$5,616$4,715
6 years$5,629$5,306$5,001$4,714$4,444$3,587
7 years$4,776$4,456$4,156$3,876$3,614$2,800
8 years$4,137$3,819$3,525$3,251$2,998$2,227
9 years$3,640$3,325$3,036$2,769$2,525$1,796
10 years$3,243$2,931$2,647$2,387$2,151$1,464
11 years$2,918$2,610$2,330$2,078$1,850$1,203
12 years$2,648$2,342$2,068$1,822$1,603$995
13 years$2,419$2,117$1,847$1,609$1,398$827
14 years$2,223$1,924$1,660$1,428$1,226$690
15 years$2,053$1,758$1,499$1,274$1,079$578
16 years$1,905$1,613$1,359$1,140$954$486
17 years$1,774$1,485$1,236$1,025$846$409
18 years$1,658$1,372$1,129$923$752$345
19 years$1,555$1,272$1,033$834$670$292
20 years$1,461$1,182$948$756$599$247
21 years$1,377$1,101$872$686$536$209
22 years$1,301$1,028$804$624$480$177
23 years$1,231$961$742$568$431$150
24 years$1,167$900$686$518$387$128
25 years$1,109$845$636$473$349$109
26 years$1,055$794$590$433$314$92
27 years$1,005$747$548$396$283$79
28 years$958$704$509$363$255$67
29 years$915$664$474$333$231$57
30 years$875$627$441$305$208$48
31 years$838$593$411$280$188$41
32 years$803$561$384$258$170$35
33 years$770$532$358$237$154$30
34 years$739$504$335$218$140$25
35 years$710$478$313$201$127$22
36 years$683$454$293$185$115$18
37 years$657$431$274$170$104$16
38 years$633$409$257$157$94$13
39 years$610$389$240$145$85$11
40 years$588$370$225$133$77$10
41 years$567$353$211$123$70$8
42 years$547$336$198$114$64$7
43 years$529$320$186$105$58$6
44 years$511$305$175$97$53$5
45 years$494$291$164$89$48$4
46 years$478$277$154$83$43$4
47 years$462$265$145$76$39$3
48 years$447$253$136$71$36$3
49 years$433$241$128$65$32$2
50 years$420$231$120$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $430,000, adding $3,354 every year, while hoping to spend $23,658 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: 70/23/7 Blend
71$430,000$430,000$430,000$430,000
72$477,320$454,530$447,865$509,975
73$500,834$451,630$437,696$529,113
74$525,955$447,795$426,394$546,816
75$552,819$442,954$413,896$565,536
76$581,580$437,032$400,135$585,370
77$612,405$429,950$385,043$606,422
78$645,476$421,623$368,547$628,807
79$680,994$411,963$350,573$652,653
80$719,181$400,874$331,042$678,103
81$760,276$388,256$309,872$705,312
82$804,548$374,004$286,976$734,455
83$852,287$358,005$262,265$765,722
84$903,814$340,142$235,645$799,326
85$959,482$320,287$207,017$835,502
86$1,019,677$298,309$176,280$874,508
87$1,084,826$274,068$143,327$916,632
88$1,155,396$247,415$108,046$962,190
89$1,231,901$218,193$70,321$1,011,534
90$1,314,907$186,237$30,029$1,065,051
91$1,405,037$151,372$0$1,123,169
92$1,502,974$113,412$0$1,187,332
93$1,609,471$72,164$0$1,259,550
94$1,725,357$27,419$0$1,338,168
95$1,851,542$0$0$1,423,835
96$1,989,030$0$0$1,522,594
97$2,138,923$0$0$1,637,852
98$2,302,436$0$0$1,763,604
99$2,480,905$0$0$1,900,882
100$2,675,803$0$0$2,050,820