Can I retire at age 72 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$35,674$35,356$35,046$34,744$34,448$33,386
2 years$17,660$17,332$17,013$16,704$16,404$15,343
3 years$11,657$11,326$11,008$10,702$10,407$9,381
4 years$8,655$8,326$8,011$7,710$7,423$6,438
5 years$6,855$6,528$6,217$5,922$5,643$4,704
6 years$5,655$5,330$5,024$4,736$4,465$3,572
7 years$4,799$4,476$4,175$3,894$3,631$2,784
8 years$4,156$3,837$3,541$3,266$3,012$2,211
9 years$3,657$3,341$3,050$2,782$2,537$1,780
10 years$3,258$2,945$2,659$2,398$2,161$1,448
11 years$2,932$2,622$2,341$2,087$1,859$1,187
12 years$2,660$2,353$2,077$1,831$1,611$980
13 years$2,430$2,126$1,856$1,616$1,405$813
14 years$2,233$1,933$1,668$1,435$1,231$677
15 years$2,063$1,766$1,506$1,280$1,084$566
16 years$1,914$1,620$1,365$1,146$958$475
17 years$1,783$1,492$1,242$1,029$850$399
18 years$1,666$1,379$1,134$928$755$336
19 years$1,562$1,278$1,038$838$673$283
20 years$1,468$1,187$953$759$601$239
21 years$1,384$1,106$876$689$538$202
22 years$1,307$1,032$808$627$482$171
23 years$1,237$966$746$571$433$145
24 years$1,173$905$690$520$389$123
25 years$1,114$849$639$475$350$104
26 years$1,059$798$592$435$316$88
27 years$1,009$751$550$398$284$75
28 years$963$708$511$364$257$63
29 years$920$668$476$334$232$54
30 years$879$630$443$307$209$46
31 years$842$596$413$282$189$39
32 years$807$564$386$259$171$33
33 years$774$534$360$238$155$28
34 years$743$506$336$219$140$24
35 years$714$480$315$202$127$20
36 years$686$456$294$186$115$17
37 years$660$433$275$171$104$15
38 years$636$411$258$158$95$12
39 years$613$391$242$145$86$11
40 years$591$372$226$134$78$9
41 years$570$354$212$124$71$8
42 years$550$337$199$114$64$6
43 years$531$321$187$105$58$6
44 years$513$306$175$97$53$5
45 years$496$292$165$90$48$4
46 years$480$279$155$83$44$3
47 years$464$266$145$77$40$3
48 years$450$254$137$71$36$2
49 years$435$242$128$66$33$2
50 years$422$232$121$61$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $432,000, adding $4,235 every year, while hoping to spend $34,665 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: 64/8/28 Blend
71$432,000$432,000$432,000$432,000
72$480,432$457,536$450,840$507,357
73$492,553$443,072$429,060$511,630
74$504,749$426,738$405,389$512,102
75$516,989$408,404$379,726$511,864
76$529,243$387,937$351,967$510,853
77$541,470$365,191$322,003$508,997
78$553,630$340,015$289,720$506,222
79$565,674$312,249$254,999$502,445
80$577,546$281,723$217,715$497,577
81$589,186$248,257$177,739$491,523
82$600,525$211,663$134,934$484,179
83$611,483$171,740$89,160$475,433
84$621,976$128,276$40,267$465,161
85$631,904$81,049$0$453,233
86$641,159$29,821$0$443,064
87$649,620$0$0$444,009
88$657,150$0$0$446,166
89$663,599$0$0$450,168
90$668,796$0$0$453,272
91$672,556$0$0$455,343
92$674,668$0$0$456,234
93$674,901$0$0$455,782
94$672,998$0$0$453,803
95$668,673$0$0$450,095
96$661,607$0$0$444,435
97$651,450$0$0$436,572
98$637,811$0$0$426,232
99$620,259$0$0$413,109
100$598,314$0$0$396,865