Can I retire at age 72 with 453,000?

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 $453,000?

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$37,408$37,075$36,750$36,433$36,123$35,925
2 years$18,519$18,174$17,840$17,516$17,201$17,002
3 years$12,223$11,877$11,544$11,222$10,913$10,718
4 years$9,076$8,731$8,401$8,085$7,783$7,594
5 years$7,188$6,845$6,519$6,210$5,917$5,734
6 years$5,930$5,590$5,269$4,966$4,682$4,506
7 years$5,032$4,694$4,378$4,083$3,808$3,638
8 years$4,358$4,024$3,713$3,425$3,159$2,996
9 years$3,835$3,503$3,198$2,918$2,660$2,504
10 years$3,416$3,088$2,788$2,515$2,267$2,118
11 years$3,074$2,749$2,455$2,189$1,949$1,807
12 years$2,789$2,467$2,178$1,920$1,689$1,553
13 years$2,548$2,230$1,946$1,695$1,473$1,343
14 years$2,342$2,027$1,749$1,505$1,291$1,168
15 years$2,163$1,852$1,579$1,342$1,137$1,019
16 years$2,007$1,699$1,431$1,201$1,005$893
17 years$1,869$1,565$1,303$1,079$891$785
18 years$1,747$1,446$1,189$973$792$692
19 years$1,638$1,340$1,089$879$706$611
20 years$1,540$1,245$999$796$631$541
21 years$1,451$1,160$919$723$564$479
22 years$1,370$1,083$847$657$506$425
23 years$1,297$1,012$782$598$454$378
24 years$1,230$949$723$546$408$337
25 years$1,168$890$670$498$367$300
26 years$1,111$837$621$456$331$267
27 years$1,058$787$577$417$298$239
28 years$1,010$742$536$382$269$213
29 years$964$700$499$350$243$191
30 years$922$661$465$322$220$170
31 years$883$625$433$295$199$152
32 years$846$591$404$271$180$136
33 years$811$560$378$250$163$122
34 years$779$531$353$230$147$109
35 years$748$503$330$211$133$98
36 years$719$478$309$195$121$88
37 years$692$454$289$179$109$79
38 years$667$431$270$165$99$71
39 years$642$410$253$152$90$63
40 years$619$390$237$141$82$57
41 years$597$371$223$130$74$51
42 years$577$354$209$120$67$46
43 years$557$337$196$111$61$41
44 years$538$321$184$102$55$37
45 years$520$306$173$94$50$33
46 years$503$292$162$87$46$30
47 years$487$279$152$80$41$27
48 years$471$266$143$74$38$24
49 years$457$254$135$69$34$22
50 years$442$243$127$63$31$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $453,000, adding $5,838 every year, while hoping to spend $31,363 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: 76/17/7 Blend
71$453,000$453,000$453,000$453,000
72$505,228$481,219$474,197$542,729
73$523,391$471,429$456,713$558,404
74$542,356$460,107$437,592$570,978
75$562,171$447,147$416,746$583,850
76$582,888$432,434$394,083$597,037
77$604,566$415,846$369,507$610,557
78$627,264$397,254$342,918$624,433
79$651,050$376,525$314,211$638,689
80$675,996$353,514$283,276$653,352
81$702,180$328,069$249,999$668,452
82$729,688$300,030$214,259$684,024
83$758,613$269,227$175,933$700,106
84$789,054$235,482$134,890$716,740
85$821,121$198,605$90,993$733,976
86$854,935$158,396$44,100$751,867
87$890,624$114,643$0$770,474
88$928,331$67,124$0$790,309
89$968,211$15,603$0$814,547
90$1,010,431$0$0$839,989
91$1,055,177$0$0$874,256
92$1,102,650$0$0$913,718
93$1,153,071$0$0$955,638
94$1,206,680$0$0$1,000,219
95$1,263,740$0$0$1,047,681
96$1,324,542$0$0$1,098,265
97$1,389,399$0$0$1,152,236
98$1,458,660$0$0$1,209,884
99$1,532,703$0$0$1,271,526
100$1,611,944$0$0$1,337,509