Can I retire at age 72 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$38,482$38,139$37,805$37,478$37,159$36,424
2 years$19,050$18,696$18,352$18,018$17,695$16,957
3 years$12,574$12,218$11,875$11,545$11,226$10,509
4 years$9,337$8,981$8,642$8,317$8,007$7,316
5 years$7,395$7,042$6,706$6,388$6,087$5,424
6 years$6,100$5,750$5,420$5,109$4,816$4,182
7 years$5,176$4,829$4,504$4,200$3,917$3,312
8 years$4,484$4,139$3,820$3,524$3,249$2,673
9 years$3,945$3,604$3,290$3,001$2,736$2,189
10 years$3,514$3,177$2,868$2,587$2,332$1,812
11 years$3,162$2,828$2,525$2,252$2,005$1,512
12 years$2,869$2,538$2,241$1,975$1,738$1,272
13 years$2,621$2,294$2,002$1,744$1,515$1,075
14 years$2,409$2,085$1,799$1,548$1,328$913
15 years$2,225$1,905$1,624$1,380$1,170$778
16 years$2,065$1,748$1,473$1,236$1,034$665
17 years$1,923$1,609$1,340$1,110$917$571
18 years$1,797$1,487$1,223$1,001$815$490
19 years$1,685$1,378$1,120$904$726$422
20 years$1,584$1,281$1,028$819$649$364
21 years$1,493$1,193$945$743$581$314
22 years$1,410$1,114$871$676$520$272
23 years$1,334$1,042$804$615$467$235
24 years$1,265$976$744$561$420$204
25 years$1,201$916$689$513$378$177
26 years$1,143$861$639$469$340$153
27 years$1,089$810$593$429$307$133
28 years$1,039$763$552$393$277$115
29 years$992$720$513$360$250$100
30 years$949$680$478$331$226$87
31 years$908$643$446$304$204$76
32 years$870$608$416$279$185$66
33 years$835$576$388$257$167$57
34 years$801$546$363$236$151$50
35 years$770$518$339$217$137$43
36 years$740$491$317$200$124$38
37 years$712$467$297$185$113$33
38 years$686$444$278$170$102$29
39 years$661$422$261$157$93$25
40 years$637$401$244$145$84$22
41 years$615$382$229$133$76$19
42 years$593$364$215$123$69$16
43 years$573$347$202$114$63$14
44 years$554$330$189$105$57$12
45 years$535$315$178$97$52$11
46 years$518$301$167$90$47$9
47 years$501$287$157$83$43$8
48 years$485$274$147$76$39$7
49 years$470$262$138$71$35$6
50 years$455$250$130$65$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $466,000, adding $6,639 every year, while hoping to spend $40,510 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: 25/50/25 Blend
71$466,000$466,000$466,000$466,000
72$520,380$495,682$488,459$529,156
73$530,357$476,868$461,720$518,044
74$539,993$455,775$432,728$502,223
75$549,212$432,247$401,364$484,401
76$557,926$406,122$367,504$464,435
77$566,039$377,227$331,020$442,175
78$573,443$345,379$291,777$417,461
79$580,016$310,384$249,634$390,121
80$585,625$272,040$204,443$359,974
81$590,118$230,130$156,052$326,825
82$593,330$184,426$104,300$290,469
83$595,075$134,688$49,019$250,683
84$595,146$80,661$0$207,234
85$593,315$22,077$0$162,531
86$589,327$0$0$127,772
87$582,900$0$0$112,382
88$573,722$0$0$108,335
89$561,446$0$0$103,387
90$545,687$0$0$97,429
91$526,021$0$0$90,345
92$501,976$0$0$82,001
93$473,031$0$0$72,254
94$438,609$0$0$60,941
95$398,072$0$0$47,887
96$350,713$0$0$32,893
97$295,754$0$0$15,745
98$232,330$0$0$0
99$159,489$0$0$0
100$76,178$0$0$0