Can I retire at age 72 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$39,473$39,121$38,778$38,443$38,116$37,165
2 years$19,541$19,177$18,824$18,482$18,151$17,198
3 years$12,898$12,532$12,181$11,842$11,516$10,592
4 years$9,577$9,213$8,864$8,531$8,213$7,325
5 years$7,585$7,223$6,879$6,553$6,243$5,393
6 years$6,257$5,898$5,559$5,240$4,940$4,129
7 years$5,310$4,953$4,620$4,308$4,018$3,246
8 years$4,599$4,246$3,918$3,614$3,333$2,600
9 years$4,047$3,697$3,375$3,079$2,807$2,112
10 years$3,605$3,258$2,942$2,654$2,392$1,735
11 years$3,244$2,901$2,590$2,310$2,057$1,436
12 years$2,943$2,604$2,299$2,026$1,782$1,197
13 years$2,689$2,353$2,054$1,788$1,554$1,003
14 years$2,471$2,139$1,845$1,588$1,363$845
15 years$2,283$1,954$1,666$1,416$1,200$714
16 years$2,118$1,793$1,510$1,268$1,060$605
17 years$1,972$1,651$1,374$1,139$940$514
18 years$1,843$1,525$1,255$1,027$836$437
19 years$1,728$1,414$1,149$928$745$373
20 years$1,625$1,314$1,054$840$665$318
21 years$1,531$1,224$970$762$596$272
22 years$1,446$1,142$894$693$534$233
23 years$1,368$1,068$825$631$479$200
24 years$1,298$1,001$763$576$431$171
25 years$1,232$939$707$526$388$147
26 years$1,172$883$656$481$349$126
27 years$1,117$831$609$440$315$108
28 years$1,065$783$566$403$284$93
29 years$1,018$739$527$370$256$80
30 years$973$698$491$339$232$69
31 years$931$659$457$312$209$59
32 years$893$624$427$286$190$51
33 years$856$591$398$263$172$44
34 years$822$560$372$242$155$38
35 years$790$531$348$223$141$32
36 years$759$504$326$205$127$28
37 years$731$479$305$189$115$24
38 years$703$455$285$174$105$21
39 years$678$433$267$161$95$18
40 years$654$412$251$148$86$15
41 years$630$392$235$137$78$13
42 years$609$373$220$126$71$11
43 years$588$356$207$117$64$10
44 years$568$339$194$108$58$8
45 years$549$323$182$99$53$7
46 years$531$308$171$92$48$6
47 years$514$294$161$85$44$5
48 years$497$281$151$78$40$5
49 years$482$268$142$72$36$4
50 years$467$256$134$67$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $478,000, adding $4,028 every year, while hoping to spend $21,870 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: 27/50/23 Blend
71$478,000$478,000$478,000$478,000
72$530,911$505,577$498,168$541,311
73$561,794$507,081$491,587$551,363
74$595,095$507,925$484,053$559,967
75$631,036$508,055$475,510$568,743
76$669,863$507,411$465,901$577,721
77$711,846$505,931$455,166$586,933
78$757,282$503,549$443,241$596,417
79$806,496$500,194$430,061$606,219
80$859,847$495,792$415,556$616,389
81$917,729$490,264$399,655$626,986
82$980,576$483,525$382,282$638,078
83$1,048,864$475,487$363,358$649,740
84$1,123,117$466,056$342,800$662,059
85$1,203,914$455,131$320,523$675,136
86$1,291,889$442,608$296,435$689,081
87$1,387,740$428,374$270,444$704,022
88$1,492,236$412,311$242,451$720,103
89$1,606,224$394,294$212,353$737,484
90$1,730,634$374,190$180,042$756,348
91$1,866,493$351,859$145,407$776,900
92$2,014,928$327,153$108,331$799,371
93$2,177,182$299,915$68,692$824,018
94$2,354,623$269,980$26,362$851,132
95$2,548,757$237,171$0$881,037
96$2,761,243$201,305$0$918,714
97$2,993,906$162,186$0$967,156
98$3,248,758$119,607$0$1,020,377
99$3,528,014$73,349$0$1,078,922
100$3,834,111$23,184$0$1,143,394