Can I retire at age 72 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$39,886$39,530$39,184$38,845$38,515$38,192
2 years$19,745$19,378$19,021$18,676$18,341$18,015
3 years$13,033$12,664$12,308$11,966$11,636$11,318
4 years$9,677$9,309$8,957$8,621$8,299$7,991
5 years$7,664$7,298$6,951$6,621$6,309$6,012
6 years$6,323$5,960$5,617$5,295$4,992$4,706
7 years$5,365$5,005$4,668$4,354$4,060$3,786
8 years$4,647$4,290$3,959$3,652$3,368$3,105
9 years$4,089$3,735$3,410$3,111$2,836$2,585
10 years$3,643$3,293$2,973$2,681$2,417$2,176
11 years$3,278$2,931$2,617$2,334$2,078$1,849
12 years$2,974$2,631$2,323$2,047$1,801$1,583
13 years$2,717$2,378$2,075$1,807$1,571$1,363
14 years$2,497$2,161$1,865$1,604$1,377$1,179
15 years$2,306$1,974$1,683$1,431$1,212$1,024
16 years$2,140$1,811$1,526$1,281$1,071$893
17 years$1,993$1,668$1,389$1,151$950$781
18 years$1,863$1,541$1,268$1,037$845$685
19 years$1,746$1,429$1,161$937$753$602
20 years$1,642$1,328$1,065$849$672$530
21 years$1,547$1,237$980$770$602$467
22 years$1,461$1,154$903$700$539$413
23 years$1,383$1,080$834$638$484$365
24 years$1,311$1,011$771$582$435$323
25 years$1,245$949$714$531$392$286
26 years$1,185$892$662$486$353$254
27 years$1,128$840$615$445$318$225
28 years$1,077$791$572$407$287$200
29 years$1,028$746$532$374$259$178
30 years$983$705$496$343$234$158
31 years$941$666$462$315$212$141
32 years$902$630$431$289$191$125
33 years$865$597$403$266$173$112
34 years$830$566$376$245$157$99
35 years$798$537$352$225$142$88
36 years$767$509$329$208$129$79
37 years$738$484$308$191$117$70
38 years$711$460$288$176$106$63
39 years$685$437$270$163$96$56
40 years$660$416$253$150$87$50
41 years$637$396$237$138$79$44
42 years$615$377$223$128$72$40
43 years$594$359$209$118$65$35
44 years$574$343$196$109$59$32
45 years$555$327$184$101$54$28
46 years$537$312$173$93$49$25
47 years$519$297$163$86$44$22
48 years$503$284$153$79$40$20
49 years$487$271$144$73$36$18
50 years$472$259$135$68$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $483,000, adding $3,756 every year, while hoping to spend $28,272 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: 40/36/24 Blend
71$483,000$483,000$483,000$483,000
72$536,140$510,541$503,055$553,652
73$560,745$505,477$489,826$561,561
74$586,913$499,216$475,206$567,168
75$614,772$491,672$459,120$572,674
76$644,464$482,749$441,486$578,086
77$676,145$472,350$422,221$583,415
78$709,985$460,368$401,239$588,673
79$746,170$446,692$378,447$593,879
80$784,904$431,205$353,750$599,055
81$826,412$413,782$327,048$604,227
82$870,940$394,291$298,238$609,429
83$918,756$372,592$267,210$614,699
84$970,158$348,538$233,850$620,085
85$1,025,470$321,972$198,040$625,640
86$1,085,049$292,730$159,655$631,430
87$1,149,287$260,636$118,566$637,529
88$1,218,615$225,508$74,639$644,024
89$1,293,505$187,149$27,730$651,015
90$1,374,478$145,354$0$658,617
91$1,462,104$99,906$0$672,679
92$1,557,012$50,576$0$695,585
93$1,659,893$0$0$720,437
94$1,771,506$0$0$748,616
95$1,892,685$0$0$801,016
96$2,024,351$0$0$858,005
97$2,167,512$0$0$920,030
98$2,323,281$0$0$987,577
99$2,492,882$0$0$1,061,186
100$2,677,659$0$0$1,141,449