Can I retire at age 72 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$40,299$39,940$39,589$39,248$38,914$38,269
2 years$19,950$19,578$19,218$18,869$18,530$17,883
3 years$13,168$12,795$12,435$12,090$11,756$11,126
4 years$9,777$9,405$9,050$8,710$8,385$7,776
5 years$7,744$7,374$7,023$6,690$6,374$5,789
6 years$6,388$6,021$5,676$5,350$5,044$4,484
7 years$5,421$5,057$4,716$4,399$4,102$3,566
8 years$4,695$4,335$4,000$3,690$3,403$2,892
9 years$4,131$3,774$3,445$3,143$2,866$2,379
10 years$3,680$3,327$3,004$2,709$2,442$1,979
11 years$3,312$2,961$2,644$2,358$2,100$1,661
12 years$3,005$2,658$2,347$2,068$1,820$1,403
13 years$2,745$2,402$2,097$1,826$1,587$1,193
14 years$2,523$2,183$1,884$1,621$1,391$1,018
15 years$2,330$1,995$1,701$1,445$1,225$873
16 years$2,162$1,830$1,542$1,294$1,082$751
17 years$2,014$1,685$1,403$1,163$960$647
18 years$1,882$1,557$1,281$1,048$853$560
19 years$1,764$1,443$1,173$947$761$485
20 years$1,659$1,341$1,076$858$679$420
21 years$1,563$1,249$990$778$608$365
22 years$1,476$1,166$912$708$545$318
23 years$1,397$1,091$842$645$489$277
24 years$1,325$1,022$779$588$440$241
25 years$1,258$959$722$537$396$210
26 years$1,197$901$669$491$356$184
27 years$1,140$848$621$449$321$160
28 years$1,088$799$578$412$290$140
29 years$1,039$754$538$378$262$123
30 years$993$712$501$346$237$107
31 years$951$673$467$318$214$94
32 years$911$637$436$292$193$82
33 years$874$603$407$269$175$72
34 years$839$572$380$247$159$63
35 years$806$542$355$228$144$55
36 years$775$515$332$210$130$48
37 years$746$489$311$193$118$42
38 years$718$465$291$178$107$37
39 years$692$442$273$164$97$33
40 years$667$420$256$152$88$29
41 years$644$400$240$140$80$25
42 years$621$381$225$129$72$22
43 years$600$363$211$119$66$19
44 years$580$346$198$110$60$17
45 years$561$330$186$102$54$15
46 years$542$315$175$94$49$13
47 years$525$300$164$87$45$11
48 years$508$287$154$80$41$10
49 years$492$274$145$74$37$9
50 years$476$262$136$68$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $488,000, adding $3,201 every year, while hoping to spend $40,365 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: 60/24/16 Blend
71$488,000$488,000$488,000$488,000
72$541,078$515,214$507,650$571,157
73$553,320$497,511$481,708$574,127
74$565,457$477,588$453,544$572,586
75$577,438$455,294$423,042$569,960
76$589,201$430,467$390,078$566,149
77$600,678$402,940$354,525$561,045
78$611,795$372,532$316,249$554,531
79$622,467$339,054$275,112$546,479
80$632,597$302,306$230,966$536,753
81$642,079$262,076$183,661$525,204
82$650,795$218,142$133,038$511,671
83$658,611$170,266$78,930$495,979
84$665,380$118,200$21,165$477,938
85$670,937$61,679$0$457,345
86$675,097$426$0$440,887
87$677,657$0$0$425,717
88$678,390$0$0$425,381
89$677,043$0$0$423,761
90$673,337$0$0$420,558
91$666,960$0$0$415,565
92$657,569$0$0$408,555
93$644,782$0$0$399,273
94$628,174$0$0$387,440
95$607,278$0$0$372,744
96$581,573$0$0$354,841
97$550,486$0$0$333,351
98$513,380$0$0$307,852
99$469,552$0$0$277,878
100$418,223$0$0$242,912