Can I retire at age 72 with 493,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $493,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$40,711$40,349$39,995$39,650$39,313$39,016
2 years$20,154$19,779$19,415$19,062$18,720$18,421
3 years$13,303$12,926$12,563$12,213$11,877$11,585
4 years$9,878$9,502$9,143$8,799$8,471$8,187
5 years$7,823$7,449$7,095$6,759$6,439$6,166
6 years$6,454$6,083$5,734$5,405$5,095$4,832
7 years$5,476$5,109$4,765$4,444$4,144$3,891
8 years$4,743$4,379$4,041$3,728$3,438$3,195
9 years$4,174$3,813$3,480$3,175$2,895$2,663
10 years$3,718$3,361$3,034$2,737$2,467$2,245
11 years$3,346$2,992$2,671$2,382$2,121$1,910
12 years$3,035$2,685$2,371$2,089$1,838$1,636
13 years$2,773$2,427$2,118$1,845$1,603$1,411
14 years$2,549$2,206$1,903$1,637$1,405$1,222
15 years$2,354$2,015$1,718$1,460$1,237$1,064
16 years$2,184$1,849$1,558$1,308$1,094$929
17 years$2,034$1,703$1,418$1,175$970$813
18 years$1,901$1,573$1,294$1,059$862$714
19 years$1,782$1,458$1,185$957$768$628
20 years$1,676$1,355$1,087$866$686$554
21 years$1,579$1,262$1,000$786$614$489
22 years$1,491$1,178$922$715$551$433
23 years$1,411$1,102$851$651$494$383
24 years$1,338$1,032$787$594$444$340
25 years$1,271$969$729$542$400$302
26 years$1,209$911$676$496$360$268
27 years$1,152$857$628$454$325$238
28 years$1,099$808$584$416$293$212
29 years$1,049$762$543$381$264$189
30 years$1,004$719$506$350$239$168
31 years$961$680$472$321$216$150
32 years$921$644$440$295$195$133
33 years$883$609$411$272$177$119
34 years$848$578$384$250$160$106
35 years$814$548$359$230$145$95
36 years$783$520$336$212$131$85
37 years$753$494$314$195$119$75
38 years$726$469$294$180$108$67
39 years$699$446$276$166$98$60
40 years$674$425$258$153$89$54
41 years$650$404$242$141$81$48
42 years$628$385$227$130$73$43
43 years$606$367$213$120$66$38
44 years$586$350$200$111$60$34
45 years$566$333$188$103$55$31
46 years$548$318$177$95$50$27
47 years$530$303$166$88$45$24
48 years$513$290$156$81$41$22
49 years$497$277$147$75$37$20
50 years$481$264$138$69$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $493,000, adding $2,641 every year, while hoping to spend $32,162 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: 58/37/5 Blend
71$493,000$493,000$493,000$493,000
72$546,010$519,881$512,240$577,024
73$567,483$511,135$495,180$589,390
74$590,068$500,883$476,470$598,965
75$613,845$489,016$456,022$608,587
76$638,901$475,421$433,742$618,264
77$665,329$459,977$409,532$628,004
78$693,232$442,555$383,291$637,817
79$722,723$423,022$354,913$647,718
80$753,923$401,232$324,285$657,723
81$786,967$377,036$291,292$667,852
82$821,999$350,273$255,812$678,132
83$859,180$320,773$217,718$688,590
84$898,683$288,358$176,879$699,264
85$940,700$252,838$133,155$710,193
86$985,438$214,014$86,403$721,427
87$1,033,126$171,675$36,471$733,021
88$1,084,015$125,596$0$745,041
89$1,138,377$75,544$0$758,460
90$1,196,515$21,268$0$774,601
91$1,258,755$0$0$791,626
92$1,325,461$0$0$824,922
93$1,397,027$0$0$869,964
94$1,473,889$0$0$918,367
95$1,556,523$0$0$970,438
96$1,645,454$0$0$1,026,509
97$1,741,255$0$0$1,086,947
98$1,844,559$0$0$1,152,156
99$1,956,059$0$0$1,222,578
100$2,076,519$0$0$1,298,700