Can I retire at age 72 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$40,877$40,513$40,157$39,811$39,472$39,011
2 years$20,236$19,859$19,494$19,140$18,796$18,332
3 years$13,357$12,978$12,614$12,263$11,925$11,473
4 years$9,918$9,540$9,180$8,835$8,505$8,067
5 years$7,855$7,480$7,124$6,786$6,465$6,044
6 years$6,480$6,108$5,757$5,427$5,116$4,711
7 years$5,498$5,129$4,784$4,462$4,161$3,773
8 years$4,763$4,397$4,057$3,743$3,452$3,080
9 years$4,190$3,828$3,495$3,188$2,907$2,552
10 years$3,733$3,374$3,047$2,748$2,477$2,139
11 years$3,359$3,004$2,682$2,392$2,130$1,808
12 years$3,048$2,696$2,380$2,098$1,846$1,540
13 years$2,784$2,437$2,127$1,852$1,610$1,319
14 years$2,559$2,215$1,911$1,644$1,411$1,135
15 years$2,364$2,023$1,725$1,466$1,242$981
16 years$2,193$1,856$1,564$1,313$1,098$851
17 years$2,043$1,710$1,423$1,180$974$740
18 years$1,909$1,580$1,299$1,063$866$645
19 years$1,790$1,464$1,189$961$772$564
20 years$1,682$1,360$1,092$870$689$493
21 years$1,585$1,267$1,004$790$617$432
22 years$1,497$1,183$925$718$553$380
23 years$1,417$1,106$854$654$496$334
24 years$1,344$1,037$790$596$446$294
25 years$1,276$973$732$545$401$259
26 years$1,214$914$679$498$362$228
27 years$1,157$860$630$456$326$201
28 years$1,103$811$586$418$294$177
29 years$1,054$765$545$383$266$157
30 years$1,008$722$508$351$240$138
31 years$965$683$474$323$217$122
32 years$924$646$442$297$196$108
33 years$886$612$413$273$178$96
34 years$851$580$385$251$161$85
35 years$818$550$360$231$146$75
36 years$786$522$337$213$132$66
37 years$756$496$316$196$120$59
38 years$728$471$295$181$108$52
39 years$702$448$277$167$98$46
40 years$677$426$259$154$89$41
41 years$653$406$243$142$81$36
42 years$630$386$228$131$73$32
43 years$609$368$214$121$67$28
44 years$588$351$201$112$60$25
45 years$569$335$189$103$55$22
46 years$550$319$177$95$50$20
47 years$532$305$167$88$45$17
48 years$515$291$157$81$41$15
49 years$499$278$147$75$37$14
50 years$483$265$138$69$34$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $495,000, adding $2,436 every year, while hoping to spend $27,365 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: 46/42/12 Blend
71$495,000$495,000$495,000$495,000
72$548,003$521,768$514,095$571,252
73$574,783$518,218$502,201$584,051
74$603,377$513,578$488,992$594,929
75$633,943$507,764$474,394$606,119
76$666,649$500,689$458,331$617,659
77$701,686$492,261$440,723$629,595
78$739,258$482,381$421,487$641,977
79$779,591$470,947$400,536$654,863
80$822,933$457,848$377,778$668,319
81$869,557$442,967$353,118$682,421
82$919,761$426,181$326,457$697,252
83$973,874$407,361$297,690$712,910
84$1,032,255$386,368$266,708$729,503
85$1,095,301$363,056$233,399$747,152
86$1,163,447$337,271$197,643$765,998
87$1,237,171$308,850$159,317$786,193
88$1,317,000$277,620$118,291$807,914
89$1,403,510$243,400$74,430$831,356
90$1,497,338$205,997$27,594$856,739
91$1,599,183$165,207$0$884,310
92$1,709,813$120,815$0$917,212
93$1,830,074$72,595$0$956,843
94$1,960,896$20,307$0$1,000,032
95$2,103,303$0$0$1,047,188
96$2,258,420$0$0$1,115,540
97$2,427,488$0$0$1,200,321
98$2,611,871$0$0$1,292,836
99$2,813,069$0$0$1,393,845
100$3,032,734$0$0$1,504,186