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%17.2%
1 years$40,877$40,513$40,157$39,811$39,472$38,316
2 years$20,236$19,859$19,494$19,140$18,796$17,641
3 years$13,357$12,978$12,614$12,263$11,925$10,807
4 years$9,918$9,540$9,180$8,835$8,505$7,432
5 years$7,855$7,480$7,124$6,786$6,465$5,441
6 years$6,480$6,108$5,757$5,427$5,116$4,141
7 years$5,498$5,129$4,784$4,462$4,161$3,235
8 years$4,763$4,397$4,057$3,743$3,452$2,575
9 years$4,190$3,828$3,495$3,188$2,907$2,078
10 years$3,733$3,374$3,047$2,748$2,477$1,694
11 years$3,359$3,004$2,682$2,392$2,130$1,393
12 years$3,048$2,696$2,380$2,098$1,846$1,153
13 years$2,784$2,437$2,127$1,852$1,610$959
14 years$2,559$2,215$1,911$1,644$1,411$801
15 years$2,364$2,023$1,725$1,466$1,242$672
16 years$2,193$1,856$1,564$1,313$1,098$565
17 years$2,043$1,710$1,423$1,180$974$476
18 years$1,909$1,580$1,299$1,063$866$402
19 years$1,790$1,464$1,189$961$772$340
20 years$1,682$1,360$1,092$870$689$288
21 years$1,585$1,267$1,004$790$617$244
22 years$1,497$1,183$925$718$553$207
23 years$1,417$1,106$854$654$496$176
24 years$1,344$1,037$790$596$446$149
25 years$1,276$973$732$545$401$127
26 years$1,214$914$679$498$362$108
27 years$1,157$860$630$456$326$92
28 years$1,103$811$586$418$294$78
29 years$1,054$765$545$383$266$67
30 years$1,008$722$508$351$240$57
31 years$965$683$474$323$217$48
32 years$924$646$442$297$196$41
33 years$886$612$413$273$178$35
34 years$851$580$385$251$161$30
35 years$818$550$360$231$146$26
36 years$786$522$337$213$132$22
37 years$756$496$316$196$120$19
38 years$728$471$295$181$108$16
39 years$702$448$277$167$98$14
40 years$677$426$259$154$89$12
41 years$653$406$243$142$81$10
42 years$630$386$228$131$73$8
43 years$609$368$214$121$67$7
44 years$588$351$201$112$60$6
45 years$569$335$189$103$55$5
46 years$550$319$177$95$50$4
47 years$532$305$167$88$45$4
48 years$515$291$157$81$41$3
49 years$499$278$147$75$37$3
50 years$483$265$138$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $495,000, adding $6,408 every year, while hoping to spend $45,828 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: 76/8/16 Blend
71$495,000$495,000$495,000$495,000
72$552,100$525,865$518,192$591,640
73$559,653$502,872$486,791$595,650
74$566,441$477,216$452,802$593,695
75$572,338$448,718$416,090$590,308
76$577,201$417,190$376,514$585,333
77$580,874$382,432$333,926$578,597
78$583,184$344,231$288,173$569,911
79$583,935$302,365$239,093$559,066
80$582,913$256,598$186,520$545,837
81$579,878$206,679$130,276$529,971
82$574,566$152,346$70,180$511,195
83$566,681$93,320$6,040$489,208
84$555,897$29,308$0$463,678
85$541,852$0$0$444,898
86$524,147$0$0$427,127
87$502,337$0$0$408,487
88$475,932$0$0$385,987
89$444,387$0$0$359,170
90$407,102$0$0$327,533
91$363,411$0$0$290,519
92$312,580$0$0$247,510
93$253,795$0$0$197,827
94$186,158$0$0$140,716
95$108,677$0$0$75,344
96$20,253$0$0$794
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0