Can I retire at age 72 with 505,000?

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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$41,702$41,331$40,969$40,615$40,269$40,083
2 years$20,645$20,260$19,888$19,526$19,176$18,988
3 years$13,626$13,240$12,869$12,511$12,166$11,982
4 years$10,118$9,733$9,365$9,013$8,677$8,498
5 years$8,013$7,631$7,268$6,923$6,596$6,423
6 years$6,611$6,231$5,873$5,536$5,219$5,053
7 years$5,609$5,233$4,881$4,552$4,245$4,084
8 years$4,859$4,486$4,139$3,818$3,521$3,368
9 years$4,275$3,905$3,565$3,252$2,965$2,818
10 years$3,809$3,442$3,108$2,804$2,527$2,385
11 years$3,427$3,065$2,736$2,440$2,173$2,038
12 years$3,109$2,751$2,428$2,140$1,883$1,754
13 years$2,841$2,486$2,170$1,889$1,642$1,519
14 years$2,611$2,260$1,949$1,677$1,439$1,322
15 years$2,411$2,064$1,760$1,496$1,267$1,156
16 years$2,237$1,894$1,596$1,339$1,120$1,014
17 years$2,084$1,744$1,452$1,203$993$892
18 years$1,948$1,612$1,326$1,085$883$787
19 years$1,826$1,494$1,214$980$787$696
20 years$1,716$1,388$1,114$888$703$617
21 years$1,617$1,293$1,024$805$629$548
22 years$1,528$1,207$944$732$564$487
23 years$1,446$1,129$872$667$506$434
24 years$1,371$1,058$806$608$455$387
25 years$1,302$992$747$556$409$345
26 years$1,239$933$693$508$369$308
27 years$1,180$878$643$465$333$275
28 years$1,126$827$598$426$300$246
29 years$1,075$780$556$391$271$221
30 years$1,028$737$518$359$245$198
31 years$984$697$483$329$221$177
32 years$943$659$451$303$200$159
33 years$904$624$421$278$181$142
34 years$868$592$393$256$164$128
35 years$834$561$368$236$149$115
36 years$802$533$344$217$135$103
37 years$772$506$322$200$122$92
38 years$743$481$301$184$111$83
39 years$716$457$282$170$100$75
40 years$690$435$265$157$91$67
41 years$666$414$248$145$83$60
42 years$643$394$233$133$75$54
43 years$621$376$218$123$68$49
44 years$600$358$205$114$62$44
45 years$580$341$193$105$56$39
46 years$561$326$181$97$51$35
47 years$543$311$170$90$46$32
48 years$526$297$160$83$42$29
49 years$509$283$150$77$38$26
50 years$493$271$141$71$35$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $505,000, adding $4,597 every year, while hoping to spend $44,628 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: 64/25/11 Blend
71$505,000$505,000$505,000$505,000
72$561,252$534,487$526,659$595,497
73$571,016$513,193$496,819$597,648
74$580,280$489,360$464,482$594,377
75$588,946$462,816$429,520$589,678
76$596,904$433,380$391,795$583,412
77$604,033$400,860$351,165$575,426
78$610,196$365,053$307,480$565,553
79$615,240$325,746$260,585$553,613
80$618,998$282,710$210,318$539,409
81$621,280$235,707$156,508$522,725
82$621,878$184,485$98,978$503,330
83$620,560$128,775$37,544$480,966
84$617,067$68,295$0$455,358
85$611,115$2,748$0$429,491
86$602,385$0$0$404,663
87$590,527$0$0$394,883
88$575,150$0$0$383,358
89$555,822$0$0$369,024
90$532,067$0$0$351,546
91$503,354$0$0$330,549
92$469,099$0$0$305,619
93$428,653$0$0$276,298
94$381,300$0$0$242,082
95$326,249$0$0$202,410
96$262,623$0$0$156,663
97$189,455$0$0$104,160
98$105,675$0$0$44,144
99$10,102$0$0$0
100$0$0$0$0