Can I retire at age 72 with 447,000?

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 $447,000?

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$36,913$36,584$36,263$35,950$35,644$35,479
2 years$18,274$17,933$17,604$17,284$16,974$16,807
3 years$12,061$11,720$11,391$11,074$10,769$10,606
4 years$8,956$8,615$8,289$7,978$7,680$7,522
5 years$7,093$6,754$6,433$6,128$5,838$5,686
6 years$5,852$5,515$5,199$4,901$4,620$4,472
7 years$4,965$4,632$4,320$4,029$3,757$3,615
8 years$4,301$3,970$3,664$3,380$3,117$2,981
9 years$3,784$3,457$3,156$2,879$2,625$2,494
10 years$3,371$3,047$2,751$2,482$2,237$2,112
11 years$3,033$2,713$2,422$2,160$1,923$1,804
12 years$2,752$2,435$2,150$1,894$1,667$1,553
13 years$2,514$2,200$1,921$1,672$1,454$1,345
14 years$2,311$2,000$1,726$1,485$1,274$1,170
15 years$2,135$1,827$1,558$1,324$1,122$1,023
16 years$1,980$1,676$1,413$1,186$992$898
17 years$1,845$1,544$1,285$1,065$879$790
18 years$1,724$1,427$1,173$960$782$697
19 years$1,616$1,322$1,074$867$697$616
20 years$1,519$1,229$986$786$622$546
21 years$1,432$1,144$907$713$557$485
22 years$1,352$1,068$836$648$499$431
23 years$1,280$999$772$590$448$384
24 years$1,213$936$714$538$403$342
25 years$1,152$878$661$492$362$305
26 years$1,096$826$613$450$326$273
27 years$1,044$777$569$412$294$244
28 years$996$732$529$377$266$218
29 years$952$691$492$346$240$195
30 years$910$652$459$317$217$175
31 years$871$617$428$291$196$157
32 years$835$583$399$268$177$140
33 years$801$553$373$246$160$126
34 years$768$524$348$227$145$113
35 years$738$497$325$209$132$101
36 years$710$471$304$192$119$91
37 years$683$448$285$177$108$82
38 years$658$426$267$163$98$73
39 years$634$405$250$150$89$66
40 years$611$385$234$139$81$59
41 years$590$366$220$128$73$53
42 years$569$349$206$118$66$48
43 years$550$333$193$109$60$43
44 years$531$317$182$101$55$39
45 years$513$302$170$93$50$35
46 years$497$288$160$86$45$31
47 years$481$275$150$79$41$28
48 years$465$263$141$73$37$25
49 years$450$251$133$68$34$23
50 years$436$240$125$63$31$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $447,000, adding $2,432 every year, while hoping to spend $28,816 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: 44/43/13 Blend
71$447,000$447,000$447,000$447,000
72$495,103$471,412$464,483$514,934
73$514,943$463,851$449,383$521,447
74$535,841$454,954$432,812$525,409
75$557,875$444,624$414,689$529,068
76$581,129$432,761$394,932$532,410
77$605,695$419,257$373,452$535,419
78$631,673$403,998$350,160$538,080
79$659,172$386,863$324,960$540,378
80$688,314$367,725$297,752$542,302
81$719,228$346,450$268,432$543,840
82$752,058$322,894$236,893$544,983
83$786,959$296,907$203,021$545,723
84$824,103$268,331$166,696$546,055
85$863,678$236,995$127,797$545,979
86$905,888$202,722$86,193$545,495
87$950,958$165,325$41,750$544,611
88$999,134$124,605$0$543,336
89$1,050,687$80,351$0$542,475
90$1,105,911$32,343$0$547,496
91$1,165,132$0$0$552,652
92$1,228,706$0$0$567,304
93$1,297,023$0$0$599,533
94$1,370,513$0$0$634,242
95$1,449,646$0$0$671,658
96$1,534,940$0$0$712,031
97$1,626,963$0$0$755,636
98$1,726,340$0$0$802,774
99$1,833,756$0$0$853,778
100$1,949,965$0$0$909,011