Can I retire at age 72 with 474,000?

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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$39,142$38,794$38,454$38,122$37,797$37,202
2 years$19,377$19,017$18,667$18,328$17,999$17,400
3 years$12,790$12,428$12,079$11,743$11,419$10,836
4 years$9,497$9,136$8,790$8,460$8,144$7,582
5 years$7,522$7,162$6,822$6,498$6,191$5,650
6 years$6,205$5,849$5,513$5,197$4,899$4,381
7 years$5,265$4,912$4,581$4,272$3,984$3,488
8 years$4,560$4,210$3,885$3,584$3,305$2,832
9 years$4,013$3,666$3,346$3,053$2,783$2,333
10 years$3,575$3,231$2,917$2,632$2,372$1,943
11 years$3,217$2,877$2,568$2,290$2,040$1,632
12 years$2,918$2,582$2,279$2,009$1,768$1,381
13 years$2,666$2,333$2,037$1,773$1,541$1,175
14 years$2,450$2,121$1,830$1,574$1,351$1,005
15 years$2,263$1,937$1,652$1,404$1,190$862
16 years$2,100$1,778$1,498$1,257$1,051$743
17 years$1,956$1,637$1,363$1,130$932$641
18 years$1,828$1,513$1,244$1,018$829$555
19 years$1,714$1,402$1,139$920$739$482
20 years$1,611$1,303$1,045$833$660$418
21 years$1,518$1,213$962$756$591$364
22 years$1,434$1,133$886$687$529$317
23 years$1,357$1,059$818$626$475$277
24 years$1,287$993$757$571$427$242
25 years$1,222$932$701$521$384$211
26 years$1,163$875$650$477$346$185
27 years$1,107$824$604$436$312$161
28 years$1,056$776$561$400$282$141
29 years$1,009$732$522$367$254$124
30 years$965$692$486$337$230$108
31 years$924$654$453$309$208$95
32 years$885$619$423$284$188$83
33 years$849$586$395$261$170$73
34 years$815$555$369$240$154$64
35 years$783$527$345$221$139$56
36 years$753$500$323$204$126$49
37 years$724$475$302$188$115$43
38 years$698$451$283$173$104$38
39 years$672$429$265$160$94$33
40 years$648$408$248$147$85$29
41 years$625$389$233$136$77$26
42 years$603$370$219$125$70$23
43 years$583$353$205$116$64$20
44 years$563$336$193$107$58$17
45 years$544$321$181$99$53$15
46 years$527$306$170$91$48$13
47 years$510$292$159$84$43$12
48 years$493$279$150$78$39$10
49 years$478$266$141$72$36$9
50 years$463$254$132$66$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $474,000, adding $2,063 every year, while hoping to spend $33,535 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: 48/45/7 Blend
71$474,000$474,000$474,000$474,000
72$524,476$499,354$492,007$548,585
73$542,292$488,141$472,808$554,100
74$560,800$475,255$451,842$556,374
75$580,038$460,579$429,015$558,055
76$600,041$443,987$404,227$559,098
77$620,852$425,348$377,375$559,456
78$642,513$404,524$348,350$559,077
79$665,070$381,367$317,042$557,909
80$688,575$355,722$283,330$555,897
81$713,081$327,424$247,093$552,982
82$738,646$296,298$208,201$549,104
83$765,333$262,161$166,521$544,200
84$793,209$224,819$121,911$538,203
85$822,347$184,067$74,227$531,045
86$852,827$139,687$23,314$522,654
87$884,734$91,450$0$512,957
88$918,160$39,114$0$504,191
89$953,206$0$0$495,971
90$989,981$0$0$495,185
91$1,028,602$0$0$514,717
92$1,069,199$0$0$535,266
93$1,111,910$0$0$556,904
94$1,156,888$0$0$579,711
95$1,204,298$0$0$603,773
96$1,254,320$0$0$629,186
97$1,307,150$0$0$656,050
98$1,363,004$0$0$684,480
99$1,422,113$0$0$714,597
100$1,484,735$0$0$746,536