Can I retire at age 72 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$99,921$99,031$98,162$97,315$96,487$92,732
2 years$49,466$48,544$47,652$46,786$45,946$42,209
3 years$32,650$31,724$30,834$29,976$29,150$25,547
4 years$24,243$23,321$22,439$21,596$20,790$17,350
5 years$19,201$18,284$17,414$16,588$15,804$12,535
6 years$15,840$14,930$14,073$13,265$12,505$9,409
7 years$13,441$12,538$11,695$10,906$10,170$7,247
8 years$11,642$10,748$9,918$9,149$8,437$5,683
9 years$10,243$9,358$8,542$7,793$7,105$4,516
10 years$9,125$8,248$7,447$6,718$6,054$3,626
11 years$8,211$7,343$6,557$5,846$5,207$2,933
12 years$7,450$6,591$5,819$5,128$4,512$2,387
13 years$6,806$5,956$5,199$4,527$3,935$1,952
14 years$6,255$5,414$4,671$4,019$3,449$1,603
15 years$5,778$4,946$4,217$3,584$3,037$1,320
16 years$5,361$4,538$3,824$3,209$2,684$1,090
17 years$4,993$4,179$3,479$2,883$2,380$902
18 years$4,667$3,862$3,176$2,599$2,116$747
19 years$4,375$3,579$2,908$2,348$1,886$620
20 years$4,112$3,326$2,668$2,127$1,685$515
21 years$3,875$3,098$2,455$1,930$1,508$428
22 years$3,660$2,892$2,262$1,755$1,351$356
23 years$3,464$2,704$2,089$1,598$1,213$297
24 years$3,285$2,534$1,932$1,458$1,090$247
25 years$3,120$2,378$1,789$1,331$981$206
26 years$2,968$2,235$1,659$1,217$884$172
27 years$2,827$2,103$1,541$1,114$797$143
28 years$2,697$1,982$1,432$1,021$719$120
29 years$2,576$1,870$1,333$936$649$100
30 years$2,463$1,766$1,242$859$587$83
31 years$2,358$1,669$1,158$789$530$70
32 years$2,259$1,579$1,080$725$480$58
33 years$2,167$1,496$1,008$667$434$48
34 years$2,080$1,418$942$613$393$41
35 years$1,999$1,345$881$565$356$34
36 years$1,922$1,276$824$520$323$28
37 years$1,849$1,212$771$479$292$24
38 years$1,781$1,152$722$442$265$20
39 years$1,716$1,095$677$407$240$16
40 years$1,654$1,042$634$376$218$14
41 years$1,596$992$595$347$198$11
42 years$1,541$945$558$320$179$10
43 years$1,488$900$524$295$163$8
44 years$1,438$858$491$273$148$7
45 years$1,390$818$461$252$134$6
46 years$1,344$781$433$233$122$5
47 years$1,301$745$407$215$111$4
48 years$1,259$711$383$199$100$3
49 years$1,219$679$360$183$91$3
50 years$1,181$649$338$170$83$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,210,000, adding $5,981 every year, while hoping to spend $48,726 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: 70/23/7 Blend
71$1,210,000$1,210,000$1,210,000$1,210,000
72$1,339,589$1,275,459$1,256,704$1,431,481
73$1,424,383$1,286,113$1,246,960$1,503,689
74$1,516,193$1,295,655$1,235,256$1,576,105
75$1,615,683$1,303,981$1,221,475$1,654,007
76$1,723,584$1,310,976$1,205,495$1,737,921
77$1,840,698$1,316,523$1,187,188$1,828,428
78$1,967,908$1,320,492$1,166,418$1,926,171
79$2,106,188$1,322,748$1,143,046$2,031,855
80$2,256,604$1,323,149$1,116,923$2,146,261
81$2,420,334$1,321,539$1,087,897$2,270,246
82$2,598,672$1,317,758$1,055,805$2,404,760
83$2,793,041$1,311,633$1,020,479$2,550,846
84$3,005,009$1,302,980$981,742$2,709,657
85$3,236,300$1,291,607$939,411$2,882,465
86$3,488,814$1,277,307$893,293$3,070,668
87$3,764,640$1,259,862$843,185$3,275,815
88$4,066,080$1,239,041$788,878$3,499,607
89$4,395,665$1,214,600$730,151$3,743,925
90$4,756,186$1,186,279$666,774$4,010,841
91$5,150,714$1,153,803$598,508$4,302,640
92$5,582,629$1,116,882$525,100$4,621,844
93$6,055,656$1,075,207$446,289$4,971,230
94$6,573,894$1,028,454$361,802$5,353,866
95$7,141,861$976,278$271,352$5,773,129
96$7,764,530$918,314$174,641$6,232,749
97$8,447,377$854,177$71,357$6,736,835
98$9,196,438$783,460$0$7,289,919
99$10,018,357$705,732$0$7,899,904
100$10,920,453$620,537$0$8,575,272