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%13.3%
1 years$99,921$99,031$98,162$97,315$96,487$95,163
2 years$49,466$48,544$47,652$46,786$45,946$44,615
3 years$32,650$31,724$30,834$29,976$29,150$27,852
4 years$24,243$23,321$22,439$21,596$20,790$19,536
5 years$19,201$18,284$17,414$16,588$15,804$14,598
6 years$15,840$14,930$14,073$13,265$12,505$11,348
7 years$13,441$12,538$11,695$10,906$10,170$9,062
8 years$11,642$10,748$9,918$9,149$8,437$7,378
9 years$10,243$9,358$8,542$7,793$7,105$6,095
10 years$9,125$8,248$7,447$6,718$6,054$5,092
11 years$8,211$7,343$6,557$5,846$5,207$4,291
12 years$7,450$6,591$5,819$5,128$4,512$3,643
13 years$6,806$5,956$5,199$4,527$3,935$3,110
14 years$6,255$5,414$4,671$4,019$3,449$2,668
15 years$5,778$4,946$4,217$3,584$3,037$2,298
16 years$5,361$4,538$3,824$3,209$2,684$1,986
17 years$4,993$4,179$3,479$2,883$2,380$1,721
18 years$4,667$3,862$3,176$2,599$2,116$1,495
19 years$4,375$3,579$2,908$2,348$1,886$1,302
20 years$4,112$3,326$2,668$2,127$1,685$1,135
21 years$3,875$3,098$2,455$1,930$1,508$991
22 years$3,660$2,892$2,262$1,755$1,351$867
23 years$3,464$2,704$2,089$1,598$1,213$759
24 years$3,285$2,534$1,932$1,458$1,090$665
25 years$3,120$2,378$1,789$1,331$981$584
26 years$2,968$2,235$1,659$1,217$884$512
27 years$2,827$2,103$1,541$1,114$797$450
28 years$2,697$1,982$1,432$1,021$719$396
29 years$2,576$1,870$1,333$936$649$348
30 years$2,463$1,766$1,242$859$587$306
31 years$2,358$1,669$1,158$789$530$269
32 years$2,259$1,579$1,080$725$480$237
33 years$2,167$1,496$1,008$667$434$209
34 years$2,080$1,418$942$613$393$184
35 years$1,999$1,345$881$565$356$162
36 years$1,922$1,276$824$520$323$143
37 years$1,849$1,212$771$479$292$126
38 years$1,781$1,152$722$442$265$111
39 years$1,716$1,095$677$407$240$98
40 years$1,654$1,042$634$376$218$86
41 years$1,596$992$595$347$198$76
42 years$1,541$945$558$320$179$67
43 years$1,488$900$524$295$163$59
44 years$1,438$858$491$273$148$52
45 years$1,390$818$461$252$134$46
46 years$1,344$781$433$233$122$41
47 years$1,301$745$407$215$111$36
48 years$1,259$711$383$199$100$32
49 years$1,219$679$360$183$91$28
50 years$1,181$649$338$170$83$25

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 $4,657 every year, while hoping to spend $30,735 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: 47/23/30 Blend
71$1,210,000$1,210,000$1,210,000$1,210,000
72$1,338,224$1,274,094$1,255,339$1,389,405
73$1,442,021$1,303,822$1,264,691$1,455,836
74$1,555,375$1,333,978$1,273,326$1,524,571
75$1,679,229$1,364,548$1,281,188$1,598,606
76$1,814,620$1,395,521$1,288,217$1,678,459
77$1,962,690$1,426,880$1,294,351$1,764,697
78$2,124,697$1,458,610$1,299,525$1,857,947
79$2,302,026$1,490,692$1,303,669$1,958,901
80$2,496,202$1,523,105$1,306,711$2,068,322
81$2,708,903$1,555,826$1,308,575$2,187,050
82$2,941,981$1,588,831$1,309,181$2,316,012
83$3,197,470$1,622,091$1,308,446$2,456,232
84$3,477,614$1,655,576$1,306,282$2,608,835
85$3,784,885$1,689,253$1,302,596$2,775,065
86$4,122,002$1,723,085$1,297,292$2,956,294
87$4,491,964$1,757,034$1,290,269$3,154,032
88$4,898,071$1,791,056$1,281,420$3,369,946
89$5,343,962$1,825,105$1,270,635$3,605,875
90$5,833,641$1,859,130$1,257,796$3,863,845
91$6,371,522$1,893,077$1,242,782$4,146,092
92$6,962,467$1,926,887$1,225,465$4,455,078
93$7,611,831$1,960,497$1,205,710$4,793,523
94$8,325,515$1,993,839$1,183,379$5,164,422
95$9,110,019$2,026,838$1,158,323$5,571,078
96$9,972,504$2,059,417$1,130,391$6,017,134
97$10,920,861$2,091,490$1,099,420$6,506,607
98$11,963,781$2,122,965$1,065,243$7,043,925
99$13,110,843$2,153,747$1,027,685$7,633,971
100$14,372,598$2,183,729$986,561$8,282,128