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%11.4%
1 years$99,921$99,031$98,162$97,315$96,487$95,919
2 years$49,466$48,544$47,652$46,786$45,946$45,373
3 years$32,650$31,724$30,834$29,976$29,150$28,590
4 years$24,243$23,321$22,439$21,596$20,790$20,247
5 years$19,201$18,284$17,414$16,588$15,804$15,280
6 years$15,840$14,930$14,073$13,265$12,505$12,000
7 years$13,441$12,538$11,695$10,906$10,170$9,685
8 years$11,642$10,748$9,918$9,149$8,437$7,971
9 years$10,243$9,358$8,542$7,793$7,105$6,659
10 years$9,125$8,248$7,447$6,718$6,054$5,627
11 years$8,211$7,343$6,557$5,846$5,207$4,798
12 years$7,450$6,591$5,819$5,128$4,512$4,122
13 years$6,806$5,956$5,199$4,527$3,935$3,563
14 years$6,255$5,414$4,671$4,019$3,449$3,095
15 years$5,778$4,946$4,217$3,584$3,037$2,700
16 years$5,361$4,538$3,824$3,209$2,684$2,364
17 years$4,993$4,179$3,479$2,883$2,380$2,076
18 years$4,667$3,862$3,176$2,599$2,116$1,828
19 years$4,375$3,579$2,908$2,348$1,886$1,613
20 years$4,112$3,326$2,668$2,127$1,685$1,427
21 years$3,875$3,098$2,455$1,930$1,508$1,264
22 years$3,660$2,892$2,262$1,755$1,351$1,121
23 years$3,464$2,704$2,089$1,598$1,213$996
24 years$3,285$2,534$1,932$1,458$1,090$886
25 years$3,120$2,378$1,789$1,331$981$789
26 years$2,968$2,235$1,659$1,217$884$703
27 years$2,827$2,103$1,541$1,114$797$627
28 years$2,697$1,982$1,432$1,021$719$559
29 years$2,576$1,870$1,333$936$649$500
30 years$2,463$1,766$1,242$859$587$446
31 years$2,358$1,669$1,158$789$530$399
32 years$2,259$1,579$1,080$725$480$357
33 years$2,167$1,496$1,008$667$434$319
34 years$2,080$1,418$942$613$393$286
35 years$1,999$1,345$881$565$356$256
36 years$1,922$1,276$824$520$323$229
37 years$1,849$1,212$771$479$292$205
38 years$1,781$1,152$722$442$265$184
39 years$1,716$1,095$677$407$240$165
40 years$1,654$1,042$634$376$218$148
41 years$1,596$992$595$347$198$132
42 years$1,541$945$558$320$179$119
43 years$1,488$900$524$295$163$106
44 years$1,438$858$491$273$148$95
45 years$1,390$818$461$252$134$86
46 years$1,344$781$433$233$122$77
47 years$1,301$745$407$215$111$69
48 years$1,259$711$383$199$100$62
49 years$1,219$679$360$183$91$55
50 years$1,181$649$338$170$83$50

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 $3,394 every year, while hoping to spend $21,939 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: 74/17/9 Blend
71$1,210,000$1,210,000$1,210,000$1,210,000
72$1,336,921$1,272,791$1,254,036$1,433,549
73$1,449,944$1,311,815$1,272,703$1,536,743
74$1,573,760$1,352,015$1,291,261$1,646,672
75$1,709,447$1,393,427$1,309,681$1,766,486
76$1,858,191$1,436,086$1,327,936$1,897,158
77$2,021,301$1,480,029$1,345,996$2,039,756
78$2,200,215$1,525,292$1,363,829$2,195,460
79$2,396,520$1,571,914$1,381,400$2,365,566
80$2,611,962$1,619,935$1,398,674$2,551,502
81$2,848,466$1,669,395$1,415,613$2,754,841
82$3,108,151$1,720,337$1,432,177$2,977,316
83$3,393,351$1,772,802$1,448,324$3,220,833
84$3,706,639$1,826,836$1,464,010$3,487,496
85$4,050,849$1,882,483$1,479,186$3,779,617
86$4,429,101$1,939,791$1,493,805$4,099,746
87$4,844,834$1,998,805$1,507,812$4,450,690
88$5,301,837$2,059,577$1,521,154$4,835,544
89$5,804,284$2,122,155$1,533,771$5,257,714
90$6,356,772$2,186,592$1,545,604$5,720,953
91$6,964,368$2,252,940$1,556,587$6,229,398
92$7,632,654$2,321,255$1,566,653$6,787,602
93$8,367,780$2,391,591$1,575,731$7,400,585
94$9,176,521$2,464,007$1,583,746$8,073,875
95$10,066,344$2,538,561$1,590,619$8,813,565
96$11,045,473$2,615,313$1,596,267$9,626,364
97$12,122,974$2,694,325$1,600,604$10,519,668
98$13,308,831$2,775,662$1,603,539$11,501,623
99$14,614,050$2,859,387$1,604,975$12,581,206
100$16,050,754$2,945,567$1,604,812$13,768,305