Can I retire at age 72 with 1,270,000?

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 $1,270,000?

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$104,875$103,941$103,030$102,140$101,272$100,802
2 years$51,919$50,952$50,014$49,106$48,225$47,751
3 years$34,269$33,297$32,363$31,463$30,596$30,132
4 years$25,445$24,477$23,552$22,667$21,821$21,372
5 years$20,153$19,190$18,277$17,410$16,588$16,154
6 years$16,625$15,670$14,771$13,923$13,126$12,707
7 years$14,107$13,160$12,274$11,447$10,675$10,272
8 years$12,219$11,281$10,410$9,603$8,856$8,469
9 years$10,751$9,822$8,966$8,179$7,458$7,087
10 years$9,578$8,657$7,817$7,051$6,354$5,999
11 years$8,618$7,707$6,882$6,136$5,465$5,125
12 years$7,819$6,918$6,107$5,382$4,736$4,411
13 years$7,144$6,251$5,456$4,752$4,130$3,820
14 years$6,565$5,682$4,903$4,218$3,620$3,325
15 years$6,064$5,191$4,426$3,762$3,187$2,907
16 years$5,627$4,763$4,013$3,368$2,817$2,550
17 years$5,241$4,386$3,652$3,026$2,498$2,244
18 years$4,898$4,053$3,334$2,727$2,221$1,980
19 years$4,592$3,756$3,052$2,464$1,980$1,751
20 years$4,316$3,491$2,801$2,232$1,768$1,552
21 years$4,068$3,251$2,576$2,026$1,582$1,378
22 years$3,842$3,035$2,374$1,842$1,418$1,225
23 years$3,636$2,839$2,192$1,677$1,273$1,091
24 years$3,447$2,660$2,028$1,530$1,144$972
25 years$3,274$2,496$1,878$1,397$1,030$868
26 years$3,115$2,346$1,742$1,277$928$775
27 years$2,967$2,208$1,617$1,169$836$693
28 years$2,831$2,080$1,503$1,071$755$620
29 years$2,704$1,962$1,399$982$681$555
30 years$2,585$1,853$1,303$902$616$497
31 years$2,475$1,752$1,215$828$557$445
32 years$2,371$1,658$1,134$761$503$399
33 years$2,274$1,570$1,058$700$456$358
34 years$2,183$1,488$989$644$413$321
35 years$2,098$1,411$925$593$374$288
36 years$2,017$1,339$865$546$339$259
37 years$1,941$1,272$810$503$307$232
38 years$1,869$1,209$758$464$278$209
39 years$1,801$1,150$710$427$252$188
40 years$1,736$1,094$666$394$229$169
41 years$1,675$1,041$624$364$208$151
42 years$1,617$992$586$336$188$136
43 years$1,562$945$549$310$171$122
44 years$1,509$901$516$286$155$110
45 years$1,459$859$484$264$141$99
46 years$1,411$819$455$244$128$89
47 years$1,365$782$427$226$116$80
48 years$1,322$746$402$208$105$72
49 years$1,280$713$377$193$96$65
50 years$1,240$681$355$178$87$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,270,000, adding $6,989 every year, while hoping to spend $21,649 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: 72/11/17 Blend
71$1,270,000$1,270,000$1,270,000$1,270,000
72$1,406,749$1,339,439$1,319,754$1,501,994
73$1,527,203$1,382,037$1,340,932$1,608,759
74$1,659,218$1,425,997$1,362,093$1,722,357
75$1,803,950$1,471,363$1,383,215$1,846,202
76$1,962,672$1,518,179$1,404,272$1,981,306
77$2,136,788$1,566,493$1,425,238$2,128,782
78$2,327,842$1,616,353$1,446,086$2,289,858
79$2,537,537$1,667,809$1,466,784$2,465,883
80$2,767,746$1,720,912$1,487,302$2,658,347
81$3,020,535$1,775,716$1,507,605$2,868,887
82$3,298,179$1,832,275$1,527,659$3,099,309
83$3,603,183$1,890,647$1,547,426$3,351,601
84$3,938,309$1,950,889$1,566,865$3,627,954
85$4,306,596$2,013,062$1,585,935$3,930,778
86$4,711,396$2,077,230$1,604,591$4,262,734
87$5,156,400$2,143,455$1,622,786$4,626,748
88$5,645,674$2,211,806$1,640,471$5,026,046
89$6,183,698$2,282,350$1,657,593$5,464,183
90$6,775,410$2,355,159$1,674,096$5,945,072
91$7,426,246$2,430,307$1,689,923$6,473,027
92$8,142,200$2,507,868$1,705,012$7,052,802
93$8,929,873$2,587,923$1,719,299$7,689,631
94$9,796,540$2,670,551$1,732,715$8,389,285
95$10,750,215$2,755,835$1,745,189$9,158,119
96$11,799,729$2,843,864$1,756,645$10,003,137
97$12,954,813$2,934,725$1,767,004$10,932,057
98$14,226,188$3,028,510$1,776,183$11,953,380
99$15,625,668$3,125,316$1,784,094$13,076,477
100$17,166,269$3,225,240$1,790,644$14,311,671