Can I retire at age 72 with 1,350,000?

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 $1,350,000?

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$111,482$110,489$109,520$108,574$107,651$103,461
2 years$55,189$54,161$53,165$52,199$51,262$47,092
3 years$36,427$35,395$34,401$33,445$32,523$28,503
4 years$27,048$26,019$25,035$24,095$23,196$19,357
5 years$21,422$20,399$19,428$18,507$17,633$13,985
6 years$17,673$16,657$15,701$14,800$13,952$10,498
7 years$14,996$13,989$13,048$12,168$11,347$8,085
8 years$12,989$11,991$11,065$10,208$9,413$6,340
9 years$11,429$10,440$9,531$8,695$7,927$5,039
10 years$10,181$9,203$8,309$7,495$6,755$4,045
11 years$9,161$8,193$7,315$6,523$5,809$3,272
12 years$8,312$7,353$6,492$5,721$5,034$2,664
13 years$7,594$6,645$5,800$5,051$4,390$2,178
14 years$6,979$6,040$5,211$4,484$3,848$1,788
15 years$6,446$5,518$4,705$3,999$3,388$1,473
16 years$5,981$5,063$4,266$3,580$2,994$1,216
17 years$5,571$4,662$3,882$3,217$2,655$1,006
18 years$5,206$4,308$3,544$2,899$2,361$834
19 years$4,881$3,993$3,244$2,620$2,104$692
20 years$4,588$3,710$2,977$2,373$1,880$575
21 years$4,324$3,456$2,738$2,153$1,682$478
22 years$4,084$3,226$2,524$1,958$1,508$398
23 years$3,865$3,017$2,330$1,783$1,353$331
24 years$3,665$2,827$2,155$1,626$1,216$276
25 years$3,481$2,653$1,996$1,485$1,095$230
26 years$3,311$2,493$1,851$1,358$986$192
27 years$3,154$2,347$1,719$1,243$889$160
28 years$3,009$2,211$1,598$1,139$802$133
29 years$2,874$2,086$1,487$1,044$724$111
30 years$2,748$1,970$1,385$958$654$93
31 years$2,631$1,862$1,291$880$592$78
32 years$2,521$1,762$1,205$809$535$65
33 years$2,418$1,669$1,125$744$484$54
34 years$2,321$1,582$1,051$684$439$45
35 years$2,230$1,500$983$630$397$38
36 years$2,144$1,424$919$580$360$32
37 years$2,063$1,352$861$535$326$26
38 years$1,987$1,285$806$493$296$22
39 years$1,914$1,222$755$454$268$18
40 years$1,846$1,163$708$419$243$15
41 years$1,781$1,107$664$387$221$13
42 years$1,719$1,054$622$357$200$11
43 years$1,660$1,004$584$329$182$9
44 years$1,604$957$548$304$165$7
45 years$1,551$913$515$281$150$6
46 years$1,500$871$484$259$136$5
47 years$1,451$831$454$240$123$4
48 years$1,405$793$427$222$112$4
49 years$1,361$758$401$205$102$3
50 years$1,318$724$377$189$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,350,000, adding $4,349 every year, while hoping to spend $23,114 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: 78/11/11 Blend
71$1,350,000$1,350,000$1,350,000$1,350,000
72$1,492,186$1,420,636$1,399,711$1,605,279
73$1,619,796$1,465,654$1,422,008$1,725,274
74$1,759,647$1,512,103$1,444,278$1,853,445
75$1,912,964$1,560,029$1,466,494$1,993,357
76$2,081,096$1,609,480$1,488,630$2,146,172
77$2,265,526$1,660,503$1,510,658$2,313,168
78$2,467,891$1,713,149$1,532,547$2,495,754
79$2,689,993$1,767,471$1,554,264$2,695,481
80$2,933,816$1,823,520$1,575,776$2,914,058
81$3,201,547$1,881,354$1,597,046$3,153,365
82$3,495,593$1,941,029$1,618,035$3,415,476
83$3,818,608$2,002,604$1,638,704$3,702,672
84$4,173,514$2,066,140$1,659,009$4,017,468
85$4,563,531$2,131,699$1,678,904$4,362,634
86$4,992,206$2,199,347$1,698,342$4,741,221
87$5,463,446$2,269,150$1,717,271$5,156,590
88$5,981,556$2,341,177$1,735,639$5,612,442
89$6,551,281$2,415,500$1,753,388$6,112,858
90$7,177,845$2,492,193$1,770,460$6,662,330
91$7,867,005$2,571,331$1,786,791$7,265,810
92$8,625,107$2,652,993$1,802,315$7,928,751
93$9,459,138$2,737,260$1,816,963$8,657,164
94$10,376,800$2,824,216$1,830,661$9,457,668
95$11,386,577$2,913,946$1,843,332$10,337,559
96$12,497,820$3,006,541$1,854,895$11,304,873
97$13,720,828$3,102,092$1,865,265$12,368,466
98$15,066,952$3,200,694$1,874,351$13,538,096
99$16,548,698$3,302,445$1,882,059$14,824,512
100$18,179,848$3,407,448$1,888,290$16,239,562