Can I retire at age 72 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$112,308$111,307$110,331$109,379$108,448$105,187
2 years$55,598$54,562$53,559$52,586$51,642$48,384
3 years$36,697$35,657$34,656$33,692$32,764$29,611
4 years$27,248$26,212$25,221$24,273$23,367$20,344
5 years$21,581$20,550$19,572$18,644$17,764$14,878
6 years$17,804$16,781$15,817$14,910$14,056$11,310
7 years$15,107$14,093$13,144$12,258$11,431$8,826
8 years$13,085$12,080$11,147$10,283$9,483$7,016
9 years$11,513$10,518$9,601$8,759$7,986$5,655
10 years$10,257$9,271$8,371$7,550$6,805$4,606
11 years$9,229$8,253$7,369$6,571$5,852$3,782
12 years$8,374$7,408$6,540$5,764$5,071$3,126
13 years$7,650$6,694$5,843$5,088$4,422$2,597
14 years$7,031$6,085$5,250$4,517$3,877$2,166
15 years$6,494$5,559$4,740$4,028$3,413$1,814
16 years$6,025$5,100$4,298$3,607$3,017$1,522
17 years$5,612$4,697$3,911$3,241$2,675$1,281
18 years$5,245$4,340$3,570$2,921$2,378$1,080
19 years$4,917$4,022$3,268$2,639$2,120$912
20 years$4,622$3,738$2,999$2,390$1,893$771
21 years$4,356$3,482$2,759$2,169$1,694$653
22 years$4,114$3,250$2,543$1,972$1,519$553
23 years$3,893$3,040$2,348$1,796$1,363$469
24 years$3,692$2,848$2,171$1,638$1,225$398
25 years$3,506$2,673$2,011$1,496$1,103$338
26 years$3,335$2,512$1,865$1,368$993$287
27 years$3,178$2,364$1,732$1,252$896$244
28 years$3,031$2,228$1,610$1,147$808$207
29 years$2,895$2,101$1,498$1,052$730$176
30 years$2,768$1,985$1,396$966$659$150
31 years$2,650$1,876$1,301$887$596$128
32 years$2,539$1,775$1,214$815$539$109
33 years$2,436$1,681$1,133$749$488$92
34 years$2,338$1,593$1,059$690$442$79
35 years$2,246$1,511$990$635$400$67
36 years$2,160$1,434$926$585$363$57
37 years$2,078$1,362$867$539$329$49
38 years$2,001$1,295$812$496$298$41
39 years$1,928$1,231$761$458$270$35
40 years$1,859$1,171$713$422$245$30
41 years$1,794$1,115$668$390$222$26
42 years$1,731$1,062$627$360$202$22
43 years$1,672$1,012$588$332$183$19
44 years$1,616$964$552$306$166$16
45 years$1,562$920$519$283$151$13
46 years$1,511$877$487$261$137$11
47 years$1,462$837$458$242$124$10
48 years$1,415$799$430$223$113$8
49 years$1,371$763$404$206$103$7
50 years$1,328$729$380$191$93$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,360,000, adding $5,524 every year, while hoping to spend $23,366 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: 58/25/17 Blend
71$1,360,000$1,360,000$1,360,000$1,360,000
72$1,504,418$1,432,338$1,411,258$1,584,706
73$1,633,007$1,477,661$1,433,674$1,685,076
74$1,773,930$1,524,422$1,456,058$1,791,404
75$1,928,418$1,572,667$1,478,383$1,906,784
76$2,097,832$1,622,442$1,500,624$2,032,092
77$2,283,666$1,673,797$1,522,750$2,168,291
78$2,487,568$1,726,781$1,544,730$2,316,442
79$2,711,354$1,781,448$1,566,533$2,477,715
80$2,957,023$1,837,850$1,588,123$2,653,394
81$3,226,777$1,896,042$1,609,462$2,844,895
82$3,523,042$1,956,082$1,630,513$3,053,777
83$3,848,491$2,018,029$1,651,234$3,281,757
84$4,206,068$2,081,943$1,671,582$3,530,725
85$4,599,017$2,147,888$1,691,509$3,802,762
86$5,030,910$2,215,927$1,710,968$4,100,160
87$5,505,684$2,286,129$1,729,906$4,425,445
88$6,027,676$2,358,561$1,748,270$4,781,397
89$6,601,664$2,433,296$1,766,003$5,171,078
90$7,232,912$2,510,407$1,783,043$5,597,862
91$7,927,221$2,589,969$1,799,327$6,065,465
92$8,690,981$2,672,060$1,814,788$6,577,980
93$9,531,233$2,756,763$1,829,355$7,139,917
94$10,455,735$2,844,160$1,842,954$7,756,243
95$11,473,033$2,934,337$1,855,506$8,432,429
96$12,592,546$3,027,384$1,866,930$9,174,506
97$13,824,652$3,123,392$1,877,138$9,989,113
98$15,180,784$3,222,456$1,886,039$10,883,569
99$16,673,541$3,324,673$1,893,539$11,865,935
100$18,316,805$3,430,145$1,899,535$12,945,092