Can I retire at age 72 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$113,133$112,126$111,142$110,183$109,246$107,524
2 years$56,007$54,964$53,953$52,972$52,022$50,292
3 years$36,967$35,919$34,911$33,940$33,005$31,320
4 years$27,449$26,404$25,406$24,452$23,539$21,913
5 years$21,740$20,701$19,716$18,781$17,894$16,331
6 years$17,935$16,904$15,934$15,020$14,159$12,661
7 years$15,218$14,196$13,241$12,348$11,515$10,082
8 years$13,181$12,169$11,229$10,359$9,553$8,185
9 years$11,598$10,595$9,672$8,823$8,045$6,742
10 years$10,332$9,339$8,432$7,606$6,855$5,615
11 years$9,297$8,314$7,424$6,619$5,895$4,718
12 years$8,435$7,462$6,588$5,806$5,109$3,992
13 years$7,706$6,744$5,886$5,126$4,455$3,397
14 years$7,082$6,130$5,289$4,550$3,905$2,904
15 years$6,542$5,600$4,775$4,058$3,438$2,493
16 years$6,070$5,138$4,329$3,633$3,039$2,147
17 years$5,653$4,732$3,939$3,265$2,694$1,854
18 years$5,284$4,372$3,596$2,942$2,396$1,605
19 years$4,953$4,052$3,292$2,658$2,135$1,392
20 years$4,656$3,765$3,021$2,408$1,907$1,209
21 years$4,388$3,507$2,779$2,185$1,707$1,052
22 years$4,144$3,274$2,561$1,987$1,530$917
23 years$3,922$3,062$2,365$1,809$1,373$800
24 years$3,719$2,869$2,187$1,650$1,234$698
25 years$3,532$2,692$2,026$1,507$1,111$610
26 years$3,360$2,530$1,879$1,378$1,001$533
27 years$3,201$2,381$1,745$1,261$902$467
28 years$3,053$2,244$1,622$1,156$814$409
29 years$2,916$2,117$1,509$1,060$735$358
30 years$2,789$1,999$1,406$973$664$313
31 years$2,670$1,890$1,311$893$600$275
32 years$2,558$1,788$1,223$821$543$241
33 years$2,453$1,693$1,142$755$492$211
34 years$2,355$1,605$1,067$695$445$185
35 years$2,263$1,522$997$639$403$163
36 years$2,176$1,445$933$589$365$143
37 years$2,094$1,372$873$543$331$125
38 years$2,016$1,304$818$500$300$110
39 years$1,943$1,240$766$461$272$97
40 years$1,873$1,180$718$425$247$85
41 years$1,807$1,123$673$392$224$74
42 years$1,744$1,070$632$362$203$65
43 years$1,685$1,019$593$334$184$57
44 years$1,628$972$556$309$167$50
45 years$1,574$926$522$285$152$44
46 years$1,522$884$491$263$138$39
47 years$1,473$843$461$243$125$34
48 years$1,426$805$433$225$114$30
49 years$1,381$769$407$208$103$26
50 years$1,338$734$383$192$94$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,370,000, adding $4,588 every year, while hoping to spend $44,257 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: 51/42/7 Blend
71$1,370,000$1,370,000$1,370,000$1,370,000
72$1,514,473$1,441,863$1,420,628$1,588,840
73$1,621,860$1,465,425$1,421,129$1,663,495
74$1,738,717$1,488,658$1,420,165$1,739,449
75$1,865,964$1,511,500$1,417,638$1,820,959
76$2,004,611$1,533,883$1,413,448$1,908,559
77$2,155,773$1,555,734$1,407,490$2,002,833
78$2,320,674$1,576,977$1,399,653$2,104,429
79$2,500,663$1,597,529$1,389,822$2,214,059
80$2,697,224$1,617,302$1,377,874$2,332,512
81$2,911,991$1,636,200$1,363,683$2,460,653
82$3,146,763$1,654,123$1,347,116$2,599,440
83$3,403,522$1,670,964$1,328,033$2,749,929
84$3,684,447$1,686,607$1,306,288$2,913,285
85$3,991,940$1,700,930$1,281,728$3,090,793
86$4,328,645$1,713,803$1,254,193$3,283,869
87$4,697,474$1,725,087$1,223,516$3,494,076
88$5,101,634$1,734,634$1,189,522$3,723,141
89$5,544,657$1,742,286$1,152,026$3,972,965
90$6,030,431$1,747,878$1,110,839$4,245,646
91$6,563,242$1,751,230$1,065,758$4,543,500
92$7,147,806$1,752,155$1,016,575$4,869,080
93$7,789,323$1,750,450$963,070$5,225,204
94$8,493,515$1,745,904$905,015$5,614,978
95$9,266,691$1,738,291$842,170$6,041,831
96$10,115,796$1,727,369$774,285$6,509,542
97$11,048,482$1,712,886$701,099$7,022,281
98$12,073,180$1,694,570$622,339$7,584,648
99$13,199,177$1,672,136$537,719$8,201,716
100$14,436,703$1,645,280$446,942$8,879,081