Can I retire at age 72 with 1,380,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$113,959$112,944$111,954$110,987$110,043$107,252
2 years$56,415$55,365$54,346$53,359$52,401$49,608
3 years$37,237$36,181$35,166$34,188$33,246$30,537
4 years$27,649$26,597$25,592$24,630$23,711$21,108
5 years$21,898$20,853$19,860$18,918$18,025$15,534
6 years$18,065$17,028$16,050$15,129$14,262$11,887
7 years$15,329$14,300$13,338$12,439$11,599$9,339
8 years$13,277$12,258$11,311$10,434$9,623$7,477
9 years$11,683$10,672$9,742$8,888$8,104$6,070
10 years$10,407$9,407$8,494$7,661$6,905$4,981
11 years$9,365$8,375$7,478$6,668$5,938$4,122
12 years$8,497$7,517$6,636$5,848$5,146$3,434
13 years$7,763$6,793$5,929$5,163$4,487$2,876
14 years$7,134$6,175$5,327$4,583$3,934$2,419
15 years$6,590$5,641$4,810$4,088$3,463$2,042
16 years$6,114$5,175$4,361$3,660$3,061$1,729
17 years$5,695$4,766$3,968$3,288$2,714$1,468
18 years$5,322$4,404$3,622$2,964$2,413$1,248
19 years$4,989$4,082$3,316$2,678$2,151$1,064
20 years$4,690$3,793$3,043$2,425$1,921$908
21 years$4,420$3,533$2,799$2,201$1,719$775
22 years$4,174$3,298$2,580$2,001$1,541$663
23 years$3,951$3,084$2,382$1,823$1,383$568
24 years$3,746$2,890$2,203$1,662$1,243$486
25 years$3,558$2,712$2,041$1,518$1,119$417
26 years$3,384$2,549$1,893$1,388$1,008$358
27 years$3,224$2,399$1,757$1,271$909$307
28 years$3,076$2,260$1,634$1,164$820$263
29 years$2,938$2,132$1,520$1,068$740$226
30 years$2,809$2,014$1,416$980$669$194
31 years$2,689$1,904$1,320$900$605$167
32 years$2,577$1,801$1,232$827$547$144
33 years$2,471$1,706$1,150$760$495$123
34 years$2,372$1,617$1,075$700$448$106
35 years$2,279$1,533$1,005$644$406$91
36 years$2,192$1,455$940$593$368$78
37 years$2,109$1,382$880$547$333$67
38 years$2,031$1,314$824$504$302$58
39 years$1,957$1,249$772$464$274$50
40 years$1,887$1,189$723$428$249$43
41 years$1,820$1,131$678$395$226$37
42 years$1,757$1,078$636$365$205$32
43 years$1,697$1,027$597$337$186$27
44 years$1,640$979$560$311$169$24
45 years$1,585$933$526$287$153$20
46 years$1,533$890$494$265$139$17
47 years$1,484$850$464$245$126$15
48 years$1,436$811$436$226$115$13
49 years$1,391$774$410$209$104$11
50 years$1,347$740$386$193$95$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,380,000, adding $3,885 every year, while hoping to spend $34,301 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: 43/31/26 Blend
71$1,380,000$1,380,000$1,380,000$1,380,000
72$1,524,767$1,451,627$1,430,237$1,578,629
73$1,643,798$1,486,261$1,441,654$1,652,107
74$1,773,819$1,521,442$1,452,304$1,728,099
75$1,915,918$1,557,162$1,462,125$1,809,769
76$2,071,286$1,593,408$1,471,051$1,897,660
77$2,241,241$1,630,168$1,479,015$1,992,375
78$2,427,230$1,667,429$1,485,944$2,094,574
79$2,630,847$1,705,173$1,491,763$2,204,989
80$2,853,849$1,743,381$1,496,392$2,324,423
81$3,098,168$1,782,033$1,499,748$2,453,764
82$3,365,934$1,821,106$1,501,743$2,593,989
83$3,659,493$1,860,574$1,502,285$2,746,178
84$3,981,427$1,900,408$1,501,277$2,911,519
85$4,334,581$1,940,576$1,498,618$3,091,322
86$4,722,089$1,981,045$1,494,203$3,287,034
87$5,147,403$2,021,777$1,487,919$3,500,246
88$5,614,323$2,062,730$1,479,650$3,732,717
89$6,127,039$2,103,858$1,469,273$3,986,383
90$6,690,164$2,145,114$1,456,661$4,263,380
91$7,308,780$2,186,444$1,441,678$4,566,063
92$7,988,485$2,227,789$1,424,184$4,897,029
93$8,735,448$2,269,088$1,404,032$5,259,140
94$9,556,464$2,310,274$1,381,066$5,655,553
95$10,459,018$2,351,272$1,355,127$6,089,749
96$11,451,358$2,392,004$1,326,044$6,565,564
97$12,542,571$2,432,387$1,293,641$7,087,230
98$13,742,667$2,472,328$1,257,732$7,659,412
99$15,062,677$2,511,730$1,218,124$8,287,251
100$16,514,754$2,550,488$1,174,614$8,976,418