Can I retire at age 72 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$114,785$113,762$112,765$111,791$110,841$108,736
2 years$56,824$55,766$54,740$53,746$52,781$50,669
3 years$37,507$36,444$35,421$34,435$33,487$31,433
4 years$27,850$26,790$25,777$24,809$23,883$21,903
5 years$22,057$21,004$20,004$19,056$18,155$16,256
6 years$18,196$17,151$16,166$15,239$14,366$12,548
7 years$15,440$14,403$13,434$12,529$11,683$9,947
8 years$13,374$12,346$11,393$10,510$9,692$8,038
9 years$11,767$10,750$9,813$8,952$8,162$6,589
10 years$10,483$9,475$8,555$7,717$6,955$5,461
11 years$9,433$8,435$7,532$6,716$5,981$4,565
12 years$8,558$7,571$6,684$5,891$5,183$3,843
13 years$7,819$6,842$5,972$5,201$4,520$3,253
14 years$7,186$6,219$5,366$4,617$3,962$2,766
15 years$6,637$5,681$4,845$4,117$3,489$2,361
16 years$6,158$5,213$4,392$3,687$3,083$2,022
17 years$5,736$4,801$3,997$3,312$2,734$1,736
18 years$5,361$4,436$3,649$2,985$2,431$1,494
19 years$5,025$4,111$3,340$2,697$2,167$1,289
20 years$4,724$3,820$3,065$2,443$1,935$1,113
21 years$4,452$3,559$2,820$2,217$1,732$963
22 years$4,205$3,322$2,599$2,016$1,552$833
23 years$3,979$3,107$2,399$1,836$1,393$722
24 years$3,773$2,911$2,219$1,674$1,252$627
25 years$3,584$2,732$2,055$1,529$1,127$544
26 years$3,409$2,567$1,906$1,398$1,015$473
27 years$3,248$2,416$1,770$1,280$915$411
28 years$3,098$2,277$1,646$1,173$826$357
29 years$2,959$2,148$1,531$1,075$746$311
30 years$2,829$2,028$1,426$987$674$271
31 years$2,709$1,918$1,330$906$609$236
32 years$2,595$1,814$1,241$833$551$205
33 years$2,489$1,718$1,158$766$499$179
34 years$2,390$1,628$1,082$705$452$156
35 years$2,296$1,545$1,012$649$409$136
36 years$2,208$1,466$947$597$371$118
37 years$2,124$1,392$886$551$336$103
38 years$2,046$1,323$830$507$304$90
39 years$1,971$1,258$777$468$276$78
40 years$1,900$1,197$729$432$250$68
41 years$1,833$1,140$683$398$227$60
42 years$1,770$1,085$641$367$206$52
43 years$1,709$1,034$601$339$187$45
44 years$1,652$986$565$313$170$40
45 years$1,597$940$530$289$154$35
46 years$1,544$897$498$267$140$30
47 years$1,494$856$468$247$127$26
48 years$1,447$817$440$228$115$23
49 years$1,401$780$413$211$105$20
50 years$1,357$745$388$195$95$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,390,000, adding $2,118 every year, while hoping to spend $27,375 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: 33/46/21 Blend
71$1,390,000$1,390,000$1,390,000$1,390,000
72$1,533,965$1,460,295$1,438,750$1,574,613
73$1,661,302$1,502,722$1,457,821$1,647,513
74$1,800,711$1,546,311$1,476,614$1,723,380
75$1,953,393$1,591,090$1,495,090$1,804,582
76$2,120,672$1,637,087$1,513,208$1,891,604
77$2,304,007$1,684,330$1,530,927$1,984,981
78$2,505,003$1,732,850$1,548,200$2,085,303
79$2,725,429$1,782,675$1,564,981$2,193,216
80$2,967,234$1,833,837$1,581,219$2,309,432
81$3,232,563$1,886,366$1,596,861$2,434,736
82$3,523,779$1,940,294$1,611,851$2,569,990
83$3,843,487$1,995,650$1,626,130$2,716,142
84$4,194,554$2,052,468$1,639,637$2,874,239
85$4,580,139$2,110,780$1,652,305$3,045,429
86$5,003,722$2,170,617$1,664,067$3,230,980
87$5,469,138$2,232,014$1,674,849$3,432,287
88$5,980,610$2,295,002$1,684,577$3,650,884
89$6,542,792$2,359,617$1,693,169$3,888,463
90$7,160,808$2,425,890$1,700,542$4,146,886
91$7,840,308$2,493,856$1,706,608$4,428,204
92$8,587,514$2,563,549$1,711,273$4,734,677
93$9,409,281$2,635,003$1,714,441$5,068,792
94$10,313,161$2,708,252$1,716,009$5,433,291
95$11,307,478$2,783,331$1,715,870$5,831,194
96$12,401,400$2,860,273$1,713,910$6,265,827
97$13,605,030$2,939,114$1,710,013$6,740,855
98$14,929,498$3,019,886$1,704,054$7,260,316
99$16,387,070$3,102,623$1,695,903$7,828,657
100$17,991,259$3,187,360$1,685,424$8,450,781