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

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$114,785$113,762$112,765$111,791$110,841$107,508
2 years$56,824$55,766$54,740$53,746$52,781$49,452
3 years$37,507$36,444$35,421$34,435$33,487$30,264
4 years$27,850$26,790$25,777$24,809$23,883$20,793
5 years$22,057$21,004$20,004$19,056$18,155$15,206
6 years$18,196$17,151$16,166$15,239$14,366$11,560
7 years$15,440$14,403$13,434$12,529$11,683$9,020
8 years$13,374$12,346$11,393$10,510$9,692$7,171
9 years$11,767$10,750$9,813$8,952$8,162$5,780
10 years$10,483$9,475$8,555$7,717$6,955$4,708
11 years$9,433$8,435$7,532$6,716$5,981$3,866
12 years$8,558$7,571$6,684$5,891$5,183$3,195
13 years$7,819$6,842$5,972$5,201$4,520$2,654
14 years$7,186$6,219$5,366$4,617$3,962$2,214
15 years$6,637$5,681$4,845$4,117$3,489$1,854
16 years$6,158$5,213$4,392$3,687$3,083$1,556
17 years$5,736$4,801$3,997$3,312$2,734$1,309
18 years$5,361$4,436$3,649$2,985$2,431$1,104
19 years$5,025$4,111$3,340$2,697$2,167$932
20 years$4,724$3,820$3,065$2,443$1,935$788
21 years$4,452$3,559$2,820$2,217$1,732$667
22 years$4,205$3,322$2,599$2,016$1,552$565
23 years$3,979$3,107$2,399$1,836$1,393$479
24 years$3,773$2,911$2,219$1,674$1,252$407
25 years$3,584$2,732$2,055$1,529$1,127$345
26 years$3,409$2,567$1,906$1,398$1,015$293
27 years$3,248$2,416$1,770$1,280$915$249
28 years$3,098$2,277$1,646$1,173$826$212
29 years$2,959$2,148$1,531$1,075$746$180
30 years$2,829$2,028$1,426$987$674$153
31 years$2,709$1,918$1,330$906$609$130
32 years$2,595$1,814$1,241$833$551$111
33 years$2,489$1,718$1,158$766$499$94
34 years$2,390$1,628$1,082$705$452$80
35 years$2,296$1,545$1,012$649$409$68
36 years$2,208$1,466$947$597$371$58
37 years$2,124$1,392$886$551$336$50
38 years$2,046$1,323$830$507$304$42
39 years$1,971$1,258$777$468$276$36
40 years$1,900$1,197$729$432$250$31
41 years$1,833$1,140$683$398$227$26
42 years$1,770$1,085$641$367$206$22
43 years$1,709$1,034$601$339$187$19
44 years$1,652$986$565$313$170$16
45 years$1,597$940$530$289$154$14
46 years$1,544$897$498$267$140$12
47 years$1,494$856$468$247$127$10
48 years$1,447$817$440$228$115$8
49 years$1,401$780$413$211$105$7
50 years$1,357$745$388$195$95$6

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 $3,961 every year, while hoping to spend $30,683 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: 50/44/6 Blend
71$1,390,000$1,390,000$1,390,000$1,390,000
72$1,535,866$1,462,196$1,440,651$1,610,183
73$1,659,878$1,501,197$1,456,266$1,700,223
74$1,795,510$1,541,081$1,471,376$1,794,379
75$1,943,917$1,581,858$1,485,932$1,895,953
76$2,106,366$1,623,539$1,499,881$2,005,648
77$2,284,257$1,666,134$1,513,168$2,124,234
78$2,479,129$1,709,652$1,525,737$2,252,561
79$2,692,677$1,754,102$1,537,525$2,391,562
80$2,926,768$1,799,491$1,548,470$2,542,267
81$3,183,458$1,845,826$1,558,504$2,705,808
82$3,465,013$1,893,114$1,567,556$2,883,430
83$3,773,927$1,941,359$1,575,552$3,076,507
84$4,112,948$1,990,566$1,582,414$3,286,550
85$4,485,103$2,040,738$1,588,059$3,515,222
86$4,893,725$2,091,876$1,592,400$3,764,357
87$5,342,488$2,143,980$1,595,349$4,035,972
88$5,835,437$2,197,051$1,596,808$4,332,291
89$6,377,030$2,251,084$1,596,679$4,655,763
90$6,972,176$2,306,076$1,594,857$5,009,083
91$7,626,284$2,362,020$1,591,231$5,395,223
92$8,345,314$2,418,909$1,585,687$5,817,457
93$9,135,832$2,476,731$1,578,103$6,279,388
94$10,005,070$2,535,474$1,568,352$6,784,990
95$10,960,998$2,595,123$1,556,303$7,338,638
96$12,012,396$2,655,660$1,541,815$7,945,153
97$13,168,938$2,717,065$1,524,744$8,609,848
98$14,441,283$2,779,314$1,504,936$9,338,574
99$15,841,174$2,842,381$1,482,231$10,137,782
100$17,381,550$2,906,234$1,456,463$11,014,575