Can I retire at age 72 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$116,436$115,399$114,387$113,400$112,435$110,165
2 years$57,642$56,568$55,528$54,519$53,541$51,263
3 years$38,046$36,968$35,930$34,931$33,968$31,755
4 years$28,250$27,175$26,148$25,166$24,227$22,094
5 years$22,374$21,306$20,292$19,330$18,417$16,372
6 years$18,458$17,398$16,399$15,458$14,572$12,617
7 years$15,662$14,611$13,628$12,709$11,851$9,985
8 years$13,566$12,524$11,557$10,661$9,832$8,055
9 years$11,937$10,904$9,954$9,081$8,280$6,591
10 years$10,634$9,612$8,678$7,828$7,055$5,452
11 years$9,569$8,557$7,640$6,813$6,067$4,549
12 years$8,681$7,680$6,781$5,976$5,258$3,822
13 years$7,931$6,941$6,058$5,276$4,585$3,229
14 years$7,289$6,309$5,443$4,683$4,019$2,740
15 years$6,733$5,763$4,914$4,176$3,539$2,334
16 years$6,247$5,288$4,456$3,740$3,128$1,995
17 years$5,818$4,870$4,054$3,360$2,773$1,709
18 years$5,438$4,500$3,701$3,028$2,466$1,468
19 years$5,098$4,170$3,388$2,736$2,198$1,263
20 years$4,792$3,875$3,110$2,478$1,963$1,088
21 years$4,516$3,610$2,860$2,249$1,757$939
22 years$4,265$3,370$2,636$2,045$1,575$811
23 years$4,037$3,151$2,434$1,862$1,414$702
24 years$3,827$2,953$2,251$1,698$1,270$607
25 years$3,635$2,771$2,085$1,551$1,143$526
26 years$3,458$2,604$1,934$1,418$1,030$456
27 years$3,294$2,451$1,796$1,298$928$395
28 years$3,143$2,309$1,669$1,189$838$343
29 years$3,002$2,179$1,553$1,091$756$298
30 years$2,870$2,058$1,447$1,001$684$258
31 years$2,747$1,945$1,349$919$618$224
32 years$2,633$1,840$1,259$845$559$195
33 years$2,525$1,743$1,175$777$506$169
34 years$2,424$1,652$1,098$715$458$147
35 years$2,329$1,567$1,026$658$415$128
36 years$2,239$1,487$960$606$376$111
37 years$2,155$1,412$899$558$341$97
38 years$2,075$1,342$842$515$309$84
39 years$1,999$1,276$789$475$280$73
40 years$1,928$1,214$739$438$254$64
41 years$1,860$1,156$693$404$230$55
42 years$1,795$1,101$650$373$209$48
43 years$1,734$1,049$610$344$190$42
44 years$1,675$1,000$573$318$172$36
45 years$1,620$953$538$293$156$32
46 years$1,566$910$505$271$142$28
47 years$1,516$868$474$250$129$24
48 years$1,467$829$446$231$117$21
49 years$1,421$791$419$214$106$18
50 years$1,377$756$394$198$97$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,410,000, adding $3,781 every year, while hoping to spend $41,605 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: 83/11/6 Blend
71$1,410,000$1,410,000$1,410,000$1,410,000
72$1,557,720$1,482,990$1,461,135$1,686,152
73$1,672,340$1,511,389$1,465,816$1,798,992
74$1,797,257$1,539,785$1,469,259$1,916,867
75$1,933,477$1,568,135$1,471,379$2,044,997
76$2,082,108$1,596,390$1,472,086$2,184,385
77$2,244,369$1,624,498$1,471,287$2,336,133
78$2,421,602$1,652,406$1,468,882$2,501,457
79$2,615,284$1,680,053$1,464,768$2,681,696
80$2,827,042$1,707,375$1,458,837$2,878,322
81$3,058,667$1,734,303$1,450,975$3,092,959
82$3,312,131$1,760,763$1,441,063$3,327,395
83$3,589,604$1,786,677$1,428,974$3,583,600
84$3,893,479$1,811,959$1,414,580$3,863,741
85$4,226,387$1,836,518$1,397,742$4,170,209
86$4,591,228$1,860,258$1,378,316$4,505,637
87$4,991,197$1,883,074$1,356,153$4,872,922
88$5,429,810$1,904,855$1,331,095$5,275,262
89$5,910,941$1,925,484$1,302,977$5,716,174
90$6,438,857$1,944,832$1,271,627$6,199,537
91$7,018,258$1,962,767$1,236,864$6,729,624
92$7,654,321$1,979,143$1,198,500$7,311,140
93$8,352,749$1,993,808$1,156,337$7,949,273
94$9,119,823$2,006,599$1,110,168$8,649,737
95$9,962,465$2,017,342$1,059,778$9,418,829
96$10,888,297$2,025,852$1,004,941$10,263,486
97$11,905,719$2,031,934$945,422$11,191,354
98$13,023,982$2,035,378$880,973$12,210,855
99$14,253,280$2,035,964$811,338$13,331,273
100$15,604,843$2,033,455$736,247$14,562,836