Can I retire at age 72 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$118,088$117,036$116,010$115,008$114,030$110,248
2 years$58,459$57,371$56,316$55,292$54,300$50,526
3 years$38,586$37,492$36,440$35,426$34,450$30,803
4 years$28,651$27,561$26,519$25,523$24,570$21,078
5 years$22,692$21,608$20,580$19,604$18,678$15,350
6 years$18,720$17,645$16,631$15,677$14,779$11,618
7 years$15,884$14,818$13,821$12,889$12,019$9,024
8 years$13,758$12,702$11,721$10,812$9,971$7,140
9 years$12,106$11,059$10,095$9,210$8,397$5,727
10 years$10,785$9,748$8,801$7,939$7,155$4,641
11 years$9,704$8,678$7,749$6,909$6,153$3,792
12 years$8,805$7,789$6,877$6,060$5,332$3,117
13 years$8,044$7,039$6,144$5,350$4,650$2,575
14 years$7,393$6,398$5,520$4,749$4,076$2,137
15 years$6,828$5,845$4,984$4,236$3,589$1,779
16 years$6,335$5,363$4,519$3,793$3,172$1,484
17 years$5,901$4,939$4,112$3,408$2,812$1,242
18 years$5,515$4,564$3,754$3,071$2,501$1,041
19 years$5,170$4,230$3,436$2,775$2,229$873
20 years$4,860$3,930$3,154$2,513$1,991$734
21 years$4,580$3,661$2,901$2,281$1,782$618
22 years$4,326$3,417$2,674$2,074$1,597$520
23 years$4,094$3,196$2,469$1,889$1,434$438
24 years$3,882$2,995$2,283$1,723$1,289$369
25 years$3,687$2,810$2,114$1,573$1,159$312
26 years$3,507$2,641$1,961$1,438$1,044$263
27 years$3,341$2,486$1,821$1,317$942$222
28 years$3,187$2,342$1,693$1,206$850$188
29 years$3,044$2,210$1,575$1,106$767$158
30 years$2,911$2,087$1,467$1,015$693$134
31 years$2,786$1,973$1,368$932$627$113
32 years$2,670$1,867$1,276$857$567$96
33 years$2,561$1,768$1,192$788$513$81
34 years$2,458$1,675$1,114$725$465$68
35 years$2,362$1,589$1,041$667$421$58
36 years$2,271$1,508$974$615$381$49
37 years$2,185$1,432$912$566$346$41
38 years$2,104$1,361$854$522$313$35
39 years$2,028$1,295$800$481$284$30
40 years$1,955$1,232$750$444$258$25
41 years$1,886$1,172$703$410$234$21
42 years$1,821$1,117$659$378$212$18
43 years$1,758$1,064$619$349$192$15
44 years$1,699$1,014$581$322$175$13
45 years$1,643$967$545$298$159$11
46 years$1,589$922$512$275$144$9
47 years$1,537$880$481$254$131$8
48 years$1,488$840$452$235$119$7
49 years$1,441$803$425$217$108$6
50 years$1,396$767$400$200$98$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,430,000, adding $3,595 every year, while hoping to spend $48,505 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: 75/9/16 Blend
71$1,430,000$1,430,000$1,430,000$1,430,000
72$1,579,568$1,503,778$1,481,613$1,692,165
73$1,689,075$1,525,854$1,479,638$1,789,202
74$1,808,126$1,547,387$1,475,972$1,889,164
75$1,937,644$1,568,297$1,470,505$1,997,425
76$2,078,642$1,588,502$1,463,126$2,114,797
77$2,232,238$1,607,914$1,453,715$2,242,175
78$2,399,661$1,626,436$1,442,149$2,380,544
79$2,582,262$1,643,967$1,428,297$2,530,992
80$2,781,530$1,660,399$1,412,022$2,694,717
81$2,999,104$1,675,616$1,393,183$2,873,037
82$3,236,787$1,689,495$1,371,628$3,067,408
83$3,496,564$1,701,906$1,347,203$3,279,432
84$3,780,622$1,712,708$1,319,743$3,510,876
85$4,091,367$1,721,752$1,289,076$3,763,687
86$4,431,450$1,728,881$1,255,023$4,040,011
87$4,803,788$1,733,926$1,217,397$4,342,213
88$5,211,595$1,736,709$1,176,000$4,672,899
89$5,658,409$1,737,040$1,130,628$5,034,943
90$6,148,129$1,734,716$1,081,065$5,431,511
91$6,685,045$1,729,525$1,027,088$5,866,095
92$7,273,886$1,721,238$968,462$6,342,540
93$7,919,858$1,709,614$904,941$6,865,088
94$8,628,697$1,694,398$836,270$7,438,411
95$9,406,719$1,675,318$762,179$8,067,662
96$10,260,882$1,652,087$682,391$8,758,519
97$11,198,853$1,624,401$596,612$9,517,240
98$12,229,075$1,591,935$504,537$10,350,723
99$13,360,849$1,554,348$405,848$11,266,571
100$14,604,423$1,511,279$300,211$12,273,165