Can I retire at age 72 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$118,914$117,855$116,821$115,813$114,828$111,107
2 years$58,868$57,772$56,709$55,679$54,680$50,967
3 years$38,856$37,755$36,695$35,674$34,691$31,102
4 years$28,851$27,754$26,704$25,701$24,742$21,304
5 years$22,850$21,759$20,724$19,741$18,808$15,530
6 years$18,851$17,768$16,748$15,787$14,883$11,767
7 years$15,995$14,922$13,917$12,979$12,103$9,151
8 years$13,855$12,791$11,803$10,888$10,041$7,249
9 years$12,191$11,136$10,166$9,274$8,456$5,821
10 years$10,860$9,816$8,863$7,994$7,205$4,724
11 years$9,772$8,739$7,803$6,958$6,196$3,864
12 years$8,866$7,843$6,925$6,103$5,370$3,181
13 years$8,100$7,088$6,187$5,388$4,683$2,632
14 years$7,444$6,443$5,559$4,783$4,105$2,186
15 years$6,876$5,886$5,019$4,265$3,614$1,822
16 years$6,380$5,400$4,550$3,819$3,194$1,523
17 years$5,942$4,973$4,141$3,431$2,832$1,276
18 years$5,554$4,596$3,780$3,092$2,518$1,071
19 years$5,206$4,259$3,460$2,794$2,245$900
20 years$4,894$3,958$3,176$2,531$2,005$758
21 years$4,612$3,687$2,921$2,297$1,794$638
22 years$4,356$3,441$2,692$2,088$1,608$538
23 years$4,123$3,218$2,486$1,902$1,444$454
24 years$3,909$3,016$2,299$1,735$1,298$384
25 years$3,713$2,830$2,129$1,584$1,168$324
26 years$3,532$2,660$1,975$1,448$1,052$274
27 years$3,364$2,503$1,834$1,326$948$232
28 years$3,209$2,359$1,705$1,215$856$196
29 years$3,065$2,225$1,586$1,114$773$166
30 years$2,931$2,101$1,478$1,022$698$140
31 years$2,806$1,986$1,378$939$631$119
32 years$2,689$1,880$1,285$863$571$101
33 years$2,579$1,780$1,200$794$517$85
34 years$2,476$1,687$1,121$730$468$72
35 years$2,379$1,600$1,048$672$424$61
36 years$2,287$1,519$981$619$384$52
37 years$2,201$1,442$918$570$348$44
38 years$2,119$1,371$860$526$315$37
39 years$2,042$1,304$805$485$286$31
40 years$1,969$1,240$755$447$259$27
41 years$1,899$1,181$708$412$235$23
42 years$1,833$1,124$664$381$214$19
43 years$1,771$1,071$623$351$194$16
44 years$1,711$1,021$585$324$176$14
45 years$1,654$974$549$300$160$12
46 years$1,600$929$516$277$145$10
47 years$1,548$886$485$256$132$8
48 years$1,499$846$455$236$120$7
49 years$1,451$808$428$218$109$6
50 years$1,406$772$402$202$99$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,440,000, adding $5,531 every year, while hoping to spend $44,804 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: 42/33/25 Blend
71$1,440,000$1,440,000$1,440,000$1,440,000
72$1,592,585$1,516,265$1,493,945$1,647,611
73$1,707,358$1,542,891$1,496,321$1,714,160
74$1,832,336$1,569,320$1,497,275$1,781,502
75$1,968,512$1,595,495$1,496,712$1,853,550
76$2,116,981$1,621,355$1,494,533$1,930,763
77$2,278,945$1,646,834$1,490,632$2,013,650
78$2,455,730$1,671,861$1,484,901$2,102,771
79$2,648,794$1,696,361$1,477,224$2,198,744
80$2,859,741$1,720,253$1,467,481$2,302,254
81$3,090,339$1,743,450$1,455,546$2,414,057
82$3,342,534$1,765,859$1,441,287$2,534,985
83$3,618,467$1,787,381$1,424,565$2,665,962
84$3,920,498$1,807,910$1,405,235$2,808,004
85$4,251,224$1,827,333$1,383,146$2,962,235
86$4,613,505$1,845,529$1,358,138$3,129,898
87$5,010,492$1,862,368$1,330,044$3,312,361
88$5,445,653$1,877,715$1,298,692$3,511,139
89$5,922,809$1,891,423$1,263,898$3,727,903
90$6,446,169$1,903,336$1,225,471$3,964,497
91$7,020,368$1,913,289$1,183,214$4,222,957
92$7,650,510$1,921,105$1,136,916$4,505,532
93$8,342,220$1,926,597$1,086,361$4,814,705
94$9,101,692$1,929,566$1,031,320$5,153,214
95$9,935,750$1,929,800$971,555$5,524,082
96$10,851,911$1,927,075$906,816$5,930,648
97$11,858,456$1,921,152$836,845$6,376,595
98$12,964,508$1,911,778$761,368$6,865,987
99$14,180,116$1,898,683$680,103$7,403,308
100$15,516,353$1,881,584$592,751$7,993,510