Can I retire at age 72 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$119,740$118,673$117,632$116,617$115,625$113,244
2 years$59,277$58,173$57,103$56,066$55,060$52,672
3 years$39,125$38,017$36,950$35,922$34,932$32,612
4 years$29,052$27,946$26,890$25,880$24,914$22,679
5 years$23,009$21,910$20,868$19,878$18,939$16,796
6 years$18,982$17,891$16,864$15,897$14,986$12,937
7 years$16,106$15,025$14,014$13,070$12,188$10,233
8 years$13,951$12,879$11,885$10,964$10,111$8,250
9 years$12,275$11,214$10,237$9,339$8,515$6,746
10 years$10,935$9,884$8,925$8,050$7,255$5,578
11 years$9,840$8,799$7,857$7,006$6,239$4,651
12 years$8,928$7,898$6,973$6,145$5,407$3,905
13 years$8,156$7,137$6,230$5,425$4,715$3,297
14 years$7,496$6,488$5,598$4,816$4,133$2,796
15 years$6,924$5,927$5,054$4,295$3,639$2,380
16 years$6,424$5,438$4,582$3,846$3,216$2,032
17 years$5,983$5,008$4,169$3,455$2,852$1,740
18 years$5,592$4,627$3,806$3,114$2,536$1,493
19 years$5,242$4,289$3,484$2,814$2,260$1,284
20 years$4,928$3,985$3,198$2,548$2,019$1,105
21 years$4,644$3,712$2,941$2,313$1,807$953
22 years$4,386$3,465$2,711$2,103$1,619$823
23 years$4,151$3,241$2,503$1,915$1,454$711
24 years$3,936$3,036$2,315$1,747$1,307$615
25 years$3,738$2,850$2,144$1,595$1,176$532
26 years$3,556$2,678$1,989$1,459$1,059$461
27 years$3,388$2,520$1,846$1,335$955$399
28 years$3,232$2,375$1,717$1,223$862$346
29 years$3,087$2,241$1,597$1,122$778$300
30 years$2,952$2,116$1,488$1,029$703$260
31 years$2,825$2,000$1,387$945$635$226
32 years$2,707$1,893$1,294$869$575$196
33 years$2,597$1,792$1,208$799$520$170
34 years$2,493$1,699$1,129$735$471$148
35 years$2,395$1,611$1,056$677$427$129
36 years$2,303$1,529$988$623$387$112
37 years$2,216$1,453$924$574$350$97
38 years$2,134$1,380$866$529$318$84
39 years$2,056$1,313$811$488$288$73
40 years$1,982$1,249$760$450$261$64
41 years$1,912$1,189$713$415$237$55
42 years$1,846$1,132$669$383$215$48
43 years$1,783$1,079$627$354$195$42
44 years$1,723$1,028$589$327$177$36
45 years$1,666$981$553$302$161$32
46 years$1,611$935$519$279$146$27
47 years$1,559$893$488$257$133$24
48 years$1,509$852$458$238$120$21
49 years$1,461$814$431$220$109$18
50 years$1,416$777$405$203$99$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,450,000, adding $2,176 every year, while hoping to spend $32,092 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: 30/45/25 Blend
71$1,450,000$1,450,000$1,450,000$1,450,000
72$1,600,145$1,523,295$1,500,820$1,635,716
73$1,729,214$1,563,790$1,516,951$1,703,891
74$1,870,372$1,605,195$1,532,548$1,774,199
75$2,024,819$1,647,519$1,547,558$1,849,184
76$2,193,876$1,690,772$1,561,926$1,929,274
77$2,378,996$1,734,964$1,575,595$2,014,939
78$2,581,780$1,780,104$1,588,504$2,106,698
79$2,803,992$1,826,200$1,600,590$2,205,120
80$3,047,575$1,873,259$1,611,784$2,310,834
81$3,314,666$1,921,288$1,622,018$2,424,532
82$3,607,623$1,970,291$1,631,216$2,546,976
83$3,929,038$2,020,274$1,639,300$2,679,006
84$4,281,772$2,071,239$1,646,188$2,821,547
85$4,668,972$2,123,188$1,651,795$2,975,619
86$5,094,105$2,176,123$1,656,028$3,142,345
87$5,560,993$2,230,042$1,658,794$3,322,963
88$6,073,842$2,284,942$1,659,991$3,518,837
89$6,637,289$2,340,820$1,659,517$3,731,472
90$7,256,442$2,397,669$1,657,259$3,962,524
91$7,936,925$2,455,481$1,653,104$4,213,819
92$8,684,938$2,514,246$1,646,930$4,487,372
93$9,507,310$2,573,952$1,638,610$4,785,401
94$10,411,563$2,634,584$1,628,011$5,110,352
95$11,405,988$2,696,123$1,614,994$5,464,921
96$12,499,715$2,758,550$1,599,413$5,852,080
97$13,702,808$2,821,841$1,581,116$6,275,105
98$15,026,352$2,885,969$1,559,941$6,737,608
99$16,482,563$2,950,903$1,535,721$7,243,568
100$18,084,897$3,016,611$1,508,281$7,797,374