Can I retire at age 72 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$120,565$119,492$118,444$117,421$116,422$114,118
2 years$59,686$58,574$57,497$56,452$55,439$53,128
3 years$39,395$38,279$37,204$36,170$35,173$32,926
4 years$29,252$28,139$27,075$26,058$25,086$22,921
5 years$23,168$22,061$21,011$20,015$19,070$16,993
6 years$19,113$18,015$16,980$16,006$15,089$13,103
7 years$16,217$15,129$14,111$13,160$12,272$10,376
8 years$14,047$12,968$11,967$11,039$10,180$8,375
9 years$12,360$11,291$10,307$9,403$8,573$6,857
10 years$11,011$9,953$8,986$8,106$7,305$5,676
11 years$9,908$8,860$7,911$7,054$6,283$4,739
12 years$8,989$7,952$7,021$6,188$5,444$3,984
13 years$8,213$7,187$6,273$5,463$4,748$3,368
14 years$7,548$6,532$5,636$4,849$4,162$2,860
15 years$6,972$5,968$5,089$4,325$3,664$2,438
16 years$6,468$5,475$4,614$3,872$3,238$2,085
17 years$6,025$5,042$4,198$3,479$2,871$1,788
18 years$5,631$4,659$3,832$3,135$2,553$1,536
19 years$5,279$4,318$3,508$2,833$2,276$1,323
20 years$4,962$4,013$3,220$2,566$2,033$1,141
21 years$4,676$3,738$2,962$2,329$1,819$985
22 years$4,416$3,489$2,730$2,117$1,631$852
23 years$4,180$3,263$2,520$1,928$1,464$737
24 years$3,963$3,057$2,331$1,759$1,316$638
25 years$3,764$2,869$2,159$1,606$1,184$553
26 years$3,581$2,697$2,002$1,469$1,066$480
27 years$3,411$2,538$1,859$1,344$961$417
28 years$3,254$2,391$1,728$1,232$867$362
29 years$3,108$2,256$1,608$1,129$783$314
30 years$2,972$2,131$1,498$1,037$708$273
31 years$2,845$2,014$1,397$952$640$237
32 years$2,726$1,906$1,303$875$579$206
33 years$2,615$1,805$1,217$805$524$180
34 years$2,510$1,710$1,137$740$474$156
35 years$2,412$1,622$1,063$681$430$136
36 years$2,319$1,540$994$628$389$118
37 years$2,231$1,463$931$578$353$103
38 years$2,149$1,390$872$533$320$90
39 years$2,070$1,322$817$491$290$78
40 years$1,996$1,257$765$453$263$68
41 years$1,926$1,197$718$418$239$59
42 years$1,859$1,140$673$386$217$51
43 years$1,795$1,086$632$356$197$45
44 years$1,735$1,035$593$329$178$39
45 years$1,677$987$557$304$162$34
46 years$1,622$942$523$281$147$30
47 years$1,570$899$491$259$134$26
48 years$1,519$858$462$240$121$22
49 years$1,471$819$434$221$110$20
50 years$1,425$783$408$205$100$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,460,000, adding $2,792 every year, while hoping to spend $39,150 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: 48/27/25 Blend
71$1,460,000$1,460,000$1,460,000$1,460,000
72$1,611,800$1,534,420$1,511,790$1,677,577
73$1,734,548$1,567,951$1,520,780$1,757,468
74$1,868,505$1,601,813$1,528,758$1,840,071
75$2,014,771$1,635,981$1,535,651$1,928,994
76$2,174,561$1,670,427$1,541,378$2,024,850
77$2,349,209$1,705,121$1,545,857$2,128,318
78$2,540,186$1,740,030$1,549,001$2,240,141
79$2,749,110$1,775,116$1,550,718$2,361,143
80$2,977,764$1,810,342$1,550,911$2,492,230
81$3,228,110$1,845,663$1,549,481$2,634,403
82$3,502,310$1,881,033$1,546,322$2,788,764
83$3,802,744$1,916,402$1,541,321$2,956,529
84$4,132,033$1,951,714$1,534,365$3,139,040
85$4,493,063$1,986,912$1,525,329$3,337,775
86$4,889,015$2,021,930$1,514,087$3,554,366
87$5,323,391$2,056,700$1,500,505$3,790,610
88$5,800,047$2,091,149$1,484,442$4,048,492
89$6,323,232$2,125,196$1,465,752$4,330,198
90$6,897,628$2,158,756$1,444,280$4,638,139
91$7,528,388$2,191,738$1,419,866$4,974,977
92$8,221,193$2,224,042$1,392,341$5,343,643
93$8,982,299$2,255,564$1,361,528$5,747,371
94$9,818,597$2,286,191$1,327,243$6,189,728
95$10,737,682$2,315,802$1,289,293$6,674,645
96$11,747,917$2,344,268$1,247,476$7,206,460
97$12,858,518$2,371,450$1,201,580$7,789,954
98$14,079,639$2,397,203$1,151,385$8,430,397
99$15,422,464$2,421,368$1,096,659$9,133,604
100$16,899,319$2,443,779$1,037,160$9,905,983