Can I retire at age 72 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$122,217$121,128$120,066$119,030$118,017$116,158
2 years$60,503$59,377$58,285$57,226$56,199$54,330
3 years$39,935$38,803$37,714$36,665$35,655$33,835
4 years$29,653$28,525$27,446$26,415$25,429$23,673
5 years$23,485$22,364$21,299$20,289$19,331$17,643
6 years$19,375$18,262$17,213$16,226$15,296$13,678
7 years$16,440$15,336$14,304$13,340$12,440$10,892
8 years$14,239$13,146$12,131$11,191$10,320$8,843
9 years$12,529$11,446$10,448$9,532$8,691$7,283
10 years$11,162$10,089$9,109$8,217$7,405$6,066
11 years$10,044$8,982$8,020$7,151$6,369$5,096
12 years$9,112$8,061$7,117$6,272$5,519$4,312
13 years$8,325$7,285$6,359$5,537$4,813$3,669
14 years$7,651$6,622$5,713$4,916$4,219$3,137
15 years$7,067$6,049$5,158$4,384$3,714$2,693
16 years$6,557$5,550$4,677$3,925$3,283$2,319
17 years$6,107$5,111$4,256$3,527$2,911$2,003
18 years$5,708$4,723$3,885$3,178$2,588$1,734
19 years$5,351$4,377$3,556$2,872$2,307$1,504
20 years$5,030$4,068$3,264$2,601$2,061$1,307
21 years$4,740$3,789$3,002$2,361$1,844$1,137
22 years$4,477$3,537$2,767$2,146$1,653$990
23 years$4,237$3,308$2,555$1,955$1,484$864
24 years$4,017$3,099$2,363$1,783$1,334$754
25 years$3,816$2,909$2,188$1,628$1,200$659
26 years$3,630$2,734$2,030$1,489$1,081$576
27 years$3,458$2,573$1,885$1,363$975$504
28 years$3,299$2,424$1,752$1,248$879$441
29 years$3,151$2,287$1,630$1,145$794$386
30 years$3,013$2,160$1,519$1,051$717$339
31 years$2,884$2,042$1,416$965$649$297
32 years$2,763$1,932$1,321$887$587$260
33 years$2,650$1,829$1,233$816$531$228
34 years$2,544$1,734$1,152$750$481$200
35 years$2,445$1,645$1,077$691$435$176
36 years$2,351$1,561$1,008$636$395$154
37 years$2,262$1,483$943$586$358$135
38 years$2,178$1,409$883$540$324$119
39 years$2,099$1,340$828$498$294$104
40 years$2,023$1,275$776$459$267$92
41 years$1,952$1,213$727$424$242$80
42 years$1,884$1,156$682$391$220$71
43 years$1,820$1,101$640$361$199$62
44 years$1,758$1,050$601$333$181$54
45 years$1,700$1,001$564$308$164$48
46 years$1,644$955$530$284$149$42
47 years$1,591$911$498$263$135$37
48 years$1,540$870$468$243$123$32
49 years$1,492$831$440$224$112$28
50 years$1,445$793$414$207$101$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,480,000, adding $3,481 every year, while hoping to spend $42,305 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: 49/46/5 Blend
71$1,480,000$1,480,000$1,480,000$1,480,000
72$1,634,551$1,556,111$1,533,171$1,712,470
73$1,756,263$1,587,348$1,539,520$1,797,200
74$1,888,971$1,618,698$1,544,664$1,884,359
75$2,033,754$1,650,121$1,548,517$1,978,009
76$2,191,795$1,681,576$1,550,991$2,078,766
77$2,364,401$1,713,016$1,551,992$2,187,308
78$2,553,008$1,744,391$1,551,421$2,304,381
79$2,759,196$1,775,648$1,549,176$2,430,808
80$2,984,708$1,806,729$1,545,147$2,567,496
81$3,231,460$1,837,571$1,539,221$2,715,445
82$3,501,564$1,868,107$1,531,280$2,875,755
83$3,797,345$1,898,265$1,521,199$3,049,641
84$4,121,361$1,927,967$1,508,846$3,238,441
85$4,476,432$1,957,130$1,494,085$3,443,630
86$4,865,664$1,985,665$1,476,773$3,666,834
87$5,292,476$2,013,476$1,456,758$3,909,847
88$5,760,633$2,040,461$1,433,885$4,174,645
89$6,274,285$2,066,511$1,407,987$4,463,406
90$6,838,000$2,091,508$1,378,893$4,778,532
91$7,456,812$2,115,328$1,346,422$5,122,672
92$8,136,265$2,137,837$1,310,385$5,498,747
93$8,882,466$2,158,893$1,270,585$5,909,974
94$9,702,143$2,178,344$1,226,815$6,359,903
95$10,602,707$2,196,029$1,178,859$6,852,447
96$11,592,324$2,211,776$1,126,492$7,391,920
97$12,679,989$2,225,400$1,069,476$7,983,080
98$13,875,610$2,236,707$1,007,566$8,631,170
99$15,190,106$2,245,490$940,504$9,341,973
100$16,635,505$2,251,527$868,019$10,121,862