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%15%
1 years$122,217$121,128$120,066$119,030$118,017$115,587
2 years$60,503$59,377$58,285$57,226$56,199$53,761
3 years$39,935$38,803$37,714$36,665$35,655$33,286
4 years$29,653$28,525$27,446$26,415$25,429$23,148
5 years$23,485$22,364$21,299$20,289$19,331$17,143
6 years$19,375$18,262$17,213$16,226$15,296$13,204
7 years$16,440$15,336$14,304$13,340$12,440$10,444
8 years$14,239$13,146$12,131$11,191$10,320$8,421
9 years$12,529$11,446$10,448$9,532$8,691$6,886
10 years$11,162$10,089$9,109$8,217$7,405$5,693
11 years$10,044$8,982$8,020$7,151$6,369$4,747
12 years$9,112$8,061$7,117$6,272$5,519$3,986
13 years$8,325$7,285$6,359$5,537$4,813$3,365
14 years$7,651$6,622$5,713$4,916$4,219$2,854
15 years$7,067$6,049$5,158$4,384$3,714$2,429
16 years$6,557$5,550$4,677$3,925$3,283$2,075
17 years$6,107$5,111$4,256$3,527$2,911$1,776
18 years$5,708$4,723$3,885$3,178$2,588$1,524
19 years$5,351$4,377$3,556$2,872$2,307$1,310
20 years$5,030$4,068$3,264$2,601$2,061$1,128
21 years$4,740$3,789$3,002$2,361$1,844$973
22 years$4,477$3,537$2,767$2,146$1,653$840
23 years$4,237$3,308$2,555$1,955$1,484$726
24 years$4,017$3,099$2,363$1,783$1,334$628
25 years$3,816$2,909$2,188$1,628$1,200$543
26 years$3,630$2,734$2,030$1,489$1,081$470
27 years$3,458$2,573$1,885$1,363$975$408
28 years$3,299$2,424$1,752$1,248$879$353
29 years$3,151$2,287$1,630$1,145$794$306
30 years$3,013$2,160$1,519$1,051$717$266
31 years$2,884$2,042$1,416$965$649$231
32 years$2,763$1,932$1,321$887$587$200
33 years$2,650$1,829$1,233$816$531$174
34 years$2,544$1,734$1,152$750$481$151
35 years$2,445$1,645$1,077$691$435$131
36 years$2,351$1,561$1,008$636$395$114
37 years$2,262$1,483$943$586$358$99
38 years$2,178$1,409$883$540$324$86
39 years$2,099$1,340$828$498$294$75
40 years$2,023$1,275$776$459$267$65
41 years$1,952$1,213$727$424$242$56
42 years$1,884$1,156$682$391$220$49
43 years$1,820$1,101$640$361$199$43
44 years$1,758$1,050$601$333$181$37
45 years$1,700$1,001$564$308$164$32
46 years$1,644$955$530$284$149$28
47 years$1,591$911$498$263$135$24
48 years$1,540$870$468$243$123$21
49 years$1,492$831$440$224$112$18
50 years$1,445$793$414$207$101$16

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 $3,595 every year, while hoping to spend $56,010 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: 43/34/23 Blend
71$1,480,000$1,480,000$1,480,000$1,480,000
72$1,634,668$1,556,228$1,533,288$1,693,866
73$1,741,810$1,572,889$1,525,059$1,752,941
74$1,858,003$1,588,489$1,514,677$1,811,224
75$1,984,112$1,602,918$1,502,011$1,873,249
76$2,121,086$1,616,055$1,486,923$1,939,392
77$2,269,972$1,627,777$1,469,270$2,010,067
78$2,431,918$1,637,947$1,448,900$2,085,738
79$2,608,191$1,646,424$1,425,655$2,166,914
80$2,800,183$1,653,055$1,399,371$2,254,163
81$3,009,426$1,657,679$1,369,874$2,348,111
82$3,237,605$1,660,123$1,336,983$2,449,453
83$3,486,577$1,660,205$1,300,508$2,558,960
84$3,758,384$1,657,732$1,260,251$2,677,482
85$4,055,276$1,652,497$1,216,006$2,805,962
86$4,379,726$1,644,282$1,167,555$2,945,445
87$4,734,461$1,632,854$1,114,671$3,097,085
88$5,122,482$1,617,969$1,057,118$3,262,160
89$5,547,091$1,599,366$994,647$3,442,085
90$6,011,927$1,576,767$927,000$3,638,423
91$6,520,995$1,549,881$853,907$3,852,903
92$7,078,708$1,518,397$775,084$4,087,439
93$7,689,924$1,481,986$690,237$4,344,146
94$8,359,993$1,440,300$599,057$4,625,361
95$9,094,809$1,392,971$501,222$4,933,670
96$9,900,862$1,339,609$396,395$5,271,930
97$10,785,301$1,279,802$284,226$5,643,298
98$11,756,002$1,213,112$164,347$6,051,262
99$12,821,638$1,139,078$36,377$6,499,678
100$13,991,764$1,057,212$0$6,992,805